HFWA · Heritage Financial Corp /Wa/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $22.40M | - | $22.31M | $14.46M | $16.16M | - | $13.07M | $15.99M | $6.87M | - |
| Interest Expense | - | - | - | - | - | - | - | $25.47M | $22.82M | - |
| Income Tax | $3.45M | - | $3.14M | $2.24M | $2.25M | - | $1.64M | $1.84M | $1.12M | - |
| Net Income | $18.95M | - | $19.17M | $12.21M | $13.91M | - | $11.42M | $14.16M | $5.75M | - |
| EPS - Basic | $0.49 | - | $0.56 | $0.36 | $0.41 | - | $0.33 | $0.41 | $0.17 | - |
| EPS - Diluted | $0.48 | - | $0.55 | $0.36 | $0.40 | - | $0.33 | $0.41 | $0.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $268.14M | $233.09M | $245.49M | $254.10M | $248.66M | $117.10M | $175.57M | $113.76M | $189.65M | $224.97M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $8.50B | $6.97B | $7.01B | $7.07B | $7.13B | $7.11B | $7.15B | $7.06B | $7.09B | $7.17B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $7.38B | $6.05B | $6.11B | $6.18B | $6.25B | $6.24B | $6.28B | $6.21B | $6.24B | $6.32B |
| Stockholders' Equity | $1.12B | $921.50M | $904.06M | $888.21M | $881.51M | $863.53M | $874.51M | $850.51M | $847.58M | $853.26M |
| Retained Earnings | $432.25M | $421.62M | $407.56M | $396.64M | $392.74M | $387.10M | $383.13M | $379.71M | $373.63M | $375.99M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.97M | - | - | - | $19.25M | - | - | - | $12.90M | - |
| Investing Cash Flow | $90.85M | - | - | - | $79.18M | - | - | - | $33.47M | - |
| Financing Cash Flow | ($69.77M) | - | - | - | $33.13M | - | - | - | ($81.69M) | - |
| CapEx | $1.30M | - | - | - | $1.17M | - | - | - | $893.0K | - |
| Free Cash Flow | $12.67M | - | - | - | $18.08M | - | - | - | $12.01M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.67 | - | - | - | 1.30 | - | - | - | 2.09 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 15.4% | - | 14.1% | 15.5% | 13.9% | - | 12.6% | 11.5% | 16.3% | - |
| Return on assets | 0.2% | - | 0.3% | 0.2% | 0.2% | - | 0.2% | 0.2% | 0.1% | - |
| Return on equity | 1.7% | - | 2.1% | 1.4% | 1.6% | - | 1.3% | 1.7% | 0.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | 0.6x | 0.3x | - |
| Equity multiplier | 7.62 | 7.56 | 7.76 | 7.96 | 8.09 | 8.23 | 8.18 | 8.30 | 8.37 | 8.41 |
| Liabilities / Assets | 0.87 | 0.87 | 0.87 | 0.87 | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 54.2x | - | 44.0x | 66.2x | 60.8x | - | 66.0x | 44.0x | 121.2x | - |
| P / B | 0.9x | - | 0.9x | 0.9x | 1.0x | - | 0.9x | 0.7x | 0.8x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 38.6% | - | 70.7% | -9.6% | 135.3% | - | -40.1% | -19.5% | -72.2% | - |
| Net income growth (YoY) | 36.2% | - | 67.8% | -13.7% | 142.0% | - | -37.3% | -16.0% | -71.9% | - |
| EPS growth (YoY) | 20.0% | - | 66.7% | -12.2% | 150.0% | - | -35.3% | -14.6% | -72.4% | - |
| EPS CAGR (3y) | -6.1% | - | -2.3% | -11.5% | -10.6% | - | -17.1% | -23.1% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -7.2% | -0.9% | -18.7% | - |
| FCF growth (YoY) | -29.9% | - | - | - | 50.6% | - | - | - | -35.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | -10.0% | - |
| Book value growth (YoY) | 26.6% | 6.7% | 3.4% | 4.4% | 4.0% | 1.2% | 7.5% | 3.8% | 2.6% | 6.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$19.75M totalDeposit Account$12.01M · 60.8%
Credit And Debit Card$7.74M · 39.2%
Peer comparison
Same SIC group: Savings Institutions, Not Federally Chartered
Comparing HERITAGE FINANCIAL CORP /WA/ against the 5 most active filers in the same SIC group.
Dividends
$0.96/share trailing 12 months · +2.1% YoY
| Ex-date | Per share |
|---|---|
| May 6, 2026 | $0.2400 |
| Jan 28, 2026 | $0.2400 |
| Nov 5, 2025 | $0.2400 |
| Aug 6, 2025 | $0.2400 |
| May 7, 2025 | $0.2400 |
| Feb 6, 2025 | $0.2400 |
| Nov 6, 2024 | $0.2300 |
| Aug 7, 2024 | $0.2300 |
| May 7, 2024 | $0.2300 |
| Feb 7, 2024 | $0.2300 |
| Oct 31, 2023 | $0.2200 |
| Aug 1, 2023 | $0.2200 |
| May 3, 2023 | $0.2200 |
| Feb 7, 2023 | $0.2200 |
| Nov 1, 2022 | $0.2100 |
| Aug 2, 2022 | $0.2100 |
| May 3, 2022 | $0.2100 |
| Feb 8, 2022 | $0.2100 |
| Nov 2, 2021 | $0.2100 |
| Aug 3, 2021 | $0.2000 |
| May 4, 2021 | $0.2000 |
| Feb 9, 2021 | $0.2000 |
| Nov 3, 2020 | $0.2000 |
| Aug 4, 2020 | $0.2000 |