Heritage Financial Balance Sheet Health
Financial Health criteria checks 6/6
Heritage Financial has total assets of $7.2B and total equity of $874.5M. Total deposits are $5.7B, and total loans are $4.6B. It earns a Net Interest Margin of 3.6%. It has sufficient allowance for bad loans, which are currently at 0.2% of total loans. Cash and short-term investments are $192.9M.
Key information
8.2x
Asset to equity ratio
3.6%
Net interest margin
| Total deposits | US$5.71b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.2% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$192.94m |
Recent financial health updates
No updates
Recent updates
Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Oct 27
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.23
Jan 28Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.22
Apr 25Heritage Financial's (NASDAQ:HFWA) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 31Heritage Financial declares $0.21 dividend
Oct 20Heritage Financial's (NASDAQ:HFWA) Dividend Will Be $0.21
Jul 24Heritage Financial declares $0.21 dividend
Jul 21Heritage Financial (NASDAQ:HFWA) Has Affirmed Its Dividend Of US$0.21
Apr 25Heritage Financial (NASDAQ:HFWA) Will Pay A Dividend Of US$0.21
Feb 01Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: HFWA's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: HFWA has a sufficient allowance for bad loans (533%).
Low Risk Liabilities: 91% of HFWA's liabilities are made up of primarily low risk sources of funding.
Loan Level: HFWA has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: HFWA's Loans to Deposits ratio (81%) is appropriate.
Level of Bad Loans: HFWA has an appropriate level of bad loans (0.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 07:28 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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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.
| Analyst | Institution |
|---|---|
| Jeffrey Rulis | D.A. Davidson & Co. |
| Timothy Coffey | Janney Montgomery Scott LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |