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Heritage Financial (HFWA) - 2025 Q2 - Quarterly Results

In the second quarter of 2025, the Company incurred a pre-tax loss of 6.9milliononthesaleofinvestmentsecuritiesinconnectionwiththestrategicrepositioningofitsbalancesheet,whichdecreaseddilutedearningspershareby6.9 million on the sale of investment securities in connection with the strategic repositioning of its balance sheet, which decreased diluted earnings per share by 0.15 for the quarter. The Company sold 91.6millionofinvestmentsecuritieswithanaveragebookyieldof2.6391.6 million of investment securities with an average book yield of 2.63%. Net proceeds from the sale were used to purchase 56.4 million in investment securities with an average book yield of 5.06% and fund new loans originated during ...