What is Heritage Financial's net margin?

Heritage Financial (HFWA) reported net margin of 27.2% in Q1 2026.

How has Heritage Financial's net margin changed year-over-year?

Heritage Financial's net margin increased by 19.6% year-over-year, from 22.8% to 27.2%.

What is the long-term trend for Heritage Financial's net margin?

Over 5 years (2020 to 2025), Heritage Financial's net margin has grown at a 7.0% compound annual growth rate (CAGR), from 19.5% to 27.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Heritage Financial HFWA Net margin

Net margin at other companies

Columbia Banking SystemsCOLB

26.3%+0.8pp

WaFd, Inc.WAFD

33.1%+1.8pp

Burke & Herbert Financial Services Corp.BHRB

34.2%+16.1pp

OceanFirst FinancialOCFC

17.1%-7.2pp

Bank First CorporationBFC

37.7%-4.3pp

Mercantile Bank CorporationMBWM

36.3%+2.7pp

Other financials

Income statement

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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

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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

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FCF margin30.1%+0.4pp

Returns & leverage

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Return on equity7.3%+1.3pp

Debt / equity0×-0.3×

Where this comes from

Calculated from Heritage Financial’s reported figures.

net income/total revenue=27.2%

Based on trailing twelve months.

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 net margin?: Heritage Financial (HFWA) reported net margin of 27.2% in Q1 2026.
How has Heritage Financial's net margin changed year-over-year?: Heritage Financial's net margin increased by 19.6% year-over-year, from 22.8% to 27.2%.
What is the long-term trend for Heritage Financial's net margin?: Over 5 years (2020 to 2025), Heritage Financial's net margin has grown at a 7.0% compound annual growth rate (CAGR), from 19.5% to 27.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.