Heritage Financial Corporation (HFWA)

NASDAQ: HFWA · Real-Time Price · USD

27.55

+0.13 (0.47%)

Oct 16, 2026, 4:00 PM EDT - Market closed

Heritage Financial Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Revenue	295.08	244.17	210.56	239.54	250.4	269.78
Revenue Growth	33.33%	15.96%	-12.10%	-4.34%	-7.18%	33.47%
Net Income	77.9	67.53	43.26	61.76	81.88	98.04
Earnings Per Share	2.08	1.96	1.24	1.75	2.31	2.73
EPS Growth	45.18%	58.06%	-29.14%	-24.24%	-15.38%	111.63%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Investments	221.37	247.52	140.97	248.17	133.7	1,729
Total Debt	205.74	79.17	453.83	570.46	122.58	116.11
Net Cash (Debt)	15.63	168.36	-312.86	-322.29	11.12	1,613
Net Cash Growth	-	-	-	-	-99.31%	151.53%
Net Cash Per Share	0.42	4.89	-8.96	-9.14	0.31	44.83

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Operating Cash Flow	90.11	94.82	64.48	109.52	94.46	69.53
Capital Expenditures	-9.68	-9.16	-3.46	-10.38	-4.02	-3.02
Free Cash Flow	80.43	85.66	61.02	99.15	90.44	66.51
Free Cash Flow Growth	-1.97%	40.38%	-38.45%	9.63%	35.98%	5.02%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Profit Margin	26.40%	27.66%	20.54%	25.78%	32.70%	36.34%
FCF Margin	27.26%	35.08%	28.98%	41.39%	36.12%	24.65%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 17, 2026	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
Dividend Per Share	1.000	0.960	0.920	0.880	0.840	0.810
Dividend Per Share Growth	2.11%	4.35%	4.54%	4.76%	3.70%	1.25%
Dividend Yield	3.63%	4.06%	3.74%	4.12%	2.74%	3.31%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 17, 2026	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
PE Ratio	13.27	11.89	19.34	12.09	13.14	8.77
Forward PE	11.31	10.09	13.33	12.20	11.67	15.01
P/FCF Ratio	14.02	9.38	13.71	7.53	11.89	12.92
PS Ratio	3.82	3.29	3.97	3.12	4.30	3.19