Heritage Financial Corporation (HFWA)

Heritage Financial Cash Flow 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 Income	72.57	67.53	43.26	61.76	81.88	98.04
Depreciation & Amortization	2.42	2.13	3.23	5.6	3.09	-18.63
Provision for Credit Losses	0.89	1.97	6.28	4.28	-1.43	-29.37
Stock-Based Compensation	4.95	4.94	4.34	4.33	3.8	3.67
Net Change in Loans Held-for-Sale	-	-	0.03	0.34	2.11	7.1
Other Adjustments	-15.94	18.25	7.34	33.22	5.01	8.73
Operating Cash Flow	89.54	94.82	64.48	109.52	94.46	69.53
Operating Cash Flow Growth	26.40%	47.04%	-41.12%	15.95%	35.85%	-1.14%
Net Change in Loans Held-for-Investment	0.18	21.6	-464.59	-280.66	-225.15	699.11
Net Change in Securities and Investments	63.91	207.31	406.23	246.22	-963.53	-499.24
Payments for Business Acquisitions	-	-	-	-13.83	-18.19	-
Proceeds from Business Divestments	155.17	-	-	-	-	-
Capital Expenditures	-9.29	-9.16	-3.46	-10.38	-4.02	-3.02
Sale of Property, Plant & Equipment	0.04	0.05	0.08	0.08	0.11	0.07
Other Investing Activities	-11.59	-33.05	-24.17	-34.88	3	-33.15
Investing Cash Flow	198.42	186.75	-85.9	-93.45	-1,208	163.76
Net Change in Deposits	14.21	235.59	84.74	-310.3	-469.45	783.35
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-	-	-	-46.6	-4.24	15.16
Long-Term Debt Issued	563.9	536.4	1,459	1,890	50.05	-
Long-Term Debt Repaid	-808.3	-899.4	-1,576	-1,390	-50.05	-
Net Long-Term Debt Issued (Repaid)	-244.4	-363	-117	500	0	-
Repurchase of Common Stock	-5.64	-5.52	-22.42	-6.97	-3.2	-22.89
Net Common Stock Issued (Repurchased)	-5.64	-5.52	-22.42	-6.97	-3.2	-22.89
Common Dividends Paid	-32.64	-32.65	-31.78	-30.82	-29.49	-28.94
Financing Cash Flow	-268.48	-165.58	-86.45	105.31	-506.38	746.68
Net Cash Flow	19.48	115.99	-107.87	121.38	-1,620	979.97
Free Cash Flow	80.25	85.66	61.02	99.15	90.44	66.51
Free Cash Flow Growth	-6.32%	40.38%	-38.45%	9.63%	35.98%	5.02%
FCF Margin	30.22%	35.08%	28.98%	41.39%	36.12%	24.65%
Free Cash Flow Per Share	0.01	2.49	1.75	2.81	2.55	1.85
Levered Free Cash Flow	-178.7	-302.49	-73.97	556.98	80.95	76.39
Unlevered Free Cash Flow	-6.87	-7.03	-0.23	-4.77	-0.93	-21.65

Updated May 8, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q