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+35.0%
10Y+76.0%
3Y-115.0%
5Y-135.0%
10Y-174.0%
3Y-67.0%
5Y-117.0%
10Y-194.0%
HFWA

Heritage Financial Corporation Cash Conversion Engine

HFWA ยท NASDAQ
Net Income67.53M
Depreciation & Amortization2.13M
Stock-Based Compensation4.94M
Change in Working Capital0.00
Others38.15M
Capital Expenditures-9.16M
Free Cash Flow85.66M

Cash Flow Quality Analysis

FCF Conversion Rate

126.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

9.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+40.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Heritage Financial Corporation Cash Flow Statement

HFWA โ€ข NASDAQ

Heritage Financial Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 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

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