Heritage Financial Corporation

NasdaqGS:HFWA Stock Report

Market Cap: US$834.4m

Heritage Financial Past Earnings Performance

Past criteria checks 1/6

Heritage Financial's earnings have been declining at an average annual rate of -0.8%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 1.4% per year. Heritage Financial's return on equity is 4.3%, and it has net margins of 18.4%.

Key information

-0.8%

Earnings growth rate

0.2%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate1.4%
Return on equity4.3%
Net Margin18.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Oct 27
Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.23

Jan 28
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.23

Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.22

Apr 25
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.22

Heritage Financial's (NASDAQ:HFWA) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 31
Heritage Financial's (NASDAQ:HFWA) Shareholders Will Receive A Bigger Dividend Than Last Year

Heritage Financial declares $0.21 dividend

Oct 20

Heritage Financial's (NASDAQ:HFWA) Dividend Will Be $0.21

Jul 24
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be $0.21

Heritage Financial declares $0.21 dividend

Jul 21

Heritage Financial (NASDAQ:HFWA) Has Affirmed Its Dividend Of US$0.21

Apr 25
Heritage Financial (NASDAQ:HFWA) Has Affirmed Its Dividend Of US$0.21

Heritage Financial (NASDAQ:HFWA) Will Pay A Dividend Of US$0.21

Feb 01
Heritage Financial (NASDAQ:HFWA) Will Pay A Dividend Of US$0.21

Revenue & Expenses Breakdown

How Heritage Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:HFWA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24204381400
30 Jun 24214441410
31 Mar 24221471420
31 Dec 23240621430
30 Sep 23259781400
30 Jun 23261811400
31 Mar 23257831360
31 Dec 22249821300
30 Sep 22244791290
30 Jun 22242781260
31 Mar 22261921270
31 Dec 21270981290
30 Sep 212711031280
30 Jun 21264991270
31 Mar 21217601290
31 Dec 20202471290
30 Sep 20192401280
30 Jun 20195411290
31 Mar 20221631280
31 Dec 19228681270
30 Sep 19230671260
30 Jun 19230641260
31 Mar 19223601240
31 Dec 18213531290
30 Sep 18200461120
30 Jun 18184411050
31 Mar 1817841990
31 Dec 1717141960
30 Sep 1716641940
30 Jun 1716542940
31 Mar 1716039920
31 Dec 1615939910
30 Sep 1615738900
30 Jun 1615437900
31 Mar 1615436900
31 Dec 1515437880
30 Sep 1515335870
30 Jun 1515233870
31 Mar 1514728830
31 Dec 1412721750
30 Sep 1410914660
30 Jun 149011550
31 Mar 14749490
31 Dec 13739470

Quality Earnings: HFWA has high quality earnings.

Growing Profit Margin: HFWA's current net profit margins (18.4%) are lower than last year (30.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HFWA's earnings have declined by 0.8% per year over the past 5 years.

Accelerating Growth: HFWA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HFWA had negative earnings growth (-51.9%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: HFWA's Return on Equity (4.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 20:42
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Heritage Financial Corporation is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey RulisD.A. Davidson & Co.
Timothy CoffeyJanney Montgomery Scott LLC
Christopher McGrattyKeefe, Bruyette, & Woods