Heritage Financial Corporation (HFWA)
| Market Cap | 1.14B |
| Revenue (ttm) | 265.58M |
| Net Income (ttm) | 72.57M |
| Shares Out | 41.25M |
| EPS (ttm) | 2.04 |
| PE Ratio | 13.55 |
| Forward PE | 11.30 |
| Dividend | $0.96 (3.48%) |
| Ex-Dividend Date | May 6, 2026 |
| Volume | 380,665 |
| Open | 27.47 |
| Previous Close | 27.34 |
| Day's Range | 26.60 - 27.85 |
| 52-Week Range | 21.32 - 28.98 |
| Beta | 0.48 |
| Analysts | Buy |
| Price Target | 30.50 (+10.55%) |
| Earnings Date | Apr 23, 2026 |
About HFWA
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It 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. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner o... [Read more]
Financial Performance
In 2025, Heritage Financial's revenue was $244.17 million, an increase of 15.96% compared to the previous year's $210.56 million. Earnings were $67.53 million, an increase of 56.11%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for HFWA stock is "Buy." The 12-month stock price target is $30.5, which is an increase of 10.55% from the latest price.
News
Heritage Financial Earnings Call Transcript: Q1 2026
Olympic Bancorp merger drove significant loan and deposit growth, with net interest margin and credit quality improving quarter-over-quarter. Expenses remain elevated due to merger costs but are expected to normalize post-systems conversion, while capital and deposit costs remain stable.
Heritage Financial Announces First Quarter 2026 Results and Declares Regular Cash Dividend of $0.24 Per Share
First Quarter 2026 Highlights Net income was $18.9 million, or $0.48 per diluted share, compared to $22.2 million, or $0.65 per diluted share for the fourth quarter of 2025. Excluding merger-related c...
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash., March 25, 2026 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its first quarter earnings release on Thursday, April 23,...
Massachusetts-Based Heritage Financial Joins Savant Wealth Management
ROCKFORD, Ill.--(BUSINESS WIRE)--Savant Wealth Management, a fee-only registered investment adviser (RIA), announced it has partnered with Heritage Financial, a Massachusetts-based wealth management f...
Heritage Financial Corporation Announces Completion of Acquisition of Olympic Bancorp, Inc.
OLYMPIA, Wash., Feb. 2, 2026 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced that effective January 31, 2026, it completed its previously announced merger (the "Me...
Heritage Financial Earnings Call Transcript: Q4 2025
Adjusted EPS and ROA saw strong year-over-year gains, with net interest margin and deposit growth driving improved results. The Olympic Bancorp merger is set to close soon, expected to enhance profitability and efficiency, while credit quality remains robust.
Heritage Financial Announces Fourth Quarter and Annual 2025 Results
Fourth Quarter 2025 Highlights Net income was $22.2 million, or $0.65 per diluted share, compared to $19.2 million, or $0.55 per diluted share, for the third quarter of 2025. Return on average assets ...
Heritage Financial Corporation Declares Quarterly Dividend
OLYMPIA, Wash., Jan. 16, 2026 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced today that the Board of Directors declared a quarterly cash dividend.
Heritage Financial Corporation Receives Regulatory Approval to Acquire Olympic Bancorp, Inc.
OLYMPIA, Wash., Dec. 29, 2025 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced today that it has received all regulatory approvals required to complete the previous...
Heritage Financial Corporation Appoints Scott T. Allan to its Board of Directors
OLYMPIA, Wash. , Dec. 19, 2025 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) is pleased to announce the appointment of Scott T.
Heritage Financial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Heritage Financial Corporation - HFWA
NEW YORK CITY and NEW ORLEANS , Dec. 3, 2025 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
Heritage Financial Earnings Call Transcript: Q3 2025
Adjusted EPS and ROA saw strong year-over-year gains, with NIM and net interest income rising on higher loan yields and deposit growth. Credit quality remains robust, and the Olympic Bank Corp merger is on track for early Q1 close, supporting future growth.
Heritage Financial Announces Third Quarter 2025 Results and Declares Regular Cash Dividend of $0.24 Per Share
Third Quarter 2025 Highlights Net income was $19.2 million, or $0.55 per diluted share, compared to $12.2 million, or $0.36 per diluted share, for the second quarter of 2025. Deposits increased $73.1 ...
HERITAGE FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Heritage Financial Corporation - HFWA
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Olympic Bancorp,...
Heritage Financial Transcript: M&A Announcement
The acquisition of Olympic Bancorp (Kitsap Bank) is an all-stock deal valued at $176.6 million, expanding the acquirer's footprint in western Puget Sound and targeting 35% cost savings. Integration is expected by Q1 2026, with full synergy realization in 2027 and a focus on leveraging Kitsap's liquidity for growth.
Heritage Financial Corporation to Acquire Olympic Bancorp, Inc.
Strategic Expansion for Heritage Bank in the Puget Sound Region OLYMPIA, Wash. and PORT ORCHARD, Wash.
Heritage Financial Earnings Call Transcript: Q2 2025
Adjusted EPS rose 8.2% sequentially and 17.8% year-over-year, driven by higher net interest margin and disciplined expense control. Credit quality remains strong despite some normalization, and capital ratios support continued share repurchases and growth initiatives.
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2025 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE
Second Quarter 2025 Highlights Net income was $12.2 million, or $0.36 per diluted share, compared to $13.9 million, or $0.40 per diluted share, for the first quarter of 2025. Results included a pre-ta...
Heritage Financial Names Bryan D. McDonald President and CEO and Appoints Him to the Board of Directors
OLYMPIA, Wash. , May 6, 2025 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) ("Company"), parent company of Heritage Bank ("Bank"), announced today that Bryan D.
Heritage Financial Earnings Call Transcript: Q1 2025
Strong Q1 deposit growth and margin expansion were achieved, with robust credit quality and a solid capital position. Loan growth is projected at 5–8% annualized for Q2, though management remains cautious amid economic uncertainty and is closely monitoring risk factors.
HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2025 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE
First Quarter 2025 Highlights Net income was $13.9 million, or $0.40 per diluted share, compared to $11.9 million, or $0.34 per diluted share, for the fourth quarter of 2024. Results included a pre-t...
Heritage Bank Expands Into the Spokane, Washington, Market
OLYMPIA, Wash. , Jan. 27, 2025 /PRNewswire/ -- Heritage Bank ("Heritage" or "bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce its expansion in...
Heritage Financial Earnings Call Transcript: Q4 2024
Strong Q4 results featured robust loan growth, margin expansion, and disciplined expense control. Credit quality remained stable, capital ratios were strong, and management expects continued margin improvement and moderate expense growth in 2025.
HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE
Fourth Quarter 2024 Highlights Net income was $11.9 million, or $0.34 per diluted share, compared to $11.4 million, or $0.33 per diluted share, for the third quarter of 2024. Results included a pre-ta...
Heritage Financial Corporation Appoints Karen R. Saunders to its Board of Directors
OLYMPIA, Wash. , Dec. 19, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) is pleased to announce the appointment of Karen R.