Heritage Financial Corporation (HFWA)

Nasdaq: HFWA · Savings Institutions, Not Federally Chartered · Olympia, WA · filing with the SEC since 1997

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 27, 2025	Feb 27, 2024	Feb 24, 2023	Feb 25, 2022	Feb 26, 2021	Feb 28, 2020	Mar 1, 2019	Feb 28, 2018	Mar 9, 2017
For lenders
Interest and dividend income	314,236	309,712	284,465	227,457	212,831	214,320	217,850	199,406^r	147,709^r	138,512
Interest expense on deposits and borrowings	89,831	100,348	59,310	8,072	·	·	·	·	·	·
Net interest income	224,405	209,364	225,155	219,385	205,789	200,997	199,682	186,993^r	139,363^r	132,506
Provision for credit losses	1,968	6,282	4,280	-1,426	-29,372	36,106	-4,311^r	5,129	4,220	4,931
Net interest income after provision	222,437	203,082	220,875	220,811	235,161	164,891	195,371	181,864^r	135,143^r	127,575
Noninterest income	21,732	7,473	18,663	29,591	34,615	37,229	32,462	31,618^r	35,579^r	31,619
Noninterest expense	165,566	158,296	166,623	150,966	149,269	148,940	146,788	149,187^r	110,575	106,473
Interest expense	·	·	59,310	8,072	7,042	13,323	18,168	12,413	8,346	6,006
Income before income taxes	78,603	52,259	72,915	99,436	120,507	53,180	81,045	64,295^r	60,147	52,721
Income tax expense	11,071	9,001	11,160	17,561	22,472	6,610	13,488	11,238^r	18,356	13,803
Net income	67,532	43,258	61,755	81,875	98,035	46,570	67,557	53,057	41,791	38,918
Net income to common shareholders	67,532	43,258	61,755	81,875	98,035	·	·	·	·	·
Earnings per share, basic	1.99	1.26	1.76	2.33	2.75	1.29	1.84	1.49	1.39	1.30
Earnings per share, diluted	1.96	1.24	1.75	2.31	2.73	1.29	1.83	1.49	1.39	1.30
Weighted average shares, basic	33,996,149	34,465,323	35,022,247	35,103,465	35,677,851	36,014,445	36,758,230	35,194,003	29,757,819	29,678,302
Weighted average shares, diluted	34,456,904	34,899,036	35,258,189	35,463,896	35,973,386	36,170,066	36,985,766	35,371,590	29,849,331	29,692,153

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLeaseAndOtherLosses
us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanAndLeaseLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton HFWA · research, not advice