Heritage Financial Corporation (HFWA) Earnings History
Annual and quarterly earnings data from 1997 to 2025
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HFWA EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
HFWA Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 72.4% | 23.2% | 20.1% |
| 2024 | 66.4% | 16.5% | 13.6% |
| 2023 | 79.0% | 24.1% | 20.4% |
| 2022 | 97.4% | 38.7% | 31.9% |
| 2021 | 109.0% | 48.7% | 39.6% |
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Heritage Financial Corporation (HFWA) Earnings Overview
As of May 8, 2026, Heritage Financial Corporation (HFWA) reported trailing twelve-month net income of $68M, reflecting +58.1% year-over-year growth. The company earned $1.96 per diluted share over the past four quarters, with a net profit margin of 20.1%.
Looking at the long-term picture, HFWA's 5-year EPS compound annual growth rate (CAGR) stands at +8.7%, showing solid earnings momentum. The company achieved its highest annual net income of $98M in fiscal 2021.
Heritage Financial Corporation maintains industry-leading profitability with a gross margin of 72.4%, operating margin of 23.2%, and net margin of 20.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including COLB ($550M net income, 17.1% margin), WAFD ($243M net income, 16.0% margin), HOMB ($458M net income, 27.7% margin), HFWA has outperformed on profitability metrics. Compare HFWA vs COLB →
HFWA Earnings vs Peers
Earnings metrics vs comparable public companies
HFWA Historical Earnings Data (1997–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $68M | +56.1% | $78M | $1.96 | 20.1% | 23.2% |
| 2024 | $43M | -30.0% | $52M | $1.24 | 13.6% | 16.5% |
| 2023 | $62M | -24.6% | $73M | $1.75 | 20.4% | 24.1% |
| 2022 | $82M | -16.5% | $99M | $2.31 | 31.9% | 38.7% |
| 2021 | $98M | +110.5% | $121M | $2.73 | 39.6% | 48.7% |
| 2020 | $47M | -31.1% | $53M | $1.29 | 18.5% | 21.1% |
| 2019 | $68M | +27.3% | $81M | $1.83 | 27.0% | 32.4% |
| 2018 | $53M | +27.0% | $64M | $1.50 | 23.0% | 27.8% |
| 2017 | $42M | +7.4% | $60M | $1.29 | 22.8% | 32.8% |
| 2016 | $39M | +3.8% | $53M | $1.30 | 22.9% | 31.0% |
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Start ComparisonHFWA — Frequently Asked Questions
Quick answers to the most common questions about buying HFWA stock.
Is HFWA growing earnings?
HFWA EPS is $1.96, with earnings growth accelerating to +58.1%. This exceeds the 5-year CAGR of +8.7%. TTM net income reached $68M.
What are HFWA's profit margins?
Heritage Financial Corporation net margin is +20.1%, with operating margin at +23.2%. Above-average margins indicate pricing power.
How consistent are HFWA's earnings?
HFWA earnings data spans 1997-2025. The accelerating earnings trend is +58.1% YoY. Historical data enables comparison across business cycles.