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Heritage Financial HFWA Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$77.9MMiss by $2.6M
EPS$0.59Beat by $0.02
Revenue estimate$80.5M
EPS estimate$0.57

Next report

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

Financials

Q1 2026

Income statement

See full
Revenue$77.9M+35.3%
Net income$18.9M+36.2%
EPS (diluted)$0.48+20.0%

Balance sheet

See full
Cash & equivalents$268.1M+7.8%
Total debt$20.0M-92.4%
Total equity$1.1B+26.6%
Total assets$8.5B+19.2%

Cash flow

See full
Operating cash flow$14.0M-27.4%
CapEx$1.3M+11.2%
Free cash flow$12.7M-29.9%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$1.07B+29.3%
Enterprise value$821.27M-2.5%
P/E14.7×-1.3×
P/S4×+0.4×

Profitability

See full
Net margin27.2%+4.5pp
FCF margin30.1%+0.4pp

Returns & leverage

See full
Return on equity7.3%+1.3pp
Debt / equity0×-0.3×

Segments

By product

See full
Service charges and other fees$3.4M+13.2%
Card revenue$2.1M+21.4%

Versus estimates

Revenue

Q2 2026$84.1MMiss by $2.2M
Q1 2026$77.9MMiss by $2.6M
Q4 2025$66.3MBeat by $252.2KQ3 2025$65.7MMiss by $513.0KQ2 2025$56.5MMiss by $8.9MQ1 2025$57.6MMiss by $4.2M

Diluted EPS

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

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Questions, answered.

When did Heritage Financial report Q1 2026 earnings?
Heritage Financial (HFWA) reported Q1 2026 earnings on April 23, 2026 before market open.
What were Heritage Financial's Q1 2026 revenue and EPS?
Heritage Financial reported revenue of $77.9M and eps of $0.59 for Q1 2026.
Did Heritage Financial beat estimates in Q1 2026?
Revenue missed the consensus estimate of $80.5M by $2.6M. EPS beat the consensus estimate of $0.57 by $0.02.
How did Heritage Financial's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 35.3% from $57.6M a year earlier and eps grew 20.4% from $0.49.
Where can I find Heritage Financial's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-026904) and the 10-Q periodic report (0001628280-26-032682) directly on SEC EDGAR. The filing index links above go to sec.gov.