HFWANasdaqSavings Institutions, Not Federally CharteredFiscal year ends December 31
HERITAGE FINANCIAL CORP /WA/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$27.46−0.09 (-0.33%)
Close on Oct 19, 2026
- Market cap
- $1.14B
- P/E (TTM)
- 13.1
- Dividend yield
- 3.50%
Heritage Financial statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Savings Institutions, Not Federally Chartered companies for comparison
Valuation
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Market Cap | $1.12B | $679.86M |
| Enterprise Value | $919.17M | $408.94M |
| PE Ratio | 13.08 | 11.99 |
| PS Ratio | 3.82 | 3.59 |
| PB Ratio | 1.01 | 1.18 |
| P/TBV Ratio | 1.43 | 1.41 |
| P/FCF Ratio | 13.97 | 10.89 |
| P/OCF Ratio | 12.47 | 10.01 |
Enterprise value
| Measure | Heritage Financial | Industry median |
|---|---|---|
| EV / Sales | 3.13 | 2.76 |
| EV / FCF | 11.43 | 8.23 |
Income (trailing twelve months)
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Revenue | $294.09M | $170.85M |
| Pretax Income | $91.11M | $70.12M |
| Net Income | $77.90M | $54.33M |
| EPS (Diluted) | $2.10 | $2.91 |
Margins
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Pretax Margin | 31.0% | 36.5% |
| Profit Margin | 26.5% | 29.1% |
| FCF Margin | 27.3% | 33.2% |
Returns
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Return on Equity (ROE) | 7.80% | 10.6% |
| Return on Assets (ROA) | 1.01% | 1.12% |
Growth
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 30.2% | 11.8% |
| Net Income Growth (YoY) | 57.4% | 23.2% |
| EPS Growth (YoY) | 46.9% | 23.1% |
| FCF Growth (YoY) | -1.97% | 28.5% |
| Revenue Growth (3Y CAGR) | -0.38% | 5.82% |
| Revenue Growth (5Y CAGR) | 0.66% | 6.17% |
| EPS Growth (3Y CAGR) | -5.33% | 1.31% |
| EPS Growth (5Y CAGR) | 8.73% | 8.24% |
Balance sheet
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $204.38M | $205.54M |
| Net Cash (Debt) | $204.38M | $164.40M |
| Net Cash Per Share | $5.00 | $8.13 |
| Equity (Book Value) | $1.11B | $563.88M |
| Book Value Per Share | $27.12 | $28.47 |
| Tangible Book Value | $783.39M | $475.36M |
Cash flow (trailing twelve months)
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Operating Cash Flow | $90.11M | $61.52M |
| Capital Expenditures | -$9.68M | -$4.08M |
| Free Cash Flow | $80.43M | $52.15M |
| FCF Per Share | $1.97 | $3.05 |
Efficiency
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Asset Turnover | 0.04 | 0.04 |
| Revenue Per Employee | $58.82M | $353.78K |
| Profits Per Employee | $15.58M | $107.28K |
| Employee Count | 5 | 489 |
Dividends and yields
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Earnings Yield | 6.93% | 8.13% |
| FCF Yield | 7.16% | 8.91% |
| Dividend Yield | 3.50% | 2.48% |
| Buyback Yield | 0.99% | 1.55% |
| Shareholder Yield | 4.49% | 3.13% |
| Dividend Per Share | $0.96 | $0.93 |
| Dividend Growth (YoY) | 4.35% | 4.26% |
| Years of Dividend Growth | 5 | 2 |
| Payout Ratio | 44.1% | 29.3% |
| FCF Payout Ratio | 42.7% | 26.0% |
Shares
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Shares Outstanding | 40,915,600 | 18,839,100 |
| Shares Change (YoY) | 8.13% | 0.40% |
| Shares Change (QoQ) | -0.83% | 0.00% |
| Float | 40,279,400 | 17,061,900 |
| Shares Held by Insiders | 1.55% | 5.89% |
| Shares Held by Institutions | 81.0% | 61.9% |
Taxes
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Income Tax | $13.21M | $14.50M |
| Effective Tax Rate | 14.5% | 21.1% |
Scores
| Measure | Heritage Financial | Industry median |
|---|---|---|
| Graham Number | $35.80 | $45.31 |
| Graham Upside | 30.4% | 21.9% |
| Altman Z-Score | 0.20 | 0.21 |
| Piotroski F-Score | 7 | 6 |
Calculated by StockData from Heritage Financial's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.