$26.69
-2.7%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.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Neutral working capital impact. Changes in current assets and liabilities balanced out.
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
HFWA โข NASDAQ
| Heritage Financial Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
67.5M | 43.3M | 61.8M | 81.9M | 98M | 46.6M | 67.6M | 53.1M | 41.8M | 38.9M | 37.5M | 21M | 9.6M | 13.3M | 6.5M | 13.4M | 581K | 6.4M | 10.7M | 10.5M | |
2.1M | 3.2M | 5.6M | 3.1M | -18.6M | -87K | 18.1M | 21.4M | 12M | 14.1M | 16.1M | 14.8M | 6M | 4.7M | 2.6M | 2.3M | 1.2M | 1.2M | 1.6M | 1.7M | |
-17.9M | -15.3M | -13.2M | 871K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.6M | -2.8M | -7.5M | 4.5M | -4.4M | -2.5M | -412K | -834K | |
4.9M | 4.3M | 4.3M | 3.8M | 3.7M | 3.6M | 3.2M | 2.7M | 2.1M | 1.8M | 1.6M | 1.4M | 1.3M | 1.3M | 1M | 204K | 143K | 178K | 288K | 0.0 | |
38.2M | 24.6M | 51M | 4.8M | -13.5M | 31.4M | -3.2M | 3M | 7M | 0.0 | 0.0 | 0.0 | 4.5M | 5.3M | 21.9M | 926K | 19.7M | 9.7M | 473K | 1.7M | |
(2.7M) | (1.5M) | (3M) | (5M) | (9.9M) | (13.4M) | (7.5M) | (5.6M) | (2M) | (11.5M) | (15.3M) | -9.8M | (3.6M) | (10.7M) | (10M) | (1.5M) | (4.9M) | (4.5M) | (5.1M) | (0.0) | |
0.0 | 4.4M | 0.0 | 0.0 | 0.0 | -11.2M | 6.8M | 10.2M | 10.6M | 725K | -1.9M | 11.5M | 9.6M | 6.1M | -3.7M | 5.8M | -7.4M | 525K | 545K | -2.5M | |
94.8M | 64.5M | 109.5M | 94.5M | 69.5M | 70.3M | 92.5M | 90.4M | 73.5M | 54M | 51.4M | 51.3M | 30.9M | 27.9M | 20.9M | 27.1M | 9.9M | 15.5M | 13.2M | 10.5M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-9.2M | -3.5M | -10.4M | -4M | -3M | -7M | -13M | -23.3M | -3.1M | -6.7M | -1.8M | -3.9M | -5.2M | -3.9M | -3.1M | -6.9M | -2M | -2.2M | -728K | -1.4M | |
(0.0) | (0.0) | -13.8M | (0.0) | (0.0) | (0.0) | (0.0) | (106M) | -206.3M | -234.9M | -150.1M | (32.1M) | (18.3M) | (0.0) | (0.0) | (196.6M) | (0.0) | -33.4M | (0.0) | -2M | |
-88.2M | -33.1M | -178.4M | -1.2B | -756.4M | -152.6M | -242.8M | -342.1M | -149.9M | -267.7M | -286M | -369.2M | -46.8M | -61.7M | -51.6M | -16M | -77.3M | -25M | -6.6M | -1.7M | |
295.5M | 439.4M | 424.6M | 240.2M | 266.8M | 319.3M | 286.3M | 248.6M | 129.9M | 269.8M | 241.9M | 223.9M | 51.4M | 61.8M | 35.6M | 28.5M | 15.7M | 19.8M | 10.3M | 9.8M | |
-11.4M | -488.7M | -315.5M | -240.2M | 656.4M | -698.2M | -155.8M | -98.7M | -218.3M | -248.3M | -170.7M | -4.5M | -34.2M | 332K | 0.0 | 41.6M | 29.6M | -33.8M | 0.0 | -56.1M | |
(186.8M) | -85.9M | -93.4M | -1.2B | (163.8M) | -538.5M | -125.3M | -109.6M | -241.4M | -252.9M | -216.6M | -121.6M | -16.6M | -3.5M | -61.8M | (243.8M) | -34M | -41.1M | -26.7M | -51.4M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-5.5M | -22.4M | -7M | -3.2M | -22.9M | -19.1M | -8.6M | -1.7M | -737K | -2.9M | -7.7M | -2.6M | -8.8M | -6M | -2.3M | 54.1M | 46.6M | 0.0 | -1.4M | 396K | |
-363M | -117M | 500M | 0.0 | 0.0 | 0.0 | 0.0 | -108.5M | 12.9M | 79.6M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -17.5M | 0.0 | -16.9M | -23.6M | -1.3M | |
-32.6M | -31.8M | -30.8M | -29.5M | -28.9M | -28.9M | -30.9M | -25.8M | -18.3M | -21.6M | -15.9M | -12.9M | -6.7M | -12.2M | -5.9M | -1.2M | -1.9M | -3.7M | -5.6M | -5.1M | |
-5.5M | -22.4M | -7M | -3.2M | -22.9M | -19.1M | -8.6M | -1.7M | -737K | -2.9M | -7.7M | -2.6M | -8.8M | -6M | -2.3M | (0.0) | (0.0) | (0.0) | -1.4M | (0.0) | |
235.6M | 84.7M | -356.9M | -473.7M | 798.5M | 1B | 139M | 214.1M | 173.3M | 120.9M | 193.9M | 77M | 27.3M | -25.1M | 3.4M | -220.5M | 26M | 48.5M | 52M | 45.3M | |
-165.6M | -86.5M | 105.3M | -506.4M | 746.7M | 983M | 99.5M | 78.1M | 167.2M | 176.1M | 170.2M | 61.5M | 11.8M | -43.3M | -4.8M | -209.1M | 70.8M | 51.8M | 21.5M | 39.3M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
116M | -107.9M | 121.4M | -1.6B | 980M | 514.8M | 66.7M | 58.9M | -730K | -22.9M | 5M | -8.8M | 26.1M | -18.9M | -45.7M | 61.8M | 46.6M | 26.2M | 8M | -1.6M | |
117.1M | 225M | 103.6M | 1.7B | 743.3M | 228.6M | 161.9M | 103M | 103.7M | 126.6M | 121.6M | 130.4M | 104.3M | 123.2M | 168.9M | 107.2M | 60.6M | 34.5M | 26.4M | 28M | |
233.1M | 117.1M | 225M | 103.6M | 1.7B | 743.3M | 228.6M | 161.9M | 103M | 103.7M | 126.6M | 121.6M | 130.4M | 104.3M | 123.2M | 169M | 107.2M | 60.6M | 34.5M | 26.4M | |
85.7M | 61M | 99.1M | 90.4M | 66.5M | 63.3M | 79.4M | 67.1M | 70.5M | 47.3M | 49.6M | 47.4M | 25.7M | 24M | 17.7M | 20.2M | 7.9M | 13.3M | 12.5M | 9.2M |
HFWA - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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