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Heritage Financial HFWA Transfer of Bank Owned Life Insurance to Prepaid Expenses and Other Assets Due to Surrender

Transfer of Bank Owned Life Insurance to Prepaid Expenses and Other Assets Due to Surrender at other companies

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Bank of HawaiiBOH
$499.68M—

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 / equity0×-0.3×

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept hfwa:TransferOfBankOwnedLifeInsuranceToPrepaidExpensesAndOtherAssetsDueToSurrender.

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 transfer of bank owned life insurance to prepaid expenses and other assets due to surrender?
Heritage Financial (HFWA) reported transfer of bank owned life insurance to prepaid expenses and other assets due to surrender of $0 in Q1 2026.
How has Heritage Financial's transfer of bank owned life insurance to prepaid expenses and other assets due to surrender changed year-over-year?
Heritage Financial's transfer of bank owned life insurance to prepaid expenses and other assets due to surrender decreased by 100.0% year-over-year, from $4.58M to $0.
What does transfer of bank owned life insurance to prepaid expenses and other assets due to surrender mean?
Reflects the reclassification of bank-owned life insurance (BOLI) assets to other asset categories due to the surrender of the underlying policies. This action typically occurs when the bank decides to liquidate the cash surrender value of the insurance policies for liquidity or strategic purposes. It signals a change in the bank's long-term investment strategy regarding tax-advantaged insurance products.