Heritage Financial/$HFWA

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About Heritage Financial

Heritage Financial Corp is a bank holding company. The company through its subsidiary provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as noninterest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties mainly located in its market area. Geographically, all the business activity functions through the region of the United States.

Ticker

$HFWA
Sector
Primary listing

Employees

747

HFWA Metrics

BasicAdvanced
$830M
17.09
$1.43
0.56
$0.95
3.93%

Bulls say / Bears say

Net interest margin widened to 3.51% in Q2 2025 from 3.27% in Q2 2024, boosting net interest income as higher-yielding assets were repriced.
Loans receivable reached $4.78 billion in Q2 2025, up from $4.53 billion the prior year, supporting continued revenue growth as commercial lending expanded.
Asset quality remains solid: nonaccrual loans total just $10 million and net charge-offs are at 0.04% in Q2 2025, reflecting conservative underwriting and low credit losses.
Q2 2025 net income fell to $12.2 million from $13.9 million in Q1 2025, underscoring volatility in earnings and the impact from balance sheet repositioning losses.
Heritage’s GAAP efficiency ratio stayed high at 72.7% in Q2 2025, limiting profitability compared to regional banks that aim for ratios below 65%.
Noninterest expense as a percentage of average assets increased to 2.34% in Q2 2025 from 2.21% in Q2 2024, pointing to weaker cost controls amid spending on growth initiatives.
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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