Heritage Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	262.9	247.47	217.28	174.28	189.83
Interest Income on Investments	51.34	62.24	67.18	53.18	23
Total Interest Income	314.24	309.71	284.47	227.46	212.83
Interest Paid on Deposits	79.34	75.07	39.35	6.77	6.16
Interest Paid on Borrowings	10.5	25.28	19.96	1.3	0.88
Total Interest Expense	89.83	100.35	59.31	8.07	7.04
Net Interest Income	224.41	209.36	225.16	219.39	205.79
Net Interest Income Growth (YoY)	7.18%	-7.01%	2.63%	6.61%	2.38%
Gain (Loss) on Sale of Assets	0.01	1.55	0.61	0.47	4.41
Gain (Loss) on Sale of Investments	-10.74	-22.74	-10.63	-0.26	0.03
Other Non-Interest Income	32.47	28.64	28.34	28.75	26.54
Total Non-Interest Income	21.73	7.47	18.66	29.59	34.62
Non-Interest Income Growth (YoY)	190.81%	-59.96%	-36.93%	-14.51%	-7.02%
Revenues Before Loan Losses	246.14	216.84	243.82	248.98	240.4
Provision for Loan Losses	1.97	6.28	4.28	-1.43	-29.37
Revenue	244.17	210.56	239.54	250.4	269.78
Revenue Growth (YoY)	15.96%	-12.10%	-4.34%	-7.18%	33.47%
Salaries and Employee Benefits	104.02	94.18	95.76	88.3	85.1
Occupancy Expenses	18.88	12.91	12.95	17.47	17.24
Federal Deposit Insurance	3.21	3.26	3.31	2.02	2.11
Amortization of Goodwill & Intangibles	1.17	1.64	2.43	2.75	3.11
Selling, General & Administrative	20.51	29.13	33.81	23.84	26.19
Other Non-Interest Expense	17.77	17.18	18.37	16.6	15.52
Total Non-Interest Expense	165.57	158.3	166.62	150.97	149.27
EBT Excluding Unusual Items	78.6	52.26	72.92	99.44	120.51
Pretax Income	78.6	52.26	72.92	99.44	120.51
Income Tax Expense	11.07	9	11.16	17.56	22.47
Net Income	67.53	43.26	61.76	81.88	98.04
Net Income to Common	67.53	43.26	61.76	81.88	98.04
Net Income Growth	56.11%	-29.95%	-24.57%	-16.48%	110.51%
Basic Shares Outstanding	34	34	35	35	36
Diluted Shares Outstanding	34	35	35	35	36
Shares Change (YoY)	-1.27%	-1.02%	-0.58%	-1.42%	-0.54%
EPS (Basic)	1.99	1.26	1.76	2.33	2.75
EPS (Diluted)	1.96	1.24	1.75	2.31	2.73
EPS Growth	58.06%	-29.14%	-24.24%	-15.38%	111.63%
Dividend Per Share	0.960	0.920	0.880	0.840	0.810
Dividend Growth	4.35%	4.54%	4.76%	3.70%	1.25%
Effective Tax Rate	14.09%	17.22%	15.30%	17.66%	18.65%

Updated Jan 22, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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