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Heritage Financial HFWA Q3 2024 earnings

Reported October 24, 2024 · Before market open

Revenue$54.8MMiss by $3.3M
EPS$0.33Miss by $0.08
Revenue estimate$58.1M
EPS estimate$0.41

Next report

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

Financials

Q3 2024

Income statement

See full
Revenue$54.8M-11.5%
Net income$11.4M-37.3%
EPS (diluted)$0.33-35.3%

Balance sheet

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Cash & equivalents$175.6M-20.4%
Total debt$382.0M-15.1%
Total equity$874.5M+7.5%
Total assets$7.2B0.0%

Cash flow

See full
Operating cash flow$24.2M-22.3%
CapEx$941.0K-75.1%
Free cash flow$23.2M-15.0%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$750.98M+31.4%
Enterprise value$957.41M+19.5%
P/E20×+12.7×
P/S3.6×+1.4×

Profitability

See full
Net margin17.8%-11.9pp
FCF margin33.7%-4.2pp

Returns & leverage

See full
Return on equity4.5%-5.4pp
Debt / equity0.4×-0.1×

Segments

By product

See full
Service charges and other fees$2.8M-2.4%
Card revenue$2.1M-6.1%

Versus estimates

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Questions, answered.

When did Heritage Financial report Q3 2024 earnings?
Heritage Financial (HFWA) reported Q3 2024 earnings on October 24, 2024 before market open.
What were Heritage Financial's Q3 2024 revenue and EPS?
Heritage Financial reported revenue of $54.8M and eps of $0.33 for Q3 2024.
Did Heritage Financial beat estimates in Q3 2024?
Revenue missed the consensus estimate of $58.1M by $3.3M. EPS missed the consensus estimate of $0.41 by $0.08.
Where can I find Heritage Financial's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001046025-24-000179) directly on SEC EDGAR. The filing index links above go to sec.gov.