Heritage Financial Corporation

Heritage Financial Corporation

HFWA
Heritage Financial CorporationUS flagNASDAQ Global Select
29.29
USD
+0.06
- -
1.21BMarket Cap
Heritage Financial Corporation
HFWA
(NASDAQ Global Select)

Recent

price

29.29

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.44
4.74
4.76
4.97
5.18
5.43
5.53
5.88
6.21
6.32
6.61
6.74
7.09
6.87
6.29
7.24
7.97
Revenue per Share
1.05
0.42
0.88
0.62
0.83
1.26
1.31
1.4
1.51
1.84
1.29
2.75
2.33
1.74
1.26
1.99
2.11
Basic EPS, GAAP
1.81
1.15
1.59
1.66
1.86
1.66
1.59
2.37
1.91
2.16
1.76
1.86
2.58
2.79
1.77
2.52
2.18
Free Cash Flow per Basic Share
0.11
0.38
0.81
0.43
0.51
0.53
0.73
0.62
0.73
0.84
0.8
0.81
0.84
0.87
0.92
0.96
0.93
Dividend per Share
12.99
13.1
13.16
13.31
15.02
15.68
16.08
16.98
20.63
22.1
22.85
24.34
22.73
24.44
25.4
27.13
27.13
Book Value per Share
12.03
12.16
12.23
11.4
10.73
11.41
11.86
12.8
13.54
15.07
15.77
17.19
15.66
17.4
18.22
19.98
19.15
Tangible Book Value per Share
11
15
15
15
25
30
30
30
35
37
36
36
35
35
34
34
37
Basic Weighted Avg Shares
61
73
72
77
132
162
164
175
219
232
238
240
249
244
217
246
294
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2
3
5
6
15
16
14
12
21
18
- -
-19
3
6
3
2
3
Depreciation Expense
13
7
13
10
21
37
39
42
53
68
47
98
82
62
43
68
78
Net Income, GAAP
32.52
28.77
31.78
32.42
24.73
26.93
26.18
30.52
17.48
16.64
12.43
18.65
17.66
15.31
17.22
14.08
14.5
Effective Tax Rate (%)
22.06
8.91
18.48
12.45
15.94
23.16
23.71
23.89
24.27
29.1
19.55
40.78
32.88
25.33
19.95
27.44
26.49
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
19
19
99
113
20
21
21
21
21
522
405
42
189
LT Debt
202
203
199
216
455
470
482
508
761
809
820
854
798
853
864
922
1,110
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
6.92
3.22
6.61
4.62
6.27
8.11
8.18
8.44
8.36
8.61
5.71
11.71
9.91
7.48
5.04
7.57
7.8
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
42
42
189
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
41
41
Market Capitalization
803
1,072
1,212

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
768
1,182
1,084
Accounts Receivable, Net
19
24
23
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.78%
2.47%
6.71%
Free Cash Flow
9.03%
10.51%
40.38%
Net Income, GAAP
13%
19.12%
56.11%
Sales/Revenue/Turnover
4.66%
0.97%
13.51%
Total Cash Common Dividend
8.7%
2.51%
2.75%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
49
56
55
57
217
2025
58
56
66
66
246
2026
78
84
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.41
0.33
0.35
1.26
2025
0.41
0.36
0.56
0.65
1.99
2026
0.49
0.43
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.23
0.23
0.23
0.92
2025
0.24
0.24
0.24
0.24
0.96
2026
0.21
0.24
- -
- -
- -
Business
Heritage Financial Corporation operates as the holding company for Heritage Bank, a Washington state-chartered full-service commercial bank providing a broad range of financial solutions. Its core products and services include commercial and industrial loans; owner-occupied and non-owner occupied commercial real estate loans; one-to-four family residential loans; real estate construction and land development loans; consumer loans; commercial business loans; lines of credit; term equipment financing; and term real estate financing. The company also offers deposit products, treasury management, and wealth management services targeting small and medium-sized businesses, professionals, real estate developers, and consumers primarily in Washington, Oregon, and Idaho. Heritage Bank operates under a community banking model with a focus on relationship-based banking service. Founded in 1927 and headquartered in Olympia, Washington, Heritage Financial Corporation has expanded its geographic footprint and market presence through strategic acquisitions over the years. The most significant recent transaction is the acquisition of Olympic Bancorp, Inc., completed in 2025, valued at approximately $176.6 million. This transaction expands Heritage’s presence in the Puget Sound region, making it the second largest bank serving the Kitsap Olympic Peninsulas with an estimated 14% combined market deposit share. The acquisition is expected to contribute significantly to earnings growth and operational efficiencies. Post-merger, Olympic shareholders will hold about 17.4% equity in the combined entity, reflecting the strategic importance of this transaction. The deal marks a return to merger-and-acquisition activity for Heritage after a period of seven years. Heritage Financial Corporation focuses on comprehensive banking and financial services including business banking, wealth management, and treasury management. It services markets in the Northwestern United States, particularly in Washington, Oregon, and Idaho. Operating primarily through Heritage Bank and its subsidiaries, the company continues its strategic growth by integrating locally focused banking services with enhanced financial product offerings. The company emphasizes personalized service and long-term client relationships within its regional community banking framework.

Company News

  • BlackRock Inc. Purchases Shares of 5,811,114 Heritage Financial Corporation $HFWA

  • 469,403 Shares in Heritage Financial Corporation $HFWA Purchased by Algebris UK Ltd.

  • Dividend Champion, Contender, And Challenger Highlights: Week August 16

  • Heritage Financial Corporation (HFWA) Q2 2026 Earnings Call Transcript

  • Heritage Financial Q2 Earnings Call Highlights

  • Compared to Estimates, Heritage Financial (HFWA) Q2 Earnings: A Look at Key Metrics

  • Heritage Financial (HFWA) Surpasses Q2 Earnings Estimates

  • Heritage Financial Announces Second Quarter 2026 Results and Declares Regular Cash Dividend of $0.25 Per Share

  • What This Heritage Financial Insider Move Signals With the Stock Up 20%

  • Heritage Financial Announces Earnings Release Date and Conference Call

  • Heritage Financial Announces Earnings Release Date and Conference Call

  • Heritage Financial Corporation (HFWA) Shareholder/Analyst Call Prepared Remarks Transcript

  • Heritage Financial Corporation (HFWA) Q1 2026 Earnings Call Transcript

  • Compared to Estimates, Heritage Financial (HFWA) Q1 Earnings: A Look at Key Metrics

  • Heritage Financial (HFWA) Q1 Earnings Surpass Estimates

  • Heritage Financial Announces First Quarter 2026 Results and Declares Regular Cash Dividend of $0.24 Per Share

  • Deprince Race & Zollo Inc. Purchases 50,353 Shares of Heritage Financial Corporation $HFWA

  • Heritage Financial Announces Earnings Release Date and Conference Call

  • Brokerages Set Heritage Financial Corporation (NASDAQ:HFWA) Price Target at $31.25

  • Massachusetts-Based Heritage Financial Joins Savant Wealth Management