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Heritage Financial Corporation (HFWA)
Financial Services · Banks - Regional · NasdaqGS
Heritage Financial Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $248.98M | $243.82M | $238.03M | $246.14M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $38.92M | $41.79M | $53.06M | $67.56M | $46.57M | $98.03M | $81.88M | $61.76M | $43.26M | $67.53M |
| Net margin | — | — | — | — | — | — | 32.9% | 25.3% | 18.2% | 27.4% |
Source: Heritage Financial Corporation SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into HFWA stock?
At today's market cap of $1.18B, Heritage Financial Corporation is priced for free-cash-flow growth of about 2.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $85.66M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 6.2%/yr over the last five fiscal years, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Heritage Financial Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Heritage Financial Corporation financial history by metric
About Heritage Financial Corporation
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
Heritage Financial Corporation — frequently asked questions
What is Heritage Financial Corporation's revenue?
Heritage Financial Corporation (HFWA) reported revenue of $246.14M for fiscal year 2025, up 3.4% from the prior year, according to its SEC filings.
Is Heritage Financial Corporation profitable?
Yes. HFWA earned net income of $67.53M in fiscal 2025, a net margin of 27.4%.
What is HFWA's P/E ratio?
Heritage Financial Corporation trades at a price-to-earnings ratio of about 14.1 based on the latest data in our nightly-refreshed cache.
How much debt does Heritage Financial Corporation have?
As of fiscal year 2025, HFWA carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Heritage Financial Corporation's market cap?
Heritage Financial Corporation (HFWA) has a market capitalization of about $1.18B, based on the latest data in our nightly-refreshed cache.
When does Heritage Financial Corporation's fiscal year end?
HFWA's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into HFWA stock?
At today's market cap of $1.18B, Heritage Financial Corporation is priced for free-cash-flow growth of about 2.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $85.66M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 6.2%/yr over the last five fiscal years, computed from its SEC filings.
Where does this data come from?
All figures are computed from Heritage Financial Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.