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Heritage Financial HFWA Effective Income Tax Rate Reconciliation Tax Exempt Income
Effective Income Tax Rate Reconciliation Tax Exempt Income at other companies
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Where this comes from
Reported directly by Heritage Financial in its filing.
Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationTaxExemptIncome.
The source filing: Heritage Financial’s 10-K, filed February 27, 2026.
- Filed
- Feb 27, 2026, 2:11 PM EST
- Fiscal year
- FY2025
- Accession
- 0001628280-26-012703
| Line item | Year Ended December 31, 2025 / Amount | Year Ended December 31, 2025 / Percent | Year Ended December 31, 2024 / Amount | Year Ended December 31, 2024 / Percent | Year Ended December 31, 2023 / Amount | Year Ended December 31, 2023 / Percent |
|---|---|---|---|---|---|---|
| Amortization of LIHTCs | 24,756 | 31.5 | 19,952 | 38.5 | 16,456 | 22.6 |
| Amortization of solar tax credits | — | — | — | — | 5,060 | 6.9 |
| Other | ||||||
| Tax-exempt instruments | (1,075) | (1.4) | (850) | (1.6) | (1,311) | (1.8) |
| BOLI surrender | 515 | 0.7 | 2,371 | 4.5 | — | — |
| Effects of BOLI | (859) | (1.1) | (571) | (1.1) | (564) | (0.8) |
| Other, net | (84) | (0.1) | 564 | 1.1 | 101 | 0.1 |
| Income tax expense | $11,071 | 14.1% | $9,001 | 17.2% | $11,160 | 15.3% |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Heritage Financial's effective income tax rate reconciliation tax exempt income?
- Heritage Financial (HFWA) reported effective income tax rate reconciliation tax exempt income of 1.4% in Q4 2025.
- What does effective income tax rate reconciliation tax exempt income mean?
- This metric measures the impact of tax-exempt income on the company's effective income tax rate, expressed as a percentage. It demonstrates the benefit of holding tax-exempt assets within the investment portfolio to reduce the overall tax burden. Investors use this to assess the tax-efficiency of the company's asset allocation strategy.
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