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Heritage Financial

HFWA

Heritage Financial Corp is a bank holding company that operates primarily through its subsidiary, Heritage Bank, providing full-service commercial and retail banking in the Pacific Northwest.

Market cap
$1.22B+58.4%
Revenue$294.1M+30.2%
Net income$77.9M+57.4%
EPS (diluted)$2.10+46.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$86.1M
EPS estimate$0.59

Financials

Q2 2026

Income statement

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Revenue$84.1M+48.9%
Net income$17.5M+43.6%
EPS (diluted)$0.42+16.7%

Balance sheet

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Cash & equivalents$204.4M-19.6%
Total equity$1.1B+24.9%
Total assets$8.4B+19.2%

Valuation & ratios

Valuation

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Market cap$1.22B+58.4%
P/E15.7×-0.3×
P/S4.2×+0.6×

Profitability

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Net margin26.5%+4.6pp

Returns & leverage

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Return on equity7.8%+2.1pp

Competitors

Profile

Heritage Financial Corp is a bank holding company that operates primarily through its subsidiary, Heritage Bank, providing full-service commercial and retail banking in the Pacific Northwest. The company focuses on relationship-based banking, specializing in commercial lending and deposit services for small and medium-sized businesses. Its core value proposition centers on local community investment, asset quality, and a strong capital position to support regional economic growth.

Competitive position

A leading commercial community bank in the Pacific Northwest with a significant footprint in Washington and Oregon, strengthened by strategic acquisitions.

GeographiesWashington, Oregon, Idaho, United States
Customer segmentsSmall and Medium Enterprises, Retail Consumers, Commercial Real Estate Investors
Business modelInterest Spread, Fee-based Services, Relationship Banking
SuppliersFederal Reserve System, Federal Home Loan Bank (FHLB), FDIC, Technology Service Providers
CustomersSmall Business Owners, Commercial Real Estate Developers, Retail Depositors, Municipalities
Listed1998
Employees799.0
CEOBryan D. McDonald
Websitehf-wa.com
FilingsSEC EDGAR

Questions, answered.

What is Heritage Financial's market cap?
Heritage Financial (HFWA) has a market capitalization of $1.2B and trades on NASDAQ.
What is Heritage Financial's revenue and profitability?
Heritage Financial generated $294.1M in trailing twelve-month revenue with net income of $77.9M, representing a net margin of 26.5%. These figures are based on the Q2 2026 filing.
Who are Heritage Financial's competitors?
Heritage Financial's key competitors include WaFd, Inc., Burke & Herbert Financial Services Corp. Common Stock, Columbia Banking System, Inc., and others. These companies compete in similar markets and product categories.
Who does Heritage Financial partner with?
Heritage Financial's notable partners include MoneyPass, Blanchard, Risk Management Association.
What subsidiaries does Heritage Financial have?
Heritage Financial's subsidiaries include Heritage Bank, Kitsap Bank, Whidbey Island Bank.
Where is Heritage Financial headquartered?
Heritage Financial is headquartered in United States of America and employs approximately 799 people. It has been publicly traded since 1998.