Heritage Financial Corporation (HFWA)

Heritage Financial Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	239.93	224.41	209.36	225.16	219.39	205.79
Net Interest Income Growth	13.43%	7.18%	-7.01%	2.63%	6.61%	2.38%
Non-Interest Income	26.53	21.73	7.47	18.66	29.59	34.62
Non-Interest Income Growth	85.82%	190.81%	-59.96%	-36.93%	-14.51%	-7.02%
Revenues Before Loan Losses	266.46	246.14	216.84	243.82	248.98	240.4
Provision for Credit Losses	0.89	1.97	6.28	4.28	-1.43	-29.37
Revenue	265.58	244.17	210.56	239.54	250.4	269.78
Revenue Growth (YoY)	20.25%	15.96%	-12.10%	-4.34%	-7.18%	33.47%
Compensation Expenses	112.2	104.02	98.53	100.08	92.09	88.77
Selling, General & Admin	48.51	44.3	42.58	46.49	41.14	43.65
Other Non-Interest Expenses	20.03	17.25	17.19	20.05	17.73	16.86
Total Non-Interest Expense	180.73	165.57	158.3	166.62	150.97	149.27
Pretax Income	84.84	78.6	52.26	72.92	99.44	120.51
Provision for Income Taxes	12.27	11.07	9	11.16	17.56	22.47
Net Income	72.57	67.53	43.26	61.76	81.88	98.04
Net Income to Common	72.57	67.53	43.26	61.76	81.88	98.04
Net Income Growth	41.13%	56.11%	-29.95%	-24.57%	-16.48%	110.51%
Shares Outstanding (Basic)	35	34	34	35	35	36
Shares Outstanding (Diluted)	36	34	35	35	35	36
Shares Change (YoY)	2.73%	-1.27%	-1.02%	-0.58%	-1.42%	-0.54%
EPS (Basic)	2.07	1.99	1.26	1.76	2.31	2.73
EPS (Diluted)	2.04	1.96	1.24	1.75	2.31	2.73
EPS Growth	37.84%	58.06%	-29.14%	-24.24%	-15.38%	111.63%
Shares Outstanding	41.13	33.96	33.99	34.91	35.1	35.17
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	0.960	0.920	0.880	0.840	0.810
Dividend Growth	-	4.35%	4.54%	4.76%	3.70%	1.25%
Profit Margin	27.32%	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	14.47%	14.08%	17.22%	15.31%	17.66%	18.65%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q