What is Heritage Financial's revenue?

Heritage Financial (HFWA) generated $266.5M in revenue over the trailing twelve months, up 18.0% year over year.

Is Heritage Financial profitable?

Heritage Financial reported $72.6M in net income over the trailing twelve months, a 27.2% net margin.

What is Heritage Financial's earnings per share?

Heritage Financial's diluted EPS over the trailing twelve months is $2.04.

Where does Heritage Financial's income statement data come from?

Every line is extracted from Heritage Financial's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Heritage Financial HFWA Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Net interest income	$224.41M+7.2%	$209.36M-7.0%	$225.16M+2.6%	$219.39M+6.6%
Net interest income after provision for credit losses	$222.44M+9.5%	$203.08M-8.1%	$220.88M0.0%	$220.81M-6.1%
Total noninterest income	$21.73M+191%	$7.47M—	——	$29.59M-14.5%
Total interest income	$314.24M+1.5%	$309.71M+8.9%	$284.47M+25.1%	$227.46M+6.9%
Total revenue	$246.14M+13.5%	$216.84M-11.1%	$243.82M-2.1%	$248.98M+3.6%
Total interest expense (banking)	$79.34M+5.7%	$75.07M+90.8%	$39.35M+481%	$6.77M+9.9%
Selling and marketing	$1.25M+26.6%	$988K-48.8%	$1.93M+17.5%	$1.64M-23.3%
Compensation and benefits	$104.02M+5.6%	$98.53M-1.6%	$100.08M+8.7%	$92.09M+3.7%
Occupancy and equipment	$18.88M-2.1%	$19.29M+0.7%	$19.16M+9.7%	$17.47M+1.3%
Professional fees	$4.26M+69.3%	$2.52M-40.5%	$4.23M+69.3%	$2.5M-35.1%
Depreciation and amortization	$1.17M-28.4%	$1.64M-32.6%	$2.43M-11.5%	$2.75M-11.6%
Provision for credit losses	——	$6.28M—	——	——
Goodwill impairment	——	——	$0—	$0—
Other operating expenses	$12.87M+4.7%	$12.29M-10.8%	$13.78M+6.2%	$12.97M+11.4%
Total noninterest expense	$165.57M+4.6%	$158.3M-5.0%	$166.62M+10.4%	$150.97M+1.1%
Interest expense	$89.83M-10.5%	$100.35M+69.2%	$59.31M+635%	$8.07M+14.6%
Interest income	$262.9M+6.2%	$247.47M+13.9%	$217.28M+24.7%	$174.28M-8.2%
Other income (expense), net	$7.84M+26.0%	$6.22M-23.0%	$8.08M+105%	-$175.17M-3,108%
Net investment gains (losses)	——	-$22.74M-85.9%	-$12.23M-4,678%	-$256K-983%
Income before income taxes	$78.6M+50.4%	$52.26M-28.3%	$72.92M-26.7%	$99.44M-17.5%
Income tax expense	$11.07M+23.0%	$9M-19.3%	$11.16M-36.5%	$17.56M-21.9%
Net income	$67.53M+56.1%	$43.26M-30.0%	$61.76M-24.6%	$81.88M-16.5%
Net margin	27.4%+7.5pp	19.9%-5.4pp	25.3%-7.6pp	32.9%-7.9pp
Diluted earnings per share	$1.96+58.1%	$1.24-29.1%	$1.75-24.2%	$2.31-15.4%
Basic earnings per share	$1.99+57.9%	$1.26-28.4%	$1.76-24.5%	$2.33-15.3%
Weighted-average shares, diluted	137.8M-1.3%	139.7M-0.9%	140.9M-0.6%	141.8M-1.8%
Weighted-average shares, basic	136M-1.6%	138.2M-1.4%	140.2M-0.1%	140.4M-2.0%
Excise And Sales Taxes	$4.91M+0.4%	$4.89M+20.4%	$4.06M+11.7%	$3.63M-6.4%
Acquired provision for credit losses on unfunded commitments	——	——	——	——
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition	$4.94M+13.8%	$4.34M+0.4%	$4.33M+14.0%	$3.8M+3.5%
Investment Program, Proportional Amortization Method, Applied, Amortization Expense	$24.8M+24.0%	$20M+20.5%	$16.6M+52.3%	$10.9M+12.4%
Amortization of capitalized software and acquired intangible assets	$1.17M-28.4%	$1.64M-32.6%	$2.43M-11.5%	$2.75M-11.6%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	130.2K-64.9%	371.1K-58.8%	900.1K+2,274%	37.9K-16.9%
Bank Owned Life Insurance Income	$4.38M+47.6%	$2.97M+1.1%	$2.93M-21.7%	$3.75M+48.7%
Capital contributions to low-income tax housing tax credit partnership	$63.35M+137%	$26.69M-30.2%	$38.25M—	——
Cash Acquired From Acquisition	——	——	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	-$1.62B-265%
Dividends declared (in dollars per share)	$0.96+4.3%	$0.92+4.5%	$0.88+4.8%	$0.84+3.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$91.56M+51.4%	$60.49M-32.1%	$89.13M—	——
Federal	$27.77M+19.1%	$23.31M+0.4%	$23.21M—	——
Debt and Equity Securities, Realized Gain (Loss)	——	-$22.74M-85.9%	-$12.23M-4,678%	-$256K-983%
Debt Instrument Basis Spread On Variable Rate1	——	——	——	——
Accrued interest receivables reversed through interest income on AFS securities	$0—	$0—	$0—	$0—
Total net securities (losses)	-$10.74M+52.8%	-$22.74M-85.9%	-$12.23M-4,678%	-$256K-983%
Debt Securities, Available-for-Sale, Realized Loss	$10.74M-52.8%	$22.74M+85.4%	$12.27M+4,618%	$260K—
Accrued interest receivables reversed through interest income on HTM securities	$0—	$0—	$0—	$0—
Realized gain	-$10.74M+52.8%	-$22.74M-85.9%	-$12.23M-4,678%	-$256K-983%
Federal	-$17.68M-18.0%	-$14.98M-14.4%	-$13.1M—	——
Deferred taxes	-$17.94M-17.3%	-$15.29M-15.8%	-$13.2M-1,616%	$871K-44.7%
State	-$264K+15.4%	-$312K-197%	-$105K—	——
Defined Benefit Plan Benefit Obligation Benefits Paid	$475K+1.7%	$467K-47.0%	$881K+95.8%	$450K-16.0%
Expenses incurred	$102K-29.2%	$144K+1.4%	$142K-25.7%	$191K-8.6%
Defined Contribution Plan Cost Recognized	$1.14M+88.2%	$604K+47.7%	$409K-53.6%	$882K+23.7%
Depreciation	$5.8M-12.1%	$6.6M+4.8%	$6.3M+16.2%	$5.42M+2.3%
Depreciation, Amortization and Accretion, Net	$956K-39.9%	$1.59M-49.8%	$3.17M+830%	$341K+102%
Dividends, Common Stock, Cash	$33.01M+2.7%	$32.15M+3.3%	$31.11M+4.5%	$29.77M+2.0%
Effective tax rates	$0.14-18.0%	$0.17+12.4%	$0.15-13.6%	$0.18-4.8%
Effective Income Tax Rate Recon, Tax Credit Amort, Energy-Related, Percent	——	——	——	——
Effective Income Tax Rate Recon, Tax Credit Amort, Investment, Percent	——	——	——	——
Income taxes at U.S. statutory rate of 21%	——	——	——	——
Effective Income Tax Rate Reconciliation, Bank Owned Life Insurance Surrender, Amount	——	——	——	——
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Acquisition costs, Amount	$515K-78.3%	$2.37M—	$0—	$0—
Effective Income Tax Rate Reconciliation, Restricted Stock Unit Excess Liability, Amount	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Percent	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount	$0—	$0-100%	$4.47M—	——
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Exempt Income	——	——	——	——
Effective Income Tax Rate Reconcilition, BOLI Surrender, Percent	——	——	——	——
Effective Income Tax Reconciliation, Bank Owned Life Insurance, Amount	——	——	——	——
FDIC assessments	$3.21M-1.6%	$3.26M-1.6%	$3.31M+64.4%	$2.02M-4.3%
Fees And Commissions Mortgage Banking And Servicing	$61K-35.1%	$94K-30.4%	$135K-37.8%	$217K-32.2%
Accrued interest receivables written off	-$451K-652%	-$60K+1.6%	-$61K—	——
Merger day 1 ACL on PSL loans	——	——	——	——
Gross charge-offs	$1.95M-44.2%	$3.49M+168%	$1.31M+46.1%	$893K-54.1%
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery	$556K-43.1%	$977K-38.2%	$1.58M-24.0%	$2.08M+46.5%
Provision for credit losses	——	-$6.98M-47.4%	-$4.74M—	——
Amortized Cost	——	——	$29.21M—	——
Prior	$762K-72.8%	$2.8M+950%	$267K—	——
Revolving Loans	$326K-1.5%	$331K+31.3%	$252K—	——
Term loan by year, year 4	$468K—	$0-100%	$352K—	——
Term loan by year, year 1	$0—	$0-100%	$7K—	——
Term loan by year, year 2	$87K-72.7%	$319K+3,090%	$10K—	——
Term loan by year, year 3	$305K—	——	$284K—	——
Term loan by year, year 5	$0—	——	$133K—	——
% of total class of receivables	2.2%-0.4%	2.6%+1.6%	1%—	——
Account balance, modified and subsequent default	$7.2M—	——	——	——
Recognized interest income	$102K-83.1%	$605K+74.4%	$347K—	——
Acquisition PCD reserves	——	——	——	——
Intangible assets, increase (decrease)	——	——	$0—	——
Acquired intangibles	——	——	——	——
Foreclosed Real Estate Expense	——	——	——	——
Gain Loss On Sale Of Other Assets	$8K-99.5%	$1.55M+77,500%	$2K-99.6%	$469K-89.4%
Goodwill impairment losses	——	——	$0—	$0—
Goodwill Period Increase Decrease	$0—	$0—	$0—	——
Income Loss From Continuing Operations Before Income Taxes Domestic	$78.6M+50.4%	$52.26M-28.3%	$72.92M—	——
Federal taxes	$1.57M+17.7%	$1.33M-30.7%	$1.92M—	——
Income Tax Reconciliation, Bank Owned Life Insurance, Amount	$859K+50.4%	$571K+1.2%	$564K-23.3%	$735K+55.1%
Income Tax Reconciliation, Bank Owned Life Insurance, Percent	——	——	——	——
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$16.51M+50.4%	$10.98M-28.3%	$15.31M-26.7%	$20.88M-17.5%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	-$84K—	——	$101K-46.8%	$190K-20.2%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$773K+47.0%	$526K-36.4%	$827K-11.6%	$936K-2.5%
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount	$29.46M+22.9%	$23.97M+18.3%	$20.26M—	——
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount	$1.08M+26.5%	$850K-35.2%	$1.31M-24.4%	$1.73M-10.2%
Increase (Decrease) in Deposits	——	——	——	-$469.45M-160%
Increase (Decrease) in Other Operating Assets and Liabilities, Net	-$5.17M—	——	-$21.62M—	——
Data processing and equipment	$15M+0.7%	$14.9M-15.6%	$17.65M+11.0%	$15.91M-3.8%
Interest and Dividend Income, Operating	$314.24M+1.5%	$309.71M+8.9%	$284.47M+25.1%	$227.46M+6.9%
Interest and Fee Income, Loans and Leases	$262.9M+6.2%	$247.47M+13.9%	$217.28M+24.7%	$174.28M-8.2%
Interest Expense, Deposits	$79.34M+5.7%	$75.07M+90.8%	$39.35M+481%	$6.77M+9.9%
Floating Rate Capital Debt	$1.87M-12.5%	$2.14M+3.1%	$2.07M+79.4%	$1.16M+55.8%
Other borrowed funds	$8.62M-62.7%	$23.14M+30.5%	$17.73M—	——
Interest Income, Deposits with Financial Institutions	$5.82M-12.0%	$6.62M-2.9%	$6.82M—	——
Interest Income (Expense), after Provision for Loan Loss	$222.44M+9.5%	$203.08M-8.1%	$220.88M0.0%	$220.81M-6.1%
Interest Income (Expense), Operating	$224.41M+7.2%	$209.36M-7.0%	$225.16M+2.6%	$219.39M+6.6%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$90.15M-19.7%	$112.22M+143%	$46.14M+498%	$7.71M+13.5%
Investment in LIHTC partnership and related funding commitment	——	——	——	——
Investment in Solar Tax Credit, Amortization Expense	$101K0.0%	$101K+381%	$21K—	——
Investment-related tax credit	$29.5M+22.9%	$24M+18.2%	$20.3M—	——
New loans	$0—	$0-100%	$122K—	$0—
Loans And Leases Receivable Related Parties Proceeds	$297K+2.8%	$289K+14.7%	$252K+3.7%	$243K-57.5%
Marketing	$1.25M+26.6%	$988K-48.8%	$1.93M+17.5%	$1.64M-23.3%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$165.58M—	——	——	-$506.38M-168%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	$186.75M+317%	-$85.9M—	——	-$1.21B—
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$94.82M+47.0%	$64.48M-41.1%	$109.52M+16.0%	$94.46M+35.8%
Noninterest Expense	$165.57M+4.6%	$158.3M-5.0%	$166.62M+10.4%	$150.97M+1.1%
Total other income	$7.84M+26.0%	$6.22M-23.0%	$8.08M+51.8%	$5.32M-8.6%
Number of loan segments	——	——	——	——
Number of operating segments	10.0%	10.0%	1—	——
Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss Tax	-$66K+9.6%	-$73K-7.4%	-$68K+47.7%	-$130K-271%
Other comprehensive income/(loss)	$24.03M—	——	$27.37M+124%	-$114.4M-632%
Tax expense (benefit) of other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities	$2.37M-53.0%	$5.03M+87.5%	$2.68M+4,693%	$56K+1,033%
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	$4.59M+1,683%	-$290K-106%	$4.85M+115%	-$31.78M-639%
Payments For Proceeds From Loans And Leases	——	$464.59M+65.5%	$280.66M—	——
Payments for Repurchase of Common Stock	$5.52M-75.4%	$22.42M+221%	$6.97M+118%	$3.2M-86.0%
Payments of Ordinary Dividends, Common Stock	$32.65M+2.7%	$31.78M+3.1%	$30.82M+4.5%	$29.49M+1.9%
Payments to Acquire Debt Securities, Available-for-Sale	$88.17M—	——	$178.4M-77.4%	$790.87M+28.4%
Payments To Acquire Federal Home Loan Bank Stock	$24.14M-62.8%	$64.9M+42.4%	$45.59M+1,427%	$2.99M—
Payment to Acquire Life Insurance Policy, Investing Activities	——	——	$1.38M—	——
Payments to Acquire Property, Plant, and Equipment	$9.16M+165%	$3.46M-66.7%	$10.38M+158%	$4.02M+33.1%
Proceeds from Life Insurance Policy	——	——	——	$2.11M—
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities	$28.49M-19.2%	$35.24M+35.2%	$26.06M-7.9%	$28.3M+2,155%
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$125.31M-4.0%	$130.49M-27.0%	$178.86M-1.5%	$181.49M-28.7%
Sale of investments	——	$273.63M+24.5%	$219.7M+623%	$30.39M—
Proceeds From Sale Of Federal Home Loan Bank Stock	$40.52M-14.8%	$47.55M-5.5%	$50.32M+2,413%	$2M—
Dispositions of property, plant, and equipment	——	$81K—	——	——
Proceeds from Short-Term Debt	$536.4M-63.2%	$1.46B-22.8%	$1.89B—	——
Total provisions for credit losses	——	$6.28M+46.8%	$4.28M—	——
Repayments of Short-Term Debt	$899.4M-42.9%	$1.58B+13.4%	$1.39B—	——
Restricted Stock Expense	$4.94M+13.8%	$4.34M+0.4%	$4.33M—	——
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	$3.94M+12.4%	$3.5M-49.1%	$6.88M+140%	$2.87M-79.5%
Short Term Lease Cost	$110K+80.3%	$61K-23.8%	$80K0.0%	$80K—
Stock Issued During Period Value Restricted Stock Award Forfeitures	$0—	$0—	$0—	$0—
Value of shares repurchased	$5.52M-75.4%	$22.42M+221%	$6.97M+118%	$3.2M-86.0%
Tax Credit, Energy-Related, Amortization	$0—	$0-100%	$5.06M—	——
Tax Credit, Investment, Amortization	$24.76M+24.1%	$19.95M+21.2%	$16.46M—	——
Tax Credit, Investment, Amortization Cash Flow	——	$19.85M+20.6%	$16.46M—	——
Transfer of Bank Owned Life Insurance to Prepaid Expenses and Other Assets Due to Surrender	$0—	——	$0—	$0—
Transfers of premises and equipment classified as held for sale to prepaid expenses and other assets from premises and equipment, net	——	$0—	——	——
Transfer from trading securities to investment securities	——	——	$0—	$0-100%
Add: dilutive effect of potential common shares (in shares)	——	$1.06M—	——	$1.01M—

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Questions, answered.

What is Heritage Financial's revenue?: Heritage Financial (HFWA) generated $266.5M in revenue over the trailing twelve months, up 18.0% year over year.
Is Heritage Financial profitable?: Heritage Financial reported $72.6M in net income over the trailing twelve months, a 27.2% net margin.
What is Heritage Financial's earnings per share?: Heritage Financial's diluted EPS over the trailing twelve months is $2.04.
Where does Heritage Financial's income statement data come from?: Every line is extracted from Heritage Financial's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.