What is Heritage Financial's deferred taxes?

Heritage Financial (HFWA) reported deferred taxes of -$11.35M in Q1 2026.

How has Heritage Financial's deferred taxes changed year-over-year?

Heritage Financial's deferred taxes decreased by 1580.2% year-over-year, from $767K to -$11.35M.

What is the long-term trend for Heritage Financial's deferred taxes?

Over 4 years (2021 to 2025), Heritage Financial's deferred taxes has grown at a 83.7% compound annual growth rate (CAGR), from $1.58M to -$17.94M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Heritage Financial HFWA Deferred Taxes

Deferred Taxes at other companies

Burke & Herbert Financial Services Corp.BHRB

$2.04M+236%

OceanFirst FinancialOCFC

-$2K+98.0%

Bank First CorporationBFC

$45K-89.8%

Mercantile Bank CorporationMBWM

$521.25K+625%

NB Bancorp, Inc.NBBK

-$12K-33.3%

Business First BancsharesBFST

-$2.07M-227%

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

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

See full

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:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: Heritage Financial (HFWA) reported deferred taxes of -$11.35M in Q1 2026.
How has Heritage Financial's deferred taxes changed year-over-year?: Heritage Financial's deferred taxes decreased by 1580.2% year-over-year, from $767K to -$11.35M.
What is the long-term trend for Heritage Financial's deferred taxes?: Over 4 years (2021 to 2025), Heritage Financial's deferred taxes has grown at a 83.7% compound annual growth rate (CAGR), from $1.58M to -$17.94M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.