Heritage Financial Repurchased 341,483 Shares in the Third Quarter

Heritage Financial Corporation repurchased 341,483 shares for $10.2 million during the third quarter of 2026, as its board approved a replacement buyback authorization for approximately 2 million shares.

The purchases took place from July through Sept. 30 under a program approved in April 2024 for approximately 1.7 million shares. That earlier allowance was substantially completed during the quarter.

On Wednesday, Oct. 21, the board approved a replacement buyback authorization. It covers repurchases of up to 5% of outstanding common shares, or approximately 2 million shares. The program has no stated dollar limit or expiration date.

The company will decide how many shares to purchase, when to buy them and at what price, weighing business and market conditions along with opportunities to use capital. Based in Olympia, Washington, Heritage Financial is the parent of Heritage Bank. Its shares trade on Nasdaq GS under the ticker HFWA.