Heritage Financial Corporation (HFWA)

Heritage Financial Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	224.41	209.36	225.16	219.39	205.79
Net Interest Income Growth	7.18%	-7.01%	2.63%	6.61%	2.38%
Non-Interest Income	21.73	7.47	18.66	29.59	34.62
Non-Interest Income Growth	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 Credit 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%
Compensation Expenses	104.02	98.53	100.08	92.09	88.77
Selling, General & Admin	44.3	42.58	46.49	41.14	43.65
Other Non-Interest Expenses	17.25	17.19	20.05	17.73	16.86
Total Non-Interest Expense	165.57	158.3	166.62	150.97	149.27
Pretax Income	78.6	52.26	72.92	99.44	120.51
Provision for Income Taxes	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%
Shares Outstanding (Basic)	34	34	35	35	36
Shares Outstanding (Diluted)	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	2.31	2.73
EPS (Diluted)	1.96	1.24	1.75	2.31	2.73
EPS Growth	58.06%	-29.14%	-24.24%	-15.38%	111.63%
Free Cash Flow	85.66	61.02	99.15	90.44	66.51
Free Cash Flow Growth	40.38%	-38.45%	9.63%	35.98%	5.02%
Free Cash Flow Per Share	2.49	1.75	2.81	2.55	1.85
Dividends Per Share	0.960	0.920	0.880	0.840	0.810
Dividend Growth	4.35%	4.54%	4.76%	3.70%	1.25%
Profit Margin	27.66%	20.54%	25.78%	32.70%	36.34%
FCF Margin	35.08%	28.98%	41.39%	36.12%	24.65%
EBITDA	2.13	3.23	5.6	3.09	-18.63
EBITDA Margin	0.87%	1.53%	2.34%	1.23%	-6.90%
Effective Tax Rate	14.08%	17.22%	15.31%	17.66%	18.65%

Updated Jan 22, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q