For Q1 FY2026 ended March 31, 2026, Heritage Financial Corp reported net income of $18.9 million, a 36.2% increase year-over-year. Diluted EPS was $0.48, up 20.0% from the prior year. Cash and cash equivalents totaled $268.1 million, and total equity was $1.12 billion.
•Net income of $18.9M, up 36.2% YoY
•Diluted EPS of $0.48, up 20.0% YoY
•Cash and cash equivalents of $268.1M
•Total equity of $1.12B
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Heritage Financial is 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 commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans. Its portfolio also includes real estate construction and land development loans
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. Additionally, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. and changed its name to Heritage Financial Corporation in 1998. The company was formerly known as Heritage Financial Corporation, M.H.C. Founded in 1927, Heritage Financial is headquartered in Olympia, Washington.
What does Heritage Financial Corporation (HFWA) do?
Heritage Financial Corporation is the bank holding company for Heritage Bank, offering a wide range of financial services to small and medium-sized businesses and their owners in the United States. The company accepts various deposit products, including noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. On the lending side, it provides commercial business loans such as lines of credit, term equipment financing, and owner-occupied and non-owner occupied commercial real estate (CRE) loans. Its loan portfolio also includes real estate construction and land development loans, residential construction loans, commercial and multifamily construction loans, residential real estate loans, and loans guaranteed by the U.S. Small Business Administration (SBA). Additionally, Heritage Financial offers secured and unsecured consumer loans and lines of credit, along with services like investment advice, online banking, mobile banking with mobile deposit, and Visa debit cards.
Where is Heritage Financial Corporation (HFWA) listed and in which currency?
Heritage Financial Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol HFWA. The company's financial reporting and stock trading are conducted in U.S. Dollars (USD). As a U.S.-based financial institution, its shares are traded in the primary currency of the United States, making it accessible to investors on major U.S. stock exchanges. The listing on NasdaqGS provides liquidity and visibility among institutional and retail investors.
What sector and industry does Heritage Financial Corporation (HFWA) operate in?
Heritage Financial Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing banking and financial services to local communities, primarily in the state of Washington. Regional banks like Heritage Financial typically serve small to medium-sized businesses and individuals, offering a mix of deposit and loan products tailored to regional economic conditions. This classification distinguishes it from large multinational banks or specialized financial institutions.
Where is Heritage Financial Corporation (HFWA) headquartered and what markets does it serve?
Heritage Financial Corporation is headquartered in Olympia, Washington, United States. The company serves customers primarily in the state of Washington, focusing on small and medium-sized businesses and their owners. Through its subsidiary, Heritage Bank, it provides financial services across various communities in the region. The bank's history dates back to 1927, and it has built a strong local presence by understanding the needs of its regional market. While its operations are concentrated in the U.S., it does not have international branches, and its services are tailored to the economic landscape of the Pacific Northwest.
How does Heritage Financial Corporation (HFWA) make money?
Heritage Financial Corporation generates revenue primarily through net interest income, which is the difference between interest earned on loans and interest paid on deposits. The company's loan portfolio includes commercial business loans, commercial real estate loans, construction loans, residential real estate loans, SBA-guaranteed loans, and consumer loans. It also earns non-interest income from fees and service charges on deposit accounts, online banking services, investment advice, and other financial products. By offering a diverse range of deposit products—such as checking, savings, money market accounts, and certificates of deposit—the company attracts low-cost funding to support its lending activities. Additionally, it may generate income from loan origination fees and gains on loan sales. The bank's focus on small to medium-sized businesses in Washington allows it to maintain strong relationships and cross-sell services, contributing to its revenue stream.