Skip to content
OpenCapital
Get started

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 3 months)
Revenue estimate$86.1M
EPS estimate$0.59

Financials

Q1 2025

Income statement

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

Balance sheet

See full
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

See full
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
See full
Market cap$827M+23.1%
Enterprise value$842.74M-14.2%
P/E16.1×+1.8×
P/S3.7×+0.7×

Profitability

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

Returns & leverage

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

Segments

By product

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

Versus estimates

Revenue

Q2 2026$84.1MMiss by $2.2MQ1 2026$77.9MMiss by $2.6MQ4 2025$66.3MBeat by $252.2KQ3 2025$65.7MMiss by $513.0KQ2 2025$56.5MMiss by $8.9M
Q1 2025$57.6MMiss by $4.2M

Diluted EPS

Q2 2026$0.57Beat by $0.12Q1 2026$0.59Beat by $0.02Q4 2025$0.66Beat by $0.09Q3 2025$0.56Beat by $0.01Q2 2025$0.53Beat by $0.03
Q1 2025$0.49Beat by $0.04

Ask the moment Heritage Financial reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

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 10-Q periodic report (0001046025-25-000105) directly on SEC EDGAR. The filing index links above go to sec.gov.