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Heritage Financial HFWA Income taxes at U.S. statutory rate of 21%

Income taxes at U.S. statutory rate of 21% at other companies

Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
21%0.0pp
Lakeland Financial logo
Lakeland FinancialLKFN

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+56.8%
Enterprise value$946.38M+22.1%
P/E16.5×+1.6×
P/S4.5×+1.1×

Profitability

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Net margin27.2%+4.5pp
FCF margin30.1%+0.4pp

Returns & leverage

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Return on equity7.3%+1.3pp
Debt / equity-0.3×

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate.

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 income taxes at U.S. statutory rate of 21%?
Heritage Financial (HFWA) reported income taxes at U.S. statutory rate of 21% of 21% in Q1 2026.
How has Heritage Financial's income taxes at U.S. statutory rate of 21% changed year-over-year?
Heritage Financial's income taxes at U.S. statutory rate of 21% decreased by 0.0% year-over-year, from 21% to 21%.
What does income taxes at U.S. statutory rate of 21% mean?
Calculates the hypothetical income tax expense that would be incurred if the company were taxed solely at the standard U.S. federal statutory rate. This serves as the baseline for evaluating the impact of various tax credits, deductions, and jurisdictional differences on the final tax bill.