Heritage Financial Corporation (HFWA)

From the record

Heritage Financial Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Heritage Financial Corporation's 10 filed years say what it did: revenue went from $139 million in fiscal 2016 to $314 million in fiscal 2025, up 9.5% a year; it rose in 7 of 9 years; the deepest fall was 2% from fiscal 2019 to fiscal 2021; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Heritage Financial Corporation's diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 48% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 12 sales and 1 purchase of their own stock on the open market in the year to 2026-11-05, buying about $426 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Heritage Financial Corporation earned about 7 cents of profit for every dollar of shareholders' money. Leverage: it owed about 87 cents per dollar of assets, and net share issuance: its share count shrank 1.3% over the year (the filed statements).

From the record

Heritage Financial Corporation's standing among 22 graded names in its industry family: revenue of $314 million in fiscal 2025 ranks in the top 16% by size; a net margin of 21.5% ranks in the top 30%; revenue growth of 11.4% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

From the record

Heritage Financial Corporation's leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 21 officers and directors filing in the last fifteen months have been on the record a median of 6.3 years (top 46%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (top 45%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Heritage Financial Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $233 million against no long-term debt tagged leaves 3.3% of its assets as net cash, bottom 38% of its family; cash from operations less capital spending is 27.3% of revenue (top 20%) (its annual report).

From the record

Heritage Financial Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 11.4% a year over the last three filed years against 9.5% over all 10, speeding up (top 50% of its family); the newest year grew 1.5% (bottom 29%); capital spending grew 31.6% a year (top 19%) (its annual reports). Heritage Financial Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Heritage Financial Corporation's newest year against its own record: revenue of $314 million in fiscal 2025 came in 13% below the $361 million its prior three years' pace pointed to (top 38% of its family); net income of $68 million against a prior three-year average of $62 million (bottom 21%); a net margin of 21.5% against 23.9% before (bottom 44%) (its annual reports).