Heritage Financial Past Earnings Performance

Past criteria checks 2/6

Heritage Financial has been growing earnings at an average annual rate of 8.1%, while the Banks industry saw earnings growing at 10.2% annually. Revenues have been growing at an average rate of 4.1% per year. Heritage Financial's return on equity is 7.2%, and it has net margins of 25.8%.

Key information

8.1%

Earnings growth rate

9.0%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	4.1%
Return on equity	7.2%
Net Margin	25.8%
Next Earnings Update	25 Apr 2024

Recent past performance updates

Recent updates

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

Jan 28

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

Apr 25

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

Jan 31

Is Heritage Financial Corporation (NASDAQ:HFWA) A Smart Pick For Income Investors?

Apr 17

This Insider Has Just Sold Shares In Heritage Financial Corporation (NASDAQ:HFWA)

Mar 20

Have Insiders Been Buying Heritage Financial Corporation (NASDAQ:HFWA) Shares This Year?

Mar 02

Income Investors Should Know That Heritage Financial Corporation (NASDAQ:HFWA) Goes Ex-Dividend Soon

Feb 04

What Is The Ownership Structure Like For Heritage Financial Corporation (NASDAQ:HFWA)?

Feb 02

Revenue & Expenses Breakdown
Beta

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)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	240	62	143
30 Sep 23	259	78	141
30 Jun 23	261	81	140
31 Mar 23	257	83	136
31 Dec 22	249	82	130
30 Sep 22	244	79	129
30 Jun 22	242	78	126
31 Mar 22	261	92	127
31 Dec 21	270	98	129
30 Sep 21	271	103	128
30 Jun 21	264	99	127
31 Mar 21	217	60	129
31 Dec 20	202	47	129
30 Sep 20	192	40	128
30 Jun 20	195	41	129
31 Mar 20	221	63	128
31 Dec 19	228	68	127
30 Sep 19	230	67	126
30 Jun 19	230	64	126
31 Mar 19	223	60	124
31 Dec 18	213	53	129
30 Sep 18	200	46	112
30 Jun 18	184	41	105
31 Mar 18	178	41	99
31 Dec 17	171	41	96
30 Sep 17	166	41	94
30 Jun 17	165	42	94
31 Mar 17	160	39	92
31 Dec 16	159	39	91
30 Sep 16	157	38	90
30 Jun 16	154	37	90
31 Mar 16	154	36	90
31 Dec 15	154	37	88
30 Sep 15	153	35	87
30 Jun 15	152	33	87
31 Mar 15	147	28	83
31 Dec 14	127	21	75
30 Sep 14	109	14	66
30 Jun 14	90	11	55
31 Mar 14	74	9	49
31 Dec 13	73	9	47
30 Sep 13	70	12	44
30 Jun 13	68	11	43

Quality Earnings: HFWA has high quality earnings.

Growing Profit Margin: HFWA's current net profit margins (25.8%) are lower than last year (32.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HFWA's earnings have grown by 8.1% 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 (-24.6%) over the past year, making it difficult to compare to the Banks industry average (-9.7%).

Return on Equity

High ROE: HFWA's Return on Equity (7.2%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Heritage Financial Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Heritage Financial Corporation to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings released: EPS: US$1.76 (vs US$2.33 in FY 2022)

Heritage Financial Corporation to Report Q4, 2023 Results on Jan 25, 2024

Third quarter 2023 earnings: EPS exceeds analyst expectations

Heritage Financial Corporation to Report Q3, 2023 Results on Oct 19, 2023

Recent updates

Heritage Financial Corporation to Report Q1, 2024 Results on Apr 25, 2024

Heritage Financial Corporation, Annual General Meeting, May 06, 2024

Heritage Financial Corporation, Annual General Meeting, May 06, 2024

President exercised options to buy US$146k worth of stock.

Full year 2023 earnings: EPS and revenues miss analyst expectations

Heritage Financial Corporation and Heritage Bank Announces Resignation of Eric K. Chan as Boards of Director

Upcoming dividend of US$0.23 per share at 4.5% yield

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

Fourth quarter dividend increased to US$0.23

Full year 2023 earnings released: EPS: US$1.76 (vs US$2.33 in FY 2022)

Heritage Financial Corporation Declares Quarterly Cash Dividend, Payable on February 22, 2024

Price target increased by 8.7% to US$22.60

Heritage Financial Corporation to Report Q4, 2023 Results on Jan 25, 2024

Upcoming dividend of US$0.22 per share at 5.3% yield

Heritage Financial Corporation Declares Regular Cash Dividend, Payable on November 15, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Heritage Financial Corporation to Report Q3, 2023 Results on Oct 19, 2023

Lead Independent Director recently bought US$84k worth of stock

Upcoming dividend of US$0.22 per share at 4.8% yield

Heritage Financial Corporation Declares Quarterly Cash Dividend, Payable on August 16, 2023

Price target decreased by 7.1% to US$21.00

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Heritage Financial Corporation to Report Q2, 2023 Results on Jul 20, 2023

Lead Independent Director recently bought US$79k worth of stock

Consensus EPS estimates fall by 12%

Price target decreased by 12% to US$25.00

Upcoming dividend of US$0.22 per share at 5.0% yield

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

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 12% to US$29.80

Price target decreased by 7.4% to US$32.40

President exercised options to buy US$256k worth of stock.

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

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

Upcoming dividend of US$0.22 per share at 3.1% yield

Heritage Financial Corporation Declares Dividend for the Fourth Quarter Ended December 31, 2022, Payable on February 22, 2023

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Heritage Financial Corporation to Report Q4, 2022 Results on Jan 26, 2023

Heritage Financial Corporation Appoints Eric K. Chan to Its Board of Directors, Effective January 1, 2023

Price target increased to US$35.40

Executive VP & Chief Credit Officer recently sold US$98k worth of stock

Price target increased to US$34.40

Upcoming dividend of US$0.21 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Heritage Financial Corporation Declares Regular Cash Dividend, Payable on November 16, 2022

Price target increased to US$32.80

Heritage Financial declares $0.21 dividend

Heritage Financial Corporation to Report Q3, 2022 Results on Oct 20, 2022

Upcoming dividend of US$0.21 per share

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

Second quarter 2022 earnings: EPS exceeds analyst expectations

Heritage Financial Corporation Declares Quarterly Cash Dividend, Payable on August 17, 2022

Heritage Financial declares $0.21 dividend

Heritage Financial Corporation to Report Q2, 2022 Results on Jul 21, 2022

Chairman of the Board recently sold US$141k worth of stock

Consensus EPS estimates increase by 21%

Upcoming dividend of US$0.21 per share

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

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Heritage Financial Corporation Declares Quarterly Cash Dividend, Payable on May 18, 2022

Heritage Financial Corporation to Report Q1, 2022 Results on Apr 21, 2022

President exercised options to buy US$136k worth of stock.

Full year 2021 earnings: EPS exceeds analyst expectations

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

Upcoming dividend of US$0.21 per share

Full year 2021 earnings: EPS exceeds analyst expectations

Heritage Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Upcoming dividend of US$0.21 per share

Revenue & Expenses Breakdown
Beta