20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Heritage Financial Corporation (HFWA) operates in the BANKS - REGIONAL industry and is headquartered in Olympia, United States with about 976 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, HFWA reported $336M in revenue and $68M in net income.
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $336M | $336M | $317M | $303M | $257M | $247M | $252M | $250M | $231M | $183M | $170M | $168M | $138M | $81M | $76M | $80M | $69M | $62M | $66M | $71M | $63M |
| Gross Profit | $251M | $243M | $211M | $240M | $250M | $270M | $202M | $228M | $213M | $171M | $159M | $158M | $127M | $73M | $70M | $59M | $49M | $31M | $40M | $44M | $43M |
| Gross Margin % | 74.7% | 72.4% | 66.4% | 79.0% | 97.4% | 109.0% | 80.3% | 91.0% | 92.4% | 93.1% | 93.6% | 93.8% | 92.5% | 90.8% | 91.4% | 73.7% | 70.3% | 50.0% | 60.4% | 62.5% | 68.1% |
| Operating Income (EBIT) | $47M | $78M | $52M | $73M | $99M | $121M | $53M | $81M | $64M | $60M | $53M | $51M | $28M | $14M | $19M | $9M | $20M | $0M | $9M | $16M | $16M |
| Operating Margin % | 14.0% | 23.2% | 16.5% | 24.1% | 38.7% | 48.7% | 21.1% | 32.4% | 27.8% | 32.8% | 31.0% | 30.5% | 20.3% | 17.6% | 25.5% | 11.5% | 28.7% | 0.1% | 14.2% | 22.7% | 25.2% |
| Net Income | $78M | $68M | $43M | $62M | $82M | $98M | $47M | $68M | $53M | $42M | $39M | $37M | $21M | $10M | $13M | $7M | $13M | $1M | $6M | $11M | $11M |
| Net Margin % | 23.2% | 20.1% | 13.6% | 20.4% | 31.9% | 39.6% | 18.5% | 27.0% | 23.0% | 22.8% | 22.9% | 22.3% | 15.3% | 11.9% | 17.4% | 8.2% | 19.3% | 0.9% | 9.7% | 15.1% | 16.7% |
| EBITDA | $49M | $80M | $55M | $79M | $103M | $102M | $53M | $99M | $86M | $72M | $67M | $67M | $43M | $20M | $24M | $12M | $22M | $1M | $11M | $18M | $18M |
| Earnings Per Share (EPS) | $2.12 | $1.96 | $1.24 | $1.75 | $2.31 | $2.73 | $1.29 | $1.83 | $1.50 | $1.40 | $1.31 | $1.26 | $0.82 | $0.62 | $0.88 | $0.42 | $1.20 | $0.12 | $0.96 | $1.61 | $1.60 |
| Shares Outstanding (M) | 40M | 34M | 35M | 35M | 35M | 36M | 36M | 37M | 35M | 30M | 30M | 30M | 25M | 15M | 15M | 15M | 11M | 8M | 7M | 7M | 7M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $62M | $99M | $87M | $88M | $80M | $81M | $82M | $82M |
| Gross Profit | $42M | $79M | $66M | $64M | $56M | $58M | $56M | $52M |
| Gross Margin % | 67.2% | 79.4% | 76.4% | 72.8% | 69.4% | 70.8% | 67.9% | 64.1% |
| Operating Income (EBIT) | ($22M) | $22M | $25M | $22M | $14M | $16M | $16M | $13M |
| Operating Margin % | -36.0% | 22.5% | 28.6% | 25.4% | 18.1% | 19.9% | 19.9% | 16.0% |
| Net Income | $18M | $19M | $22M | $19M | $12M | $14M | $12M | $11M |
| Net Margin % | 28.2% | 19.1% | 25.6% | 21.8% | 15.3% | 17.1% | 14.5% | 14.0% |
| EBITDA | ($22M) | $23M | $25M | $23M | $15M | $17M | $17M | $14M |
| Earnings Per Share (EPS) | $0.43 | $0.48 | $0.65 | $0.56 | $0.35 | $0.40 | $0.35 | $0.33 |
| Shares Outstanding (M) | 40M | 39M | 34M | 34M | 35M | 35M | 35M | 35M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $90M | $95M | $64M | $110M | $94M | $70M | $70M | $88M | $90M | $74M | $54M | $51M | $51M | $31M | $28M | $21M | $27M | $10M | $15M | $13M | $11M |
| Capital Expenditures (CapEx) | $9M | $9M | $3M | $10M | $4M | $3M | $7M | $13M | $23M | $3M | $7M | $2M | $4M | $5M | $4M | $3M | $7M | $2M | $2M | $1M | $1M |
| Free Cash Flow (FCF) | $81M | $86M | $61M | $99M | $90M | $67M | $63M | $75M | $67M | $70M | $47M | $50M | $47M | $26M | $24M | $18M | $20M | $8M | $13M | $12M | $9M |
| FCF Margin % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends Paid | $34M | $33M | $32M | $31M | $29M | $29M | $29M | $31M | $26M | $18M | $22M | $16M | $13M | $7M | $12M | $6M | $1M | $2M | $4M | $6M | $5M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $23M | $14M | $28M | $25M | $23M | $19M | $21M | $24M |
| Capital Expenditures (CapEx) | $1M | $1M | $6M | $1M | $2M | $1M | $1M | $1M |
| Free Cash Flow (FCF) | $22M | $13M | $22M | $24M | $21M | $18M | $20M | $23M |
| FCF Margin % | — | — | — | — | — | — | — | — |
| Dividends Paid | $10M | $8M | $8M | $8M | $8M | $8M | $8M | $8M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.4B | $7.0B | $7.1B | $7.2B | $7.0B | $7.4B | $6.6B | $5.6B | $5.3B | $4.1B | $3.9B | $3.7B | $3.5B | $1.7B | $1.3B | $1.4B | $1.4B | $1.0B | $946M | $886M | $853M |
| Cash & Cash Equivalents | $103M | $53M | $117M | $225M | $104M | $1.7B | $743M | $229M | $162M | $103M | $104M | $133M | $132M | $146M | $107M | $124M | $167M | $107M | $61M | $34M | $26M |
| Total Liabilities | $7.3B | $6.0B | $6.2B | $6.3B | $21M | $21M | $21M | $21M | $20M | $113M | $99M | $19M | $19M | $1.4B | $1.1B | $1.2B | $1.2B | $856M | $833M | $801M | $774M |
| Total Debt (Short + Long-Term) | $355M | $62M | $405M | $527M | $73M | $77M | $60M | $46M | $52M | $144M | $121M | $63M | $70M | $29M | $16M | $23M | $19M | $10M | $0M | $3M | $3M |
| Total Shareholders' Equity | $1.1B | $922M | $864M | $853M | $7.0B | $7.4B | $6.6B | $5.5B | $5.3B | $4.0B | $3.8B | $3.6B | $3.4B | $216M | $199M | $203M | $202M | $158M | $113M | $85M | $79M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive HFWA viewer.
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