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Heritage Financial HFWA Provision for Credit Losses

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Other financials

Income statement

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Revenue$84.1M+48.9%
Net income$17.5M+43.6%
EPS (diluted)$0.42+16.7%

Balance sheet

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Cash & equivalents$204.4M-19.6%
Total debt$166.3M-36.8%
Total equity$1.1B+24.9%
Total assets$8.4B+19.2%

Cash flow

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Operating cash flow$23.1M+2.5%
CapEx$2.0M+24.7%
Free cash flow$21.1M+0.9%

Valuation

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Market cap$1.2B+57.4%
Enterprise value$1.17B+50.7%
P/E15.5×0.0×
P/S4.1×+0.7×

Profitability

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Net margin26.5%+4.6pp
FCF margin27.3%-9.0pp

Returns & leverage

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Return on equity7.8%+2.1pp
Debt / equity0.1×-0.1×

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The source filing: Heritage Financial’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 11:44 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054673
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net income$36,493$26,126
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net(2,413)637
(Reversal of) provision for credit losses(1,951)1,007
Stock-based compensation expense2,8652,533
Amortization of intangible assets5,015605
Amortization of tax credit investments11,79311,894
Deferred income tax (benefit) expense(11,104)895

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Heritage Financial's provision for credit losses?
Heritage Financial (HFWA) reported provision for credit losses of -$921K in Q2 2026.
How has Heritage Financial's provision for credit losses changed year-over-year?
Heritage Financial's provision for credit losses decreased by 196.3% year-over-year, from $956K to -$921K.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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