财务数据和关键指标变化 - 公司在第四季度进行了投资组合调整,出售了1.52亿美元的证券并购买了1.41亿美元的新证券,预计将带来约500万美元的年化收益增加 [10][11] - 公司在第四季度采取了一系列成本管理措施,包括合同谈判费用、合同终止费用和裁员费用,预计将带来约530万美元的年化成本节省 [11] - 贷款在第四季度增长了6900万美元,全年增长2.85亿美元,增幅7% [12] - 存款在第四季度减少3500万美元,主要是活期存款减少近1亿美元,定期存款增加6400万美元 [13] - 净利差在第四季度下降6个基点至3.41%,预计将在第一季度进一步下降 [15][16] 各条业务线数据和关键指标变化 - 商业贷款在第四季度新增承诺1.87亿美元,较上一季度下降,但贷款管线增加至3.29亿美元 [27][28] - 预计未来几个季度贷款增速将保持中单位数 [28] - 新发放商业贷款平均利率为6.93%,较上季度上升48个基点 [31] - 公司决定退出零售抵押贷款业务,未来将通过批发渠道购买住房贷款来替代组合贷款的到期 [32] 各个市场数据和关键指标变化 - 公司的信贷质量保持良好,不良贷款率为0.10%,较上季度略有上升 [20][21] - 关注贷款占比11%,较上季度上升11% [21][22] - 商业房地产贷款组合表现良好,关注贷款占比为3.4% [22] - 办公楼贷款组合表现稳定,关注贷款占比为3.4% [23] 公司战略和发展方向及行业竞争 - 公司将继续关注成本管理和提高效率,保持较低的贷款存款比率,利用良好的风险管理实践和资本实力应对挑战 [34] - 公司认为目前的市场环境为其带来了机会,将继续专注于贷款和存款的增长 [34] 管理层对经营环境和未来前景的评论 - 公司认为第四季度的"噪音"最终将为2024年及以后的表现奠定基础 [5] - 公司预计存款定价压力将在短期内持续,并将导致净息差进一步下降 [6][15][16] - 公司对未来保持乐观,认为其强大的特许经营权将带来长期利益 [34]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 000-29480 HERITAGE FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Was ...

财务数据和关键指标变化 - 贷款增长放缓,第三季度增加1550万美元,但年初至今仍增长5.3% [10] - 存款余额在第三季度有所增加39.6百万美元,主要是定期存款增加 [11][12] - 投资组合规模下降1.36亿美元,出售4700万美元证券,部分用于重组投资组合 [14][15] 各条业务线数据和关键指标变化 - 商业贷款新增承诺2.17亿美元,较上季度增加,但低于去年同期 [36] - 商业贷款管线规模下降,主要是非自用房地产贷款需求下降 [37][38] - 抵押贷款新增18百万美元,较上季度和去年同期有所下降 [43][44] 各个市场数据和关键指标变化 - 俄勒冈州和波特兰大都市区是唯一在第三季度实现存款净增长的主要市场 [41] - 新增贷款和存款管线中,约40%来自新增加的银行团队 [58][59] 公司战略和发展方向及行业竞争 - 公司将继续专注于建立强大的资产负债表,保持充足的流动性和资本 [47][48] - 公司正在考虑进一步出售证券以提高收益,但会谨慎评估市场环境 [52][54] - 公司正在积极管控费用,包括重新谈判合同等,以应对利率环境带来的压力 [62][63] - 公司认为目前并购市场较为疲软,短期内并购不会是公司的重点 [161][163] 管理层对经营环境和未来前景的评论 - 公司对第三季度的整体表现感到满意,但存款定价压力持续影响净息差 [6][47] - 预计第四季度净息差将进一步下降,主要取决于存款成本的变化 [16][17] - 公司认为信贷质量仍然很好,但会密切关注通胀压力和经济环境的潜在弱点 [32][33] 问答环节重要的提问和回答 问题1 **Matthew Clark 提问** 询问公司出售证券的时间和收益情况,以及未来是否会有更多类似交易 [51][52][53][54] **Donald Hinson 回答** 公司在9月份进行了证券出售交易,预计年化收益增加140万美元,回收期1.4年。公司会根据市场情况考虑进一步交易 [52][53][54] 问题2 **Jeff Rulis 提问** 询问公司的资本水平和未来部署计划 [73][74][75][76][77][78] **Donald Hinson 回答** 公司目前的资本水平较为充足,未来可能会考虑更多的股票回购,但不会有大规模回购计划。公司也会根据需求适当调整资本水平 [76][77][79] 问题3 **Andrew Terrell 提问** 询问公司是否考虑进一步调整证券投资组合,以及对新增贷款收益率的预期 [119][120][128][129][130] **Donald Hinson 和 Bryan McDonald 回答** 公司会继续审慎评估证券投资组合调整,目标是在2年内收回投资成本。新增贷款收益率有所提升,未来还有进一步上升空间 [119][120][128][129][130]

FORWARD LOOKING STATEMENTS Non-GAAP Financial Information 2 Heritage Branch OVERVIEW Eugene-Springfield, OR Boise–Nampa, Idaho Allocate capital to organically grow our core banking business Improve operational efficiencies and rationalize branch network Closed/Consolidated 36 branches since the beginning of 2010, including 12 branches in 2021 and one branch in 2023. 5 Objective: Invest in technologies that enable Community Banking @ Scale TECHNOLOGY INNOVATION Build Commercial Loans 360 (CL360) • Streamline ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 000-29480 HERITAGE FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Washingt ...

Okay. Well, maybe could you touch on the competitive landscape, too? I mean, obviously, everybody is trying to do that same thing and grow -- retain their existing and grow as well. I'm just curious, has the competitive landscape remain relatively tame or are you seeing that pick up? And if so, where are you seeing competition from primarily? Jeffrey Deuel Okay. That's helpful. And kind of maybe following up on that. Could you maybe touch on -- you gave the pipeline numbers, obviously, were down a little bi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 000-29480 Common stock, no par value HFWA NASDAQ | Large accelerated filer | ☒ | Accelerated filer | ☐ ...

And we're viewing the loan opportunities the same way our bankers call for years and oftentimes, it's during a period of market disruption like this where they're maybe not able to get all their needs met at another institution, and that's our opportunity to convert them. Adam Butler Anthony Chalfant So felt pretty good about those numbers. I mean clearly, the downtown core markets are experiencing some significant distress already, particularly Seattle and Portland. And again, I think we're very happy, as ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 000-29480 HERITAGE FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Washington 9 ...

Which one are you talking about, the NIM? Donald Hinson Same as, yes, that's what I thought. That's right. Yes. Yes. Okay. Got it. And then maybe just on deposits, they were down in the quarter. I know some of it moved to the wealth management platform you guys have. But it sounds like there's an expectation that deposits continue to decline here maybe in the next quarter or two. I would have thought some of those new bankers you brought over six, seven, eight months ago would have been able to mitigate som ...