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Heritage Financial HFWA Converted to term loans – Amortized cost

Converted to term loans – Amortized cost at other companies

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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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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:FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan.

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 converted to term loans – amortized cost?
Heritage Financial (HFWA) reported converted to term loans – amortized cost of $13.75M in Q1 2026.
How has Heritage Financial's converted to term loans – amortized cost changed year-over-year?
Heritage Financial's converted to term loans – amortized cost increased by 50.3% year-over-year, from $9.15M to $13.75M.
What is the long-term trend for Heritage Financial's converted to term loans – amortized cost?
Over 3 years (2022 to 2025), Heritage Financial's converted to term loans – amortized cost has grown at a 81.0% compound annual growth rate (CAGR), from $1.12M to $6.65M.
What does converted to term loans – amortized cost mean?
This metric tracks the amortized cost of revolving credit facilities that have been converted into fixed-term loans. This conversion typically indicates a shift in the borrower's credit needs or a restructuring of debt to a more stable repayment schedule. It serves as an indicator of portfolio migration from variable-use products to structured term debt.