GuruFocus·Jun 25, 2026
Heritage Financial Announces Earnings Release Date and Conference CallHeritage Financial Announces Earnings Release Date and Conference Call PR Newswire OLYMPIA, Wash., June 25, 2026
Heritage Financial Corporation(HFWA)Earnings, Financials & Key Ratios
HFWA•NASDAQ•Banking & Credit
$29.44
15.0× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutHeritage 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.Show more
- Net Interest Income$224M+7.2%
- Total Revenue$336M+5.9%
- Net Income$68M+56.1%
- Return on Equity7.57%+50.1%
- Net Interest Margin3.22%+9.3%
- Efficiency Ratio49.28%-1.3%
- ROA0.96%+58.4%
- Equity / Assets13.23%+8.8%
- Book Value per Share26.78+8.2%
HFWA Price & Volume
Heritage Financial Corporation (HFWA) stock price & volume — 10-year historical chart
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Accelerating Net Interest Income Drives Heritage Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Stable
Primary Risk:Regional CRE concentration exposure
Key Thesis Takeaways
- Heritage Financial Corporation is currently benefiting from a robust 28.9% year-over-year growth in net interest income as of 2026Q1, signaling a pivot toward more aggressive balance sheet expansion.
- While the bank maintains a fortress-like capital position with an equity-to-assets ratio of 0.13, investors should monitor the recent deterioration in the efficiency ratio to 56.9% and potential risks stemming from regional commercial real estate concentration.
- The firm's ability to sustain profitability appears contingent on balancing this asset growth with disciplined expense management and credit quality maintenance.
Verdict Logic
while the 28.9% growth in net interest income is encouraging, the current P/B ratio of 1.10 and the recent rise in the efficiency ratio to 56.9% suggest that valuation may be fully pricing in near-term recovery prospects.
HFWA Growth Metrics
Heritage Financial Corporation (HFWA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.18%
5 Years5.96%
3 Years9.34%
TTM-
Profit CAGR
10 Years6.06%
5 Years7.72%
3 Years-6.22%
TTM41.13%
EPS CAGR
10 Years4.6%
5 Years8.73%
3 Years-5.33%
TTM36.91%
Return on Capital
10 Years8.49%
5 Years7.89%
3 Years4.55%
Last Year4.08%
HFWA Recent Earnings
Heritage Financial Corporation (HFWA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (91%)●Beat Revenue 3/12 qtrs (27%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.59+3.5%
$0.57
Rev
$78M-3.2%
$80M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$0.65
—
Rev
$87M
—
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.66+15.8%
$0.57
Rev
$66M+0.4%
$66M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.56+2.4%
$0.55
Rev
$66M-0.8%
$66M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.59vs $0.57+3.5% | $78Mvs $80M-3.2% |
| Q1 2026 | Feb 27, 2026 | $0.65 | $87M |
| Q1 2026 | Jan 22, 2026 | $0.66vs $0.57+15.8% | $66Mvs $66M+0.4% |
| Q4 2025 | Oct 23, 2025 | $0.56vs $0.55+2.4% | $66Mvs $66M-0.8% |
Based on last 12 quarters of dataView full earnings history →
Latest HFWA News
Recent stock market news and headlines for Heritage Financial Corporation (HFWA)
PRNewsWire·Jun 25, 2026
Heritage Financial Announces Earnings Release Date and Conference CallOLYMPIA, Wash., June 25, 2026 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its second quarter earnings release on Thursday, July 23, 2026 before the market opens.
Peers Comparison
Key metrics vs top competitors for Heritage Financial Corporation (HFWA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $29.44 | $1B | 15.02 | 5.92% | 20.1% | 7.57% | 3.22% | |
| $32.12 | $7.65B | 13.97 | 8.35% | 19.56% | 9.16% | — | |
| $37.65 | $2.78B | 14.32 | -1.58% | 18.26% | 8.36% | — | |
| $28.66 | $5.77B | 11.89 | -5.35% | 34.84% | 11.29% | — | |
| $15.03 | $2.2B | 16.34 | 16.3% | 14.75% | 7.3% | — | |
| $22.58 | $3.06B | 14.86 | -2.33% | 32.4% | 9.16% | — |
Compare HFWA vs Peers
Heritage Financial Corporation (HFWA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HFWA SEC Filings & Documents
Heritage Financial Corporation (HFWA) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
Apr 23, 2026·SEC
Material company update
Mar 23, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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HFWA Frequently Asked Questions
Heritage Financial Corporation (HFWA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Heritage Financial Corporation growing?
Heritage Financial Corporation (HFWA) grew revenue by 5.9% over the past year. This is steady growth.
Is HFWA profitable?
Yes, Heritage Financial Corporation (HFWA) is profitable, generating $72.6M in net income for fiscal year 2025 (20.1% net margin).
Dividend & Returns
Does HFWA pay dividends?
Yes, Heritage Financial Corporation (HFWA) pays a dividend with a yield of 3.22%. This makes it attractive for income-focused investors.
What is HFWA's return on equity?
Heritage Financial Corporation (HFWA) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.
Industry Metrics
What is Heritage Financial Corporation's net interest margin?
Heritage Financial Corporation (HFWA) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.
What is Heritage Financial Corporation's efficiency ratio?
Heritage Financial Corporation (HFWA) has an efficiency ratio of 49.3%. This is excellent, indicating strong cost control.