HERITAGE FINANCIAL CORP /WA/
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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NONINTEREST INCOME OVERVIEW
Noninterest Income
Comparison of the three months ended September 30, 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 EndedSeptember 30, · Change | ||||
|---|---|---|---|---|
| 2026 | 2025 | $ | % | |
| (Dollars in thousands) | ||||
| Service charges and other fees | $3,497 | $3,046 | $451 | 14.8% |
| Card revenue | 2,521 | 2,209 | 312 | 14.1 |
| Interest rate swap fees | 53 | 96 | (43) | (44.8) |
| BOLI income | 1,250 | 1,008 | 242 | 24.0 |
| Other income | 1,932 | 1,966 | (34) | (1.7) |
| Total noninterest income | $9,253 | $8,325 | $928 | 11.1% |
Noninterest income increased $0.9 million during the three months ended September 30, 2026, compared to the same period in 2025. Increases in service charges and other fees, card revenue and BOLI income were due primarily to income from the deposit portfolio and BOLI acquired from Olympic.
Comparison of nine months ended September 30, 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:
| Nine Months EndedSeptember 30, · Change | ||||
|---|---|---|---|---|
| 2026 | 2025 | $ | % | |
| (Dollars in thousands) | ||||
| Service charges and other fees | $10,456 | $8,953 | $1,503 | 16.8% |
| Card revenue | 7,219 | 5,950 | 1,269 | 21.3 |
| Loss on sale of investment securities, net | (217) | (10,741) | 10,524 | (98.0) |
| Interest rate swap fees | 56 | 115 | (59) | (51.3) |
| Bank owned life insurance income | 3,854 | 3,206 | 648 | 20.2 |
| Gain on sale of other assets, net | — | 8 | (8) | (100.0) |
| Other income | 5,895 | 6,254 | (359) | (5.7) |
| Total noninterest income | $27,263 | $13,745 | $13,518 | 98.3% |
Noninterest income increased $13.5 million, during the nine months ended September 30, 2026, compared to the same period in 2025. Loss on sale of securities decreased $10.5 million due to a smaller pre-tax loss of $217,000 recognized during the nine months ended September 30, 2026, compared to a $10.7 million pre-tax loss recognized during the same period in 2025, as part of the Company's strategic balance sheet repositioning efforts. Increases in service charges and other fees, card revenue and BOLI income were due primarily to income from the deposit portfolio and BOLI acquired from Olympic.
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