Heritage Financial Corporation (HFWA)

Heritage Financial Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	77.9	67.53	43.26	61.76	81.88	98.04
Depreciation & Amortization	3.49	2.13	3.23	5.6	3.09	-18.63
Gain (Loss) on Sale of Assets	-	-	-1.48	-0.61	-0.4	-4.44
Gain (Loss) on Sale of Investments	24.77	35.4	42.6	28.69	0.19	-0.38
Provision for Credit Losses	-0.99	1.97	6.28	4.28	-1.43	-29.37
Net Decrease (Increase) in Loans Originated / Sold - Operating	-	-	0.03	0.34	2.11	7.1
Other Operating Activities	-20.34	-17.15	-33.75	5.48	5.86	17.2
Operating Cash Flow	90.11	94.82	64.48	109.52	94.46	69.53
Operating Cash Flow Growth	4.10%	47.04%	-41.12%	15.95%	35.85%	-1.14%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-9.68	-9.16	-3.46	-10.38	-4.02	-3.02
Sale of Property, Plant and Equipment	-	0.05	7.54	0.08	2.21	10.62
Cash Acquisitions	155.17	-	-	-	-	-
Investment in Securities	-8.43	143.96	379.54	207.97	-981.72	-531.51
Divestitures	-	-	-	-13.83	-	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-13.29	21.6	-464.59	-280.66	-225.15	699.11
Other Investing Activities	13.54	30.3	-4.94	3.37	0.9	-11.44
Investing Cash Flow	137.31	186.75	-85.9	-93.45	-1,208	163.76

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	536.4	1,459	1,890	50.05	15.16
Total Debt Issued	865.65	536.4	1,459	1,890	50.05	15.16
Short-Term Debt Repaid	-	-899.4	-1,576	-1,436	-54.29	-
Total Debt Repaid	-962.6	-899.4	-1,576	-1,436	-54.29	-
Net Debt Issued (Repaid)	-96.95	-363	-117	453.4	-4.24	15.16
Repurchase of Common Stock	-11.14	-5.52	-22.42	-6.97	-3.2	-22.89
Common Dividends Paid	-34.34	-32.65	-31.78	-30.82	-29.49	-28.94
Net Increase (Decrease) in Deposit Accounts	-134.7	235.59	84.74	-310.3	-469.45	783.35
Financing Cash Flow	-277.14	-165.58	-86.45	105.31	-506.38	746.68

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-49.72	115.99	-107.87	121.38	-1,620	979.97

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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%
Free Cash Flow Margin	27.26%	35.08%	28.98%	41.39%	36.12%	24.65%
Free Cash Flow Per Share	2.15	2.49	1.75	2.81	2.55	1.85

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	85.63	90.15	112.22	46.14	7.71	6.79
Cash Income Tax Paid	5.29	2.69	1.77	3.2	5.04	9.89

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 23, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 14, 2026

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