Heritage Financial Corporation (NASDAQ:HFWA) Q2 2024 Results Conference Call July 25, 2024 1:00 PM ET
Company Participants
Jeff Deuel - CEO & Director
Don Hinson - Executive VP & CFO
Tony Chalfant - Executive VP & Chief Credit Officer
Bryan McDonald - President
Conference Call Participants
Eric Spector - Raymond James
Jeff Rulis - D.A. Davidson
Matthew Clark - Piper Sandler
Kelly Motta - KBW
Operator
Hello, everyone, and welcome to the Heritage Financial 2024 Q2 Earnings Call. My name is Emily, and I'll be moderating your call today. [Operator Instructions] I will now hand the call over to our host, CEO, Jeff Deuel, to begin. Please go ahead, Jeff.
Jeff Deuel
Thank you, Emily. Welcome and good morning to everyone who called in. For those who may listen later. This is Jeff Deuel, CEO of Heritage Financial. Attending with me are Bryan McDonald, President and CEO of Heritage Bank. Don Hinson, Chief Financial Officer; and Tony Chalfant, Chief Credit Officer.
Our second quarter earnings release went out this morning premarket, and hopefully, you've had an opportunity to review it prior to the call. We have also posted an updated second quarter investor presentation on the Investor Relations portion of our corporate website, which includes more detail on our deposits, our loan portfolio, liquidity and credit quality. We will reference this presentation during the call. Please refer to the forward-looking statements in the press release.
We are pleased with our solid performance in Q2, including active balance sheet management and expense management activities. Although we continue to experience some margin pressure, our strategies are enabling us to protect core earnings, and we expect we will -- they will result in improved profitability as we transition to a more normalized rate environment.
Deposit balances fluctuated during the quarter and focal date