Free Trial
→ Trump wipes out trillions overnight… (From Porter & Company) (Ad) Buy HFWA Stock  Free HFWA Stock Alerts

Heritage Financial (HFWA) Financials

Heritage Financial logo
$23.10 +0.07 (+0.30%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$23.10 +0.00 (+0.02%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for Heritage Financial

Annual Income Statements for Heritage Financial

This table shows Heritage Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 43 62 82 98 47 68 53 42 39 37 21
Consolidated Net Income / (Loss)		 43 62 82 98 47 68 53 42 39 37 21
Net Income / (Loss) Continuing Operations		 43 62 82 98 47 68 53 42 39 37 21
Total Pre-Tax Income 		52 73 99 121 53 81 64 60 53 51 28
Total Revenue		 217 244 249 240 238 232 219 175 164 162 132
Net Interest Income / (Expense)		 209 225 219 206 201 200 187 139 133 130 115
Total Interest Income		 310 284 227 213 214 218 199 148 139 136 121
Loans and Leases Interest Income		 247 217 174 190 192 190 175 129 122 122 110
Investment Securities Interest Income		 56 60 44 21 21 26 22 18 16 14 10
Deposits and Money Market Investments Interest Income		 6.62 6.82 9.07 1.61 - - - - - - -
Total Interest Expense		 100 59 8.07 7.04 13 18 12 8.35 6.01 6.12 5.68
Deposits Interest Expense		 75 39 6.77 6.16 12 16 10 6.05 5.01 5.23 5.15
Short-Term Borrowings Interest Expense		 23 18 0.01 0.00 - - - - - - -
Long-Term Debt Interest Expense		 2.14 2.07 1.16 0.74 0.89 1.34 1.26 2.30 1.00 0.89 0.53
Federal Funds Purchased and Securities Sold Interest Expense		 0.00 0.15 0.14 0.14 - - - - - - -
Total Non-Interest Income		 7.47 19 30 35 37 32 32 36 32 32 16
Other Service Charges		 26 28 25 24 25 27 27 9.87 23 22 15
Net Realized & Unrealized Capital Gains on Investments		 -21 -12 0.85 8.08 7.52 3.00 2.90 7.70 8.31 8.40 1.81
Other Non-Interest Income		 2.97 2.93 3.75 2.52 4.32 2.16 1.75 - - 1.75 0.00
Provision for Credit Losses		 6.28 4.28 -1.43 -29 36 4.31 5.13 4.22 4.93 4.37 4.59
Total Non-Interest Expense		 158 167 151 149 149 147 149 111 106 106 99
Salaries and Employee Benefits		 99 100 92 89 88 88 87 64 61 58 53
Net Occupancy & Equipment Expense		 34 36 33 34 32 31 30 24 23 24 23
Marketing Expense		 0.99 1.93 1.64 2.14 3.10 3.48 3.23 2.94 2.84 3.07 2.50
Property & Liability Insurance Claims		 3.26 3.31 2.02 2.11 1.79 0.73 1.48 1.44 1.62 2.05 1.72
Other Operating Expenses		 20 23 19 19 20 20 24 17 16 17 18
Amortization Expense		 1.64 2.43 2.75 3.11 3.53 4.00 3.82 1.29 1.42 2.10 1.92
Income Tax Expense		 9.00 11 18 22 6.61 13 11 18 14 14 6.91
Basic Earnings per Share		 $1.26 $1.76 $2.33 $2.75 $1.29 $1.84 $1.49 $1.39 $1.30 $1.25 $0.01
Weighted Average Basic Shares Outstanding		 34.47M 35.02M 35.10M 35.68M 36.01M 36.76M 35.19M 29.76M 29.68M 29.79M 25.43M
Diluted Earnings per Share		 $1.24 $1.75 $2.31 $2.73 $1.29 $1.83 $1.49 $1.39 $1.30 $1.25 $0.01
Weighted Average Diluted Shares Outstanding		 34.90M 35.26M 35.46M 35.97M 36.17M 36.99M 35.37M 29.76M 29.68M 29.79M 25.43M
Weighted Average Basic & Diluted Shares Outstanding		 33.99M 34.91M 35.11M 35.11M 35.91M 36.48M 36.88M 29.76M 29.68M 29.79M 25.43M
Cash Dividends to Common per Share		 $0.92 $0.88 $0.84 $0.81 $0.80 $0.84 $0.72 $0.61 $0.72 $0.53 $0.50

Quarterly Income Statements for Heritage Financial

This table shows Heritage Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 14 12 11 14 5.75 6.23 18 17 20 23 21
Consolidated Net Income / (Loss)		 14 12 11 14 5.75 6.23 18 17 20 23 21
Net Income / (Loss) Continuing Operations		 14 12 11 14 5.75 6.23 18 17 20 23 21
Total Pre-Tax Income 		16 16 13 16 6.87 6.58 22 20 25 28 26
Total Revenue		 58 57 55 56 49 51 62 63 68 70 67
Net Interest Income / (Expense)		 54 54 53 51 52 54 56 56 60 63 59
Total Interest Income		 77 79 80 77 74 74 73 70 67 66 61
Loans and Leases Interest Income		 64 65 64 61 58 57 56 54 50 49 44
Investment Securities Interest Income		 12 13 14 14 15 15 15 15 15 15 13
Deposits and Money Market Investments Interest Income		 1.05 1.44 2.05 1.65 1.48 2.38 2.31 1.15 0.97 - 4.01
Total Interest Expense		 24 25 27 25 23 20 18 14 6.82 2.91 1.82
Deposits Interest Expense		 19 20 20 18 16 14 12 8.61 4.53 2.46 1.48
Short-Term Borrowings Interest Expense		 3.72 4.71 6.06 6.48 5.89 5.50 5.39 5.08 1.77 - 0.00
Long-Term Debt Interest Expense		 0.47 0.51 0.54 0.54 0.55 0.55 0.54 0.50 0.48 0.41 0.31
Federal Funds Purchased and Securities Sold Interest Expense		 0.00 - 0.00 0.00 0.00 0.01 0.04 0.06 0.05 - 0.03
Total Non-Interest Income		 3.90 3.29 1.84 5.25 -2.90 -3.15 6.27 7.28 8.26 6.58 7.45
Other Service Charges		 6.87 6.91 6.44 6.19 6.13 6.17 7.32 6.34 7.78 11 6.33
Net Realized & Unrealized Capital Gains on Investments		 -3.88 -3.88 -5.47 -1.87 -9.95 -9.97 -1.78 0.10 -0.24 -0.24 0.40
Other Non-Interest Income		 0.92 0.26 0.86 0.93 0.92 0.65 0.73 0.84 0.71 -4.16 0.72
Provision for Credit Losses		 0.05 1.18 2.44 1.27 1.39 1.42 -0.88 1.91 1.83 1.41 1.95
Total Non-Interest Expense		 41 40 39 39 40 43 41 41 42 40 39
Salaries and Employee Benefits		 26 24 24 24 25 25 25 25 26 25 24
Net Occupancy & Equipment Expense		 8.82 8.40 8.77 8.55 8.47 8.94 8.93 9.17 9.23 8.02 8.61
Marketing Expense		 0.34 0.41 0.13 0.24 0.21 0.70 0.39 0.44 0.40 0.68 0.36
Property & Liability Insurance Claims		 0.81 0.83 0.82 0.81 0.80 0.85 0.82 0.80 0.85 0.49 0.50
Other Operating Expenses		 5.31 5.27 4.81 4.62 5.00 6.89 5.23 5.52 4.96 5.69 4.81
Amortization Expense		 0.30 0.40 0.40 0.42 0.42 0.59 0.60 0.62 0.62 0.67 0.67
Income Tax Expense		 2.25 4.40 1.64 1.84 1.12 0.34 3.58 3.03 4.21 5.35 4.66
Basic Earnings per Share		 $0.41 $0.35 $0.33 $0.41 $0.17 $0.18 $0.52 $0.48 $0.58 $0.64 $0.60
Weighted Average Basic Shares Outstanding		 34.01M 34.47M 34.32M 34.61M 34.83M 35.02M 35.02M 35.06M 35.11M 35.10M 35.10M
Diluted Earnings per Share		 $0.40 $0.34 $0.33 $0.41 $0.16 $0.18 $0.51 $0.48 $0.58 $0.64 $0.59
Weighted Average Diluted Shares Outstanding		 34.51M 34.90M 34.66M 34.92M 35.23M 35.26M 35.12M 35.13M 35.45M 35.46M 35.47M
Weighted Average Basic & Diluted Shares Outstanding		 34.11M 33.99M 34.15M 34.50M 34.69M 34.91M 34.90M 35.05M 35.06M 35.11M 35.10M
Cash Dividends to Common per Share		 $0.24 $0.23 $0.23 $0.23 $0.23 $0.22 $0.22 $0.22 $0.22 $0.21 $0.21

Annual Cash Flow Statements for Heritage Financial

This table details how cash moves in and out of Heritage Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -108 121 -1,620 980 515 67 59 -0.73 -23 5.00 -8.76
Net Cash From Operating Activities		 64 110 94 70 70 92 90 74 54 51 51
Net Cash From Continuing Operating Activities		 64 110 94 70 70 92 90 74 54 51 51
Net Income / (Loss) Continuing Operations		 43 62 82 98 47 68 53 42 39 37 21
Consolidated Net Income / (Loss)		 43 62 82 98 47 68 53 42 39 37 21
Provision For Loan Losses		 6.28 4.28 -1.43 -29 36 4.31 5.13 4.22 4.93 4.37 4.59
Depreciation Expense		 1.59 3.17 0.34 -22 -3.61 14 18 11 13 14 13
Amortization Expense		 1.64 2.43 2.75 3.11 3.53 4.00 3.82 0.28 -0.01 0.23 0.19
Non-Cash Adjustments to Reconcile Net Income		 7.35 -0.19 2.18 -0.22 -12 -3.30 0.59 4.89 -4.83 -4.68 -1.08
Changes in Operating Assets and Liabilities, net		 4.36 38 8.73 20 - 5.81 10 12 2.26 0.01 14
Net Cash From Investing Activities		 -86 -93 -1,208 164 -539 -125 -110 -241 -253 -217 -122
Net Cash From Continuing Investing Activities		 -86 -93 -1,208 164 -539 -125 -110 -241 -253 -217 -122
Purchase of Property, Leasehold Improvements and Equipment		 -3.46 -10 -4.02 -3.02 -7.00 -13 -23 -3.06 -6.72 -1.82 -3.94
Acquisitions		 0.00 -14 0.00 0.00 - - - - - - -
Purchase of Investment Securities		 -581 -506 -1,432 -69 -852 -387 -471 -416 -558 -476 -394
Sale of Property, Leasehold Improvements and Equipment		 0.08 0.08 0.11 0.07 0.55 0.10 0.03 0.00 0.66 0.82 1.17
Sale and/or Maturity of Investments		 525 475 246 277 327 310 287 193 324 293 243
Other Investing Activities, net		 -27 -38 -18 -42 -7.12 -36 -8.36 -15 -12 -33 0.00
Net Cash From Financing Activities		 -86 105 -506 747 983 99 78 167 176 170 62
Net Cash From Continuing Financing Activities		 -86 105 -506 747 983 99 78 167 176 170 62
Net Change in Deposits		 85 -310 -469 783 1,015 150 215 163 121 202 73
Issuance of Debt		 1,459 1,890 50 0.00 64 446 555 763 661 0.00 0.00
Repayment of Debt		 -1,576 -1,390 -50 0.00 -64 -446 -663 -750 -581 0.00 0.00
Repurchase of Common Equity		 -22 -6.97 -3.20 -23 -19 -8.64 -1.70 -0.74 -2.89 -7.74 -2.60
Payment of Dividends		 -32 -31 -29 -29 -29 -31 -26 -18 -22 -16 -13
Other Financing Activities, Net		 0.00 -47 -4.24 15 16 -11 -0.66 9.88 -0.45 -8.08 3.79
Cash Interest Paid		 112 46 7.71 6.79 13 18 12 8.40 6.00 6.32 5.42
Cash Income Taxes Paid		 1.51 2.97 5.04 9.89 13 7.53 5.63 2.05 12 15 9.79

Quarterly Cash Flow Statements for Heritage Financial

This table details how cash moves in and out of Heritage Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 132 -58 62 -76 -35 4.47 112 -193 198 -304 -587
Net Cash From Operating Activities		 19 21 24 6.79 13 31 31 24 23 32 29
Net Cash From Continuing Operating Activities		 19 21 24 6.79 13 31 31 24 23 32 29
Net Income / (Loss) Continuing Operations		 14 12 11 14 5.75 6.23 18 17 20 23 21
Consolidated Net Income / (Loss)		 14 12 11 14 5.75 6.23 18 17 20 23 21
Provision For Loan Losses		 0.05 1.18 2.44 1.27 1.39 1.42 -0.88 1.91 1.83 1.41 1.95
Depreciation Expense		 0.45 0.46 0.08 0.51 0.55 0.80 0.63 0.93 0.81 0.96 1.03
Amortization Expense		 0.30 0.40 0.40 0.42 0.42 0.59 0.60 0.62 0.62 0.67 0.67
Non-Cash Adjustments to Reconcile Net Income		 5.02 -11 5.76 2.05 10 -2.47 2.21 -0.60 0.68 1.56 1.39
Changes in Operating Assets and Liabilities, net		 -0.48 17 4.08 -12 -5.28 24 10 4.36 -0.99 4.87 2.51
Net Cash From Investing Activities		 79 -44 -22 -54 33 -10 52 -80 -55 -22 -514
Net Cash From Continuing Investing Activities		 79 -44 -22 -54 33 -10 52 -80 -55 -22 -514
Purchase of Property, Leasehold Improvements and Equipment		 -1.17 -0.80 -0.94 -0.82 -0.89 -1.13 -3.77 -0.82 -4.65 -1.72 -1.10
Acquisitions		 0.00 - - - - - - - - - -
Purchase of Investment Securities		 4.83 -146 -148 -162 -125 -210 -37 -139 -119 -99 -564
Sale of Property, Leasehold Improvements and Equipment		 0.01 0.03 - 0.05 0.00 0.08 - - 0.00 -2.10 2.21
Sale and/or Maturity of Investments		 109 117 128 112 169 207 139 59 69 90 57
Other Investing Activities, net		 -33 -14 -0.49 -2.51 -9.57 -5.73 -32 -0.05 -0.37 -8.95 -8.27
Net Cash From Financing Activities		 33 -35 59 -29 -82 -16 29 -137 229 -314 -101
Net Cash From Continuing Financing Activities		 33 -35 59 -29 -82 -16 29 -137 229 -314 -101
Net Change in Deposits		 161 -24 193 -17 -68 -35 54 -193 -136 -313 -92
Issuance of Debt		 107 139 - 1,305 15 100 35 1,040 715 50 -
Repayment of Debt		 -225 -138 -118 -1,305 -15 -50 -35 -973 -332 -50 -
Repurchase of Common Equity		 -0.84 -4.36 -7.53 -4.41 -6.12 -0.03 -2.57 -1.75 -2.63 -0.02 -0.00
Payment of Dividends		 -8.16 -7.86 -7.92 -7.98 -8.03 -7.68 -7.71 -7.71 -7.72 -7.37 -7.37
Other Financing Activities, Net		 0.00 - - - 0.00 -23 -15 -0.95 -7.44 6.15 -1.38
Cash Interest Paid		 24 28 26 41 17 16 12 11 6.50 2.77 1.75
Cash Income Taxes Paid		 0.00 0.16 1.12 - - 1.34 0.25 - - 3.05 1.82

Annual Balance Sheets for Heritage Financial

This table presents Heritage Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 7,106 7,175 6,980 7,432 6,615 5,553 5,317 190 3,879 3,651 3,458
Cash and Due from Banks		 59 56 74 1,785 92 95 93 103 77 64 74
Interest Bearing Deposits at Other Banks		 58 169 29 1,662 651 134 69 - 27 63 48
Trading Account Securities		 764 1,134 1,331 896 807 958 976 - 795 812 779
Loans and Leases, Net of Allowance		 4,750 4,288 4,008 3,773 -70 3,732 3,619 -32 2,610 2,372 2,223
Loans and Leases		 4,802 4,336 4,051 3,816 - 3,768 3,654 - 2,641 2,402 2,251
Allowance for Loan and Lease Losses		 52 48 43 42 70 36 35 32 31 30 28
Premises and Equipment, Net		 72 75 77 79 85 88 81 - 64 62 65
Goodwill		 241 241 241 241 241 241 241 119 119 119 119
Intangible Assets		 3.15 4.79 7.23 9.98 13 17 21 - 7.37 8.79 11
Other Assets		 1,159 1,207 1,212 526 4,796 289 216 0.00 169 143 134
Total Liabilities & Shareholders' Equity		 7,106 7,175 6,980 7,432 6,615 5,553 5,317 0.00 3,879 3,651 3,458
Total Liabilities		 6,243 6,322 6,182 163 5,795 4,744 4,556 0.00 3,397 3,181 3,003
Non-Interest Bearing Deposits		 5,685 5,600 5,925 - 5,598 4,583 4,432 - 3,230 3,108 2,906
Short-Term Debt		 383 500 47 51 36 20 31 - 22 23 32
Long-Term Debt		 22 22 21 0.00 21 21 20 - 99 19 19
Other Long-Term Liabilities		 153 200 189 112 140 120 72 - 46 30 46
Total Equity & Noncontrolling Interests		 864 853 798 854 820 809 761 0.00 482 470 368
Total Preferred & Common Equity		 864 853 798 854 820 809 761 0.00 482 470 455
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Common Equity		 864 853 798 854 820 809 761 0.00 482 470 368
Common Stock		 532 550 552 552 571 586 592 - 359 359 365
Retained Earnings		 387 376 345 293 224 212 176 - 125 108 -
Accumulated Other Comprehensive Income / (Loss)		 -55 -72 -100 9.40 25 10 -7.46 - -2.61 2.56 3.38

Quarterly Balance Sheets for Heritage Financial

This table presents Heritage Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 7,130 7,153 7,060 7,091 7,151 7,115 7,237 7,200
Cash and Due from Banks		 89 78 55 53 62 73 370 100
Interest Bearing Deposits at Other Banks		 160 98 58 137 159 35 233 307
Trading Account Securities		 716 853 931 997 1,148 1,277 1,318 2,129
Loans and Leases, Net of Allowance		 4,713 4,628 4,481 4,378 4,220 4,205 4,083 -42
Loans and Leases		 4,765 4,679 4,533 4,428 4,267 4,251 4,127 -
Allowance for Loan and Lease Losses		 52 51 51 50 47 46 44 42
Premises and Equipment, Net		 71 73 73 74 76 79 80 77
Goodwill		 241 241 241 241 241 241 241 241
Intangible Assets		 2.85 3.55 3.95 4.37 5.39 5.98 6.60 7.90
Other Assets		 1,137 1,180 1,215 1,207 1,240 1,198 925 4,380
Total Liabilities & Shareholders' Equity		 7,130 7,153 7,060 7,091 7,151 7,115 7,237 7,200
Total Liabilities		 6,248 6,279 6,209 6,244 6,337 6,296 6,389 6,424
Non-Interest Bearing Deposits		 5,845 5,708 5,516 5,532 5,635 5,596 5,789 6,238
Short-Term Debt		 264 382 500 500 473 488 39 40
Long-Term Debt		 22 22 22 22 22 22 383 21
Other Long-Term Liabilities		 116 166 172 190 207 190 178 124
Total Equity & Noncontrolling Interests		 882 875 851 848 814 820 826 777
Total Preferred & Common Equity		 882 875 851 848 814 820 826 777
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 882 875 851 848 814 820 826 777
Common Stock		 532 535 541 545 549 550 551 551
Retained Earnings		 393 383 380 374 378 367 358 330
Accumulated Other Comprehensive Income / (Loss)		 -43 -44 -71 -71 -113 -97 -83 -105

Annual Metrics And Ratios for Heritage Financial

This table displays calculated financial ratios and metrics derived from Heritage Financial's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.07% -2.07% 3.57% 0.91% 2.62% 6.19% 24.96% 6.59% 1.38% 22.74% 70.50%
EBITDA Growth		 -29.33% -23.42% 0.64% 91.89% -46.46% 15.66% 20.53% 8.72% -0.13% 59.82% 98.05%
EBIT Growth		 -28.33% -26.67% -17.49% 126.60% -34.38% 26.05% 6.90% 14.09% 2.76% 83.77% 97.06%
NOPAT Growth		 -29.95% -24.57% -16.48% 110.51% -31.07% 27.33% 26.96% 7.38% 3.81% 78.40% 119.47%
Net Income Growth		 -29.95% -24.57% -16.48% 110.51% -31.07% 27.33% 26.96% 7.38% 3.81% 78.40% 119.47%
EPS Growth		 -29.14% -24.24% -15.38% 111.63% -29.51% 22.82% 7.19% 6.92% 4.00% 15,143.90% -18.00%
Operating Cash Flow Growth		 -41.12% 15.95% 35.85% -1.14% -23.96% 2.30% 22.99% 36.19% 5.03% 0.12% 66.15%
Free Cash Flow Firm Growth		 133.47% -106.84% 203.01% -32,416.65% -34.53% 105.27% -225.16% 980.83% -268.54% 112.79% -1,060.27%
Invested Capital Growth		 -7.74% 58.79% -88.17% 734.74% 3.17% 4.62% 327.73% -68.51% 17.67% 1.35% 106.28%
Revenue Q/Q Growth		 3.01% -7.22% 5.04% -2.43% 2.41% -0.69% 6.59% 2.93% 0.74% -0.40% 18.51%
EBITDA Q/Q Growth		 19.91% -21.54% 8.26% -8.77% -1.32% 0.71% 15.72% 5.21% 1.23% 4.76% 31.85%
EBIT Q/Q Growth		 22.95% -22.62% 3.72% -3.21% 17.03% 0.39% 4.84% 7.20% 2.16% 7.45% 37.74%
NOPAT Q/Q Growth		 15.16% -20.89% 4.00% -4.37% 16.97% 0.77% 14.17% 0.31% 1.04% 6.35% 45.23%
Net Income Q/Q Growth		 15.16% -20.89% 4.00% -4.37% 16.97% 0.77% 14.17% 0.31% 1.04% 6.35% 45.23%
EPS Q/Q Growth		 14.81% -20.81% 4.05% -3.87% 17.27% 1.11% 8.76% 0.00% 0.78% 220.51% 182.00%
Operating Cash Flow Q/Q Growth		 -13.82% -0.96% 16.16% -11.60% -9.75% 0.67% 20.30% 5.74% -4.37% -13.27% 42.75%
Free Cash Flow Firm Q/Q Growth		 121.91% -14.17% 4,150.51% -15,245.22% -2.76% -7.05% -625.36% 697.37% -708.80% 0.68% 5.06%
Invested Capital Q/Q Growth		 -0.78% 5.09% 3.27% 701.30% 2.82% 2.01% 1.74% -71.80% 8.53% 0.34% -0.06%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 25.59% 32.20% 41.18% 42.38% 22.29% 42.71% 39.22% 40.66% 39.86% 40.47% 31.08%
EBIT Margin		 24.10% 29.91% 39.94% 50.13% 22.32% 34.91% 29.41% 34.38% 32.12% 31.69% 21.17%
Profit (Net Income) Margin		 19.95% 25.33% 32.88% 40.78% 19.55% 29.10% 24.27% 23.89% 23.71% 23.16% 15.93%
Tax Burden Percent		 82.78% 84.69% 82.34% 81.35% 87.57% 83.36% 82.52% 69.48% 73.82% 73.07% 75.27%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.22% 15.31% 17.66% 18.65% 12.43% 16.64% 17.48% 30.52% 26.18% 26.93% 24.73%
Return on Invested Capital (ROIC)		 3.27% 5.51% 2.00% 2.39% 5.39% 8.13% 10.59% 10.54% 6.98% 7.36% 5.60%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.27% 5.51% 2.00% 2.39% 5.39% 8.13% 10.59% 10.54% 6.98% 7.36% 5.60%
Return on Net Nonoperating Assets (RNNOA)		 1.77% 1.97% 7.91% 9.31% 0.32% 0.48% 3.36% 6.81% 1.20% 1.58% 1.60%
Return on Equity (ROE)		 5.04% 7.48% 9.91% 11.71% 5.72% 8.61% 13.95% 17.35% 8.18% 8.95% 7.20%
Cash Return on Invested Capital (CROIC)		 11.33% -39.92% 159.69% -154.82% 2.27% 3.61% -113.62% 114.74% -9.26% 6.02% -63.81%
Operating Return on Assets (OROA)		 0.73% 1.03% 1.38% 1.72% 0.87% 1.49% 2.34% 2.96% 1.40% 1.44% 1.09%
Return on Assets (ROA)		 0.61% 0.87% 1.14% 1.40% 0.77% 1.24% 1.93% 2.05% 1.03% 1.05% 0.82%
Return on Common Equity (ROCE)		 5.04% 7.48% 9.91% 11.71% 5.72% 8.61% 13.95% 17.35% 8.18% 8.95% 7.20%
Return on Equity Simple (ROE_SIMPLE)		 5.01% 7.24% 10.26% 11.47% 5.68% 8.35% 6.97% 0.00% 8.08% 7.98% 4.62%
Net Operating Profit after Tax (NOPAT)		 43 62 82 98 47 68 53 42 39 37 21
NOPAT Margin		 19.95% 25.33% 32.88% 40.78% 19.55% 29.10% 24.27% 23.89% 23.71% 23.16% 15.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 61.66% 56.72% 51.05% 51.86% 51.74% 52.43% 54.77% 51.89% 53.20% 52.35% 58.98%
Operating Expenses to Revenue		 73.00% 68.34% 60.63% 62.09% 62.52% 63.23% 68.24% 63.21% 64.87% 65.61% 75.35%
Earnings before Interest and Taxes (EBIT)		 52 73 99 121 53 81 64 60 53 51 28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 55 79 103 102 53 99 86 71 65 66 41
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.96 0.83 1.22 0.90 0.89 1.07 1.17 0.00 1.24 0.89 1.04
Price to Tangible Book Value (P/TBV)		 1.34 1.16 1.77 1.27 1.28 1.56 1.78 0.00 1.68 1.23 1.61
Price to Revenue (P/Rev)		 3.82 2.90 3.91 3.19 3.05 3.71 4.05 4.17 3.64 2.59 2.90
Price to Earnings (P/E)		 19.16 11.45 11.88 7.83 15.60 12.76 16.70 17.45 15.33 11.19 18.22
Dividend Yield		 3.79% 4.35% 3.03% 3.71% 3.95% 3.14% 2.58% 1.97% 3.01% 4.14% 3.95%
Earnings Yield		 5.22% 8.74% 8.42% 12.77% 6.41% 7.83% 5.99% 5.73% 6.52% 8.94% 5.49%
Enterprise Value to Invested Capital (EV/IC)		 0.88 0.73 1.08 0.00 0.05 0.79 0.96 3.30 1.02 0.65 0.62
Enterprise Value to Revenue (EV/Rev)		 5.15 4.12 3.76 0.00 0.17 2.91 3.55 3.58 3.74 2.07 2.37
Enterprise Value to EBITDA (EV/EBITDA)		 20.13 12.78 9.14 0.00 0.75 6.80 9.05 8.80 9.39 5.12 7.62
Enterprise Value to EBIT (EV/EBIT)		 21.37 13.76 9.42 0.00 0.75 8.32 12.07 10.41 11.65 6.54 11.19
Enterprise Value to NOPAT (EV/NOPAT)		 25.82 16.25 11.44 0.00 0.86 9.98 14.63 14.98 15.78 8.95 14.87
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.32 9.16 9.92 0.00 0.57 7.29 8.58 8.52 11.38 6.53 6.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.46 0.00 0.14 0.00 2.04 22.49 0.00 1.38 0.00 10.95 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.47 0.61 0.09 0.06 0.07 0.05 0.07 0.00 0.25 0.09 0.14
Long-Term Debt to Equity		 0.03 0.03 0.03 0.00 0.03 0.03 0.03 0.00 0.21 0.04 0.05
Financial Leverage		 0.54 0.36 3.95 3.89 0.06 0.06 0.32 0.65 0.17 0.22 0.29
Leverage Ratio		 8.32 8.57 8.72 8.39 7.47 6.92 7.24 8.45 7.91 8.48 8.76
Compound Leverage Factor		 8.32 8.57 8.72 8.39 7.47 6.92 7.24 8.45 7.91 8.48 8.76
Debt to Total Capital		 31.93% 37.95% 7.86% 5.62% 6.45% 4.80% 6.37% 0.00% 20.13% 8.32% 12.22%
Short-Term Debt to Total Capital		 30.19% 36.36% 5.38% 5.62% 4.07% 2.37% 3.88% 0.00% 3.66% 4.53% 7.67%
Long-Term Debt to Total Capital		 1.74% 1.58% 2.48% 0.00% 2.38% 2.42% 2.50% 0.00% 16.47% 3.79% 4.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 68.07% 62.05% 92.14% 94.38% 93.55% 95.20% 93.63% 0.00% 79.87% 91.68% 87.78%
Debt to EBITDA		 7.30 6.65 0.66 0.50 1.07 0.41 0.60 0.00 1.86 0.65 1.25
Net Debt to EBITDA		 5.19 3.78 -0.35 -33.33 -12.93 -1.89 -1.28 0.00 0.27 -1.28 -1.72
Long-Term Debt to EBITDA		 0.40 0.28 0.21 0.00 0.39 0.21 0.24 0.00 1.52 0.30 0.47
Debt to NOPAT		 9.36 8.45 0.83 0.52 1.21 0.60 0.98 0.00 3.12 1.14 2.44
Net Debt to NOPAT		 6.66 4.81 -0.43 -34.64 -14.75 -2.78 -2.08 0.00 0.45 -2.24 -3.35
Long-Term Debt to NOPAT		 0.51 0.35 0.26 0.00 0.45 0.30 0.38 0.00 2.55 0.52 0.91
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 150 -447 6,537 -6,346 20 30 -569 455 -52 31 -240
Operating Cash Flow to CapEx		 1,908.91% 1,063.54% 2,415.75% 2,354.55% 1,091.59% 714.48% 389.08% 2,400.03% 890.32% 5,109.05% 1,853.29%
Free Cash Flow to Firm to Interest Expense		 1.49 -7.54 809.79 -901.12 1.47 1.65 -45.88 54.52 -8.60 5.01 -42.17
Operating Cash Flow to Interest Expense		 0.64 1.85 11.70 9.87 5.28 5.09 7.28 8.81 8.99 8.40 9.04
Operating Cash Flow Less CapEx to Interest Expense		 0.61 1.67 11.22 9.45 4.80 4.38 5.41 8.44 7.98 8.23 8.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.04 0.04 0.08 0.09 0.04 0.05 0.05
Fixed Asset Turnover		 2.96 3.21 3.19 2.92 2.75 2.75 0.00 0.00 2.61 2.55 2.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,269 1,375 866 7,321 877 850 813 190 603 513 506
Invested Capital Turnover		 0.16 0.22 0.06 0.06 0.28 0.28 0.44 0.44 0.29 0.32 0.35
Increase / (Decrease) in Invested Capital		 -106 509 -6,455 6,444 27 38 623 -413 91 6.84 261
Enterprise Value (EV)		 1,117 1,004 937 -2,628 40 675 776 626 614 336 312
Market Capitalization		 829 707 972 768 727 862 886 729 597 420 383
Book Value per Share		 $25.28 $24.45 $22.73 $24.30 $22.85 $22.10 $20.63 $0.00 $16.09 $15.68 $12.17
Tangible Book Value per Share		 $18.14 $17.41 $15.66 $17.16 $15.77 $15.07 $13.54 ($3.98) $11.87 $11.42 $7.87
Total Capital		 1,269 1,375 866 905 877 850 813 0.00 603 513 419
Total Debt		 405 522 68 51 57 41 52 0.00 121 43 51
Total Long-Term Debt		 22 22 21 0.00 21 21 20 0.00 99 19 19
Net Debt		 288 297 -36 -3,396 -687 -188 -110 -103 18 -84 -70
Capital Expenditures (CapEx)		 3.38 10 3.91 2.95 6.44 13 23 3.06 6.06 1.01 2.77
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 405 522 68 6,466 57 41 52 190 121 43 138
Total Depreciation and Amortization (D&A)		 3.23 5.60 3.09 -19 -0.09 18 21 11 13 14 13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.26 $1.76 $2.33 $2.75 $1.29 $1.84 $1.49 $1.39 $1.30 $1.25 $0.82
Adjusted Weighted Average Basic Shares Outstanding		 34.47M 35.02M 35.10M 35.68M 36.01M 36.48M 36.88M 34.01M 29.96M 29.97M 30.26M
Adjusted Diluted Earnings per Share		 $1.24 $1.75 $2.31 $2.73 $1.29 $1.83 $1.49 $1.39 $1.30 $1.25 $0.82
Adjusted Weighted Average Diluted Shares Outstanding		 34.90M 35.26M 35.46M 35.97M 36.17M 36.48M 36.88M 34.01M 29.96M 29.97M 30.26M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.84 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 33.99M 34.91M 35.11M 35.11M 35.91M 36.48M 36.88M 34.01M 29.96M 29.97M 30.26M
Normalized Net Operating Profit after Tax (NOPAT)		 43 62 82 98 47 68 53 42 39 37 21
Normalized NOPAT Margin		 19.95% 25.33% 32.88% 40.78% 19.55% 29.10% 24.27% 23.89% 23.71% 23.16% 15.96%
Pre Tax Income Margin		 24.10% 29.91% 39.94% 50.13% 22.32% 34.91% 29.41% 34.38% 32.12% 31.69% 21.17%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.52 1.23 12.32 17.11 3.99 4.46 5.18 7.21 8.78 8.38 4.91
NOPAT to Interest Expense		 0.43 1.04 10.14 13.92 3.50 3.72 4.27 5.01 6.48 6.13 3.70
EBIT Less CapEx to Interest Expense		 0.49 1.06 11.83 16.69 3.51 3.75 3.31 6.84 7.77 8.22 4.43
NOPAT Less CapEx to Interest Expense		 0.40 0.87 9.66 13.50 3.01 3.01 2.40 4.64 5.47 5.96 3.21
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 73.46% 49.91% 36.02% 29.52% 61.97% 45.75% 48.61% 43.80% 55.42% 42.46% 61.35%
Augmented Payout Ratio		 125.28% 61.20% 39.92% 52.86% 103.02% 58.53% 51.82% 45.56% 62.86% 63.09% 73.73%

Quarterly Metrics And Ratios for Heritage Financial

This table displays calculated financial ratios and metrics derived from Heritage Financial's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 18.43% 12.48% -11.46% -10.69% -28.59% -27.22% -7.27% 10.59% 22.74% 20.68% 11.97%
EBITDA Growth		 115.59% 115.61% -41.19% -21.01% -69.95% -73.00% -15.82% -7.59% 16.15% 36.07% 24.94%
EBIT Growth		 135.28% 148.29% -40.06% -19.51% -72.16% -76.42% -15.01% -11.92% 5.70% 14.68% 0.23%
NOPAT Growth		 142.01% 91.37% -37.30% -15.95% -71.90% -72.35% -13.20% -9.35% 3.54% 16.22% 1.93%
Net Income Growth		 142.01% 91.37% -37.30% -15.95% -71.90% -72.35% -13.20% -9.35% 3.54% 16.22% 1.93%
EPS Growth		 150.00% 88.89% -35.29% -14.58% -72.41% -71.88% -13.56% -7.69% 3.57% 16.36% 1.72%
Operating Cash Flow Growth		 49.26% -33.40% -22.27% -71.78% -44.87% -3.30% 8.99% 4.74% 114.10% 69.60% 36.64%
Free Cash Flow Firm Growth		 329.56% 123.54% 109.15% 93.54% 73.78% -107.76% -570.21% -704.26% -2,938.58% 200.82% 339.94%
Invested Capital Growth		 -14.70% -7.74% -2.29% 3.22% 7.84% 58.79% 56.03% 53.08% 42.40% -88.17% -8.22%
Revenue Q/Q Growth		 0.95% 4.12% -2.78% 15.89% -4.13% -18.04% -1.93% -7.33% -2.28% 4.42% 16.95%
EBITDA Q/Q Growth		 -1.60% 26.90% -19.98% 115.76% -1.59% -65.39% 7.47% -17.92% -11.59% 7.93% 17.98%
EBIT Q/Q Growth		 -1.05% 24.98% -18.31% 132.89% 4.42% -69.83% 9.69% -19.45% -11.54% 8.74% 13.68%
NOPAT Q/Q Growth		 16.62% 4.42% -19.32% 146.33% -7.78% -65.79% 8.15% -17.65% -9.26% 7.40% 12.95%
Net Income Q/Q Growth		 16.62% 4.42% -19.32% 146.33% -7.78% -65.79% 8.15% -17.65% -9.26% 7.40% 12.95%
EPS Q/Q Growth		 17.65% 3.03% -19.51% 156.25% -11.11% -64.71% 6.25% -17.24% -9.38% 8.47% 13.46%
Operating Cash Flow Q/Q Growth		 -6.63% -14.71% 255.97% -47.35% -58.34% -0.46% 29.23% 2.86% -26.92% 12.20% 24.19%
Free Cash Flow Firm Q/Q Growth		 81.87% 186.47% 244.01% 69.40% 81.35% -11.34% -1.67% -24.20% -105.52% 6,643.91% 30.65%
Invested Capital Q/Q Growth		 -7.93% -0.78% -6.84% 0.22% -0.41% 5.09% -1.59% 4.70% 46.64% 3.27% -3.45%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 29.36% 30.12% 24.71% 30.03% 16.13% 15.71% 37.20% 33.95% 38.33% 42.36% 40.98%
EBIT Margin		 28.06% 28.62% 23.85% 28.38% 14.12% 12.97% 35.22% 31.49% 36.23% 40.02% 38.43%
Profit (Net Income) Margin		 24.15% 20.91% 20.85% 25.12% 11.82% 12.29% 29.44% 26.70% 30.04% 32.35% 31.45%
Tax Burden Percent		 86.09% 73.04% 87.43% 88.52% 83.69% 94.77% 83.58% 84.78% 82.92% 80.83% 81.84%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 13.91% 26.96% 12.57% 11.48% 16.31% 5.23% 16.42% 15.22% 17.08% 19.17% 18.16%
Return on Invested Capital (ROIC)		 4.30% 3.43% 3.39% 4.05% 2.01% 2.67% 7.21% 6.50% 7.27% 1.97% 8.51%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.30% 3.43% 3.39% 4.05% 2.01% 2.67% 7.21% 6.50% 7.27% 1.97% 8.51%
Return on Net Nonoperating Assets (RNNOA)		 2.01% 1.85% 1.81% 2.50% 1.16% 0.96% 2.52% 2.29% 2.27% 7.78% 0.67%
Return on Equity (ROE)		 6.31% 5.28% 5.20% 6.55% 3.17% 3.63% 9.73% 8.79% 9.54% 9.75% 9.17%
Cash Return on Invested Capital (CROIC)		 19.92% 11.33% 5.22% 0.11% -3.98% -39.92% -36.50% -34.59% -27.34% 159.69% 17.55%
Operating Return on Assets (OROA)		 0.89% 0.87% 0.70% 0.87% 0.44% 0.45% 1.29% 1.17% 1.29% 1.38% 1.26%
Return on Assets (ROA)		 0.77% 0.63% 0.61% 0.77% 0.37% 0.42% 1.08% 0.99% 1.07% 1.12% 1.03%
Return on Common Equity (ROCE)		 6.31% 5.28% 5.20% 6.55% 3.17% 3.63% 9.73% 8.79% 9.54% 9.75% 9.17%
Return on Equity Simple (ROE_SIMPLE)		 5.83% 0.00% 4.30% 5.22% 5.55% 0.00% 9.60% 9.86% 10.00% 0.00% 10.14%
Net Operating Profit after Tax (NOPAT)		 14 12 11 14 5.75 6.23 18 17 20 23 21
NOPAT Margin		 24.15% 20.91% 20.85% 25.12% 11.82% 12.29% 29.44% 26.70% 30.04% 32.35% 31.45%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 60.70% 57.92% 60.70% 58.98% 70.24% 67.81% 55.47% 54.49% 51.65% 48.14% 49.70%
Operating Expenses to Revenue		 71.85% 69.30% 71.70% 69.37% 83.01% 84.23% 66.20% 65.49% 61.09% 57.96% 58.66%
Earnings before Interest and Taxes (EBIT)		 16 16 13 16 6.87 6.58 22 20 25 28 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 17 17 14 17 7.84 7.97 23 21 26 30 27
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.94 0.96 0.85 0.73 0.78 0.83 0.66 0.65 0.84 1.22 1.10
Price to Tangible Book Value (P/TBV)		 1.30 1.34 1.18 1.02 1.10 1.16 0.95 0.93 1.21 1.77 1.61
Price to Revenue (P/Rev)		 3.66 3.82 3.53 2.84 2.95 2.90 2.05 1.99 2.67 3.91 3.59
Price to Earnings (P/E)		 16.08 19.16 19.80 13.95 14.06 11.45 6.91 6.60 8.45 11.88 10.81
Dividend Yield		 3.82% 3.79% 4.22% 5.05% 4.70% 4.35% 5.66% 5.65% 4.28% 3.03% 3.47%
Earnings Yield		 6.22% 5.22% 5.05% 7.17% 7.11% 8.74% 14.48% 15.15% 11.84% 8.42% 9.25%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.88 0.76 0.75 0.73 0.73 0.62 0.70 0.41 1.08 0.60
Enterprise Value to Revenue (EV/Rev)		 3.83 5.15 4.62 4.72 4.43 4.12 3.10 3.49 1.98 3.76 2.13
Enterprise Value to EBITDA (EV/EBITDA)		 13.40 20.13 21.01 18.41 16.49 12.78 8.13 8.96 4.87 9.14 5.34
Enterprise Value to EBIT (EV/EBIT)		 14.05 21.37 22.87 20.04 18.03 13.76 8.63 9.53 5.13 9.42 5.27
Enterprise Value to NOPAT (EV/NOPAT)		 16.82 25.82 25.88 23.15 21.12 16.25 10.42 11.57 6.26 11.44 6.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.21 17.32 12.99 12.56 10.03 9.16 7.36 8.66 4.83 9.92 6.22
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.42 7.46 14.41 681.34 0.00 0.00 0.00 0.00 0.00 0.14 3.29
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.47 0.46 0.61 0.62 0.61 0.61 0.62 0.51 0.09 0.08
Long-Term Debt to Equity		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.46 0.03 0.03
Financial Leverage		 0.47 0.54 0.53 0.62 0.58 0.36 0.35 0.35 0.31 3.95 0.08
Leverage Ratio		 8.22 8.32 8.47 8.49 8.56 8.57 9.02 8.88 8.94 8.72 8.90
Compound Leverage Factor		 8.22 8.32 8.47 8.49 8.56 8.57 9.02 8.88 8.94 8.72 8.90
Debt to Total Capital		 24.53% 31.93% 31.60% 38.03% 38.11% 37.95% 37.82% 38.35% 33.83% 7.86% 7.38%
Short-Term Debt to Total Capital		 22.64% 30.19% 29.88% 36.43% 36.51% 36.36% 36.16% 36.72% 3.14% 5.38% 4.82%
Long-Term Debt to Total Capital		 1.89% 1.74% 1.72% 1.60% 1.59% 1.58% 1.66% 1.63% 30.69% 2.48% 2.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.47% 68.07% 68.40% 61.97% 61.89% 62.05% 62.18% 61.65% 66.17% 92.14% 92.62%
Debt to EBITDA		 4.44 7.30 8.73 9.36 8.66 6.65 4.95 4.88 3.98 0.66 0.65
Net Debt to EBITDA		 0.59 5.19 4.94 7.32 5.51 3.78 2.74 3.85 -1.70 -0.35 -3.65
Long-Term Debt to EBITDA		 0.34 0.40 0.48 0.39 0.36 0.28 0.22 0.21 3.61 0.21 0.23
Debt to NOPAT		 5.57 9.36 10.75 11.77 11.09 8.45 6.34 6.31 5.11 0.83 0.79
Net Debt to NOPAT		 0.74 6.66 6.08 9.20 7.06 4.81 3.51 4.97 -2.19 -0.43 -4.39
Long-Term Debt to NOPAT		 0.43 0.51 0.59 0.49 0.46 0.35 0.28 0.27 4.64 0.26 0.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 215 118 41 -29 -94 -503 -452 -444 -358 6,477 96
Operating Cash Flow to CapEx		 1,658.31% 2,674.32% 2,568.97% 878.53% 1,444.46% 2,948.48% 824.30% 2,920.63% 503.05% 837.46% 0.00%
Free Cash Flow to Firm to Interest Expense		 9.09 4.70 1.54 -1.13 -4.11 -24.66 -25.30 -31.18 -52.42 2,222.83 52.66
Operating Cash Flow to Interest Expense		 0.81 0.82 0.90 0.27 0.57 1.52 1.74 1.69 3.43 10.99 15.64
Operating Cash Flow Less CapEx to Interest Expense		 0.76 0.79 0.87 0.24 0.53 1.47 1.53 1.63 2.75 9.68 16.25
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.03 0.03
Fixed Asset Turnover		 3.11 2.96 2.83 2.85 2.91 3.21 3.43 3.42 3.29 3.19 3.03
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,168 1,269 1,278 1,372 1,369 1,375 1,308 1,330 1,270 866 839
Invested Capital Turnover		 0.18 0.16 0.16 0.16 0.17 0.22 0.24 0.24 0.24 0.06 0.27
Increase / (Decrease) in Invested Capital		 -201 -106 -30 43 100 509 470 461 378 -6,455 -75
Enterprise Value (EV)		 865 1,117 972 1,027 993 1,004 813 935 517 937 505
Market Capitalization		 827 829 744 619 661 707 539 533 698 972 851
Book Value per Share		 $25.93 $25.28 $25.35 $24.52 $24.34 $24.45 $23.21 $23.38 $23.53 $22.73 $22.13
Tangible Book Value per Share		 $18.76 $18.14 $18.26 $17.46 $17.29 $17.41 $16.18 $16.34 $16.48 $15.66 $15.04
Total Capital		 1,168 1,269 1,278 1,372 1,369 1,375 1,308 1,330 1,248 866 839
Total Debt		 287 405 404 522 522 522 495 510 422 68 62
Total Long-Term Debt		 22 22 22 22 22 22 22 22 383 21 21
Net Debt		 38 288 228 408 332 297 274 401 -181 -36 -345
Capital Expenditures (CapEx)		 1.16 0.77 0.94 0.77 0.89 1.05 3.77 0.82 4.65 3.82 -1.10
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 287 405 404 522 522 522 495 510 444 68 62
Total Depreciation and Amortization (D&A)		 0.75 0.85 0.48 0.93 0.98 1.39 1.23 1.55 1.43 1.63 1.71
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.41 $0.35 $0.33 $0.41 $0.17 $0.18 $0.52 $0.48 $0.58 $0.64 $0.60
Adjusted Weighted Average Basic Shares Outstanding		 34.01M 34.47M 34.32M 34.61M 34.83M 35.02M 35.02M 35.06M 35.11M 35.10M 35.10M
Adjusted Diluted Earnings per Share		 $0.40 $0.34 $0.33 $0.41 $0.16 $0.18 $0.51 $0.48 $0.58 $0.64 $0.59
Adjusted Weighted Average Diluted Shares Outstanding		 34.51M 34.90M 34.66M 34.92M 35.23M 35.26M 35.12M 35.13M 35.45M 35.46M 35.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.11M 33.99M 34.15M 34.50M 34.69M 34.91M 34.90M 35.05M 35.06M 35.11M 35.10M
Normalized Net Operating Profit after Tax (NOPAT)		 14 12 11 14 5.75 6.23 18 17 20 23 21
Normalized NOPAT Margin		 24.15% 20.91% 20.85% 25.12% 11.82% 12.29% 29.44% 26.70% 30.04% 32.35% 31.45%
Pre Tax Income Margin		 28.06% 28.62% 23.85% 28.38% 14.12% 12.97% 35.22% 31.49% 36.23% 40.02% 38.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.68 0.65 0.49 0.63 0.30 0.32 1.22 1.39 3.62 9.57 14.06
NOPAT to Interest Expense		 0.59 0.47 0.43 0.56 0.25 0.31 1.02 1.18 3.00 7.74 11.51
EBIT Less CapEx to Interest Expense		 0.63 0.62 0.45 0.60 0.26 0.27 1.01 1.34 2.93 8.26 14.67
NOPAT Less CapEx to Interest Expense		 0.54 0.44 0.39 0.53 0.21 0.25 0.81 1.12 2.32 6.42 12.11
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 62.05% 73.46% 84.13% 70.77% 66.16% 49.91% 39.09% 37.33% 36.14% 36.02% 37.48%
Augmented Payout Ratio		 95.38% 125.28% 132.26% 100.35% 88.40% 61.20% 48.01% 42.77% 39.98% 39.92% 43.40%

Frequently Asked Questions About Heritage Financial's Financials

When does Heritage Financial's fiscal year end?

According to the most recent income statement we have on file, Heritage Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Heritage Financial's net income changed over the last 10 years?

Heritage Financial's net income appears to be on an upward trend, with a most recent value of $43.26 million in 2024, rising from $21.01 million in 2014. The previous period was $61.76 million in 2023. View Heritage Financial's forecast to see where analysts expect Heritage Financial to go next.

How has Heritage Financial revenue changed over the last 10 years?

Over the last 10 years, Heritage Financial's total revenue changed from $131.89 million in 2014 to $216.84 million in 2024, a change of 64.4%.

How much debt does Heritage Financial have?

Heritage Financial's total liabilities were at $6.24 billion at the end of 2024, a 1.2% decrease from 2023, and a 107.9% increase since 2014.

How much cash does Heritage Financial have?

In the past 10 years, Heritage Financial's cash and equivalents has ranged from $55.85 million in 2023 to $1.78 billion in 2021, and is currently $58.82 million as of their latest financial filing in 2024.

How has Heritage Financial's book value per share changed over the last 10 years?

Over the last 10 years, Heritage Financial's book value per share changed from 12.17 in 2014 to 25.28 in 2024, a change of 107.8%.


Related Companies

This page (NASDAQ:HFWA) was last updated on 5/25/2025 by MarketBeat.com Staff
From Our Partners
Gold Hits New Highs as Global Markets Spiral
When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. ...
Premier Gold Co | Sponsored
White House to reset Social Security?
Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...
Altimetry | Sponsored
Buffett’s favorite chart just hit 209% – here’s what that means for gold
A Historic Gold Announcement Is About to Rock Wall Street For months, sharp-eyed analysts have watched the ...
Golden Portfolio | Sponsored
Is President Trump Lying To You With This?
President Trump’s economic transition isn’t without hardship. But what if there were a smart, tax-free way to ...
Colonial Metals | Sponsored
A grave, grave error.
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we...
Porter & Company | Sponsored
Trump’s Bitcoin Reserve is No Accident…
Bitcoin's supply is being drained at unprecedented rates, but while most investors focus solely on Bitcoin, th...
Crypto 101 Media | Sponsored
This Signal Only Flashes Once Every 4 Years – And It Just Triggered
This same signal has appeared twice before in the past 8 years — both times, it kicked off major moves in cryp...
Crypto Swap Profits | Sponsored
Massive new energy source found in Utah
NEW THIS WEEK: Huge Energy Discovery In Utah The Department of Energy say it could power America for millio...
Stansberry Research | Sponsored