Heritage Financial Corporation

Heritage Financial Corporation

HFWAยทNASDAQ

$26.69

-2.7%
Financial ServicesBanks - Regional

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

At a Glance

Live Snapshot
Market Cap$907.39M
EPS1.9900
P/E Ratio13.41
Earnings Date07/23/2026
3Y-
5Y+5.0%
10Y+80.0%
3Y-2.0%
5Y+4.0%
10Y+78.0%
3Y+15.0%
5Y+12.0%
10Y+91.0%
hfwa

Heritage Financial Corporation Funding & Solvency Profile

HFWA ยท NASDAQ
Cash & Cash Equivalents52.59M
Net Receivables4.75B
Inventory0.00
Other Current Assets0.00
Total Current Assets5 B
Property, Plant & Equipment74.69M
Goodwill & Intangible Assets242.92M
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets75 M
Total Assets
6.97B

Financial Health Analysis

Current Ratio

1.18x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

6.56x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

830 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

78% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Heritage Financial Corporation Balance Sheet

HFWA โ€ข NASDAQ

Heritage Financial Corporation Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
52.6M
117.1M
225M
103.6M
1.7B
743.3M
228.6M
161.9M
103M
103.7M
133.4M
131.8M
146.1M
107.1M
123.8M
167M
107.2M
60.6M
34.5M
26.4M
607.5M
764.4M
1.1B
1.3B
894.3M
802.2M
952.3M
976.1M
810.5M
794.6M
811.9M
742.8M
163.1M
144.3M
144.6M
0.0
0.0
0.0
0.0
0.0
660.1M
881.5M
1.4B
1.4B
2.6B
1.5B
1.2B
1.1B
913.5M
898.4M
945.2M
874.6M
309.2M
251.4M
268.4M
167M
107.2M
60.6M
34.5M
26.4M
4.7B
19.5M
19.5M
18.5M
14.7M
19.4M
14.4M
15.4M
12.2M
10.9M
10.5M
9.8M
5.5M
4.8M
5.1M
4.6M
4M
4.2M
4.4M
4.3M
4.7B
19.5M
19.5M
18.5M
14.7M
19.4M
14.4M
15.4M
12.2M
10.9M
10.5M
9.8M
5.5M
4.8M
5.1M
4.6M
4M
4.2M
4.4M
4.3M
0.0
0.0
0.0
296.2M
183.5M
193.3M
164.1M
98.5M
99.3M
79.4M
58.4M
61.9M
22.9M
22.1M
8.2M
9M
9.2M
4.5M
4.2M
0.0
5.4B
901M
1.4B
1.7B
2.8B
1.8B
1.4B
1.3B
1B
988.7M
1B
946.3M
337.6M
278.3M
281.7M
180.6M
120.4M
69.3M
43M
30.7M
NON-CURRENT ASSETS
74.7M
71.6M
74.9M
76.9M
79.4M
85.5M
87.9M
81.1M
60.3M
63.9M
61.9M
64.9M
34.3M
24.8M
23M
21.8M
16.4M
15.7M
14.8M
15.7M
240.9M
240.9M
240.9M
240.9M
240.9M
240.9M
240.9M
240.9M
119M
119M
119M
119M
29.4M
13M
13M
13M
13M
13M
13M
0.0
2M
3.2M
4.8M
7.2M
10M
13.1M
16.6M
20.6M
6.1M
7.4M
8.8M
10.9M
1.6M
1.1M
1.5M
2M
346K
424K
502K
4.3M
242.9M
244.1M
245.7M
248.2M
250.9M
254M
257.6M
261.6M
125.1M
126.4M
127.8M
129.9M
31M
14.1M
14.5M
15M
13.4M
13.4M
13.5M
13.7M
0.0
5.5B
5B
4.8B
4.2B
4.4B
3.7B
3.6B
2.8B
2.6B
2.4B
2.3B
1.2B
1B
1B
1.1B
797.7M
837.6M
808.9M
782.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
13.8M
11M
4.3M
9.1M
4.5M
2.4M
0.0
0.0
436.7M
448.4M
131M
128.1M
114.2M
110.8M
101.7M
83.4M
78.7M
67M
51.8M
16.9M
4.4M
20.4M
26.7M
57.9M
5.6M
3.4M
10.2M
317.6M
6.2B
5.8B
5.2B
4.6B
4.9B
4.2B
4.1B
3.1B
2.9B
2.6B
2.5B
1.3B
1.1B
1.1B
1.2B
894.4M
876.9M
843M
822.2M
1.2B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7B
7.1B
7.2B
7B
7.4B
6.6B
5.6B
5.3B
4.1B
3.9B
3.7B
3.5B
1.7B
1.3B
1.4B
1.4B
1B
946.1M
886.1M
852.9M
LIABILITIES
CURRENT LIABILITIES
0.0
0.0
0.0
189.3M
111.7M
140.3M
120.2M
72M
67.6M
46.1M
29.9M
45.7M
14.7M
12.6M
7.3M
10.1M
5.8M
8.5M
7.9M
0.0
20M
0.0
0.0
46.6M
50.8M
35.7M
20.2M
31.5M
31.8M
22.1M
23.2M
32.2M
29.4M
16M
23.1M
19M
10.4M
0.0
2M
0.0
4.6B
5.7B
5.6B
5.9B
6.4B
5.6B
4.6B
4.4B
3.4B
3.2B
3.1B
2.9B
1.4B
1.1B
1.1B
1.1B
840.1M
824.5M
776.3M
725.9M
4.6B
5.7B
5.6B
6.2B
6.6B
5.8B
4.7B
4.5B
3.5B
3.3B
3.2B
3B
1.4B
1.1B
1.2B
1.2B
856.4M
833M
786.1M
725.9M
NON-CURRENT LIABILITIES
22.4M
405.1M
521.8M
21.5M
21.2M
20.9M
20.6M
20.3M
112.5M
99.3M
19.4M
19.1M
0.0
0.0
0.0
0.0
0.0
0.0
15M
40.5M
1.4B
153.1M
200.1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7.8M
1.5B
558.1M
721.8M
21.5M
21.2M
20.9M
20.6M
20.3M
112.5M
99.3M
19.4M
19.1M
0.0
0.0
0.0
0.0
0.0
0.0
15M
48.3M
0.0
0.0
0.0
0.0
0.0
0.0
19.4M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6B
6.2B
6.3B
6.2B
6.6B
5.8B
4.7B
4.6B
3.6B
3.4B
3.2B
3B
1.4B
1.1B
1.2B
1.2B
856.4M
833M
801.1M
774.3M
SHAREHOLDERS' EQUITY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
23.5M
23.4M
0.0
0.0
531.1M
531.7M
549.7M
552.4M
551.8M
571M
586.5M
591.8M
360.6M
359.1M
359.5M
364.7M
138.7M
121.8M
126.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
126.6M
128.4M
73.5M
26.5M
25M
24.1M
421.6M
387.1M
376M
345.3M
293.2M
224.4M
212.5M
176.4M
149M
125.3M
108M
86.4M
78.3M
75.4M
74.3M
73.6M
62M
63.2M
60.8M
55.6M
-31.2M
-55.2M
-72.5M
-99.9M
9.4M
25M
10.4M
-7.5M
-1.3M
-2.6M
2.6M
3.4M
-1.2M
1.7M
1.7M
377K
-233K
352K
-351K
-1.1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-126.7M
-182K
-270K
-358K
-447K
0.0
921.5M
863.5M
853.3M
797.9M
854.4M
820.4M
809.3M
760.7M
508.3M
481.8M
470M
454.5M
215.8M
198.9M
202.5M
202.3M
158.5M
113.1M
85M
78.6M
921.5M
863.5M
853.3M
797.9M
854.4M
820.4M
809.3M
760.7M
508.3M
481.8M
470M
454.5M
215.8M
198.9M
202.5M
202.3M
158.5M
113.1M
85M
78.6M
SUMMARY
7B
7.1B
7.2B
7B
7.4B
6.6B
5.6B
5.3B
4.1B
3.9B
3.7B
3.5B
1.7B
1.3B
1.4B
1.4B
1B
946.1M
886.1M
852.9M
607.5M
6.2B
6.2B
6.1B
5.1B
5.2B
4.7B
4.6B
3.6B
3.4B
3.2B
3B
1.4B
1.2B
1.2B
1.1B
797.7M
837.6M
808.9M
782.6M
42.4M
405.1M
521.8M
68.1M
72M
56.6M
40.8M
51.8M
144.3M
121.4M
42.6M
51.3M
29.4M
16M
23.1M
19M
10.4M
0.0
16.9M
40.5M
-10.2M
288M
296.8M
-35.5M
-1.7B
-686.8M
-187.8M
-110.1M
41.3M
17.7M
-90.7M
-80.5M
-116.6M
-91.1M
-100.7M
-148M
-96.8M
-60.6M
-17.5M
14.1M
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496
33,954,496

SEC Filings

HFWA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 08, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
8-K/A

8-K/A 2026 (Amended)

N/A

April 10, 2026
February 02, 2026
2026
8-K

8-K 2026

N/A

March 23, 2026
March 20, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 20, 2026
March 20, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 02, 2026
January 31, 2026
2026
8-K

8-K 2026

N/A

January 22, 2026
January 22, 2026
2026
8-K

8-K 2026

N/A

January 22, 2026
January 21, 2026
2026
Showing 1 to 10 of 435 filings