Heritage Financial Corporation (HFWA)
| Market Cap | 1.23B +45.5% |
| Revenue (ttm) | 295.08M +33.3% |
| Net Income | 77.90M +57.4% |
| EPS | 2.08 +45.2% |
| Shares Out | 40.91M |
| PE Ratio | 14.52 |
| Forward PE | 11.61 |
| Dividend | $0.96 (3.18%) |
| Ex-Dividend Date | May 6, 2026 |
| Volume | 751,958 |
| Open | 30.30 |
| Previous Close | 30.29 |
| Day's Range | 29.88 - 30.90 |
| 52-Week Range | 21.32 - 31.25 |
| Beta | 0.49 |
| Analysts | Hold |
| Price Target | 32.40 (+7.43%) |
| Earnings Date | Jul 23, 2026 |
About HFWA
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner o... [Read more]
Financial Performance
In 2025, Heritage Financial's revenue was $244.17 million, an increase of 15.96% compared to the previous year's $210.56 million. Earnings were $67.53 million, an increase of 56.11%.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for HFWA stock is "Hold." The 12-month stock price target is $32.4, which is an increase of 7.43% from the latest price.
News
Heritage Financial Earnings Call Transcript: Q2 2026
Net interest margin and loan production rose in Q2, driven by merger benefits and strong commercial demand. Deposit costs hit a low but are expected to rise amid competition, while expense levels will drop post-merger. Credit quality remains stable with low charge-offs.
Heritage Financial Slides: Q2 2026
Heritage Financial has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 23, 2026.
Heritage Financial Earnings release: Q2 2026
Heritage Financial released its Q2 2026 earnings on July 23, 2026, summarizing the period's financial results.
Heritage Financial reports Q2 adjusted EPS 57c, consensus 54c
Q2 net interest margin increased to 3.99%, up 3 basis points from 3.96% for Q1. Tangible book value per share was $19.15 from $19.07 at previous quarter end. Common equity…
Heritage Financial Announces Second Quarter 2026 Results and Declares Regular Cash Dividend of $0.25 Per Share
Second Quarter 2026 Highlights Net income was $17.5 million, or $0.42 per diluted share, compared to $18.9 million, or $0.48 per diluted share, for the first quarter of 2026. Adjusted diluted earnings...
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash., June 25, 2026 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its second quarter earnings release on Thursday, July 23, ...
Heritage Financial price target lowered to $32 from $34 at Piper Sandler
Piper Sandler lowered the firm’s price target on Heritage Financial (HFWA) to $32 from $34 and keeps an Overweight rating on the shares. After the first wave of Q1 earnings…
Heritage Financial Earnings Call Transcript: Q1 2026
Olympic Bancorp merger drove significant loan and deposit growth, with net interest margin and credit quality improving quarter-over-quarter. Expenses remain elevated due to merger costs but are expected to normalize post-systems conversion, while capital and deposit costs remain stable.
Heritage Financial Earnings release: Q1 2026
Heritage Financial released its Q1 2026 earnings on April 23, 2026, summarizing the period's financial results.
Heritage Financial Slides: Q1 2026
Heritage Financial has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on April 23, 2026.
Heritage Financial Quarterly report: Q1 2026
Heritage Financial has published its Q1 2026 quarterly earnings report on April 23, 2026.
Heritage Financial reports Q1 adjusted EPS 59c, consensus 57c
Net interest margin increased to 3.96%, an increase of 24 basis points from 3.72% for the fourth quarter of 2025. Yield on loans increased to 5.73%, an increase of 19…
Heritage Financial Announces First Quarter 2026 Results and Declares Regular Cash Dividend of $0.24 Per Share
First Quarter 2026 Highlights Net income was $18.9 million, or $0.48 per diluted share, compared to $22.2 million, or $0.65 per diluted share for the fourth quarter of 2025. Excluding merger-related c...
Heritage Financial price target lowered to $34 from $35 at Piper Sandler
Piper Sandler lowered the firm’s price target on Heritage Financial (HFWA) to $34 from $35 and keeps an Overweight rating on the shares. The firm is making some estimate and…
Heritage Financial Proxy statement: Proxy filing
Heritage Financial filed a proxy statement on March 20, 2026, providing details for shareholder voting and corporate governance matters.
Heritage Financial Proxy statement: Proxy filing
Heritage Financial filed a proxy statement on March 20, 2026, providing details for shareholder voting and corporate governance matters.
Massachusetts-Based Heritage Financial Joins Savant Wealth Management
ROCKFORD, Ill.--(BUSINESS WIRE)--Savant Wealth Management, a fee-only registered investment adviser (RIA), announced it has partnered with Heritage Financial, a Massachusetts-based wealth management f...
Heritage Financial price target raised to $35 from $33 at Piper Sandler
Piper Sandler analyst Matthew Clark raised the firm’s price target on Heritage Financial (HFWA) to $35 from $33 and keeps an Overweight rating on the shares. The firm says the…
Heritage Financial Corporation Announces Completion of Acquisition of Olympic Bancorp, Inc.
OLYMPIA, Wash., Feb. 2, 2026 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced that effective January 31, 2026, it completed its previously announced merger (the "Me...
Heritage Financial price target raised to $30 from $28 at Stephens
Stephens analyst Andrew Terrell raised the firm’s price target on Heritage Financial (HFWA) to $30 from $28 and keeps an Equal Weight rating on the shares. The net interest margin…
Heritage Financial price target raised to $30 from $28 at Keefe Bruyette
Keefe Bruyette analyst Kelly Motta raised the firm’s price target on Heritage Financial (HFWA) to $30 from $28 and keeps a Market Perform rating on the shares. Published first on…
Heritage Financial price target raised to $32 from $29 at DA Davidson
DA Davidson analyst Jeff Rulis raised the firm’s price target on Heritage Financial (HFWA) to $32 from $29 and keeps a Buy rating on the shares after its Q4 earnings…
Heritage Financial Earnings Call Transcript: Q4 2025
Adjusted EPS and ROA saw strong year-over-year gains, with net interest margin and deposit growth driving improved results. The Olympic Bancorp merger is set to close soon, expected to enhance profitability and efficiency, while credit quality remains robust.
Heritage Financial Annual report: Q4 2025
Heritage Financial has published its Q4 2025 annual report on January 22, 2026.
Heritage Financial Earnings release: Q4 2025
Heritage Financial released its Q4 2025 earnings on January 22, 2026, summarizing the period's financial results.