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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 occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. 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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Heritage Financial Corporation is a Washington-based bank holding company that provides commercial and consumer banking, mortgage lending and deposit services through Heritage Bank in the Pacific Northwest. Long-term growth may be supported by regional economic activity, organic loan and deposit expansion and potential improvement in net interest margins, and the company appears positioned to benefit from local relationship banking.
Key risks include interest-rate sensitivity, commercial lending and CRE credit exposure, regional concentration in the Pacific Northwest and competition from larger banks and nonbanks; investors should monitor asset quality, deposit stability.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 78.60M | 52.26M | 72.92M | 99.44M | 120.51M |
| Net income | 67.53M | 43.26M | 61.76M | 81.88M | 98.03M |
| Selling general administrative | 119.88M | 101.79M | 103.39M | 94.11M | 108.52M |
| Selling and marketing expenses | 1.25M | 0.99M | 1.93M | 1.64M | 3.04M |
| Gross profit | 243.35M | 210.56M | 239.54M | 248.98M | 240.40M |
| Reconciled depreciation | 2.13M | 3.23M | 5.60M | 2.75M | 3.11M |
| Ebit | 77.79M | 52.26M | 72.92M | 107.85M | 120.51M |
| Ebitda | 79.64M | 55.49M | 78.52M | 110.60M | 123.62M |
| Depreciation and amortization | 1.85M | 3.23M | 5.60M | 2.75M | 3.11M |
| Operating income | 77.79M | 52.26M | 72.92M | 107.85M | 120.51M |
| Other operating expenses | 258.18M | 264.93M | 230.21M | 1.64M | -119.90M |
| Interest expense | 89.83M | 100.35M | 59.31M | 8.07M | 7.04M |
| Tax provision | 11.07M | 9.00M | 11.16M | 17.56M | 22.47M |
| Interest income | 314.24M | 309.71M | 284.46M | 227.46M | 212.83M |
| Net interest income | 224.41M | 209.36M | 225.16M | 219.38M | 205.79M |
| Income tax expense | 11.07M | 9.00M | 11.16M | 17.56M | 22.47M |
| Total revenue | 335.97M | 317.19M | 303.13M | 248.98M | 240.40M |
| Total operating expenses | 165.57M | 158.30M | 166.62M | 1.64M | -119.90M |
| Cost of revenue | 92.61M | 106.63M | 63.59M | - | - |
| Total other income expense net | 0.81M | -256.46M | 72.92M | -8.41M | -7.04M |
| Net income from continuing ops | 67.53M | 43.26M | 61.76M | 81.88M | 98.03M |
| Net income applicable to common shares | - | - | - | 81.88M | 98.03M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 6967.35M | 7106.28M | 7174.96M | 6980.10M | 7432.41M |
| Intangible assets | 1.98M | 3.15M | 4.79M | 7.23M | 9.98M |
| Other current assets | - | - | 244.49M | 18.55M | 3192.11M |
| Total liab | 6045.85M | 6242.75M | 6321.70M | 6182.21M | 21.18M |
| Total stockholder equity | 921.50M | 863.53M | 853.26M | 797.89M | 854.43M |
| Other current liab | 4559.81M | 5684.61M | 3913.78M | 5924.84M | 6381.34M |
| Common stock | 531.10M | 531.67M | 549.75M | 552.40M | 551.80M |
| Capital stock | 531.10M | 531.67M | 549.75M | 552.40M | 551.80M |
| Retained earnings | 421.62M | 387.10M | 375.99M | 345.35M | 293.24M |
| Other liab | - | - | - | 2.15M | -25.54M |
| Good will | 240.94M | 240.94M | 240.94M | 240.94M | 240.94M |
| Other assets | 1239.67M | 1198.25M | - | 3103.59M | 3192.11M |
| Cash | 52.59M | 117.10M | 224.97M | 103.59M | 1723.29M |
| Total current liabilities | 4579.81M | 5684.61M | 4418.94M | 5924.84M | 6556.80M |
| Net debt | -10.24M | 287.96M | 296.79M | -82.12M | -1702.11M |
| Short term debt | 20.00M | - | 505.16M | - | - |
| Short long term debt total | 42.35M | 405.06M | 521.76M | 21.47M | 21.18M |
| Other stockholder equity | - | - | - | -99.85M | 9.40M |
| Property plant equipment | - | - | - | 76.93M | 79.37M |
| Total current assets | 5410.07M | 900.98M | 244.49M | 1453.58M | 2632.28M |
| Long term investments | 1281.63M | 1467.68M | 1873.80M | 2097.84M | 1277.73M |
| Net tangible assets | - | - | - | 549.73M | 603.52M |
| Short term investments | 607.52M | 764.39M | 1134.35M | 1331.44M | 894.34M |
| Net receivables | 4749.96M | 19.48M | 19.52M | 18.55M | 14.66M |
| Long term debt | 42.35M | 405.06M | 21.77M | 21.47M | 21.18M |
| Inventory | - | - | -4251.30M | - | - |
| Accounts payable | - | - | - | 5907.42M | 6381.34M |
| Accumulated other comprehensive income | -31.21M | -55.24M | -72.48M | -99.85M | 9.40M |
| Common stock total equity | - | - | - | 552.40M | 551.80M |
| Retained earnings total equity | - | - | - | 345.35M | 293.24M |
| Non currrent assets other | - | 436.69M | 439.43M | -2422.93M | -1608.01M |
| Non current assets total | 317.61M | 6205.30M | 6930.47M | 2422.93M | 1608.01M |
| Long term debt total | - | - | - | 21.47M | 21.18M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 207.31M | -85.90M | -93.45M | -1207.86M | 156.68M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | 186.75M | -85.90M | -93.45M | -1207.78M | 163.76M |
| Net borrowings | -363.00M | -117.00M | 500.00M | -4.24M | 15.16M |
| Total cash from financing activities | -165.58M | -86.45M | 105.31M | -506.38M | 746.68M |
| Net income | 67.53M | 43.26M | 61.76M | 81.88M | 98.03M |
| Change in cash | 115.99M | -107.87M | 121.38M | -1619.70M | 979.97M |
| Begin period cash flow | 117.10M | 224.97M | 103.59M | 1723.29M | 743.32M |
| End period cash flow | 233.09M | 117.10M | 224.97M | 103.59M | 1723.29M |
| Total cash from operating activities | 94.82M | 64.48M | 109.52M | 94.46M | 69.53M |
| Depreciation | 2.13M | 3.23M | 5.60M | 3.09M | -18.63M |
| Other cashflows from investing activities | -11.40M | -488.67M | -315.47M | 4.09M | 10.10M |
| Dividends paid | 32.65M | 31.78M | 30.82M | -29.49M | -28.94M |
| Sale purchase of stock | -5.52M | -22.42M | -6.97M | -3.20M | -22.89M |
| Other cashflows from financing activities | 235.59M | 84.74M | -356.90M | -425.64M | 798.50M |
| Change to netincome | - | - | - | 9.96M | -24.80M |
| Capital expenditures | 9.16M | 3.46M | 10.38M | 4.02M | 3.02M |
| Cash flows other operating | - | - | - | -0.47M | 14.92M |
| Cash and cash equivalents changes | - | - | - | -1619.70M | 979.97M |
| Change in working capital | 5.17M | 4.36M | 24.87M | - | -13.54M |
| Stock based compensation | 4.94M | 4.34M | 4.33M | 3.79M | 3.67M |
| Other non cash items | 38.15M | 24.58M | 51.04M | 5.70M | -13.54M |
| Free cash flow | 85.66M | 61.02M | 99.15M | 90.44M | 66.51M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| HFWA Heritage Financial Corporation |
- -% |
28.77 | 13.58 | 12.33 | 3.95 | 1.05 | 4.61 |
| DBSDY DBS Group Holdings Ltd ADR |
-2.95 1.31% |
221.60 | 20.00 | 17.57 | 7.54 | 3.17 | 13.19 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.66 | 7.70 | 7.10 | 0.55 | 0.83 | 3.51 |
| CIHKY China Merchants Bank Co Ltd |
-0.72 2.15% |
33.05 | 7.79 | 7.20 | 0.55 | 0.85 | 3.51 |
| UNCFF UniCredit SpA |
1.29 1.58% |
82.76 | 11.53 | 10.27 | 5.72 | 1.83 | 8.22 |
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 occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. 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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Brian L. Vance | Chairman | 1954 |
| Mr. Jeffrey J. Deuel | Pres, CEO & Director | 1959 |
| Mr. Donald J. Hinson CPA | Exec. VP & CFO | 1961 |
| Mr. Bryan D. McDonald | Exec. VP | 1972 |
| Ms. Cindy M. Huntley | Exec. VP & Chief Banking Officer of Heritage Bank | 1964 |
| Mr. Anthony Chalfant | Exec. VP & Chief Credit Officer | 1962 |
| Mr. William K. Glasby | Exec. VP & CTO | NA |
| Ms. Sabrina C. Robison | Sr. VP & Chief HR Officer | NA |
| Ms. Kaylene M. Lahn | Sr. VP & Corp. Sec. | 1972 |
| Mr. Brian L. Vance | Independent Chairman | 1954 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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Consumer Cyclical
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Financial Services
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