Heritage Financial Corp /Wa/
HFWA Nasdaq· Savings Institutions, Not Federally Chartered
Last close · Oct 26, 2026
$29.11
KIRA · Stoqly’s AI analyst, in plain words
- Heritage Financial Corp /Wa/ had $246M of revenue in fiscal 2025, up 13.5% on the year before. Over five years, revenue changed +0.7% a year on average.
- Heritage Financial Corp /Wa/ made $67.5M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 4.7% a year.
- Heritage Financial Corp /Wa/ returned $38.2M to shareholders in fiscal 2025, 45% of free cash flow. The diluted share count fell 1.3%.
- It earned 7.6% on shareholders’ money. Running costs took 67.3% of revenue (the efficiency ratio; lower is better).
Market cap
$1.2B
P/E
13.9x
Revenue
$246M
Net income
$67.5M
Return on equity
7.6%
Efficiency ratio
67.3%
Heritage Financial Corp /Wa/ in 30 seconds · fiscal 2025
Are sales growing?
+13.5%
Yes. Sales grew 13.5% last year.
Does it make a profit?
27.4%
Yes. It keeps 27.4% of every sale as profit.
How lean are its costs?
67.3%
Costly. Running costs take 67.3% of revenue.
How much does it earn on its capital?
7.6%
Low. It earns 7.6% a year on shareholders’ money.
How is the share priced?
13.9x
One share costs 13.9 times its yearly profit per share.
What Heritage Financial Corp /Wa/ does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- HERITAGE FINANCIAL CORP /WA/
- CIK
- 0001046025
Heritage Financial Corp /Wa/ · HFWA
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $240M | $249M | $244M | $217M | $246M |
| Revenue growth | 0.9% | 3.6% | −2.1% | −11.1% | 13.5% |
| Net interest income | $206M | $219M | $225M | $209M | $224M |
| Net income | $98.0M | $81.9M | $61.8M | $43.3M | $67.5M |
| Net margin | 40.8% | 32.9% | 25.3% | 19.9% | 27.4% |
| Diluted EPS | $2.73 | $2.31 | $1.75 | $1.24 | $1.96 |
| Cash | |||||
| Cash from operations | $69.5M | $94.5M | $110M | $64.5M | $94.8M |
| Capital expenditure | $3.0M | $4.0M | $10.4M | $3.5M | $9.2M |
| Free cash flow | $66.5M | $90.4M | $99.1M | $61.0M | $85.7M |
| FCF margin | 27.7% | 36.3% | 40.7% | 28.1% | 34.8% |
| Dividends paid | $28.9M | $29.5M | $30.8M | $31.8M | $32.6M |
| Share buybacks | $22.9M | $3.2M | $7.0M | $22.4M | $5.5M |
| Share count change | −0.5% | −1.4% | −0.6% | −1.0% | −1.3% |
| Debt and strength | |||||
| Cash and short-term investments | $1.7B | $104M | $225M | $117M | $233M |
| Loans, net | — | $4.0B | $4.3B | $4.7B | $4.7B |
| Deposits | $6.4B | $5.9B | $5.6B | $5.7B | $5.9B |
| Shareholders' equity | $854M | $798M | $853M | $864M | $922M |
| Returns and quality | |||||
| Return on equity | 11.7% | 9.9% | 7.5% | 5.0% | 7.6% |
| Return on tangible equity | 16.2% | 14.9% | 10.2% | 7.0% | 10.0% |
| Efficiency ratio | 62.1% | 60.6% | 68.3% | 73.0% | 67.3% |
Insiders bought, 12 months
$0.4M
1 insider
Insiders sold, 12 months
$1.5M
8 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Heritage Financial Corp /Wa/ · HFWA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $29.11 a share, the company is worth $1.2B: 13.9 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001046025). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.