HFWA Stock - Heritage Financial Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $317.19M | $303.13M | $257.05M | $247.45M | $251.55M |
| Gross Profit | $210.56M | $239.54M | $250.40M | $269.78M | $202.12M |
| Gross Margin | 66.4% | 79.0% | 97.4% | 109.0% | 80.4% |
| Operating Income | $52.26M | $72.92M | $99.44M | $120.51M | $53.18M |
| Net Income | $43.26M | $61.76M | $81.88M | $98.03M | $46.57M |
| Net Margin | 13.6% | 20.4% | 31.9% | 39.6% | 18.5% |
| EPS | $1.26 | $1.76 | $2.33 | $2.75 | $1.29 |
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company 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. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 24th 2023 | Keefe Bruyette | Downgrade | Market Perform | $23← $31 |
| June 29th 2022 | DA Davidson | Upgrade | Buy | $29← $27 |
Earnings History & Surprises
HFWAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.57 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.56 | $0.56 | 0.0% | = MET |
Q3 2025 | Jul 24, 2025 | $0.50 | $0.53 | +6.0% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.46 | $0.49 | +6.5% | ✓ BEAT |
Q1 2025 | Jan 23, 2025 | $0.45 | $0.51 | +13.3% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.41 | $0.33 | -19.5% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.40 | $0.41 | +2.5% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.41 | $0.40 | -2.4% | ✗ MISS |
Q1 2024 | Jan 25, 2024 | $0.47 | $0.47 | 0.0% | = MET |
Q4 2023 | Oct 19, 2023 | $0.43 | $0.51 | +18.6% | ✓ BEAT |
Q3 2023 | Jul 20, 2023 | $0.48 | $0.48 | 0.0% | = MET |
Q2 2023 | Apr 20, 2023 | $0.59 | $0.58 | -1.7% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $0.63 | $0.64 | +1.6% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $0.51 | $0.59 | +15.7% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $0.45 | $0.52 | +15.6% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $0.38 | $0.56 | +47.4% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.46 | $0.55 | +19.6% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $0.52 | $0.58 | +11.5% | ✓ BEAT |
Q3 2021 | Jul 22, 2021 | $0.51 | $0.90 | +76.5% | ✓ BEAT |
Latest News
Heritage Financial Q3 Adj. EPS $0.56 Beats $0.55 Estimate, Sales $65.696M Beat $65.259M Estimate
📈 PositiveDA Davidson Maintains Buy on Heritage Financial, Raises Price Target to $29
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on Heritage Financial, Raises Price Target to $28
➖ NeutralReported Earlier, Heritage Financial To Acquire Olympic Bancorp In All Stock $176.6M Deal Creating $8.8B Combined Bank Assets
📈 PositiveFrequently Asked Questions about HFWA
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