HERITAGE FINANCIAL CORP /WA/
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
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NONINTEREST INCOME OVERVIEW
Noninterest Income
Comparison of the three months ended March 31, 2026 to the comparable period in the prior year
The following table presents the change in the key components of noninterest income for the periods indicated:
| Three Months EndedMarch 31, · Change | ||||
|---|---|---|---|---|
| 2026 | 2025 | $ | % | |
| (Dollars in thousands) | ||||
| Service charges and other fees | $3,367 | $2,975 | $392 | 13.2% |
| Card revenue | 2,103 | 1,733 | 370 | 21.4 |
| Loss on sale of investment securities, net | — | (3,887) | 3,887 | (100.0) |
| BOLI income | 1,119 | 918 | 201 | 21.9 |
| Gain on sale of other assets, net | — | 3 | (3) | (100.0) |
| Other income | 2,110 | 2,161 | (51) | (2.4) |
| Total noninterest income | $8,699 | $3,903 | $4,796 | 122.9% |
Noninterest income increased $4.8 million from the same period in 2025, due primarily to a $3.9 million pre-tax loss on the sale of investment securities recognized during the three months ended March 31, 2025 as part of the Company's strategic balance sheet repositioning efforts, and due to increases in service charges and other fees, card revenue and BOLI income due to income from the deposit portfolio and BOLI acquired from Olympic.
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