How many shares did Heritage Financial repurchase in Q2 2026?

Heritage repurchased 372,343 shares of common stock for $10.0 million during the second quarter of 2026. The average price paid per share was $26.88 (calculated as $10.0 million ÷ 372,343 shares).

What is Heritage Financial's current share repurchase plan?

The filing does not disclose the original authorization amount, remaining balance, or authorization date for the company's current share repurchase plan. This Q2 2026 execution was conducted under an existing plan, but specific authorization details are not provided in this filing.

How did the buyback impact Heritage's shareholder count?

The repurchase reduced common shares outstanding from 41.2 million at March 31, 2026 to 40.9 million at June 30, 2026—a reduction of approximately 343,000 shares or 0.8%. This modest reduction offsets some shareholder dilution from ongoing stock-based compensation plans.

Why is Heritage conducting buybacks while integrating Olympic Bancorp?

Banks typically balance capital returns (buybacks and dividends) with the need to maintain well-capitalized regulatory ratios. Heritage maintained strong capital ratios (Common Equity Tier 1 at 12.1%, Tier 1 at 12.5%) while executing both a $10M buyback and paying $0.24 per share in dividends in Q2 2026, indicating confident capital management.

What was the execution mechanism for this buyback?

The filing does not specify whether the shares were repurchased under Rule 10b-18 open-market purchases, a 10b5-1 trading plan, or another mechanism. This level of detail is not disclosed in the 8-K filing.

How does this buyback relate to Heritage's dividend policy?

In Q2 2026, Heritage declared a $0.24 dividend per share ($9.8 million in aggregate) and executed a $10.0 million buyback, for total shareholder distributions of approximately $19.8 million. On July 22, 2026, the board increased the quarterly dividend to $0.25 per share, signaling confidence in earnings sustainability post-acquisition.

HFWA 8-K Filed 2026-07-23 Execution disclosure

Heritage Financial repurchased 372K shares at $26.88 average in Q2

Bank executed $10M buyback during second quarter 2026 under existing repurchase plan.

Shares repurchased372K

Avg price paid$26.88

MechanismNot specified

What the filing says

Heritage Financial Corporation (Nasdaq: HFWA) repurchased 372,343 shares of common stock for an aggregate purchase price of $10.0 million during the second quarter of 2026, according to the company's earnings disclosure filed July 23, 2026. The buyback was executed under the company's current share repurchase plan.

The repurchase reduced total stockholders' equity by $10.1 million in the quarter, as shown in the Stockholders' Equity reconciliation table. The execution represents a modest capital return to shareholders, executed via open-market purchases under the company's existing authorization. The filing does not specify the execution mechanism (Rule 10b-18, 10b5-1 plan, or other), nor does it disclose the remaining balance of the authorization.

The buyback occurred in the context of the company's first full quarter following its January 31, 2026 acquisition of Olympic Bancorp, Inc., which significantly expanded total assets to $8.4 billion as of June 30, 2026. The company also declared a regular quarterly cash dividend of $0.25 per share on July 22, 2026, representing a 4.2% increase from the prior quarter dividend.

This decrease was partially due to the repurchase of 372,343 shares of the Company's common stock, for an aggregate purchase price of $10.0 million, under the Company's current share repurchase plan. — HERITAGE FINANCIAL CORP /WA/ 8-K filing · View on SEC EDGAR →

What this means

Heritage's Q2 2026 buyback of $10 million (372,343 shares at $26.88 average) represents a modest capital return during a period of significant integration activity following the Olympic Bancorp acquisition. With 40.9 million shares outstanding at quarter-end, the repurchase reduced share count by approximately 0.9%, a marginal dilution offset. The company maintained well-capitalized regulatory ratios and paid out $0.24 per share in dividends during the quarter (later increased to $0.25). The filing discloses no new authorization and does not specify remaining authorization balance, indicating reliance on an existing, previously-approved repurchase plan. This execution occurred within normal capital management practices for a regional bank integrating a significant acquisition.

Frequently asked questions

How many shares did Heritage Financial repurchase in Q2 2026?: Heritage repurchased 372,343 shares of common stock for $10.0 million during the second quarter of 2026. The average price paid per share was $26.88 (calculated as $10.0 million ÷ 372,343 shares).
What is Heritage Financial's current share repurchase plan?: The filing does not disclose the original authorization amount, remaining balance, or authorization date for the company's current share repurchase plan. This Q2 2026 execution was conducted under an existing plan, but specific authorization details are not provided in this filing.
How did the buyback impact Heritage's shareholder count?: The repurchase reduced common shares outstanding from 41.2 million at March 31, 2026 to 40.9 million at June 30, 2026—a reduction of approximately 343,000 shares or 0.8%. This modest reduction offsets some shareholder dilution from ongoing stock-based compensation plans.
Why is Heritage conducting buybacks while integrating Olympic Bancorp?: Banks typically balance capital returns (buybacks and dividends) with the need to maintain well-capitalized regulatory ratios. Heritage maintained strong capital ratios (Common Equity Tier 1 at 12.1%, Tier 1 at 12.5%) while executing both a $10M buyback and paying $0.24 per share in dividends in Q2 2026, indicating confident capital management.
What was the execution mechanism for this buyback?: The filing does not specify whether the shares were repurchased under Rule 10b-18 open-market purchases, a 10b5-1 trading plan, or another mechanism. This level of detail is not disclosed in the 8-K filing.
How does this buyback relate to Heritage's dividend policy?: In Q2 2026, Heritage declared a $0.24 dividend per share ($9.8 million in aggregate) and executed a $10.0 million buyback, for total shareholder distributions of approximately $19.8 million. On July 22, 2026, the board increased the quarterly dividend to $0.25 per share, signaling confidence in earnings sustainability post-acquisition.

execution regional-bank second-quarter-2026 merger-integration capital-return

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.