What is Heritage Financial's gross loans?

Heritage Financial (HFWA) reported gross loans of $5.72B in Q1 2026.

How has Heritage Financial's gross loans changed year-over-year?

Heritage Financial's gross loans increased by 20.1% year-over-year, from $4.76B to $5.72B.

What is the long-term trend for Heritage Financial's gross loans?

Over 5 years (2020 to 2025), Heritage Financial's gross loans has grown at a 1.7% compound annual growth rate (CAGR), from $4.4B to $4.78B.

What does gross loans mean?

Total loans outstanding before deducting the allowance for credit losses — the gross lending portfolio across all categories.

Heritage Financial HFWA Gross loans

Gross loans at other companies

Columbia Banking SystemsCOLB

$47.7B+26.8%

WaFd, Inc.WAFD

$20.17B-4.5%

Burke & Herbert Financial Services Corp.BHRB

$5.4B-4.3%

OceanFirst FinancialOCFC

$11.12B+9.9%

Bank First CorporationBFC

$4.52B+27.3%

Lakeland FinancialLKFN

$5.4B+5.3%

Other financials

Income statement

See full

Revenue$77.9M+35.3%

Net income$18.9M+36.2%

EPS (diluted)$0.48+20.0%

Balance sheet

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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

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Market cap$1.19B+55.2%

Enterprise value$946.38M+20.5%

P/E16.5×+1.5×

P/S4.5×+1.1×

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×

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss.

The official record: Heritage Financial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Heritage Financial's gross loans?: Heritage Financial (HFWA) reported gross loans of $5.72B in Q1 2026.
How has Heritage Financial's gross loans changed year-over-year?: Heritage Financial's gross loans increased by 20.1% year-over-year, from $4.76B to $5.72B.
What is the long-term trend for Heritage Financial's gross loans?: Over 5 years (2020 to 2025), Heritage Financial's gross loans has grown at a 1.7% compound annual growth rate (CAGR), from $4.4B to $4.78B.
What does gross loans mean?: Total loans outstanding before deducting the allowance for credit losses — the gross lending portfolio across all categories.