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+31.0%
5Y+34.0%
10Y+97.0%
3Y-18.0%
5Y+45.0%
10Y+74.0%
3Y-
5Y+35.0%
10Y+76.0%
Heritage Financial Corporation

Heritage Financial Corporation Profit Bridge

HFWA ยท NASDAQ
Revenue335.97M
Cost of Goods Sold (92.61M)
Gross Profit243.35M
Operating Expenses (165.57M)
Operating Income77.79M
Interest Expense (89.83M)
Other Income/Expense814.00K
Pretax Income78.60M
Income Tax (11.07M)
Net Income67.53M
Net Income
67.53M

Profitability Analysis

Gross Margin

72.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

23.2%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

20.1%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

14.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Heritage Financial Corporation Income Statement

HFWA โ€ข NASDAQ

Heritage Financial Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
336M
317.2M
303.1M
257M
247.4M
251.5M
250.3M
231M
183.3M
170.1M
168M
137.5M
80.6M
76.3M
79.8M
69M
62M
65.8M
71M
63.2M
GROSS PROFIT
(92.6M)
(106.6M)
(63.6M)
(6.6M)
-22.3M
(49.4M)
(22.5M)
(17.5M)
(12.6M)
(10.9M)
(10.5M)
(10.3M)
(7.4M)
(6.6M)
(21M)
(20.5M)
(31M)
(26M)
(26.6M)
(20.2M)
243.4M
210.6M
239.5M
250.4M
269.8M
202.1M
227.8M
213.5M
170.7M
159.2M
157.5M
127.3M
73.2M
69.8M
58.8M
48.5M
31M
39.7M
44.4M
43M
OPERATING INCOME
(165.6M)
(158.3M)
(166.6M)
(151M)
(149.3M)
(148.9M)
(146.8M)
(149.2M)
(110.6M)
(106.5M)
(106.2M)
(99.3M)
(59.1M)
(50.3M)
(49.6M)
(28.8M)
(30.9M)
(30.4M)
(28.3M)
(27.1M)
(121.1M)
(102.8M)
(105.3M)
(95.8M)
(93M)
(93M)
(104.8M)
(101.4M)
(76.8M)
(73.2M)
(70.9M)
(66.1M)
(39M)
(34.1M)
(32.7M)
(25M)
(18.5M)
(17.4M)
(17.2M)
(15M)
77.8M
52.3M
72.9M
99.4M
120.5M
53.2M
81M
64.3M
60.1M
52.7M
51.3M
27.9M
14.2M
19.4M
9.2M
19.8M
78K
9.3M
16.1M
15.9M
PRE-TAX INCOME
(89.8M)
(100.3M)
(59.3M)
(8.1M)
(7M)
(13.3M)
(18.2M)
(12.4M)
(8.3M)
(6M)
(6.1M)
(5.7M)
(3.7M)
(4.5M)
(6.6M)
(8.5M)
(11.6M)
(18.6M)
(25.8M)
(19.5M)
224.4M
209.4M
225.2M
219.4M
205.8M
201M
199.7M
187M
139.4M
132.5M
129.6M
115.4M
67.7M
64.6M
67.5M
51M
41.7M
38.3M
36.6M
35.8M
(44.4M)
(55.5M)
(61.3M)
(55.2M)
(56.3M)
(55.9M)
(42M)
(47.8M)
(33.8M)
(33.3M)
(35.3M)
(33.2M)
(20.1M)
(16.2M)
(16.9M)
(3.8M)
(12.3M)
(13M)
(11.1M)
(12.1M)
814K
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
78.6M
52.3M
72.9M
99.4M
120.5M
53.2M
81M
64.3M
60.1M
52.7M
51.3M
27.9M
14.2M
19.4M
9.2M
19.8M
78K
9.3M
16.1M
15.9M
NET INCOME
(11.1M)
(9M)
(11.2M)
(17.6M)
(22.5M)
(6.6M)
(13.5M)
(11.2M)
(18.4M)
(13.8M)
(13.8M)
(6.9M)
(4.6M)
(6.2M)
(2.6M)
(6.4M)
-503K
(3M)
(5.4M)
(5.4M)
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

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