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Heritage Financial(NASDAQ) HFWA

Market Cap$1.23BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1998)+480%
5 Year+50%
1 Year+37%
1 Month-2%
$29.72
+0.58%
+0.17Today
After hours$29.73+$0.01 (+0.02%)
Heritage Financial last closing stock price
MetricPriceDate
Last closeUSD 29.732026-07-31
Heritage Financial stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.43%USD 30.162026-07-24
1 month-1.65%USD 30.232026-07-01
3 month+8.63%USD 27.372026-05-01
Year to date+28%USD 23.232025-12-31
1 year+37.19%USD 21.672025-07-31
3 year+80.78%USD 16.452023-08-01
5 year+49.85%USD 19.842021-07-30
Since inception+480.11%USD 5.121998-01-09

Heritage Financial Financials at a Glance

Market Cap

$1.23BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$336.27M

Net Income (TTM)

$77.90M

EPS (TTM)

$2.11

P/E Ratio

14.09

Dividend

$0.96

Beta (Volatility)

0.71 (Low)

Price

$29.72

Volume

437,184

Open

$29.50

Previous Close

$29.73

Daily Range

$29.00 - $29.82

52-Week Range

$21.32 - $31.25

Estimated Earnings Date

Oct 22, 2026

HFWA News

SellAlert-Blue.png

What This Heritage Financial Insider Move Signals With the Stock Up 20%

Jonathan PoncianoJul 20, 2026
SellAlert-Red.png

Heritage Financial Filed an Insider Sale. The Form 4 provides the context

Seena HassounaMay 10, 2026

Why Washington Banking's Shares Soared

Alex PlanesOct 24, 2013

Heritage Financial Buying Valley Community Bancshares

Rich SmithMar 12, 2013

HFWA: Motley Fool Moneyball Superscore

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About Heritage Financial

Heritage helps small and local businesses manage their money. They provide loans to help people buy homes or grow companies. The bank also offers safe places for individuals to keep their savings.

What Does Heritage Offer?

  • Commercial Business Loans: Term equipment financing and credit lines for companies; 81.7% of loans receivable as of December 31, 2025.
  • Residential Real Estate: Loans for buying or refinancing homes; 7.5% of loans receivable as of December 31, 2025.
  • Construction and Development: Funding for new residential and commercial building projects; 7.2% of loans receivable as of December 31, 2025.
  • Consumer Loans: Personal credit lines and loans for individuals; 3.6% of loans receivable as of December 31, 2025.
  • Deposit Accounts: Personal and business checking, savings, and certificates of deposit (CD), which are time-bound savings accounts.

A Plan for Regional Growth

  • Completed the acquisition of Olympic Bancorp, Inc. and its subsidiary Kitsap Bank on January 31, 2026, adding 16 branch locations.
  • Purchased Premier Commercial Bancorp in July 2018 to expand its presence in the Pacific Northwest.
  • Merged with Puget Sound Bancorp, Inc. in January 2018 to increase market share in Washington State.
  • Expanded its footprint to 50 branch offices across Washington, Oregon, and Idaho as of December 31, 2025.

The Pacific Northwest Focus

Heritage focuses on regional expertise by serving small and medium-sized businesses in Washington, Oregon, and Idaho. It relies heavily on non-maturity deposits, which made up 84.1% of its total deposits as of December 31, 2025.

Financial Performance Highlights

  • Net income reached $18.9 million in Q1 2026, up 36.2% from $13.9 million in Q1 2025.
  • Revenue hit $99.4 million in Q1 2026, up 22.3% from $81.3 million in Q1 2025.
  • Operating income rose to $22.4 million in Q1 2026, up 38.6% from $16.2 million in Q1 2025.
  • Market capitalization grew to $1 billion in Q1 2026, up 21.5% from $827.5 million in Q1 2025.

The Big Picture

Heritage has transformed from a local savings bank into a commercial-focused regional institution. Its steady use of strategic acquisitions has increased its footprint and market relevance across the Pacific Northwest.

AI Generated • May 1, 2026

Industry

Banks

Sector

Financials

Employees

755

CEO

Bryan D. McDonald, MBA

Website

www.hf-wa.com

Headquarters

Olympia, WA 98501, US

HFWA Financials

Key Financial Metrics (TTM)

Gross Margin

74.64%

Operating Margin

14.03%

Net Income Margin

23.17%

Return on Equity

7.69%

Return on Capital

8.07%

Return on Assets

0.92%

Earnings Yield

7.10%

Dividend Yield

3.23%

Payout Ratio

41.90%

Stock Overview

Market Cap

$1.23BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

41.22M

Volume

437.18K

Avg. Volume

334.22K

Financials (TTM)

Gross Profit

$251.00M

Operating Income

$47.17M

EBITDA

$48.82M

Operating Cash Flow

$89.54M

Capital Expenditure

-$9.29M

Free Cash Flow

$80.25M

Cash & ST Invst.

$102.56M

Total Debt

$188.75M

Heritage Financial Performance Analysis

Heritage Financial annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 257,048,0004.0%
20232023-12-31USD 303,128,00017.9%
20242024-12-31USD 317,185,0004.6%
20252025-12-31USD 335,968,0005.9%
Heritage Financial sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-309.8%
Q42025-12-31-1.1%
Q12026-03-3114.4%
Q22026-06-30-37.4%
Heritage Financial annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.31-15.3%
20232023-12-31USD 1.75-24.1%
20242024-12-31USD 1.24-29.2%
20252025-12-31USD 1.9658.1%
Heritage Financial sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3060.0%
Q42025-12-3116.1%
Q12026-03-31-26.2%
Q22026-06-30-12.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$62.21M

-22.2%

Gross Profit

$41.79M

-24.8%

Gross Margin

67.17%

N/A

Market Cap

$1.23BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.62M

N/A

Employees

755

N/A

Net Income

$17.55M

+43.6%

EBITDA

-$22.40M

-249.8%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$102.56M

-87.8%

Total Debt

$188.75M

-33.9%

Accounts Receivable

$23.06M

+24.2%

Inventory

$0.00

N/A

Long Term Debt

$22.50M

-92.1%

Short Term Debt

$166.25M

N/A

Return on Assets

0.92%

N/A

Return on Invested Capital

0.57%

N/A

Free Cash Flow

$12.67M

-29.9%

Operating Cash Flow

$13.97M

-27.4%

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Questions About HFWA

What is the current price of Heritage Financial?

Heritage Financial is trading at $29.73 per share.

What is the 52-week range for Heritage Financial?

Over the past 52 weeks, Heritage Financial has traded between $21.32 and $31.25.

How much debt does Heritage Financial have?

As of the most recent reporting period, Heritage Financial reported total debt of $188.75M.

How much cash does Heritage Financial have on hand?

Heritage Financial does not have cash on hand data available.

What is Heritage Financial’s dividend yield?

Heritage Financial currently has a dividend yield of 3.23%.

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