Revenue
Unavailable
Fiscal year ended 2025-12-31Net income
$67.53M
Fiscal year ended 2025-12-31Total assets
$6.97B
Fiscal year ended 2025-12-31HERITAGE FINANCIAL CORP /WA/ (HFWA) reported net income of $67.53M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from HERITAGE FINANCIAL CORP /WA/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Savings Institutions, Not Federally Chartered.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $67.53M | $43.26M | $61.76M | $81.88M | $98.04M | $46.57M | $67.56M | $53.06M | $41.79M | $38.92M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 34.46M | shares 34.90M | shares 35.26M | shares 35.46M | shares 35.97M | shares 36.17M | shares 36.99M | shares 35.37M | shares 29.85M | shares 29.69M |
| Pretax income | $78.60M | $52.26M | $72.92M | $99.44M | $120.51M | $53.18M | $81.04M | $64.30M | $60.15M | $52.72M |
| Income tax expense | $11.07M | $9.00M | $11.16M | $17.56M | $22.47M | $6.61M | $13.49M | $11.24M | $18.36M | $13.80M |
| Diluted EPS | $1.96 | $1.24 | $1.75 | $2.31 | $2.73 | $1.29 | $1.83 | $1.49 | $1.39 | $1.30 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $233.09M | $117.10M | $224.97M | $103.59M | $1.72B | $743.32M | $228.57M | $161.91M | $103.02M | $103.74M |
| Total assets | $6.97B | $7.11B | $7.17B | $6.98B | $7.43B | $6.62B | $5.55B | $5.32B | $4.11B | $3.88B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $6.05B | $6.24B | $6.32B | $6.18B | $6.58B | $5.79B | $4.74B | $4.56B | $3.60B | $3.40B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $921.50M | $863.53M | $853.26M | $797.89M | $854.43M | $820.44M | $809.31M | $760.72M | $508.30M | $481.76M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $240.94M | $240.94M | $240.94M | $240.94M | $240.94M | $240.94M | $240.94M | $240.94M | $119.03M | $119.03M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $94.82M | $64.48M | $109.52M | $94.46M | $69.53M | $70.33M | $92.49M | $90.41M | $73.51M | $53.98M |
| Capital expenditures | $9.16M | $3.46M | $10.38M | $4.02M | $3.02M | $7.00M | $13.04M | $23.26M | $3.06M | $6.72M |
| Investing cash flow | $186.75M | -$85.90M | -$93.45M | -$1.21B | $163.76M | -$538.55M | -$125.30M | -$109.60M | -$241.39M | -$252.93M |
| Financing cash flow | -$165.58M | -$86.45M | $105.31M | -$506.38M | $746.68M | $982.97M | $99.47M | $78.08M | $167.15M | $176.05M |
| Net change in cash | $115.99M | -$107.87M | $121.38M | -$1.62B | $979.97M | $514.75M | $66.66M | $58.90M | -$730.00K | -$22.90M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 |
| Common dividends paid | $32.65M | $31.78M | $30.82M | $29.49M | $28.94M | $28.86M | $30.91M | $25.79M | $18.30M | $21.57M |
| Common share repurchases | $5.52M | $22.42M | $6.97M | $3.20M | $22.89M | $19.12M | $8.64M | $1.70M | $737.00K | $2.89M |
| Depreciation & amortization | $956.00K | $1.59M | $3.17M | $341.00K | -$21.74M | -$3.61M | $14.11M | $17.62M | $10.70M | $12.71M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $85.66M | $61.02M | $99.15M | $90.44M | $66.51M | $63.33M | $79.45M | $67.15M | $70.45M | $47.26M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 14.1% | 17.2% | 15.3% | 17.7% | 18.6% | 12.4% | 16.6% | 17.5% | 30.5% | 26.2% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open HFWA in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-06View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.