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Heritage Financial HFWA Lease financings

Lease financings at other companies

OceanFirst Financial logo
OceanFirst FinancialOCFC
$21.44M+85.5%
First Financial Corporation logo
First Financial CorporationTHFF
$7.94M+49.3%

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$1.21B+56.8%
Enterprise value$959.16M+22.1%
P/E16.6×+1.7×
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:FinancingReceivableUnamortizedLoanFeeCost.

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 lease financings?
Heritage Financial (HFWA) reported lease financings of -$11M in Q1 2026.
How has Heritage Financial's lease financings changed year-over-year?
Heritage Financial's lease financings decreased by 8.1% year-over-year, from -$10.18M to -$11M.
What is the long-term trend for Heritage Financial's lease financings?
Over 3 years (2022 to 2025), Heritage Financial's lease financings has grown at a 3.6% compound annual growth rate (CAGR), from -$10.02M to -$11.15M.
What does lease financings mean?
This represents the net balance of deferred loan origination fees and direct costs associated with lease financings that are being amortized over the life of the lease. It serves as an adjustment to the carrying value of lease assets, ensuring that income and expenses are recognized in accordance with the effective interest method. This metric is key to evaluating the true yield and profitability of the bank's leasing business segment.