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Heritage Financial HFWA Q1 2025 earnings

Reported April 24, 2025 · Before market open

Revenue$57.6MMiss by $4.2M
EPS$0.49Beat by $0.04
Revenue estimate$61.8M
EPS estimate$0.45

Next report

Oct 22, 2026 (in a month)
Revenue estimate$86.1M
EPS estimate$0.49

Financials

Q1 2025

Income statement

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Revenue$57.6M+18.4%
Net income$13.9M+142%
EPS (diluted)$0.40+150%

Balance sheet

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Cash & equivalents$248.7M+31.1%
Total debt$264.4M-47.1%
Total equity$881.5M+4.0%
Total assets$7.1B+0.5%

Cash flow

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Operating cash flow$19.3M+49.3%
CapEx$1.2M+31.2%
Free cash flow$18.1M+50.6%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$827M+23.1%
Enterprise value$842.74M-14.2%
P/E16.1×+1.8×
P/S3.7×+0.7×

Profitability

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Net margin22.8%+1.8pp
FCF margin29.7%-11.5pp

Returns & leverage

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Return on equity5.9%+0.3pp
Debt / equity0.3×-0.3×

Segments

By product

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Service charges and other fees$3.0M+6.7%
Card revenue$1.7M-5.8%

FAQ

When did Heritage Financial report Q1 2025 earnings?
Heritage Financial (HFWA) reported Q1 2025 earnings on April 24, 2025 before market open.
What were Heritage Financial's Q1 2025 revenue and EPS?
Heritage Financial reported revenue of $57.6M and eps of $0.49 for Q1 2025.
Did Heritage Financial beat estimates in Q1 2025?
Revenue missed the consensus estimate of $61.8M by $4.2M. EPS beat the consensus estimate of $0.45 by $0.04.
How did Heritage Financial's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 19.4% from $71.5M a year earlier and eps grew 22.5% from $0.40.
Where can I find Heritage Financial's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001046025-25-000082) and the 10-Q periodic report (0001046025-25-000105) directly on SEC EDGAR. The filing index links above go to sec.gov.