Heritage Financial Corporation (HFWA)

NASDAQ: HFWA · Real-Time Price · USD

29.96

+0.16 (0.54%)

Jul 28, 2026, 1:30 PM EDT - Market open

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	294.6	244.17	210.56	239.54	250.4	269.78
Revenue Growth	33.34%	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	2.10	1.96	1.24	1.75	2.31	2.73
EPS Growth	46.85%	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 & Equivalents	204.38	233.09	117.1	224.97	103.59	1,723
Total Debt	22.5	22.35	22.06	21.77	21.47	21.18
Net Cash (Debt)	-22.5	-22.35	-22.06	-21.77	-21.47	-21.18
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.60	-0.65	-0.63	-0.62	-0.61	-0.59

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	89.54	94.82	64.48	109.52	94.46	69.53
Capital Expenditures	-9.29	-9.16	-3.46	-10.38	-4.02	-3.02
Free Cash Flow	80.25	85.66	61.02	99.15	90.44	66.51
Free Cash Flow Growth	19.60%	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
Pretax Margin	30.93%	32.19%	24.82%	30.44%	39.71%	44.67%
Profit Margin	26.44%	27.66%	20.54%	25.78%	32.70%	36.34%
FCF Margin	0.00%	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	Jul '26 Jul 28, 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	3.34%	4.06%	3.76%	4.11%	2.71%	3.29%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 28, 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	14.41	12.07	19.76	12.22	13.26	8.95
Forward PE	12.26	10.09	13.33	12.20	11.67	15.01
P/FCF Ratio	15.19	9.38	13.65	7.53	11.89	12.92
PS Ratio	4.13	3.29	3.96	3.12	4.30	3.19