Heritage Financial Corp

Chart & Performance

D1W1MN

P/E

20.29

P/S

2.83

EPS

1.27

Div Yield, %

2.68%

Shrs. gr., 5y

-1.15%

Rev. gr., 5y

5.94%

Revenues

310m

+29.30%

Net income

43m

-29.95%

CFO

64m

-41.12%

Dividend

Aug 07, 20240.23 USD/sh

Earnings

Jul 23, 2025

Profile

Heritage 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.

URL

https://www.hf-wa.com/

IPO date

Jan 09, 1998

Employees

811

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	309,712 29.30%	239,538 -3.79%	248,976 3.57%
Cost of revenue	988	105,325	95,750
Unusual Expense (Income)
NOPBT	308,724	134,213	153,226
NOPBT Margin	99.68%	56.03%	61.54%
Operating Taxes	9,001	11,160	17,561
Tax Rate	2.92%	8.32%	11.46%
NOPAT	299,723	123,053	135,665
Net income	43,258 -29.95%	61,755 -24.57%	81,875 -16.48%
Dividends	(31,776)	(30,820)	(29,491)
Dividend yield	3.72%	4.09%	2.71%
Proceeds from repurchase of equity	(22,418)	(6,974)	(3,196)
BB yield	2.62%	0.92%	0.29%
Debt
Debt current			51,341
Long-term debt	405,058	42,144	41,098
Deferred revenue
Other long-term liabilities		6,157,389	(21,473)
Net debt	(418,157)	(3,021,855)	(3,440,433)
Cash flow
Cash from operating activities	64,483	109,523	94,456
CAPEX		(10,376)	(4,016)
Cash from investing activities	(85,903)	(93,446)	(1,207,779)
Cash from financing activities	(86,453)	105,306	(506,379)
FCF	(4,466,096)	(3,685,488)	1,183,153
Balance
Cash	823,215	1,190,204	1,435,033
Long term investments		1,873,795	2,097,839
Excess cash	807,729	3,052,022	3,520,423
Stockholders' equity	863,527	853,261	797,893
Invested Capital	6,298,549	6,321,696	918,055
ROIC	4.75%	3.40%	12.93%
ROCE	4.34%	1.87%	8.93%
EV
Common stock shares outstanding	34,899	35,258	35,464
Price	24.50 14.54%	21.39 -30.19%	30.64 25.37%
Market cap	855,026 13.37%	754,173 -30.59%	1,086,614 23.59%
EV	436,869	(2,267,682)	(2,353,819)
EBITDA	308,724	139,817	156,317
EV/EBITDA	1.42
Interest	100,348	59,310	8,072
Interest/NOPBT	32.50%	44.19%	5.27%