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Heritage Financial HFWA Q2 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$84.1MMiss by $2.2M
EPS$0.57Beat by $0.12
Revenue estimate$86.3M
EPS estimate$0.45
“We are pleased with the continued improvement in our net interest margin and our strong credit quality metrics. Although loan growth was muted by higher prepayments in the second quarter, we saw strong loan origination and continue to maintain a solid loan pipeline. As our fixed rate loans reprice to higher yields, we expect that our net interest margin will continue to improve. The increase in net interest margin, as well as the expected cost savings from the acquisition, provides optimism for enhanced future earnings.”
Bryan McDonald

Next report

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

Financials

Q2 2026

Income statement

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

Balance sheet

See full
Cash & equivalents$204.4M-19.6%
Total debt$166.3M-36.8%
Total equity$1.1B+24.9%
Total assets$8.4B+19.2%

Cash flow

See full
Operating cash flow$23.1M+2.5%
CapEx$2.0M+24.7%
Free cash flow$21.1M+0.9%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$1.17B+43.0%
Enterprise value$1.13B+36.8%
P/E15×-1.5×
P/S4×+0.4×

Profitability

See full
Net margin26.5%+4.6pp
FCF margin27.3%-9.0pp

Returns & leverage

See full
Return on equity7.8%+2.1pp
Debt / equity0.1×-0.1×

Segments

By product

See full
Service charges and other fees$3.6M+22.5%
Card revenue$2.6M+29.2%

FAQ

When did Heritage Financial report Q2 2026 earnings?
Heritage Financial (HFWA) reported Q2 2026 earnings on July 23, 2026 before market open.
What were Heritage Financial's Q2 2026 revenue and EPS?
Heritage Financial reported revenue of $84.1M and eps of $0.57 for Q2 2026.
Did Heritage Financial beat estimates in Q2 2026?
Revenue missed the consensus estimate of $86.3M by $2.2M. EPS beat the consensus estimate of $0.45 by $0.12.
How did Heritage Financial's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 48.9% from $56.5M a year earlier and eps grew 7.5% from $0.53.
Where can I find Heritage Financial's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-049439) and the 10-Q periodic report (0001628280-26-054673) directly on SEC EDGAR. The filing index links above go to sec.gov.