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Heritage Financial HFWA Q1 2024 earnings

Reported April 25, 2024 · Before market open

Revenue$71.5MBeat by $11.6M
EPS$0.40Beat by $0.00
Revenue estimate$59.9M
EPS estimate$0.40

Next report

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

Financials

Q1 2024

Income statement

See full
Revenue$48.6M-28.6%
Net income$5.7M-71.9%
EPS (diluted)$0.16-72.4%

Balance sheet

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Cash & equivalents$189.6M-37.1%
Total debt$500.0M
Total equity$847.6M+2.6%
Total assets$7.1B-2.0%

Cash flow

See full
Operating cash flow$12.9M-44.9%
CapEx$893.0K-80.8%
Free cash flow$12.0M-35.9%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$671.96M-10.6%
Enterprise value$982.32M
P/E14.3×+5.2×
P/S+0.1×

Profitability

See full
Net margin21%-10.6pp
FCF margin41.2%+3.4pp

Returns & leverage

See full
Return on equity5.6%-4.4pp
Debt / equity0.6×

Segments

By product

See full
Service charges and other fees$2.8M+6.3%
Card revenue$1.8M-8.1%

Versus estimates

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Questions, answered.

When did Heritage Financial report Q1 2024 earnings?
Heritage Financial (HFWA) reported Q1 2024 earnings on April 25, 2024 before market open.
What were Heritage Financial's Q1 2024 revenue and EPS?
Heritage Financial reported revenue of $71.5M and eps of $0.40 for Q1 2024.
Did Heritage Financial beat estimates in Q1 2024?
Revenue beat the consensus estimate of $59.9M by $11.6M. EPS beat the consensus estimate of $0.40 by $0.00.
Where can I find Heritage Financial's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001046025-24-000112) directly on SEC EDGAR. The filing index links above go to sec.gov.