Heritage Financial Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 247.45M | 257.05M | 303.13M | 317.19M | 335.97M | 5.9% | |
| Cost of Revenue | (22.33M) | (6.65M) | (63.59M) | (106.63M) | (92.61M) | -13.1% | |
Gross Profit | 269.78M | 250.40M | 239.54M | 210.56M | 243.35M | 15.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (93.01M) | (95.75M) | (105.33M) | (102.78M) | (121.13M) | 17.9% | |
| General & Administrative | (90.87M) | (94.11M) | (103.39M) | (101.79M) | (119.88M) | 17.8% | |
| Selling & Marketing | (2.14M) | (1.64M) | (1.93M) | (988.00K) | (1.25M) | 26.6% | |
| Depreciation & Amortization | (18.63M) | (3.09M) | (5.60M) | (3.23M) | (1.85M) | -42.7% | |
Operating Income (EBIT) | 120.51M | 99.44M | 72.92M | 52.26M | 77.79M | 48.9% | |
| Non-Operating Items | |||||||
| Interest Income | 212.83M | 227.46M | 284.46M | 309.71M | 314.24M | 1.5% | |
| Interest Expense | (7.04M) | (8.07M) | (59.31M) | (100.35M) | (89.83M) | -10.5% | |
| Other Income/Expenses (Net) | — | — | — | — | 814.00K | — | |
Income Before Tax | 120.51M | 99.44M | 72.92M | 52.26M | 78.60M | 50.4% | |
| Income Tax Expense | (22.47M) | (17.56M) | (11.16M) | (9.00M) | (11.07M) | 23.0% | |
Net Income | 98.03M | 81.88M | 61.76M | 43.26M | 67.53M | 56.1% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $3 | $2 | $2 | $1 | $2 | 57.9% | |
| Weighted Avg Shares Outstanding | 35.68M | 35.10M | 35.48M | 34.47M | 33.96M | -1.5% | |
| Weighted Avg Shares Outstanding (Diluted) | 35.97M | 35.46M | 35.26M | 34.90M | 34.41M | -1.4% | |
EBITDA | 101.88M | 102.53M | 78.52M | 55.49M | 79.64M | 43.5% |
Explore HFWA
HFWA in the Financial Services
Small Cap