Heritage Finl Corp Wash Financials
This page shows Heritage Finl Corp Wash (HFWA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Heritage Finl Corp Wash's revenue grew 8.9% year-over-year to $309.7M, a solid pace of expansion. This earns a growth score of 54/100.
Heritage Finl Corp Wash has elevated debt relative to equity (D/E of 7.23), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Heritage Finl Corp Wash converts 19.7% of revenue into free cash flow ($61.0M). This strong cash generation earns a score of 99/100.
Heritage Finl Corp Wash generates a 5.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is down from 7.2% the prior year.
Heritage Finl Corp Wash passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Heritage Finl Corp Wash generates $1.49 in operating cash flow ($64.5M OCF vs $43.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Heritage Finl Corp Wash generated $309.7M in revenue in fiscal year 2024. This represents an increase of 8.9% from the prior year.
Heritage Finl Corp Wash generated $61.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 38.5% from the prior year.
Heritage Finl Corp Wash reported $43.3M in net income in fiscal year 2024. This represents a decrease of 30.0% from the prior year.
Heritage Finl Corp Wash earned $1.24 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 29.1% from the prior year.
Heritage Finl Corp Wash held $117.1M in cash against $0 in long-term debt as of fiscal year 2024.
Heritage Finl Corp Wash paid $0.92 per share in dividends in fiscal year 2024. This represents an increase of 4.5% from the prior year.
Heritage Finl Corp Wash had 34M shares outstanding in fiscal year 2024. This represents a decrease of 2.6% from the prior year.
Heritage Finl Corp Wash's net profit margin was 14.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.7 percentage points from the prior year.
Heritage Finl Corp Wash's ROE was 5.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.
Heritage Finl Corp Wash spent $22.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 221.5% from the prior year.
Heritage Finl Corp Wash invested $3.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 66.7% from the prior year.
HFWA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.5M+1.3% | $78.5M+1.5% | $77.4M-2.0% | $79.0M+3.1% | $76.6M+3.0% | $74.4M+0.1% | $74.3M+1.1% | $73.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $22.1M-5.9% | $23.5M-0.7% | $23.7M-6.0% | $25.2M-1.1% | $25.5M+11.6% | $22.8M+11.9% | $20.4M+14.2% | $17.8M |
| Income Tax | $3.1M+39.8% | $2.2M-0.2% | $2.2M-48.9% | $4.4M+139.8% | $1.8M+63.9% | $1.1M+225.6% | $344K-90.4% | $3.6M |
| Net Income | $19.2M+56.9% | $12.2M-12.2% | $13.9M+16.6% | $11.9M-15.8% | $14.2M+146.3% | $5.7M-7.8% | $6.2M-65.8% | $18.2M |
| EPS (Diluted) | $0.55+52.8% | $0.36-10.0% | $0.40+17.6% | $0.34-17.1% | $0.41+156.2% | $0.16-11.1% | $0.18-64.7% | $0.51 |
HFWA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.0B-0.8% | $7.1B-0.8% | $7.1B+0.3% | $7.1B+0.7% | $7.1B-0.4% | $7.1B-1.2% | $7.2B+0.3% | $7.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $245.5M-3.4% | $254.1M+2.2% | $248.7M+112.3% | $117.1M+2.9% | $113.8M-40.0% | $189.6M-15.7% | $225.0M+2.0% | $220.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M |
| Total Liabilities | $6.1B-1.2% | $6.2B-1.1% | $6.2B+0.1% | $6.2B+0.5% | $6.2B-0.6% | $6.2B-1.2% | $6.3B-0.2% | $6.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $904.1M+1.8% | $888.2M+0.8% | $881.5M+2.1% | $863.5M+1.5% | $850.5M+0.3% | $847.6M-0.7% | $853.3M+4.9% | $813.5M |
| Retained Earnings | $407.6M+2.8% | $396.6M+1.0% | $392.7M+1.5% | $387.1M+1.9% | $379.7M+1.6% | $373.6M-0.6% | $376.0M-0.4% | $377.5M |
HFWA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.1M+11.3% | $22.5M+16.9% | $19.3M-6.6% | $20.6M+203.6% | $6.8M-47.4% | $12.9M-58.3% | $31.0M-0.5% | $31.1M |
| Capital Expenditures | $678K-57.6% | $1.6M+36.3% | $1.2M+46.1% | $802K-2.6% | $823K-7.8% | $893K-20.7% | $1.1M-70.2% | $3.8M |
| Free Cash Flow | $24.4M+16.6% | $20.9M+15.7% | $18.1M-8.8% | $19.8M+232.1% | $6.0M-50.3% | $12.0M-59.8% | $29.8M+9.2% | $27.3M |
| Investing Cash Flow | $26.6M-53.9% | $57.8M-26.9% | $79.2M+280.0% | -$44.0M+18.0% | -$53.6M-260.2% | $33.5M+424.5% | -$10.3M-119.8% | $52.1M |
| Financing Cash Flow | -$60.3M+19.5% | -$74.9M-326.2% | $33.1M+194.4% | -$35.1M-20.8% | -$29.1M+64.4% | -$81.7M-405.0% | -$16.2M-155.8% | $29.0M |
| Dividends Paid | $8.1M-0.5% | $8.2M+0.4% | $8.2M+3.9% | $7.9M-1.5% | $8.0M-0.6% | $8.0M+4.5% | $7.7M-0.4% | $7.7M |
| Share Buybacks | $24K-99.5% | $4.6M+450.2% | $838K-80.8% | $4.4M-1.0% | $4.4M-28.0% | $6.1M+24372.0% | $25K-99.0% | $2.6M |
HFWA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 24.1%+8.6pp | 15.6%-2.4pp | 18.0%+2.9pp | 15.1%-3.4pp | 18.5%+10.8pp | 7.7%-0.7pp | 8.4%-16.4pp | 24.8% |
| Return on Equity | 2.1%+0.7pp | 1.4%-0.2pp | 1.6%+0.2pp | 1.4%-0.3pp | 1.7%+1.0pp | 0.7%-0.1pp | 0.7%-1.5pp | 2.2% |
| Return on Assets | 0.3%+0.1pp | 0.2%-0.0pp | 0.2%+0.0pp | 0.2%-0.0pp | 0.2%+0.1pp | 0.1%0.0pp | 0.1%-0.2pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.76-0.2 | 6.96-0.1 | 7.09-0.1 | 7.23-0.1 | 7.30-0.1 | 7.37-0.0 | 7.41-0.4 | 7.79 |
| FCF Margin | 30.7%+4.0pp | 26.6%+3.3pp | 23.4%-1.7pp | 25.1%+17.3pp | 7.8%-8.4pp | 16.2%-24.0pp | 40.2%+3.0pp | 37.2% |
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Frequently Asked Questions
What is Heritage Finl Corp Wash's annual revenue?
Heritage Finl Corp Wash (HFWA) reported $309.7M in total revenue for fiscal year 2024. This represents a 8.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Heritage Finl Corp Wash's revenue growing?
Heritage Finl Corp Wash (HFWA) revenue grew by 8.9% year-over-year, from $284.5M to $309.7M in fiscal year 2024.
Is Heritage Finl Corp Wash profitable?
Yes, Heritage Finl Corp Wash (HFWA) reported a net income of $43.3M in fiscal year 2024, with a net profit margin of 14.0%.
What is Heritage Finl Corp Wash's earnings per share (EPS)?
Heritage Finl Corp Wash (HFWA) reported diluted earnings per share of $1.24 for fiscal year 2024. This represents a -29.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Heritage Finl Corp Wash's net profit margin?
Heritage Finl Corp Wash (HFWA) had a net profit margin of 14.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Heritage Finl Corp Wash pay dividends?
Yes, Heritage Finl Corp Wash (HFWA) paid $0.92 per share in dividends during fiscal year 2024.
What is Heritage Finl Corp Wash's return on equity (ROE)?
Heritage Finl Corp Wash (HFWA) has a return on equity of 5.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Heritage Finl Corp Wash's free cash flow?
Heritage Finl Corp Wash (HFWA) generated $61.0M in free cash flow during fiscal year 2024. This represents a -38.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Heritage Finl Corp Wash's operating cash flow?
Heritage Finl Corp Wash (HFWA) generated $64.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Heritage Finl Corp Wash's total assets?
Heritage Finl Corp Wash (HFWA) had $7.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Heritage Finl Corp Wash's capital expenditures?
Heritage Finl Corp Wash (HFWA) invested $3.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Heritage Finl Corp Wash buy back shares?
Yes, Heritage Finl Corp Wash (HFWA) spent $22.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Heritage Finl Corp Wash have outstanding?
Heritage Finl Corp Wash (HFWA) had 34M shares outstanding as of fiscal year 2024.
What is Heritage Finl Corp Wash's debt-to-equity ratio?
Heritage Finl Corp Wash (HFWA) had a debt-to-equity ratio of 7.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Heritage Finl Corp Wash's return on assets (ROA)?
Heritage Finl Corp Wash (HFWA) had a return on assets of 0.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Heritage Finl Corp Wash's Piotroski F-Score?
Heritage Finl Corp Wash (HFWA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Heritage Finl Corp Wash's earnings high quality?
Heritage Finl Corp Wash (HFWA) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Heritage Finl Corp Wash?
Heritage Finl Corp Wash (HFWA) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.