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 17 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).
Balance-sheet leverage, not top-line growth, appears to drive results, with small asset-return changes producing large profit swings.
From FY2024 to FY2025, revenue barely moved, yet return on assets rose from0.6% to1.0% . Because liabilities still fund most assets, that modest shift helped lift return on equity to7.3% , showing how a heavily funded balance sheet can amplify small operating improvements.
The rebound was also backed by cash conversion: operating cash flow of
Balance-sheet posture improved a bit even without much top-line help, as cash more than doubled from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Heritage Finl Corp Wash's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Heritage Finl Corp Wash passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Heritage Finl Corp Wash generates $1.40 in operating cash flow ($94.8M OCF vs $67.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Heritage Finl Corp Wash generated $314.2M in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Heritage Finl Corp Wash reported $67.5M in net income in fiscal year 2025. This represents an increase of 56.1% from the prior year.
Heritage Finl Corp Wash earned $1.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 58.1% from the prior year.
Cash & Balance Sheet
Heritage Finl Corp Wash generated $85.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 40.4% from the prior year.
Heritage Finl Corp Wash held $233.1M in cash against $0 in long-term debt as of fiscal year 2025.
Heritage Finl Corp Wash paid $0.96 per share in dividends in fiscal year 2025. This represents an increase of 4.3% from the prior year.
Heritage Finl Corp Wash had 34M shares outstanding in fiscal year 2025. This represents a decrease of 0.1% from the prior year.
Margins & Returns
Heritage Finl Corp Wash's net profit margin was 21.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.5 percentage points from the prior year.
Heritage Finl Corp Wash's ROE was 7.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.
Capital Allocation
Heritage Finl Corp Wash spent $5.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.4% from the prior year.
Heritage Finl Corp Wash invested $9.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 164.7% from the prior year.
HFWA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90.7M+15.0% | $78.9M-0.8% | $79.5M+1.3% | $78.5M+1.5% | $77.4M-2.0% | $79.0M-1.1% | $79.8M+4.2% | $76.6M |
| 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 | $34.0M+27.4% | $26.7M+2.3% | $26.1M+2.4% | $25.5M-1.3% | $25.8M+6.4% | $24.2M-0.5% | $24.4M-0.3% | $24.4M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $21.5M+4.7% | $20.5M-7.4% | $22.1M-5.9% | $23.5M-0.7% | $23.7M-6.0% | $25.2M-6.2% | $26.9M+5.5% | $25.5M |
| Income Tax | $3.5M+0.2% | $3.4M+9.7% | $3.1M+39.8% | $2.2M-0.2% | $2.2M-48.9% | $4.4M+167.9% | $1.6M-10.5% | $1.8M |
| Net Income | $18.9M-14.8% | $22.2M+16.0% | $19.2M+56.9% | $12.2M-12.2% | $13.9M+16.6% | $11.9M+4.4% | $11.4M-19.3% | $14.2M |
| EPS (Diluted) | $0.48 | N/A | $0.55+52.8% | $0.36-10.0% | $0.40 | N/A | $0.33-19.5% | $0.41 |
HFWA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.5B+22.0% | $7.0B-0.6% | $7.0B-0.8% | $7.1B-0.8% | $7.1B+0.3% | $7.1B-0.7% | $7.2B+1.3% | $7.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $268.1M+15.0% | $233.1M-5.1% | $245.5M-3.4% | $254.1M+2.2% | $248.7M+112.3% | $117.1M-33.3% | $175.6M+54.3% | $113.8M |
| 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 | $279.0M+15.8% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M0.0% | $240.9M |
| Total Liabilities | $7.4B+22.1% | $6.0B-1.0% | $6.1B-1.2% | $6.2B-1.1% | $6.2B+0.1% | $6.2B-0.6% | $6.3B+1.1% | $6.2B |
| 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 | $1.1B+21.1% | $921.5M+1.9% | $904.1M+1.8% | $888.2M+0.8% | $881.5M+2.1% | $863.5M-1.3% | $874.5M+2.8% | $850.5M |
| Retained Earnings | $432.3M+2.5% | $421.6M+3.4% | $407.6M+2.8% | $396.6M+1.0% | $392.7M+1.5% | $387.1M+1.0% | $383.1M+0.9% | $379.7M |
HFWA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.0M-50.1% | $28.0M+11.6% | $25.1M+11.3% | $22.5M+16.9% | $19.3M-6.6% | $20.6M-14.7% | $24.2M+256.0% | $6.8M |
| Capital Expenditures | $1.3M-77.2% | $5.7M+741.9% | $678K-57.6% | $1.6M+36.3% | $1.2M+46.1% | $802K-14.8% | $941K+14.3% | $823K |
| Free Cash Flow | $12.7M-43.1% | $22.3M-8.7% | $24.4M+16.6% | $20.9M+15.7% | $18.1M-8.8% | $19.8M-14.7% | $23.2M+289.3% | $6.0M |
| Investing Cash Flow | $90.9M+293.8% | $23.1M-13.4% | $26.6M-53.9% | $57.8M-26.9% | $79.2M+280.0% | -$44.0M-102.2% | -$21.8M+59.4% | -$53.6M |
| Financing Cash Flow | -$69.8M-9.9% | -$63.5M-5.2% | -$60.3M+19.5% | -$74.9M-326.2% | $33.1M+194.4% | -$35.1M-159.1% | $59.4M+304.4% | -$29.1M |
| Dividends Paid | $8.2M0.0% | $8.2M0.0% | $8.1M-0.5% | $8.2M+0.4% | $8.2M+3.9% | $7.9M-0.8% | $7.9M-0.7% | $8.0M |
| Share Buybacks | $960K+2081.8% | $44K+83.3% | $24K-99.5% | $4.6M+450.2% | $838K-80.8% | $4.4M-42.0% | $7.5M+70.9% | $4.4M |
HFWA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 20.9%-7.3pp | 28.2%+4.1pp | 24.1%+8.6pp | 15.6%-2.4pp | 18.0%+2.9pp | 15.1%+0.8pp | 14.3%-4.2pp | 18.5% |
| Return on Equity | 1.7%-0.7pp | 2.4%+0.3pp | 2.1%+0.7pp | 1.4%-0.2pp | 1.6%+0.2pp | 1.4%+0.1pp | 1.3%-0.3pp | 1.7% |
| Return on Assets | 0.2%-0.1pp | 0.3%+0.1pp | 0.3%+0.1pp | 0.2%-0.0pp | 0.2%+0.0pp | 0.2%0.0pp | 0.2%-0.0pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.62+0.1 | 6.56-0.2 | 6.76-0.2 | 6.96-0.1 | 7.09-0.1 | 7.23+0.0 | 7.18-0.1 | 7.30 |
| FCF Margin | 14.0%-14.3pp | 28.2%-2.4pp | 30.7%+4.0pp | 26.6%+3.3pp | 23.4%-1.7pp | 25.1%-4.0pp | 29.1%+21.3pp | 7.8% |
Similar Companies
Frequently Asked Questions
What is Heritage Finl Corp Wash's annual revenue?
Heritage Finl Corp Wash (HFWA) reported $314.2M in total revenue for fiscal year 2025. This represents a 1.5% 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 1.5% year-over-year, from $309.7M to $314.2M in fiscal year 2025.
Is Heritage Finl Corp Wash profitable?
Yes, Heritage Finl Corp Wash (HFWA) reported a net income of $67.5M in fiscal year 2025, with a net profit margin of 21.5%.
What is Heritage Finl Corp Wash's net profit margin?
Heritage Finl Corp Wash (HFWA) had a net profit margin of 21.5% in fiscal year 2025, 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 $0.96 per share in dividends during fiscal year 2025.
What is Heritage Finl Corp Wash's return on equity (ROE)?
Heritage Finl Corp Wash (HFWA) has a return on equity of 7.3% for fiscal year 2025, 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 $85.7M in free cash flow during fiscal year 2025. This represents a 40.4% 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 $94.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Heritage Finl Corp Wash's total assets?
Heritage Finl Corp Wash (HFWA) had $7.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Heritage Finl Corp Wash's capital expenditures?
Heritage Finl Corp Wash (HFWA) invested $9.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Heritage Finl Corp Wash's debt-to-equity ratio?
Heritage Finl Corp Wash (HFWA) had a debt-to-equity ratio of 6.56 as of fiscal year 2025, 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 1.0% for fiscal year 2025, 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 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.40x, 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 49 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.