For the quarter ending 2025-09-30, HFWA made $151,585K in revenue. $19,169K in net income. Net profit margin of 12.65%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Interest and fees on loans | 66,422 | 65,373 | 64,436 | 61,363 |
| Taxable interest on investment securities | 11,102 | 11,579 | 11,739 | 13,672 |
| Nontaxable interest on investment securities | 138 | 137 | 139 | 164 |
| Interest on interest earning deposits | 1,846 | 1,411 | 1,052 | 1,458 |
| Total interest income | 79,508 | 78,500 | 77,366 | 76,657 |
| Deposits | 20,121 | 20,150 | 19,489 | 18,180 |
| Junior subordinated debentures | 474 | 472 | 471 | 530 |
| Borrowings | 1,542 | 2,895 | 3,716 | 5,301 |
| Interest expense, operating, total | 22,137 | 23,517 | 23,676 | 24,496 |
| Net interest income | 57,371 | 54,983 | 53,690 | 52,647 |
| Provision for credit losses | 1,775 | 956 | 51 | 1,288 |
| Net interest income after provision for credit losses | 55,596 | 54,027 | 53,639 | 51,359 |
| Service charges, other fees and card revenue-Deposit Account | 3,046 | 2,932 | - | - |
| Service charges, other fees and card revenue-Credit And Debit Card | 2,209 | 2,008 | - | - |
| Loss on sale of investment securities, net | 0 | -6,854 | -3,887 | -6,938 |
| Gain on sale of loans, net | 0 | 0 | - | 73 |
| Interest rate swap fees | 96 | 19 | - | 119 |
| Bank owned life insurance income | 1,008 | 1,280 | 918 | 588 |
| Service charges, other fees and card revenue | - | - | 4,708 | 4,684 |
| Gain on sale of other assets, net | 0 | 5 | 3 | 12 |
| Other income | 1,966 | 2,127 | 2,161 | 1,658 |
| Total noninterest income | 8,325 | 1,517 | 3,903 | 195 |
| Compensation and employee benefits | 26,082 | 25,467 | 25,799 | 24,856 |
| Occupancy and equipment | 4,665 | 4,840 | 4,926 | 4,837 |
| Data processing | 3,754 | 3,666 | 3,897 | 3,600 |
| Marketing | 284 | 336 | 335 | 308 |
| Professional services | 1,332 | 1,122 | 734 | 615 |
| State/municipal business and use taxes | 1,235 | 1,205 | 1,220 | 1,240 |
| Federal deposit insurance premium | 796 | 810 | 812 | 812 |
| Amortization of intangible assets | 284 | 302 | 303 | 410 |
| Other expense | 3,183 | 3,337 | 3,357 | 3,278 |
| Total noninterest expense | 41,615 | 41,085 | 41,383 | 39,955 |
| Income before income taxes | 22,306 | 14,459 | 16,159 | 11,599 |
| Income tax expense | 3,137 | 2,244 | 2,248 | 2,761 |
| Net income | 19,169 | 12,215 | 13,911 | 8,838 |
| Average number of basic common shares outstanding (in shares) | 33,953,810 | 34,028,592 | 34,012,490 | -17,233,323 |
| Average number of diluted shares outstanding (in shares) | 34,413,386 | 34,446,710 | 34,506,238 | -17,339,516.5 |
| Basic earnings per share (in dollars per share) | 0.56 | 0.36 | 0.41 | 0.26 |
| Diluted earnings per share (in dollars per share) | 0.55 | 0.36 | 0.4 | 0.25 |
HERITAGE FINANCIAL CORP WA (HFWA)
HERITAGE FINANCIAL CORP WA (HFWA)