Heritage Financial Corporation (HFWA)

Heritage Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	220.5	239.54	250.4	269.78	202.12	227.83
Revenue Growth (YoY)	-14.41%	-4.34%	-7.18%	33.47%	-11.29%	6.72%
Gross Profit	220.5	239.54	250.4	269.78	202.12	227.83
Selling, General & Admin	142.39	143.47	130.5	128.53	129.19	126.91
Other Operating Expenses	23	23.16	20.47	20.74	19.75	19.88
Operating Expenses	165.39	166.62	150.97	149.27	148.94	146.79
Operating Income	55.11	72.92	99.44	120.51	53.18	81.05
Pretax Income	55.11	72.92	99.44	120.51	53.18	81.05
Income Tax	8.07	11.16	17.56	22.47	6.61	13.49
Net Income	47.05	61.76	81.88	98.04	46.57	67.56
Net Income Growth	-43.03%	-24.57%	-16.48%	110.51%	-31.07%	27.33%
Shares Outstanding (Basic)	35	35	35	36	36	37
Shares Outstanding (Diluted)	35	35	35	36	36	37
Shares Change	-0.62%	-0.58%	-1.42%	-0.54%	-2.21%	4.56%
EPS (Basic)	1.35	1.76	2.33	2.75	1.29	1.84
EPS (Diluted)	1.33	1.75	2.31	2.73	1.29	1.83
EPS Growth	-42.92%	-24.24%	-15.38%	111.63%	-29.51%	22.82%
Free Cash Flow	92.49	99.23	90.55	66.58	63.89	79.55
Free Cash Flow Per Share	2.66	2.83	2.58	1.87	1.77	2.16
Dividend Per Share	0.890	0.880	0.840	0.810	0.800	0.840
Dividend Growth	4.71%	4.76%	3.70%	1.25%	-4.76%	16.67%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	24.99%	30.44%	39.71%	44.67%	26.31%	35.57%
Profit Margin	21.34%	25.78%	32.70%	36.34%	23.04%	29.65%
Free Cash Flow Margin	41.94%	41.42%	36.16%	24.68%	31.61%	34.91%
Effective Tax Rate	14.64%	15.31%	17.66%	18.65%	12.43%	16.64%
EBITDA	60.26	78.52	102.53	101.88	53.09	99.16
EBITDA Margin	27.33%	32.78%	40.94%	37.76%	26.27%	43.52%
Depreciation & Amortization	5.15	5.6	3.09	-18.63	-0.09	18.11
EBIT	55.11	72.92	99.44	120.51	53.18	81.05
EBIT Margin	24.99%	30.44%	39.71%	44.67%	26.31%	35.57%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).