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Heritage Financial HFWA Tax credit investments

Tax credit investments at other companies

Eagle Bancorp Montana logo
Eagle Bancorp MontanaEBMT
$5.57M-12.2%
International Bancshares logo
International BancsharesIBOC
$248.59M+29.1%
Heritage Financial logo
Heritage FinancialHFWA
$151M-14.0%
Community Financial System logo
Community Financial SystemCBU
$11.8M
JPMorgan Chase logo
JPMorgan ChaseJPM
$33.2B+4.3%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$234.87M+12.5%

Other financials

Income statement

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

Balance sheet

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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

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

Valuation

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Market cap$1.21B+57.9%
Enterprise value$1.17B+51.1%
P/E15.6×0.0×
P/S4.1×+0.7×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept us-gaap:AmortizationMethodQualifiedAffordableHousingProjectInvestments.

The source filing: Heritage Financial’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 11:44 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054673

FAQ

What is Heritage Financial's tax credit investments?
Heritage Financial (HFWA) reported tax credit investments of $151M in Q2 2026.
How has Heritage Financial's tax credit investments changed year-over-year?
Heritage Financial's tax credit investments decreased by 14.0% year-over-year, from $175.5M to $151M.
What is the long-term trend for Heritage Financial's tax credit investments?
Over 3 years (2022 to 2025), Heritage Financial's tax credit investments has grown at a -5.2% compound annual growth rate (CAGR), from $191.3M to $162.8M.
What does tax credit investments mean?
Tax credit investments as reported by Heritage Financial Corp.

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