Heritage Financial Corporation (HFWA)

NASDAQ: HFWA · Real-Time Price · USD

28.39

-0.17 (-0.60%)

Nov 6, 2026, 4:00 PM EST - 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	Sep '26 Sep 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	315.4	244.17	210.56	239.54	250.4	269.78
Revenue Growth	35.44%	15.96%	-12.10%	-4.34%	-7.18%	33.47%
Net Income	77.45	67.53	43.26	61.76	81.88	98.04
Earnings Per Share	1.99	1.96	1.24	1.75	2.31	2.73
EPS Growth	20.40%	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	Sep '26 Sep 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	187.07	247.52	140.97	248.17	133.7	1,729
Total Debt	144.47	79.17	453.83	570.46	122.58	116.11
Net Cash (Debt)	42.6	168.36	-312.86	-322.29	11.12	1,613
Net Cash Growth	-50.01%	-	-	-	-99.31%	151.53%
Net Cash Per Share	1.09	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	Sep '26 Sep 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	-	94.82	64.48	109.52	94.46	69.53
Capital Expenditures	-	-9.16	-3.46	-10.38	-4.02	-3.02
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%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	24.56%	27.66%	20.54%	25.78%	32.70%	36.34%
FCF Margin	-	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	Nov '26 Nov 7, 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	2.08%	4.35%	4.54%	4.76%	3.70%	1.25%
Dividend Yield	3.52%	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	Nov '26 Nov 7, 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	14.29	11.89	19.34	12.09	13.14	8.77
Forward PE	11.20	10.09	13.33	12.20	11.67	15.01
P/FCF Ratio	14.32	9.38	13.71	7.53	11.89	12.92
PS Ratio	3.65	3.29	3.97	3.12	4.30	3.19