HFWA
$27.85+1.42%
Heritage Financial CorporationStock · FinancialsRussell 2000 · 0.04% of IWMRussell 3000 · 0.003% of IWVUS Stock Market · 0.002% of VTI
HFWA financial statements
The full income statement, balance sheet, and cash-flow statement for Heritage Financial Corporation (HFWA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 34.5M2024-09 34.2M2024-12 34.0M2025-03 34.1M2025-06 34.0M2025-09 34.0M2025-12 41.1M2026-03 41.2M2026-06 40.9M+18.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 246M+13.5% | 217M-11.1% | 244M-2.1% | 249M+3.6% | 240M+0.9% | ||
| Noninterest income | 21.7M+190.8% | 7.47M-60.0% | 18.7M-36.9% | 29.6M-14.5% | 34.6M-7.0% | |
| Selling & marketing | 1.25M+26.6% | 988K-48.8% | 1.93M+17.5% | 1.64M-23.3% | 2.14M-30.9% | |
| Amortization of intangibles | 1.17M-28.4% | 1.64M-32.6% | 2.43M-11.5% | 2.75M-11.6% | 3.11M-11.7% | |
| Noninterest expense | 166M+4.6% | 158M-5.0% | 167M+10.4% | 151M+1.1% | 149M+0.2% | |
| Provision for credit losses | 1.97M-68.7% | 6.28M+46.8% | 4.28M+400.1% | -1.43M+95.1% | -29.4M-181.3% | |
| Interest expense | — | — | 59.3M+634.8% | 8.07M+14.6% | 7.04M-47.1% | |
| Interest & investment income | 314M+1.5% | 310M+8.9% | 284M+25.1% | 227M+6.9% | 213M-0.7% | |
| Net interest income | 224M+7.2% | 209M-7.0% | 225M+2.6% | 219M+6.6% | 206M+2.4% | |
| Pre-tax income | 78.6M+50.4% | 52.3M-28.3% | 72.9M-26.7% | 99.4M-17.5% | 121M+126.6% | |
| Income tax | 11.1M+23.0% | 9.00M-19.3% | 11.2M-36.5% | 17.6M-21.9% | 22.5M+240.0% | |
| 67.5M+56.1% | 43.3M-30.0% | 61.8M-24.6% | 81.9M-16.5% | 98.0M+110.5% | ||
| Net income to common | 67.5M+56.1% | 43.3M-30.0% | 61.8M-24.6% | 81.9M-16.5% | 98.0M | |
| $1.96+58.1% | $1.24-29.1% | $1.75-24.2% | $2.31-15.4% | $2.73+111.6% | ||
| EPS (basic) | $1.99+57.9% | $1.26-28.4% | $1.76-24.5% | $2.33-15.3% | $2.75+113.2% | |
| Weighted-avg shares (basic) | 34.0M-1.4% | 34.5M-1.6% | 35.0M-0.2% | 35.1M-1.6% | 35.7M-0.9% | |
| Weighted-avg shares (diluted) | 34.5M-1.3% | 34.9M-1.0% | 35.3M-0.6% | 35.5M-1.4% | 36.0M-0.5% | |
| Dividends per share | $0.96+4.3% | $0.92+4.5% | $0.88+4.8% | $0.84+3.7% | $0.81+1.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 233M+99.1% | 117M-47.9% | 225M+117.2% | 104M-94.0% | 1.72B+131.8% | |
| 6.97B-2.0% | 7.11B-1.0% | 7.17B+2.8% | 6.98B-6.1% | 7.43B+12.4% | ||
| Property, plant & equipment | 74.7M+4.3% | 71.6M-4.4% | 74.9M-2.6% | 76.9M-3.1% | 79.4M-7.1% | |
| Operating lease right-of-use | 19.8M-11.6% | 22.4M-5.1% | 23.6M+4.0% | 22.7M-17.8% | 27.6M+53.3% | |
| Goodwill | 241M+0.0% | 241M+0.0% | 241M+0.0% | 241M+0.0% | 241M+0.0% | |
| Intangible assets | 1.98M-37.2% | 3.15M-34.2% | 4.79M-33.7% | 7.23M-27.6% | 9.98M-23.8% | |
| 6.05B-3.2% | 6.24B-1.2% | 6.32B+2.3% | 6.18B-6.0% | 6.58B+13.5% | ||
| Operating lease liability (total) | 22.4M-10.1% | 24.9M-2.4% | 25.5M+4.5% | 24.4M-15.3% | 28.8M+49.2% | |
| 922M+6.7% | 864M+1.2% | 853M+6.9% | 798M-6.6% | 854M+4.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 531M-0.1% | 532M-3.3% | 550M-0.5% | 552M+0.1% | 552M-3.4% | |
| Retained earnings | 422M+8.9% | 387M+3.0% | 376M+8.9% | 345M+17.8% | 293M+30.7% | |
| Accumulated other comprehensive income | -31.2M+43.5% | -55.2M+23.8% | -72.5M+27.4% | -99.8M-1162.7% | 9.40M-62.4% | |
| Total liabilities & equity | 6.97B-2.0% | 7.11B-1.0% | 7.17B+2.8% | 6.98B-6.1% | 7.43B+12.4% | |
| Common shares issued | 34.0M-0.1% | 34.0M-2.6% | 34.9M-0.6% | 35.1M+0.0% | 35.1M-2.2% | |
| Common shares outstanding | 34.0M-0.1% | 34.0M-2.6% | 34.9M-0.6% | 35.1M+0.0% | 35.1M-2.2% | |
| Shares outstanding (cover) | 41.1M+21.0% | 34.0M-2.6% | 34.9M-0.6% | 35.1M+0.0% | 35.1M-2.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 94.8M+47.0% | 64.5M-41.1% | 110M+16.0% | 94.5M+35.8% | 69.5M-1.1% | ||
| Depreciation & amortization | 956K-39.9% | 1.59M-49.8% | 3.17M+829.6% | 341K+101.6% | -21.7M-501.9% | |
| Intangible amortization | 1.17M-28.4% | 1.64M-32.6% | 2.43M-11.5% | 2.75M-11.6% | 3.11M-11.7% | |
| Deferred income taxes | -17.9M-17.3% | -15.3M-15.8% | -13.2M-1616.0% | 871K-44.7% | 1.58M+118.4% | |
| 187M+317.4% | -85.9M+8.1% | -93.4M+92.3% | -1.21B-837.5% | 164M+130.4% | ||
| Capital expenditure | 9.16M+164.7% | 3.46M-66.7% | 10.4M+158.4% | 4.02M+33.1% | 3.02M-56.9% | |
| Free cash flow | 85.7M+40.4% | 61.0M-38.5% | 99.1M+9.6% | 90.4M+36.0% | 66.5M+5.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 125M-4.0% | 130M-27.0% | 179M-1.5% | 181M-28.7% | 255M-3.6% | |
| Proceeds from sale of PP&E | 52.0K-35.8% | 81.0K+3.8% | 78.0K-26.4% | 106K+63.1% | 65.0K-88.3% | |
| -166M-91.5% | -86.5M-182.1% | 105M+120.8% | -506M-167.8% | 747M-24.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 5.52M-75.4% | 22.4M+221.5% | 6.97M+118.2% | 3.20M-86.0% | 22.9M+19.7% | |
| Dividends paid | 32.6M+2.7% | 31.8M+3.1% | 30.8M+4.5% | 29.5M+1.9% | 28.9M+0.3% | |
| Net change in cash | 116M+207.5% | -108M-188.9% | 121M+107.5% | -1.62B-265.3% | 980M+90.4% | |
| Interest paid | 90.1M-19.7% | 112M+143.2% | 46.1M+498.5% | 7.71M+13.5% | 6.79M-48.3% | |
| Income taxes paid | 2.69M+52.1% | 1.77M-44.7% | 3.20M-36.5% | 5.04M-49.1% | 9.89M-26.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 973M+16.8% | 833M+11.6% | 747M-30.6% | 1.08B+25.4% | 858M+2.1% | |
| P/E | 14.4×-25.2% | 19.3×+101.3% | 9.6×-30.0% | 13.7×+56.1% | 8.8×-51.5% | |
| P/S | 4.0×+2.9% | 3.8×+35.2% | 2.8×-37.4% | 4.5×+27.1% | 3.6×+1.2% | |
| P/B | 1.1×+9.5% | 1.0×+5.1% | 0.9×-33.7% | 1.4×+37.9% | 1.0×-1.9% | |
| P/FCF | 11.4×-16.8% | 13.6×+82.1% | 7.5×-45.5% | 13.8×+6.7% | 12.9×-2.7% | |
| Earnings yield | 6.9%+33.7% | 5.2%-50.3% | 10.5%+42.9% | 7.3%-35.9% | 11.4%+106.1% | |
| FCF yield | 8.8%+20.2% | 7.3%-45.1% | 13.3%+83.6% | 7.3%-6.3% | 7.8%+2.8% | |
| Dividend yield | 4.1%+8.1% | 3.8%-8.7% | 4.1%+50.1% | 2.7%-17.3% | 3.3%-3.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HFWA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HFWA filings on SEC EDGAR → Not investment advice.