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Heritage Financial HFWA Net Interest Income

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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+59.5%
Enterprise value$1.17B+52.6%
P/E15.6×+0.2×
P/S4.1×+0.8×

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:InterestIncomeExpenseNet.

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

Filed
Aug 7, 2026, 11:44 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054673
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Junior subordinated debentures431472861943
Borrowings1,0362,8951,3156,611
Total interest expense22,85823,51744,31447,193
Net interest income74,81654,983144,035108,673
(Reversal of) provision for credit losses(921)956(1,951)1,007
Net interest income after (reversal of) provision for credit losses75,73754,027145,986107,666
NONINTEREST INCOME:
Service charges and other fees3,5922,9326,9595,907

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Heritage Financial's net interest income?
Heritage Financial (HFWA) reported net interest income of $74.82M in Q2 2026.
How has Heritage Financial's net interest income changed year-over-year?
Heritage Financial's net interest income increased by 36.1% year-over-year, from $54.98M to $74.82M.
What is the long-term trend for Heritage Financial's net interest income?
Over 4 years (2021 to 2025), Heritage Financial's net interest income has grown at a 2.2% compound annual growth rate (CAGR), from $205.79M to $224.41M.
What does net interest income mean?
The difference between the interest income generated from loans and investment securities and the interest expense paid on deposits and other borrowings. This is the primary driver of a bank's core profitability and reflects the spread earned on the bank's interest-earning assets. It is a fundamental measure of the bank's ability to price its products effectively relative to its cost of funds.

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