SequelSEC

HERITAGE FINANCIAL CORP /WA/ HFWA

Savings Institutions, Not Federally Chartered · CIK 0001046025 · Fiscal year ends 1231 · Bank

Revenue
Unavailable
Fiscal year ended 2026-06-30
Net income
$77.90M
Fiscal year ended 2026-06-30
Total assets
$8.43B
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$796.87MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$19.37Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income11.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.9×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

11.8× earnings today, against a median of 13.7× across 10 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-30$796.87M11.8×
2024-06-30$611.65M14.1×
2023-06-30$558.55M9.0×
2022-06-30$869.51M10.6×
2021-06-30$887.15M9.0×
2020-06-30$706.95M15.2×
2019-06-30$1.07B15.9×
2018-06-30$1.16B22.0×
2017-06-30$777.39M18.6×
2016-06-30$512.57M13.2×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Savings Institutions, Not Federally Chartered filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate14.1%15th

HERITAGE FINANCIAL CORP /WA/ (HFWA) reported net income of $77.90M for the fiscal year ended 2026-06-30. This page shows 1 annual period 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

HERITAGE FINANCIAL CORP /WA/ income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
RevenueUnavailable
Cost of revenueUnavailable
Gross profitUnavailable
Operating incomeUnavailable
Net income$77.90M
Research & developmentUnavailable
Weighted-average diluted sharesUnavailable
Pretax income$91.11M
Income tax expense$13.21M
Diluted EPSUnavailable
Selling, general & administrativeUnavailable
General & administrativeUnavailable
Selling & marketingUnavailable

Balance

HERITAGE FINANCIAL CORP /WA/ balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Cash & equivalents$204.38M
Total assets$8.43B
Current assetsUnavailable
Total liabilities$7.32B
Current liabilitiesUnavailable
Total equity incl. NCI$1.11B
Temporary (mezzanine) equityUnavailable
InventoryUnavailable
Accounts receivableUnavailable
Goodwill$279.03M
Long-term debtUnavailable
Accounts payableUnavailable

Cash flow

HERITAGE FINANCIAL CORP /WA/ cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Operating cash flow$90.11M
Capital expenditures$9.68M
Investing cash flow$137.31M
Financing cash flow-$277.14M
Net change in cash-$49.72M
Stock-based compensationUnavailable
Common dividends paid$34.34M
Common share repurchases$11.14M
Depreciation & amortization-$2.09M

Derived

HERITAGE FINANCIAL CORP /WA/ derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Free cash flow$80.43M
Gross marginUnavailable
Operating marginUnavailable
FCF marginUnavailable
SBC / revenueUnavailable
Current ratioUnavailable
Revenue YoY growthUnavailable
Net marginUnavailable
R&D / revenueUnavailable
CapEx / revenueUnavailable
Long-term debt / equityUnavailable
Effective tax rate14.5%

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

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.