Heritage Financial Management
Management criteria checks 4/4
Heritage Financial's CEO is Jeff Deuel, appointed in Jul 2019, has a tenure of 5.5 years. total yearly compensation is $1.61M, comprised of 42.6% salary and 57.4% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $1.62M. The average tenure of the management team and the board of directors is 6.8 years and 12 years respectively.
Key information
Jeff Deuel
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 42.6% |
| CEO tenure | 5.5yrs |
| CEO ownership | 0.2% |
| Management average tenure | 6.8yrs |
| Board average tenure | 12yrs |
Recent management 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 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$38m |
| Jun 30 2024 | n/a | n/a | US$44m |
| Mar 31 2024 | n/a | n/a | US$47m |
| Dec 31 2023 | US$2m | US$686k | US$62m |
| Sep 30 2023 | n/a | n/a | US$78m |
| Jun 30 2023 | n/a | n/a | US$81m |
| Mar 31 2023 | n/a | n/a | US$83m |
| Dec 31 2022 | US$2m | US$646k | US$82m |
| Sep 30 2022 | n/a | n/a | US$79m |
| Jun 30 2022 | n/a | n/a | US$78m |
| Mar 31 2022 | n/a | n/a | US$92m |
| Dec 31 2021 | US$1m | US$575k | US$98m |
| Sep 30 2021 | n/a | n/a | US$103m |
| Jun 30 2021 | n/a | n/a | US$99m |
| Mar 31 2021 | n/a | n/a | US$60m |
| Dec 31 2020 | US$1m | US$575k | US$47m |
| Sep 30 2020 | n/a | n/a | US$40m |
| Jun 30 2020 | n/a | n/a | US$41m |
| Mar 31 2020 | n/a | n/a | US$63m |
| Dec 31 2019 | US$1m | US$522k | US$68m |
| Sep 30 2019 | n/a | n/a | US$67m |
| Jun 30 2019 | n/a | n/a | US$64m |
| Mar 31 2019 | n/a | n/a | US$60m |
| Dec 31 2018 | US$876k | US$429k | US$53m |
Compensation vs Market: Jeff's total compensation ($USD1.61M) is below average for companies of similar size in the US market ($USD3.22M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
CEO
Jeff Deuel (65 yo)
5.5yrs
Tenure
US$1,609,640
Compensation
Mr. Jeffrey J. Deuel, also known as Jeff, is Director of Heritage Bank from July 1, 2024. Mr. Deuel was CEO & Director of Heritage Bank from 2022. Mr. Deuel was Chief Executive Officer of Heritage Bank unt...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 22.8yrs | US$163.00k | 0.36% $ 2.9m | |
| CEO & Director | 5.5yrs | US$1.61m | 0.20% $ 1.6m | |
| President | less than a year | US$948.82k | 0.11% $ 868.9k | |
| Executive VP & CFO | 17.3yrs | US$786.30k | 0.12% $ 992.5k | |
| Executive VP & Chief Credit Officer | 4.5yrs | US$697.21k | 0.059% $ 478.5k | |
| Executive VP & Chief Lending Officer of Heritage Bank | 2yrs | US$604.91k | 0.049% $ 397.9k | |
| Executive VP & CTO | 8yrs | no data | 0.016% $ 133.9k | |
| Senior VP & Chief Human Resources Officer | 23yrs | no data | 0.080% $ 648.0k | |
| Executive Vice President | less than a year | no data | no data | |
| Senior VP & Corporate Secretary | 16.3yrs | no data | no data |
6.8yrs
Average Tenure
57yo
Average Age
Experienced Management: HFWA's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 22.8yrs | US$163.00k | 0.36% $ 2.9m | |
| CEO & Director | 5.5yrs | US$1.61m | 0.20% $ 1.6m | |
| Lead Independent Director | 25yrs | US$129.26k | 0.16% $ 1.3m | |
| Independent Director | 24yrs | US$101.75k | 0.13% $ 1.1m | |
| Independent Director | 19yrs | US$109.25k | 0.088% $ 710.8k | |
| Independent Director | 12.3yrs | US$101.75k | 0.061% $ 498.8k | |
| Independent Director | 12yrs | US$101.75k | 0.062% $ 501.0k | |
| Independent Director | 3yrs | US$96.75k | 0.014% $ 114.8k | |
| Independent Director | 4.1yrs | US$96.75k | 0.023% $ 186.6k | |
| Independent Director | 3yrs | US$96.75k | 0.014% $ 114.8k | |
| Independent Director | no data | no data | no data |
12.0yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HFWA's board of directors are seasoned and experienced ( 12 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 01:04 |
| End of Day Share Price | 2025/01/10 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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 |