HFWA
Heritage Financial Corporation
NASDAQ · Financial Services · Banks - Regional · US
$29.18
−0.17%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 336.3M | 336.0M | 317.2M | 303.1M | 257.0M |
| Cost of Revenue | 85.3M | 92.6M | 106.6M | 63.6M | 6.6M |
| Gross Profit | 251.0M | 243.4M | 210.6M | 239.5M | 250.4M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 160.5M | 121.1M | 102.8M | 105.3M | 95.8M |
| General & Admin Expense | 159.1M | 119.9M | 101.8M | 103.4M | 94.1M |
| Selling & Marketing Expense | 1.4M | 1.3M | 988.0K | 1.9M | 1.6M |
| Other Expenses | 43.3M | 44.4M | 55.5M | 61.3M | 55.2M |
| Total Operating Expenses | 203.8M | 165.6M | 158.3M | 166.6M | 151.0M |
| Cost and Expenses | 289.1M | 258.2M | 264.9M | 230.2M | 157.6M |
| Operating Income (EBIT) | 47.2M | 77.8M | 52.3M | 72.9M | 99.4M |
| Non-Operating | |||||
| Interest Income | 346.7M | 314.2M | 309.7M | 284.5M | 227.5M |
| Interest Expense | 87.0M | 89.8M | 100.3M | 59.3M | 8.1M |
| Net Interest Income | 259.8M | 224.4M | 209.4M | 225.2M | 219.4M |
| Other Non-Op Income/Expense | 43.9M | 814.0K | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 91.1M | 78.6M | 52.3M | 72.9M | 99.4M |
| Income Tax Expense | 13.2M | 11.1M | 9.0M | 11.2M | 17.6M |
| Bottom Line | |||||
| Net Income | 77.9M | 67.5M | 43.3M | 61.8M | 81.9M |
| Earnings from Cont. Ops | 77.9M | 67.5M | 43.3M | 61.8M | 81.9M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 77.9M | 67.5M | 43.3M | 61.8M | 81.9M |
| Per Share | |||||
| Basic EPS | $2.12 | $1.99 | $1.26 | $1.75 | $2.33 |
| Diluted EPS | $2.11 | $1.96 | $1.24 | $1.75 | $2.31 |
| Revenue Per Share | $8.43 | $9.89 | $9.20 | $8.60 | $7.32 |
| Shares | |||||
| Basic Shares Outstanding | 39.9M | 34.0M | 34.5M | 35.3M | 35.1M |
| Diluted Shares Outstanding | 40.4M | 34.4M | 34.9M | 35.3M | 35.5M |
| Profitability Metrics | |||||
| EBITDA | 48.8M | 79.6M | 55.5M | 78.5M | 102.5M |
| D&A | 1.6M | 1.9M | 3.2M | 5.6M | 3.1M |
| EBIT | 47.2M | 77.8M | 52.3M | 72.9M | 99.4M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026