Heritage Financial Corporation (HFWA) Earnings History
Steady Earner29 years of earnings data (1997–2025) · Positive but moderate multi-year EPS trajectory
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Heritage Financial Corporation (HFWA) Earnings Overview
As of June 23, 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 ($475M net income, 34.6% margin), HFWA has outperformed on profitability metrics. Compare HFWA vs COLB →
HFWA Earnings vs Peers
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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% |
| 2015 | $37M | +78.4% | $51M | $1.25 | 22.3% | 30.5% |
| 2014 | $21M | +119.5% | $28M | $0.82 | 15.3% | 20.3% |
| 2013 | $10M | -27.8% | $14M | $0.61 | 11.9% | 17.6% |
| 2012 | $13M | +103.5% | $19M | $0.87 | 17.4% | 25.5% |
| 2011 | $7M | -51.2% | $9M | $0.42 | 8.2% | 11.5% |
| 2010 | $13M | +2198.5% | $20M | $1.04 | 19.3% | 28.7% |
| 2009 | $581,000 | -90.9% | $78,000 | $0.07 | 0.9% | 0.1% |
| 2008 | $6M | -40.7% | $9M | $0.93 | 9.7% | 14.2% |
| 2007 | $11M | +1.5% | $16M | $1.61 | 15.1% | 22.7% |
| 2006 | $11M | +0.7% | $16M | $1.60 | 16.7% | 25.2% |
| 2005 | $10M | +9.3% | $16M | $1.65 | 20.1% | 29.8% |
| 2004 | $10M | +7.6% | $14M | $1.42 | 21.1% | 31.5% |
| 2003 | $9M | -5.5% | $14M | $1.26 | 20.1% | 30.8% |
| 2002 | $9M | +35.4% | $14M | $1.21 | 20.2% | 30.7% |
| 2001 | $7M | +16.5% | $11M | $0.82 | 13.6% | 21.0% |
| 2000 | $6M | +10.6% | $9M | $0.62 | 12.3% | 18.4% |
| 1999 | $5M | +25.6% | $8M | $0.47 | 13.3% | 20.7% |
| 1997 | $4M | - | $7M | $0.38 | 13.3% | 20.7% |
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HFWA — Frequently Asked Questions
Quick answers to the most common questions about buying HFWA stock.
What is HFWA earnings per share (EPS)?
HFWA trailing twelve-month (TTM) diluted EPS is $1.96, reflecting +58.1% year-over-year growth. The 5-year EPS CAGR is +8.7%. Complete EPS history from 1997 to 2025 is available in the table on this page.
What is Heritage Financial Corporation's net income?
Heritage Financial Corporation (HFWA) trailing twelve-month net income is $68M as of 2025. Earnings grew +58.1% year-over-year. Heritage Financial Corporation has been profitable for 28 consecutive years.
Is HFWA profitable?
Yes, HFWA is profitable with a TTM net income of $68M and a net profit margin of +20.1%. Heritage Financial Corporation has generated profits for 28 consecutive years.
What is HFWA's earnings growth rate?
HFWA compound annual EPS growth rates (CAGR): 1-Year: +58.1%, 3-Year: -5.3%, 5-Year: +8.7%, 10-Year: +4.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1997 to 2025.
What are HFWA's profit margins?
Heritage Financial Corporation net profit margin is +20.1%, operating margin is +23.2%, and gross margin is +72.4%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +7.6%.
Is HFWA growing earnings?
Yes, HFWA earnings are accelerating — EPS growth of +58.1% exceeds the 5-year CAGR of +8.7%. TTM net income reached $68M. Earnings momentum is strengthening.
What was HFWA's best earnings year?
Heritage Financial Corporation's highest annual net income on record is $98M, achieved in fiscal year 2021. Earnings history on this page spans 1997 to 2025 and includes all annual and quarterly figures.
What were HFWA's earnings last quarter?
HFWA's most recent reported quarter was Q4 2025. Net income was $22M with diluted EPS of $0.65. For a full breakdown of all quarters, see the quarterly earnings table on this page.