Heritage Financial Corporation (HFWA) — Financial statements
Income statement, balance sheet, and cash flow for Heritage Financial Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 336↑5.9% | 317↑4.6% | 303↑17.9% | 257↑3.9% | 247 | |
| Cost of Revenue | 93↓13.1% | 107↑67.7% | 64↑856.8% | 7↑129.8% | -22 | |
| Gross Profit | 243↑15.6% | 211↓12.1% | 240↓4.3% | 250↓7.2% | 270 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 120↑17.8% | 102↓1.6% | 103↑9.9% | 94↑3.6% | 91 | |
| Selling & Marketing Expenses | 1↑26.6% | 0.99↓48.8% | 2↑17.5% | 2↓23.3% | 2 | |
| SG&A Expenses | 121↑17.9% | 103↓2.4% | 105↑10.0% | 96↑2.9% | 93 | |
| Other Expenses | 44↓20.0% | 56↓9.4% | 61↑11.0% | 55↓1.8% | 56 | |
| Operating Expenses | 166↑4.6% | 158↓5.0% | 167↑10.4% | 151↑1.1% | 149 | |
| Total Costs & Expenses | 258↓2.5% | 265↑15.1% | 230↑46.1% | 158↑24.2% | 127 | |
| Operating Results | ||||||
| Operating Income | 78↑48.9% | 52↓28.3% | 73↓26.7% | 99↓17.5% | 121 | |
| Depreciation & Amortization | 2↓42.7% | 3↓42.3% | 6↑81.3% | 3↑116.6% | -19 | |
| EBITDA | 80↑43.5% | 55↓29.3% | 79↓23.4% | 103↑0.6% | 102 | |
| EBIT | 78↑48.9% | 52↓28.3% | 73↓26.7% | 99↓17.3% | 120 | |
| Interest & Other Income | ||||||
| Net Interest Income | 224↑7.2% | 209↓7.0% | 225↑2.6% | 219↑6.6% | 206 | |
| Interest Income | 314↑1.5% | 310↑8.9% | 284↑25.1% | 227↑6.9% | 213 | |
| Interest Expense | 90↓10.5% | 100↑69.2% | 59↑634.8% | 8↑14.6% | 7 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.81 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 79↑50.4% | 52↓28.3% | 73↓26.7% | 99↓17.5% | 121 | |
| Income Tax Expense | 11↑23.0% | 9↓19.3% | 11↓36.5% | 18↓21.9% | 22 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 68↑56.1% | 43↓30.0% | 62↓24.6% | 82↓16.5% | 98 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 68↑56.1% | 43↓30.0% | 62↓24.6% | 82↓16.5% | 98 | |
| Bottom-Line Net Income | 68↑56.1% | 43↓30.0% | 62↓24.6% | 82↓16.5% | 98 | |
| EPS (Basic) | 1.99↑57.9% | 1.26↓28.4% | 1.76↓24.5% | 2.33↓15.3% | 2.75 | |
| EPS (Diluted) | 1.96↑58.1% | 1.24↓29.1% | 1.75↓24.2% | 2.31↓15.4% | 2.73 | |
| Weighted Average Shares | 34↓1.5% | 34↓2.9% | 35↑1.1% | 35↓1.6% | 36 | |
| Weighted Average Diluted Shares | 34↓1.4% | 35↓1.0% | 35↓0.6% | 35↓1.4% | 36 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.