Heritage Financial Corporation (HFWA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 69.22M | 58.36M | 57.37M | 54.98M | 53.69M | 53.76M | 52.96M | 51.11M | 51.53M | 53.87M | 55.62M | 55.82M | 59.84M | 63.11M | 59.29M | 50.05M | 46.94M | 47.91M | 51.38M | 54.27M |
| NII Growth % | 28.92% | 8.55% | 8.33% | 7.57% | 4.19% | -0.2% | -4.78% | -8.44% | -13.89% | -14.64% | -6.19% | 11.54% | 27.48% | 31.73% | 15.39% | -7.77% | -10.13% | -8.67% | 3.42% | 7.85% |
| Net Interest Margin % | 0.81% | 0.84% | 0.82% | 0.78% | 0.75% | 0.76% | 0.74% | 0.72% | 0.73% | 0.75% | 0.78% | 0.78% | 0.83% | 0.9% | 0.82% | 0.68% | 0.63% | 0.64% | 0.71% | 0.76% |
| Interest Income | 90.67M | 78.86M | 79.51M | 78.5M | 77.37M | 78.96M | 79.82M | 76.58M | 74.35M | 74.26M | 73.47M | 70.07M | 66.67M | 66.02M | 61.11M | 51.73M | 48.59M | 49.59M | 53.04M | 56.01M |
| Interest Expense | 21.46M | 20.5M | 22.14M | 23.52M | 23.68M | 25.2M | 26.86M | 25.47M | 22.82M | 20.39M | 17.85M | 14.25M | 6.82M | 2.91M | 1.82M | 1.68M | 1.65M | 1.68M | 1.66M | 1.75M |
| Loan Loss Provision | -1.03M | 0 | 1.77M | 956K | 51K | 1.18M | 2.44M | 1.27M | 1.39M | 1.42M | -878K | 1.91M | 1.82M | 1.41M | 1.95M | -1.2M | -3.58M | -5.04M | -3.15M | -13.99M |
| Non-Interest Income | 8.7M | 7.99M | 8.32M | 1.52M | 3.9M | 3.29M | 1.84M | 5.25M | -2.9M | -3.15M | 6.27M | 7.28M | 8.26M | 6.58M | 7.45M | 7.02M | 8.54M | 9.84M | 8.23M | 8.3M |
| Non-Interest Income % | 8.75% | 9.2% | 9.48% | 1.9% | 4.8% | 4% | 2.25% | 6.41% | -4.06% | -4.43% | 7.86% | 9.41% | 11.02% | 9.07% | 10.87% | 11.94% | 14.94% | 16.56% | 13.43% | 12.9% |
| Total Revenue | 99.37M | 86.85M | 87.83M | 80.02M | 81.27M | 82.25M | 81.65M | 81.83M | 71.45M | 71.11M | 79.74M | 77.35M | 74.92M | 72.61M | 68.56M | 58.75M | 57.13M | 59.43M | 61.27M | 64.31M |
| Revenue Growth % | 22.27% | 5.59% | 7.57% | -2.21% | 13.74% | 15.66% | 2.4% | 5.79% | -4.63% | -2.05% | 16.3% | 31.67% | 31.14% | 22.18% | 11.9% | -8.64% | -8.5% | -9.91% | 0.82% | 3.32% |
| Non-Interest Expense | 56.55M | 41.48M | 41.62M | 41.09M | 41.38M | 39.54M | 39.29M | 39.1M | 40.37M | 42.72M | 40.97M | 41.33M | 41.6M | 40.39M | 39.15M | 35.71M | 35.72M | 38.47M | 37.17M | 36.4M |
| Efficiency Ratio | 56.91% | 47.76% | 47.38% | 51.35% | 50.92% | 48.07% | 48.12% | 47.78% | 56.5% | 60.08% | 51.38% | 53.42% | 55.53% | 55.63% | 57.1% | 60.78% | 62.52% | 64.73% | 60.66% | 56.6% |
| Operating Income | 22.4M | 24.86M | 22.31M | 14.46M | 16.16M | 16.33M | 13.07M | 15.99M | 6.87M | 6.58M | 21.8M | 19.87M | 24.67M | 27.89M | 25.65M | 22.56M | 23.34M | 24.32M | 25.59M | 40.15M |
| Operating Margin % | 22.54% | 28.63% | 25.4% | 18.07% | 19.88% | 19.85% | 16% | 19.55% | 9.61% | 9.25% | 27.34% | 25.69% | 32.93% | 38.41% | 37.41% | 38.4% | 40.85% | 40.92% | 41.76% | 62.44% |
| Operating Income Growth % | 38.6% | 52.27% | 70.72% | -9.6% | 135.28% | 148.29% | -40.06% | -19.51% | -72.16% | -76.42% | -15.01% | -11.92% | 5.7% | 14.68% | 0.23% | -43.81% | -23.34% | -14.1% | 33.88% | 667.53% |
| Pretax Income | 22.4M | 25.68M | 22.31M | 14.46M | 16.16M | 16.33M | 13.07M | 15.99M | 6.87M | 6.58M | 21.8M | 19.87M | 24.67M | 27.89M | 25.65M | 22.56M | 23.34M | 24.32M | 25.59M | 40.15M |
| Pretax Margin % | 22.54% | 29.57% | 25.4% | 18.07% | 19.88% | 19.85% | 16% | 19.55% | 9.61% | 9.25% | 27.34% | 25.69% | 32.93% | 38.41% | 37.41% | 38.4% | 40.85% | 40.92% | 41.76% | 62.44% |
| Income Tax | 3.45M | 3.44M | 3.14M | 2.24M | 2.25M | 4.4M | 1.64M | 1.84M | 1.12M | 344K | 3.58M | 3.02M | 4.21M | 5.34M | 4.66M | 3.98M | 3.58M | 4.92M | 5M | 7.45M |
| Effective Tax Rate % | 15.4% | 13.4% | 14.06% | 15.52% | 13.91% | 26.96% | 12.57% | 11.48% | 16.31% | 5.23% | 16.42% | 15.22% | 17.08% | 19.17% | 18.16% | 17.63% | 15.35% | 20.24% | 19.53% | 18.56% |
| Net Income | 18.95M | 22.24M | 19.17M | 12.21M | 13.91M | 11.93M | 11.42M | 14.16M | 5.75M | 6.23M | 18.22M | 16.85M | 20.46M | 22.54M | 20.99M | 18.58M | 19.76M | 19.4M | 20.59M | 32.7M |
| Net Margin % | 19.07% | 25.6% | 21.82% | 15.27% | 17.12% | 14.5% | 13.99% | 17.3% | 8.04% | 8.76% | 22.85% | 21.78% | 27.3% | 31.05% | 30.61% | 31.63% | 34.58% | 32.64% | 33.61% | 50.85% |
| Net Income Growth % | 36.2% | 86.43% | 67.81% | -13.73% | 142.01% | 91.37% | -37.3% | -15.95% | -71.9% | -72.35% | -13.2% | -9.35% | 3.54% | 16.22% | 1.93% | -43.17% | -22.04% | -18.78% | 23.78% | 632.69% |
| Net Income (Continuing) | 18.95M | 22.24M | 19.17M | 12.21M | 13.91M | 11.93M | 11.42M | 14.16M | 5.75M | 6.23M | 18.22M | 16.85M | 20.46M | 22.54M | 20.99M | 18.58M | 19.76M | 19.4M | 20.59M | 32.7M |
| EPS (Diluted) | 0.48 | 0.65 | 0.56 | 0.35 | 0.40 | 0.35 | 0.33 | 0.41 | 0.16 | 0.18 | 0.51 | 0.48 | 0.58 | 0.64 | 0.59 | 0.52 | 0.56 | 0.55 | 0.58 | 0.90 |
| EPS Growth % | 20% | 85.71% | 69.7% | -14.63% | 150% | 94.44% | -35.29% | -14.58% | -72.41% | -71.88% | -13.56% | -7.69% | 3.57% | 16.36% | 1.72% | -42.22% | -20% | -16.67% | 26.09% | 629.41% |
| EPS (Basic) | 0.49 | 0.65 | 0.56 | 0.36 | 0.41 | 0.35 | 0.33 | 0.41 | 0.17 | 0.18 | 0.52 | 0.48 | 0.58 | 0.64 | 0.60 | 0.53 | 0.56 | 0.56 | 0.58 | 0.91 |
| Diluted Shares Outstanding | 39.1M | 34.41M | 34.41M | 34.51M | 34.51M | 34.55M | 34.66M | 34.92M | 35.23M | 35.09M | 35.12M | 35.13M | 35.45M | 35.48M | 35.47M | 35.41M | 35.41M | 35.44M | 35.93M | 36.34M |