HFWA
HERITAGE FINANCIAL CORP /WA/
NASDAQ · Financial Services · Banks - Regional · US
$29.35
+2.91%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 357.9M | 336.0M | 317.2M | 303.1M | 257.0M |
| Cost of Revenue | 86.6M | 92.6M | 106.6M | 63.6M | 6.6M |
| Gross Profit | 271.3M | 243.4M | 210.6M | 239.5M | 250.4M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 182.8M | 121.1M | 102.8M | 105.3M | 95.8M |
| General & Admin Expense | 181.0M | 119.9M | 101.8M | 103.4M | 94.1M |
| Selling & Marketing Expense | 1.8M | 1.3M | 988.0K | 1.9M | 1.6M |
| Other Expenses | 41.4M | 44.4M | 55.5M | 61.3M | 55.2M |
| Total Operating Expenses | 224.2M | 165.6M | 158.3M | 166.6M | 151.0M |
| Cost and Expenses | 310.7M | 258.2M | 264.9M | 230.2M | 157.6M |
| Operating Income (EBIT) | 47.1M | 77.8M | 52.3M | 72.9M | 99.4M |
| Non-Operating | |||||
| Interest Income | 367.4M | 314.2M | 309.7M | 284.5M | 227.5M |
| Interest Expense | 87.7M | 89.8M | 100.3M | 59.3M | 8.1M |
| Net Interest Income | 279.7M | 224.4M | 209.4M | 225.2M | 219.4M |
| Other Non-Op Income/Expense | 43.9M | 814.0K | — | — | — |
| Non-Operating Income (excl Interest) | (22.9M) | — | — | — | — |
| EBT (Pre-Tax Income) | 91.1M | 78.6M | 52.3M | 72.9M | 99.4M |
| Income Tax Expense | 13.6M | 11.1M | 9.0M | 11.2M | 17.6M |
| Bottom Line | |||||
| Net Income | 77.5M | 67.5M | 43.3M | 61.8M | 81.9M |
| Earnings from Cont. Ops | 77.5M | 67.5M | 43.3M | 61.8M | 81.9M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 77.5M | 67.5M | 43.3M | 61.8M | 81.9M |
| Per Share | |||||
| Basic EPS | $2.02 | $1.99 | $1.26 | $1.75 | $2.33 |
| Diluted EPS | $2.01 | $1.96 | $1.24 | $1.75 | $2.31 |
| Revenue Per Share | $8.78 | $9.89 | $9.20 | $8.60 | $7.32 |
| Shares | |||||
| Basic Shares Outstanding | 40.7M | 34.0M | 34.5M | 35.3M | 35.1M |
| Diluted Shares Outstanding | 41.2M | 34.4M | 34.9M | 35.3M | 35.5M |
| Profitability Metrics | |||||
| EBITDA | 73.2M | 79.9M | 55.5M | 78.5M | 102.5M |
| D&A | 3.2M | 2.1M | 3.2M | 5.6M | 3.1M |
| EBIT | 70.1M | 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 Sep 1, 2026