HERITAGE FINANCIAL CORPHFWAEarnings & Financial Report
Heritage Financial Corp (WA) is a U.S. regional financial holding company headquartered in Washington state. It provides comprehensive commercial and consumer banking services, including deposit products, small business loans, residential mortgages, personal lending and wealth management solutions, primarily serving local communities across the Pacific Northwest, with core customer segments covering small-to-medium enterprises and retail clients.
Revenue
$56.4M
Gross Profit
N/A
Operating Profit
$16.0M
Net Profit
$14.2M
Gross Margin
N/A
Operating Margin
28.4%
Net Margin
25.1%
YoY Growth
-10.7%
EPS
$0.41
HERITAGE FINANCIAL CORP Q2 FY2024 Financial Summary
HERITAGE FINANCIAL CORP reported revenue of $56.4M (down 10.7% YoY) for Q2 FY2024, with a net profit of $14.2M (down 16.0% YoY) (25.1% margin).
Key Financial Metrics
| Total Revenue | $56.4M |
|---|---|
| Net Profit | $14.2M |
| Gross Margin | N/A |
| Operating Margin | 28.4% |
| Report Period | Q2 FY2024 |
HERITAGE FINANCIAL CORP Annual Revenue by Year
HERITAGE FINANCIAL CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $246.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $246.1M |
| 2024 | $216.8M |
| 2023 | $225.2M |
| 2022 | $219.4M |
HERITAGE FINANCIAL CORP Quarterly Revenue & Net Profit History
HERITAGE FINANCIAL CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $66.3M | +16.3% | $22.2M | 33.5% |
| Q3 FY2025 | $65.7M | +19.9% | $19.2M | 29.2% |
| Q2 FY2025 | $56.5M | +0.3% | $12.2M | 21.6% |
| Q1 FY2025 | $57.6M | +18.4% | $13.9M | 24.2% |
| Q4 FY2024 | $57.1M | -0.2% | $11.9M | 20.9% |
| Q3 FY2024 | $54.8M | -11.5% | $11.4M | 20.8% |
| Q2 FY2024 | $56.4M | -10.7% | $14.2M | 25.1% |
| Q1 FY2024 | $48.6M | -28.6% | $5.7M | 11.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.6M | $56.4M | $54.8M | $57.1M | $57.6M | $56.5M | $65.7M | $66.3M |
| YoY Growth | -28.6% | -10.7% | -11.5% | -0.2% | 18.4% | 0.3% | 19.9% | 16.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.09B | $7.06B | $7.15B | $7.11B | $7.13B | $7.07B | $7.01B | $6.97B |
| Liabilities | $6.24B | $6.21B | $6.28B | $6.24B | $6.25B | $6.18B | $6.11B | $6.05B |
| Equity | $847.6M | $850.5M | $874.5M | $863.5M | $881.5M | $888.2M | $904.1M | $921.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $12.9M | $6.8M | $24.2M | $64.5M | $19.3M | $22.5M | $25.1M | $94.8M |