HFWA
Income statement / Annual
Last year (2024), Heritage Financial Corporation's total revenue was $317.19 M,
an increase of 4.64% from the previous year.
In 2024, Heritage Financial Corporation's net income was $43.26 M.
See Heritage Financial Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$317.19 M |
$303.13 M |
$257.05 M |
$247.45 M |
$251.55 M |
$250.31 M |
$231.02 M |
$183.29 M |
$170.13 M |
$168.01 M |
| Cost of Revenue |
$106.63 M
|
$63.59 M
|
$6.65 M
|
-$22.33 M
|
$49.43 M
|
$22.48 M
|
$17.54 M
|
$12.57 M
|
$10.94 M
|
$10.49 M
|
| Gross Profit |
$210.56 M
|
$239.54 M
|
$250.40 M
|
$269.78 M
|
$202.12 M
|
$227.83 M
|
$213.48 M
|
$170.72 M
|
$159.19 M
|
$157.52 M
|
| Gross Profit Ratio |
0.66
|
0.79
|
0.97
|
1.09
|
0.8
|
0.91
|
0.92
|
0.93
|
0.94
|
0.94
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$101.79 M
|
$103.40 M
|
$94.11 M
|
$90.87 M
|
$89.90 M
|
$101.32 M
|
$98.20 M
|
$73.88 M
|
$70.34 M
|
$67.88 M
|
| Selling & Marketing Expenses |
$988.00 K
|
$1.93 M
|
$1.64 M
|
$2.14 M
|
$3.10 M
|
$3.48 M
|
$3.23 M
|
$2.94 M
|
$2.84 M
|
$3.07 M
|
| Selling, General & Administrative Expenses |
$102.78 M
|
$105.33 M
|
$95.75 M
|
$93.01 M
|
$93.00 M
|
$104.80 M
|
$101.43 M
|
$76.82 M
|
$73.17 M
|
$70.95 M
|
| Other Expenses |
$55.52 M
|
$61.30 M
|
$55.22 M
|
$56.26 M
|
$55.95 M
|
$41.99 M
|
$47.76 M
|
$33.75 M
|
$33.30 M
|
$35.26 M
|
| Operating Expenses |
$158.30 M
|
$166.62 M
|
$150.97 M
|
$149.27 M
|
$148.94 M
|
$146.79 M
|
$149.19 M
|
$110.58 M
|
$106.47 M
|
$106.21 M
|
| Cost And Expenses |
$264.93 M
|
$230.21 M
|
$157.61 M
|
$126.94 M
|
$198.37 M
|
$169.27 M
|
$166.73 M
|
$123.14 M
|
$117.41 M
|
$116.70 M
|
| Interest Income |
$309.71 M
|
$284.47 M
|
$227.46 M
|
$212.83 M
|
$214.32 M
|
$217.85 M
|
$199.41 M
|
$147.71 M
|
$138.51 M
|
$135.74 M
|
| Interest Expense |
$100.35 M
|
$59.31 M
|
$8.07 M
|
$7.04 M
|
$13.32 M
|
$18.17 M
|
$12.41 M
|
$8.35 M
|
$6.01 M
|
$6.12 M
|
| Depreciation & Amortization |
$3.23 M
|
$5.60 M
|
$3.09 M
|
-$18.63 M
|
-$87.00 K
|
$18.11 M
|
$21.44 M
|
$11.99 M
|
$14.12 M
|
$16.07 M
|
| EBITDA |
$55.49 M |
$78.52 M |
$102.53 M |
$101.88 M |
$53.09 M |
$99.16 M |
$85.74 M |
$72.14 M |
$66.85 M |
$67.37 M |
| EBITDA Ratio |
0.17
|
0.26
|
0.4
|
0.41
|
0.21
|
0.4
|
0.37
|
0.39
|
0.39
|
0.4
|
| Operating Income Ratio |
0.16
|
0.24
|
0.39
|
0.49
|
0.21
|
0.32
|
0.28
|
0.33
|
0.31
|
0.31
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$52.26 M
|
$72.92 M
|
$99.44 M
|
$120.51 M
|
$53.18 M
|
$81.05 M
|
$64.30 M
|
$60.15 M
|
$52.72 M
|
$51.31 M
|
| Income Before Tax Ratio |
0.16
|
0.24
|
0.39
|
0.49
|
0.21
|
0.32
|
0.28
|
0.33
|
0.31
|
0.31
|
| Income Tax Expense |
$9.00 M
|
$11.16 M
|
$17.56 M
|
$22.47 M
|
$6.61 M
|
$13.49 M
|
$11.24 M
|
$18.36 M
|
$13.80 M
|
$13.82 M
|
| Net Income |
$43.26 M
|
$61.76 M
|
$81.88 M
|
$98.04 M
|
$46.57 M
|
$67.56 M
|
$53.06 M
|
$41.79 M
|
$38.92 M
|
$37.49 M
|
| Net Income Ratio |
0.14
|
0.2
|
0.32
|
0.4
|
0.19
|
0.27
|
0.23
|
0.23
|
0.23
|
0.22
|
| EPS |
1.26 |
1.76 |
2.33 |
2.75 |
1.29 |
1.84 |
1.49 |
1.29 |
1.3 |
1.25 |
| EPS Diluted |
1.24 |
1.75 |
2.31 |
2.73 |
1.29 |
1.83 |
1.5 |
1.29 |
1.3 |
1.25 |
| Weighted Average Shares Out |
$34.47 M
|
$35.48 M
|
$35.10 M
|
$35.68 M
|
$36.01 M
|
$36.76 M
|
$35.19 M
|
$29.76 M
|
$29.68 M
|
$29.79 M
|
| Weighted Average Shares Out Diluted |
$34.90 M
|
$35.26 M
|
$35.46 M
|
$35.97 M
|
$36.17 M
|
$36.99 M
|
$35.37 M
|
$29.85 M
|
$29.69 M
|
$29.81 M
|
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