HFWA
Income statement / Annual
Last year (2023), Heritage Financial Corporation's total revenue was $239.54 M,
a decrease of 3.79% from the previous year.
In 2023, Heritage Financial Corporation's net income was $61.76 M.
See Heritage Financial Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$239.54 M
|
$248.98 M
|
$240.40 M
|
$238.23 M
|
$232.14 M
|
$218.61 M
|
$174.94 M
|
$164.13 M
|
$161.89 M
|
$131.85 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$239.54 M |
$248.98 M |
$240.40 M |
$238.23 M |
$232.14 M |
$218.61 M |
$174.94 M |
$164.13 M |
$161.89 M |
$131.85 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| 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 |
$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
|
$63.60 M
|
| Selling & Marketing
Expenses |
$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
|
$2.50 M
|
| Selling, General &
Administrative Expenses |
$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
|
$66.10 M
|
| Other Expenses |
$138.49 M |
-$37.78 M |
-$38.26 M |
-$34.56 M |
-$33.37 M |
-$255.74 M |
-$27.72 M |
-$26.36 M |
$0.00 |
$0.00 |
| Operating Expenses |
$243.82 M |
$37.78 M |
$38.26 M |
$34.56 M |
$33.37 M |
-$154.32 M |
$27.72 M |
$26.36 M |
$102.26 M |
$99.38 M |
| Cost And Expenses |
$230.21 M |
$157.61 M |
$126.96 M |
$198.57 M |
$168.85 M |
-$154.32 M |
$122.41 M |
$117.08 M |
$102.26 M |
$99.38 M |
| Interest Income |
$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 |
$121.11 M |
| Interest Expense |
$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 |
$5.68 M |
| Depreciation &
Amortization |
$5.60 M
|
$8.15 M
|
$8.41 M
|
$9.03 M
|
$8.70 M
|
$8.22 M
|
$5.19 M
|
$5.32 M
|
$16.07 M
|
$14.80 M
|
| EBITDA |
$78.52 M
|
$102.53 M
|
$0.00
|
$9.11 M
|
$99.16 M
|
$85.28 M
|
$72.13 M
|
$66.85 M
|
$67.37 M
|
$42.72 M
|
| EBITDA Ratio |
0.33 |
0.41 |
0.42 |
0.22 |
0.43 |
0.39 |
0.41 |
0.41 |
0.42 |
0.32 |
| Operating Income Ratio
|
0.3
|
0.4
|
0.5
|
0.22
|
0.35
|
0.29
|
0.34
|
0.32
|
0.32
|
0.21
|
| Total Other
Income/Expenses Net |
$0.00
|
-$19.47 M
|
$11.59 M
|
-$13.24 M
|
-$19.88 M
|
-$19.79 M
|
-$15.02 M
|
-$15.55 M
|
-$13.98 M
|
-$24.46 M
|
| Income Before Tax |
$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 |
$27.92 M |
| Income Before Tax Ratio
|
0.3
|
0.4
|
0.5
|
0.22
|
0.35
|
0.29
|
0.34
|
0.32
|
0.32
|
0.21
|
| Income Tax Expense |
$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 |
$6.91 M |
| Net Income |
$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 |
$21.01 M |
| Net Income Ratio |
0.26 |
0.33 |
0.41 |
0.2 |
0.29 |
0.24 |
0.24 |
0.24 |
0.23 |
0.16 |
| EPS |
1.76 |
2.33 |
2.75 |
1.29 |
1.84 |
1.51 |
1.29 |
1.3 |
1.25 |
0.82 |
| EPS Diluted |
1.75 |
2.31 |
2.73 |
1.29 |
1.83 |
1.5 |
1.29 |
1.3 |
1.25 |
0.82 |
| Weighted Average Shares
Out |
$35.02 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
|
$25.43 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$25.48 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
