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HFBL stands for Heritage Financial Group, a public savings and loan holding company listed on the Nasdaq stock exchange in the United States.
Heritage Financial Group, Inc. is a Maryland corporation that was organized in 1988. The Company provides a range of retail and commercial banking services through its subsidiary Heritage Bank (the "Bank").
Heritage Bank operates in two primary business segments:
1. Real estate mortgage lending, which includes both residential and commercial lending
2. Retail banking, which includes checking and savings deposit accounts, interest-bearing deposit accounts, time deposits, and credit cards
Heritage Financial Group, headquartered in Olympia, Washington, employs over 700 people in 60 full-service branches across the Pacific Northwest.
Heritage Financial Group, Inc. (HFBL) latest financial statements show total assets of $8.89 billion, deposits of $7.33 billion, and net loans of $6.62 billion.
As of August 15, 2fit, For the three months ended June 30, 2022, net income was $22.7 million, or $0.59 per common share, compared to $20.6 million, or $0.52 per common share, for the corresponding 2021 period. These represent returns on average equity of 9.80% and 8.62% for the second quarters of 2022 and 2021, respectively. Return on average assets (ROAA) for the second quarter of 2022 was 1.30%, compared to 1.11% for the second quarter of 2021.
In terms of growth, Heritage Financial Group, Inc. (NASDAQ: HFBL) has experienced impressive earnings per share (EPS) growth recently. In the third quarter, the company reported an EPS of $0.65, up from $0.55 in the same period a year ago, a 18.2% growth year-over-year.
We may also examine the stock's future growth by examining the expectations for its dividend payouts.
Overall, with assets of $8.89 billion, deposits of $7.33 billion, and net loans of $6.62 billion, Heritage Financial Group, Inc. (HFBL) appears financially stable and robust.
22.7 million dollars were earned in the second quarter, up from $20.6 million in the same period last year. In the second quarter of 2022, 2021, the return on average equity was 9.80 percent, and 8.62 percent, respectively, with a return on assets (ROAA) of 1.30 percent, up from 1.11 percent in the same period the prior year.
Long-term growth rates are predicted to be around the 10% mark, which is a robust outlook for the stock.
Given the fundamentals, investing in Heritage Financial Group, Inc. (NASDAQ: HFBL) could be a great long-term investment opportunity.