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Midas Edge

HERITAGE FINANCIAL CORP /WA/

For the period ended Mar 31, 2025. Filed May 6, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

HFWA$28.39-0.6%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

NONINTEREST EXPENSE OVERVIEW

Noninterest Expense

Comparison of three months ended March 31, 2025 to the comparable period in the prior year

The following table presents changes in the key components of noninterest expense for the periods indicated:

Three Months EndedMarch 31, · Change
20252024$%
(Dollars in thousands)
Compensation and employee benefits$25,799$25,476$3231.3%
Occupancy and equipment4,9264,932(6)(0.1)
Three Months EndedMarch 31, · Change
20252024$%
(Dollars in thousands)
Data processing3,8973,33156617.0
Marketing33521112458.8
Professional services73456716729.5
State/municipal business and use taxes1,2201,300(80)(6.2)
Federal deposit insurance premium812795172.1
Amortization of intangible assets303421(118)(28.0)
Other expense3,3573,337200.6
Total noninterest expense$41,383$40,370$1,0132.5%

Noninterest expense increased $1.0 million, or 2.5%, during the three months ended March 31, 2025 compared to the same period in 2024. Data processing expense increased due primarily to annual cost increases and a $230,000 refund recognized in the first quarter of 2024 related to a contract termination. Professional services and marketing expense increased due primarily to timing of services performed.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.