 OLYMPIA, Wash. AP _ Heritage Financial Corp. HFWA on Thursday reported first-quarter net income of 12.2 million. The Olympia, Washington-based company said it had profit of 33 cents per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. The bank holding company posted revenue of 62.6 million in the period. Its adjusted revenue was 58 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected 55.5 million. Heritage Financial shares have dropped 22 since the beginning of the year. The stock has decreased 28 in the last 12 months. ___ This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on HFWA at 