What is Heritage Financial Corp's earnings per share (EPS)?

Heritage Financial Corp (HFWA) reported diluted earnings per share of $1.96 for fiscal year 2025. This represents a 58.1% 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.

Heritage Financial (HFWA) Financials

HFWA NASDAQ

Trailing 12 months to June 30, 2026

Revenue $294.1M +30.2% YoY

Net Income $77.9M +57.4% YoY

EPS (Diluted) $2.10 +46.9% YoY

Free Cash Flow $80.4M -2.0% YoY

Market Cap $1.2B as of Oct 26, 2026

Price / Sales 4.0x on $294.1M revenue, trailing 12 months to June 30, 2026

Price / Earnings 15.2x on $77.9M net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $1.1B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HFWA SEC filings page.

Heritage Financial Corp (HFWA) reported $294.1M in revenue over the twelve months to Jun 30, 2026, up 30.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI HFWA FY2025 2026-10-25

FY2025 restored earnings and cash generation, while a smaller liability base and larger equity cushion changed the balance-sheet posture.

The earnings recovery was cash-backed: net income rose 56.1% and operating cash flow rose 47.0% from FY2024, meaning cash generation followed the rebound but did not fully match its accounting pace. The lower funding burden—interest expense fell 10.5%—also contributed, so the improvement was not explained by revenue growth alone.

Balance-sheet leverage eased: liabilities fell 3.2% in FY2025, while equity rose 6.7%. That left liabilities at 86.8% of assets, down from 87.8% in FY2024, indicating structural improvement rather than a lightly financed model.

Cash conversion remained favorable: operating cash flow of $94.8M exceeded net income of $67.5M, indicating reported profit converted into more cash than earnings alone imply. Free cash flow reached $85.7M after $9.2M of capital spending, while capital expenditures rose 164.7% from FY2024, showing the recovery required a sharper investment step-up.

Financial Health Signals

Financial Health Score 51/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Financial Corp'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.

Earnings

Heritage Financial Corp earned a return on assets of 1.0% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.6% the prior year. Earnings ranks banks on that return over three years, and Heritage Financial Corp scores 48/100 among other banks.

Growth

Heritage Financial Corp reported revenue of $246.1M in fiscal year 2025, against $216.8M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Heritage Financial Corp scores 18/100 among other banks.

Capital

Heritage Financial Corp funded 13.2% of its assets with shareholders' equity at the end of fiscal year 2025, holding $921.5M of equity against $7.0B of assets. Capital ranks banks on that cushion, and Heritage Financial Corp scores 72/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Heritage Financial Corp scores 33/100 on it among other banks.

Credit Quality

Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Heritage Financial Corp scores 87/100 on it among other banks.

Stability

Heritage Financial Corp reported net income of $67.5M in fiscal year 2025, against $43.3M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Heritage Financial Corp scores 49/100 among other banks.

Piotroski F-Score Partial

5/6

Heritage Financial Corp passes 5 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), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.

Key Financial Metrics

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Earnings & Revenue

Revenue

$84.1M

YoY+48.9%

QoQ+8.0%

5Y CAGR+6.1%

10Y CAGR+7.8%

Heritage Financial Corp generated $84.1M in revenue in Q2 2026. This represents an increase of 48.9% from the same quarter a year earlier. Against the prior quarter it is up 8.0%.

Net Income

$17.5M

YoY+43.6%

QoQ-7.4%

5Y CAGR-11.7%

10Y CAGR+7.0%

Heritage Financial Corp reported $17.5M in net income in Q2 2026. This represents an increase of 43.6% from the same quarter a year earlier. Against the prior quarter it is down 7.4%.

EPS (Diluted)

$0.42

YoY+16.7%

QoQ-12.5%

5Y CAGR-14.1%

10Y CAGR+3.4%

Heritage Financial Corp earned $0.42 per diluted share (EPS) in Q2 2026. This represents an increase of 16.7% from the same quarter a year earlier. Against the prior quarter it is down 12.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$21.1M

YoY+0.9%

QoQ+66.5%

5Y CAGR+1.7%

10Y CAGR+7.2%

Heritage Financial Corp generated $21.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 66.5%.

Cash & Debt

$204.4M

YoY-19.6%

QoQ-23.8%

5Y CAGR-30.6%

10Y CAGR+7.5%

Heritage Financial Corp held $204.4M in cash as of Q2 2026; no long-term debt figure is on record for that period.

Dividends Per Share

$0.24

YoY0.0%

QoQ0.0%

5Y CAGR+3.7%

10Y CAGR+7.2%

Heritage Financial Corp paid $0.24 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

41M

YoY+20.5%

QoQ-0.7%

5Y CAGR+2.6%

10Y CAGR+3.2%

Heritage Financial Corp had 41M shares outstanding in Q2 2026. This represents an increase of 20.5% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

Margins & Returns

Net Margin

20.9%

YoY-0.8pp

QoQ-3.5pp

5Y change-31.4pp

10Y change-1.6pp

Heritage Financial Corp's net profit margin was 20.9% in Q2 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.

Return on Equity

1.6%

YoY+0.2pp

QoQ-0.1pp

5Y change-2.2pp

10Y change-0.2pp

Heritage Financial Corp's quarterly ROE was 1.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$10.1M

YoY+119.3%

QoQ+953.3%

5Y CAGR+170.4%

10Y CAGR+46.4%

Heritage Financial Corp spent $10.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 119.3% from the same quarter a year earlier. Against the prior quarter it is up 953.3%.

Capital Expenditures

$2.0M

YoY+24.7%

QoQ+53.0%

5Y CAGR+9.4%

10Y CAGR+9.6%

Heritage Financial Corp invested $2.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 24.7% from the same quarter a year earlier. Against the prior quarter it is up 53.0%.

R&D Spending

Not reported for Q2 2026.

HFWA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HFWA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$294.1M	$246.1M+13.5%	$216.8M-11.1%	$243.8M-2.1%	$249.0M+3.6%	$240.4M+0.9%	$238.2M+2.6%	$232.1M+6.2%	$218.6M+25.0%	$174.9M+6.6%	$164.1M+1.4%	$161.9M+22.7%	$131.9M+70.5%	$77.4M+7.7%	$71.8M-2.0%	$73.3M
Interest Expense	$87.0M	$89.8M-10.5%	$100.3M+69.2%	$59.3M+634.8%	$8.1M+14.6%	$7.0M-47.1%	$13.3M-26.7%	$18.2M+46.4%	$12.4M+48.7%	$8.3M+39.0%	$6.0M-1.9%	$6.1M+7.7%	$5.7M+52.6%	$3.7M-17.9%	$4.5M-31.1%	$6.6M
Income Tax	$13.2M	$11.1M+23.0%	$9.0M-19.3%	$11.2M-36.5%	$17.6M-21.9%	$22.5M+240.0%	$6.6M-51.0%	$13.5M+20.0%	$11.2M-38.8%	$18.4M+33.0%	$13.8M-0.1%	$13.8M+100.1%	$6.9M+50.3%	$4.6M-25.7%	$6.2M+134.6%	$2.6M
Net Income	$77.9M	$67.5M+56.1%	$43.3M-30.0%	$61.8M-24.6%	$81.9M-16.5%	$98.0M+110.5%	$46.6M-31.1%	$67.6M+27.3%	$53.1M+27.0%	$41.8M+7.4%	$38.9M+3.8%	$37.5M+78.4%	$21.0M+119.5%	$9.6M-27.8%	$13.3M+103.5%	$6.5M
EPS (Basic)	N/A	$1.99+57.9%	$1.26-28.4%	$1.76-24.5%	$2.33-15.3%	$2.75+113.2%	$1.29-29.9%	$1.84+23.5%	$1.49+7.2%	$1.39+6.9%	$1.30+4.0%	$1.25	$0.01	$0.01	$0.87+107.1%	$0.42
EPS (Diluted)	$2.10	$1.96+58.1%	$1.24-29.1%	$1.75-24.2%	$2.31-15.4%	$2.73+111.6%	$1.29-29.5%	$1.83+22.8%	$1.49+7.2%	$1.39+6.9%	$1.30+4.0%	$1.25	$0.01	$0.01	$0.87+107.1%	$0.42
Diluted Shares (Avg)	N/A	34M-1.3%	35M-1.0%	35M-0.6%	35M-1.4%	36M-0.5%	36M-2.2%	37M+4.6%	35M+18.5%	30M+0.5%	30M-0.4%	30M	25M	15M	15M-2.6%	15M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$84.1M+48.9%	$77.9M+35.3%	$66.3M+16.3%	$65.7M+19.9%	$56.5M+0.3%	$57.6M+18.4%	$57.1M+12.5%	$54.8M-11.5%
Interest Expense	$22.9M-2.8%	$21.5M-9.4%	$20.5M-18.6%	$22.1M-17.6%	$23.5M-7.7%	$23.7M+3.7%	$25.2M+23.6%	$26.9M+50.5%
Income Tax	$3.2M+41.6%	$3.5M+53.5%	$3.4M-21.8%	$3.1M+90.9%	$2.2M+22.2%	$2.2M+100.7%	$4.4M+1179.7%	$1.6M-54.1%
Net Income	$17.5M+43.6%	$18.9M+36.2%	$22.2M+86.4%	$19.2M+67.8%	$12.2M-13.7%	$13.9M+142.0%	$11.9M+91.4%	$11.4M-37.3%
EPS (Basic)	$0.42+16.7%	$0.49+19.5%	$0.66+88.6%	$0.56+69.7%	$0.36-12.2%	$0.41+141.2%	$0.35+94.4%	$0.33-36.5%
EPS (Diluted)	$0.42+16.7%	$0.48+20.0%	$0.65+91.2%	$0.55+66.7%	$0.36-12.2%	$0.40+150.0%	$0.34+88.9%	$0.33-35.3%
Diluted Shares (Avg)	42M+20.6%	39M+13.3%	N/A	34M-0.7%	34M-1.4%	35M-2.0%	N/A	35M-1.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

HFWA Balance Sheet

HFWA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$7.0B-2.0%	$7.1B-1.0%	$7.2B+2.8%	$7.0B-6.1%	$7.4B+12.4%	$6.6B+19.1%	$5.6B+4.4%	$5.3B+29.3%	$4.1B+6.0%	$3.9B+6.3%	$3.7B+5.6%	$3.5B+108.4%	$1.7B+23.3%	$1.3B-1.7%	$1.4B
Cash & Equivalents	$233.1M+99.1%	$117.1M-47.9%	$225.0M+117.2%	$103.6M-94.0%	$1.7B+131.8%	$743.3M+225.2%	$228.6M+41.2%	$161.9M+57.2%	$103.0M-0.7%	$103.7M-18.1%	$126.6M+4.1%	$121.6M-6.7%	$130.4M+25.1%	$104.3M-15.3%	$123.2M
Goodwill	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M+102.4%	$119.0M0.0%	$119.0M0.0%	$119.0M0.0%	$119.0M+305.3%	$29.4M+125.7%	$13.0M0.0%	$13.0M
Total Liabilities	$6.0B-3.2%	$6.2B-1.2%	$6.3B+2.3%	$6.2B-6.0%	$6.6B+13.5%	$5.8B+22.2%	$4.7B+4.1%	$4.6B+26.4%	$3.6B+6.1%	$3.4B+6.8%	$3.2B+5.9%	$3.0B+108.1%	$1.4B+25.9%	$1.1B-1.7%	$1.2B
Total Equity	$921.5M+6.7%	$863.5M+1.2%	$853.3M+6.9%	$797.9M-6.6%	$854.4M+4.1%	$820.4M+1.4%	$809.3M+6.4%	$760.7M+49.7%	$508.3M+5.5%	$481.8M+2.5%	$470.0M+3.4%	$454.5M+110.7%	$215.8M+8.5%	$198.9M-1.8%	$202.5M
Retained Earnings	$421.6M+8.9%	$387.1M+3.0%	$376.0M+8.9%	$345.3M+17.8%	$293.2M+30.7%	$224.4M+5.6%	$212.5M+20.5%	$176.4M+18.4%	$149.0M+18.9%	$125.3M+16.1%	$108.0M+25.0%	$86.4M+10.4%	$78.3M+3.9%	$75.4M+1.5%	$74.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$8.4B+19.2%	$8.5B+19.2%	$7.0B-2.0%	$7.0B-2.0%	$7.1B+0.2%	$7.1B+0.5%	$7.1B-1.0%	$7.2B0.0%
Cash & Equivalents	$204.4M-19.6%	$268.1M+7.8%	$233.1M+99.1%	$245.5M+39.8%	$254.1M+123.4%	$248.7M+31.1%	$117.1M-47.9%	$175.6M-20.4%
Goodwill	$279.0M+15.8%	$279.0M+15.8%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%	$240.9M0.0%
Total Liabilities	$7.3B+18.4%	$7.4B+18.2%	$6.0B-3.2%	$6.1B-2.7%	$6.2B-0.4%	$6.2B+0.1%	$6.2B-1.2%	$6.3B-0.9%
Total Equity	$1.1B+24.9%	$1.1B+26.6%	$921.5M+6.7%	$904.1M+3.4%	$888.2M+4.4%	$881.5M+4.0%	$863.5M+1.2%	$874.5M+7.5%
Retained Earnings	$439.8M+10.9%	$432.3M+10.1%	$421.6M+8.9%	$407.6M+6.4%	$396.6M+4.5%	$392.7M+5.1%	$387.1M+3.0%	$383.1M+1.5%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

HFWA Cash Flow Statement

HFWA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$90.1M	$94.8M+47.0%	$64.5M-41.1%	$109.5M+16.0%	$94.5M+35.8%	$69.5M-1.1%	$70.3M-24.0%	$92.5M+2.3%	$90.4M+23.0%	$73.5M+36.2%	$54.0M+5.0%	$51.4M+0.1%	$51.3M+66.2%	$30.9M+10.8%	$27.9M+33.6%	$20.9M
Depreciation & Amortization	N/A	$956K-39.9%	$1.6M-49.8%	$3.2M+829.6%	$341Kn/m	-$21.7Mn/m	-$3.6M-125.6%	$14.1M-19.9%	$17.6M+64.6%	$10.7M-15.8%	$12.7M-9.0%	$14.0M+8.4%	$12.9M+138.1%	$5.4M+26.1%	$4.3M+96.3%	$2.2M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0-100.0%	$20K-71.8%	$71K-33.0%	$106K-35.8%	$165K
Capital Expenditures	$9.7M	$9.2M+164.7%	$3.5M-66.7%	$10.4M+158.4%	$4.0M+33.1%	$3.0M-56.9%	$7.0M-46.3%	$13.0M-43.9%	$23.3M+659.5%	$3.1M-54.4%	$6.7M+269.1%	$1.8M-53.8%	$3.9M-24.3%	$5.2M+34.9%	$3.9M+23.4%	$3.1M
Free Cash Flow	$80.4M	$85.7M+40.4%	$61.0M-38.5%	$99.1M+9.6%	$90.4M+36.0%	$66.5M+5.0%	$63.3M-20.3%	$79.4M+18.3%	$67.1M-4.7%	$70.5M+49.1%	$47.3M-4.7%	$49.6M+4.6%	$47.4M+84.5%	$25.7M+6.9%	$24.0M+35.4%	$17.7M
Investing Cash Flow	$137.3M	$186.8Mn/m	-$85.9Mn/m	-$93.4Mn/m	-$1.2B-837.5%	$163.8Mn/m	-$538.5Mn/m	-$125.3Mn/m	-$109.6Mn/m	-$241.4Mn/m	-$252.9Mn/m	-$216.6Mn/m	-$121.6Mn/m	-$16.6Mn/m	-$3.5Mn/m	-$61.8M
Financing Cash Flow	-$277.1M	-$165.6Mn/m	-$86.5M-182.1%	$105.3Mn/m	-$506.4M-167.8%	$746.7M-24.0%	$983.0M+888.2%	$99.5M+27.4%	$78.1M-53.3%	$167.2M-5.1%	$176.1M+3.4%	$170.2M+176.6%	$61.5M+420.4%	$11.8Mn/m	-$43.3Mn/m	-$4.8M
Dividends Paid	$34.3M	$32.6M+2.7%	$31.8M+3.1%	$30.8M+4.5%	$29.5M+1.9%	$28.9M+0.3%	$28.9M-6.6%	$30.9M+19.8%	$25.8M+40.9%	$18.3M-15.1%	$21.6M+35.5%	$15.9M+23.5%	$12.9M+93.2%	$6.7M-45.1%	$12.2M+105.7%	$5.9M
Share Buybacks	$11.1M	$5.5M-75.4%	$22.4M+221.5%	$7.0M+118.2%	$3.2M-86.0%	$22.9M+19.7%	$19.1M+121.4%	$8.6M+406.8%	$1.7M+131.2%	$737K-74.5%	$2.9M-62.6%	$7.7M+197.4%	$2.6M-70.5%	$8.8M+46.5%	$6.0M+157.2%	$2.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$23.1M+2.5%	$14.0M-27.4%	$28.0M+35.7%	$25.1M+3.7%	$22.5M+231.5%	$19.3M+49.3%	$20.6M-33.4%	$24.2M-22.3%
Depreciation & Amortization	-$1.4M-832.1%	-$1.0M-328.6%	$278K-38.9%	$41K-46.1%	$190K-62.5%	$447K-19.3%	$455K-43.1%	$76K-88.0%
Capital Expenditures	$2.0M+24.7%	$1.3M+11.2%	$5.7M+611.7%	$678K-27.9%	$1.6M+94.2%	$1.2M+31.2%	$802K-28.8%	$941K-75.1%
Free Cash Flow	$21.1M+0.9%	$12.7M-29.9%	$22.3M+12.4%	$24.4M+5.0%	$20.9M+250.5%	$18.1M+50.6%	$19.8M-33.6%	$23.2M-15.0%
Investing Cash Flow	-$3.3M-105.7%	$90.9M+14.7%	$23.1Mn/m	$26.6Mn/m	$57.8Mn/m	$79.2M+136.6%	-$44.0Mn/m	-$21.8M-141.8%
Financing Cash Flow	-$83.6Mn/m	-$69.8M-310.6%	-$63.5Mn/m	-$60.3M-201.6%	-$74.9Mn/m	$33.1Mn/m	-$35.1Mn/m	$59.4M+105.0%
Dividends Paid	$9.9M+20.8%	$8.2M-0.1%	$8.2M+3.8%	$8.1M+2.9%	$8.2M+2.7%	$8.2M+1.6%	$7.9M+2.3%	$7.9M+2.7%
Share Buybacks	$10.1M+119.3%	$960K+14.6%	$44K-99.0%	$24K-99.7%	$4.6M+4.7%	$838K-86.3%	$4.4M+17356.0%	$7.5M+192.9%

Not reported in any period shown, so not listed: Stock-Based Compensation.

HFWA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HFWA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	27.4%+7.5pp	20.0%-5.4pp	25.3%-7.5pp	32.9%-7.9pp	40.8%+21.2pp	19.6%-9.5pp	29.1%+4.8pp	24.3%+0.4pp	23.9%+0.2pp	23.7%+0.6pp	23.2%+7.2pp	15.9%+3.6pp	12.4%-6.1pp	18.5%+9.6pp	8.9%
Return on Equity	7.3%+2.3pp	5.0%-2.2pp	7.2%-3.0pp	10.3%-1.2pp	11.5%+5.8pp	5.7%-2.7pp	8.3%+1.4pp	7.0%-1.2pp	8.2%+0.1pp	8.1%+0.1pp	8.0%+3.4pp	4.6%+0.2pp	4.4%-2.2pp	6.7%+3.4pp	3.2%
Return on Assets	1.0%+0.4pp	0.6%-0.2pp	0.9%-0.3pp	1.2%-0.1pp	1.3%+0.6pp	0.7%-0.5pp	1.2%+0.2pp	1.0%0.0pp	1.0%0.0pp	1.0%0.0pp	1.0%+0.4pp	0.6%0.0pp	0.6%-0.4pp	1.0%+0.5pp	0.5%
Liabilities-to-Equity	6.56-0.7x	7.23-0.2x	7.41-0.3x	7.750.0x	7.70+0.6x	7.06+1.2x	5.86-0.1x	5.99-1.1x	7.090.0x	7.05+0.3x	6.77+0.2x	6.61-0.1x	6.69+0.9x	5.760.0x	5.76
Asset Turnover	0.040.0x	0.030.0x	0.030.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.050.0x	0.05
FCF Margin	34.8%+6.7pp	28.1%-12.5pp	40.7%+4.3pp	36.3%+8.7pp	27.7%+1.1pp	26.6%-7.6pp	34.2%+3.5pp	30.7%-9.6pp	40.3%+11.5pp	28.8%-1.8pp	30.6%-5.3pp	35.9%+2.7pp	33.2%-0.2pp	33.4%+9.2pp	24.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	20.9%-0.8pp	24.3%+0.2pp	33.5%+12.6pp	29.2%+8.3pp	21.6%-3.5pp	24.1%+12.3pp	20.9%+8.6pp	20.8%-8.6pp
Return on Equity	1.6%+0.2pp	1.7%+0.1pp	2.4%+1.0pp	2.1%+0.8pp	1.4%-0.3pp	1.6%+0.9pp	1.4%+0.7pp	1.3%-0.9pp
Return on Assets	0.2%0.0pp	0.2%0.0pp	0.3%+0.2pp	0.3%+0.1pp	0.2%0.0pp	0.2%+0.1pp	0.2%+0.1pp	0.2%-0.1pp
Liabilities-to-Equity	6.60-0.4x	6.62-0.5x	6.56-0.7x	6.76-0.4x	6.96-0.3x	7.09-0.3x	7.23-0.2x	7.18-0.6x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	25.1%-11.9pp	16.3%-15.1pp	33.6%-1.2pp	37.1%-5.3pp	37.0%+26.4pp	31.4%+6.7pp	34.7%-24.1pp	42.4%-1.8pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Heritage Financial Corp HFWA	FY2025	$246.1M	$67.5M	27.4%	$1.2B	51/100
Equity Bancshares, Inc. EQBK	FY2025	$210.1M	$22.7M	10.8%	$1.0B	42/100
HBT Financial, Inc. HBT	FY2025	$237.1M	$77.0M	32.5%	$1.4B	66/100
Southside Bancshares, Inc. SBSI	FY2025	$237.0M	$69.2M	29.2%	$948.5M	53/100
Capitol Federal Financial, Inc. CFFN	FY2025	$201.0M	$68.0M	33.8%	$1.0B	44/100
Central Pacific Financial Corporation CPF	FY2025	$292.7M	$77.5M	26.5%	$971.5M	46/100

Where Heritage Financial Corp Ranks

Frequently Asked Questions

What is Heritage Financial Corp's annual revenue?

Heritage Financial Corp (HFWA) reported $246.1M in total revenue for fiscal year 2025. This represents a 13.5% 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 Financial Corp's revenue growing?

Heritage Financial Corp (HFWA) revenue grew by 13.5% year-over-year, from $216.8M to $246.1M in fiscal year 2025.

Is Heritage Financial Corp profitable?

Yes, Heritage Financial Corp (HFWA) reported a net income of $77.9M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $67.5M, with a net profit margin of 27.4%.

What is Heritage Financial Corp's net profit margin?

Heritage Financial Corp (HFWA) had a net profit margin of 27.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Heritage Financial Corp pay dividends?

Yes, Heritage Financial Corp (HFWA) paid $0.96 per share in dividends during fiscal year 2025.

What is Heritage Financial Corp's return on equity (ROE)?

Heritage Financial Corp (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 Financial Corp's free cash flow?

Heritage Financial Corp (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 Financial Corp's operating cash flow?

Heritage Financial Corp (HFWA) generated $94.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Heritage Financial Corp's total assets?

Heritage Financial Corp (HFWA) had $7.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Heritage Financial Corp's capital expenditures?

Heritage Financial Corp (HFWA) invested $9.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Heritage Financial Corp buy back shares?

Yes, Heritage Financial Corp (HFWA) spent $5.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Heritage Financial Corp have outstanding?

Heritage Financial Corp (HFWA) had 41M shares outstanding as of fiscal year 2025.

What is Heritage Financial Corp's liabilities-to-equity ratio?

Heritage Financial Corp (HFWA) had a liabilities-to-equity ratio of 6.56 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

What is Heritage Financial Corp's return on assets (ROA)?

Heritage Financial Corp (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 Financial Corp's P/E ratio?

Heritage Financial Corp (HFWA) trades at 15.2x earnings, its market capitalization divided by $77.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Heritage Financial Corp's price-to-sales ratio?

Heritage Financial Corp (HFWA) trades at 4.0x sales, its market capitalization divided by $294.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Heritage Financial Corp's Piotroski F-Score?

Heritage Financial Corp (HFWA) has a Piotroski F-Score of 5 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.

How financially healthy is Heritage Financial Corp?

Heritage Financial Corp (HFWA) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average 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.