InsiderClue
Stocks · Financials · Savings Institutions, Not Federally Chartered

HERITAGE FINANCIAL CORP /WA/

HFWA Clue Score51
United States Fiscal year ends December CIK 0001046025
$27.16 -1.49% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $27.16 +7.18% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income38.9EPS, diluted1.30Fiscal year 2017Net income41.8 +7.4%EPS, diluted1.39 +6.9%Fiscal year 2018Net income53.1 +27.0%EPS, diluted1.49 +7.2%Fiscal year 2019Net income67.6 +27.3%EPS, diluted1.83 +22.8%Fiscal year 2020Net income46.6 −31.1%EPS, diluted1.29 −29.5%Fiscal year 2021Net income98.0 +110.5%EPS, diluted2.73 +111.6%Fiscal year 2022Net income81.9 −16.5%EPS, diluted2.31 −15.4%Fiscal year 2023Net income61.8 −24.6%EPS, diluted1.75 −24.2%Fiscal year 2024Net income43.3 −30.0%EPS, diluted1.24 −29.1%Fiscal year 2025Net income67.5 +56.1%EPS, diluted1.96 +58.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 38.9 41.8 53.1 67.6 46.6 98.0 81.9 61.8 43.3 67.5
Growth +7.4% +27.0% +27.3% −31.1% +110.5% −16.5% −24.6% −30.0% +56.1%
EPS, diluted 1.30 1.39 1.49 1.83 1.29 2.73 2.31 1.75 1.24 1.96
Growth +6.9% +7.2% +22.8% −29.5% +111.6% −15.4% −24.2% −29.1% +58.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow54.0Capital expenditure−6.7Free cash flow47.3Buybacks−2.9Dividends paid−21.6Fiscal year 2017Operating cash flow73.5Capital expenditure−3.1Free cash flow70.5 +49.1%Buybacks−0.7Dividends paid−18.3Fiscal year 2018Operating cash flow90.4Capital expenditure−23.3Free cash flow67.1 −4.7%Buybacks−1.7Dividends paid−25.8Fiscal year 2019Operating cash flow92.5Capital expenditure−13.0Free cash flow79.4 +18.3%Buybacks−8.6Dividends paid−30.9Fiscal year 2020Operating cash flow70.3Capital expenditure−7.0Free cash flow63.3 −20.3%Buybacks−19.1Dividends paid−28.9Fiscal year 2021Operating cash flow69.5Capital expenditure−3.0Free cash flow66.5 +5.0%Buybacks−22.9Dividends paid−28.9Fiscal year 2022Operating cash flow94.5Capital expenditure−4.0Free cash flow90.4 +36.0%Buybacks−3.2Dividends paid−29.5Fiscal year 2023Operating cash flow109.5Capital expenditure−10.4Free cash flow99.1 +9.6%Buybacks−7.0Dividends paid−30.8Fiscal year 2024Operating cash flow64.5Capital expenditure−3.5Free cash flow61.0 −38.5%Buybacks−22.4Dividends paid−31.8Fiscal year 2025Operating cash flow94.8Capital expenditure−9.2Free cash flow85.7 +40.4%Buybacks−5.5Dividends paid−32.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 54.0 73.5 90.4 92.5 70.3 69.5 94.5 109.5 64.5 94.8
Capital expenditure −6.7 −3.1 −23.3 −13.0 −7.0 −3.0 −4.0 −10.4 −3.5 −9.2
Free cash flow 47.3 70.5 67.1 79.4 63.3 66.5 90.4 99.1 61.0 85.7
Growth +49.1% −4.7% +18.3% −20.3% +5.0% +36.0% +9.6% −38.5% +40.4%
Buybacks −2.9 −0.7 −1.7 −8.6 −19.1 −22.9 −3.2 −7.0 −22.4 −5.5
Dividends paid −21.6 −18.3 −25.8 −30.9 −28.9 −28.9 −29.5 −30.8 −31.8 −32.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash103.7Shareholders’ equity481.8Fiscal year 2017Cash103.0Shareholders’ equity508.3Fiscal year 2018Cash161.9Shareholders’ equity760.7Fiscal year 2019Cash228.6Shareholders’ equity809.3Fiscal year 2020Cash743.3Shareholders’ equity820.4Fiscal year 2021Cash1,723.3Shareholders’ equity854.4Fiscal year 2022Cash103.6Shareholders’ equity797.9Fiscal year 2023Cash225.0Shareholders’ equity853.3Fiscal year 2024Cash117.1Shareholders’ equity863.5Fiscal year 2025Cash233.1Shareholders’ equity921.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 103.7 103.0 161.9 228.6 743.3 1,723.3 103.6 225.0 117.1 233.1
Shareholders’ equity 481.8 508.3 760.7 809.3 820.4 854.4 797.9 853.3 863.5 921.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
52.7 60.1 64.3 81.0 53.2 120.5 99.4 72.9 52.3 78.6
13.8 18.4 11.2 13.5 6.6 22.5 17.6 11.2 9.0 11.1
38.9 41.8 53.1 67.6 46.6 98.0 81.9 61.8 43.3 67.5
Growth +7.4% +27.0% +27.3% −31.1% +110.5% −16.5% −24.6% −30.0% +56.1%
Per share
1.30 1.39 1.49 1.84 1.29 2.75 2.33 1.76 1.26 1.99
1.30 1.39 1.49 1.83 1.29 2.73 2.31 1.75 1.24 1.96
Growth +6.9% +7.2% +22.8% −29.5% +111.6% −15.4% −24.2% −29.1% +58.1%
29.7 29.8 35.2 36.8 36.0 35.7 35.1 35.0 34.5 34.0
29.7 29.8 35.4 37.0 36.2 36.0 35.5 35.3 34.9 34.5
Growth +0.5% +18.5% +4.6% −2.2% −0.5% −1.4% −0.6% −1.0% −1.3%

Five years in brief

Worked out from the figures above, not from a press release
  • The diluted share count fell 4.7% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 10 years on file.