HERITAGE FINANCIAL CORP /WA/ — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that HERITAGE FINANCIAL CORP /WA/ filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $67.53M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $43.26M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $61.76M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $81.88M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $98.04M | Feb 27, 2024 |
| FY2021 | Mar 31, 2021 | $25.34M | May 5, 2021 |
| FY2020 | Dec 31, 2020 | $23.88M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $16.64M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | ($6.14M) | Feb 26, 2021 |
| FY2021 | Mar 31, 2020 | $12.19M | May 5, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $94.82M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $64.48M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $109.52M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $94.46M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $69.53M | Feb 27, 2024 |
| FY2021 | Mar 31, 2021 | $9.08M | May 5, 2021 |
| FY2022 | Dec 31, 2020 | $70.33M | Feb 24, 2023 |
| FY2020 | Sep 30, 2020 | $76.60M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $72.27M | Aug 5, 2020 |
| FY2021 | Mar 31, 2020 | $14.31M | May 5, 2021 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.16M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $3.46M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $10.38M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $4.02M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $3.02M | Feb 27, 2024 |
| FY2021 | Mar 31, 2021 | $475.0K | May 5, 2021 |
| FY2022 | Dec 31, 2020 | $7.00M | Feb 24, 2023 |
| FY2020 | Sep 30, 2020 | $6.14M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $1.74M | Aug 5, 2020 |
| FY2021 | Mar 31, 2020 | $1.42M | May 5, 2021 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.97B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $7.11B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $7.17B | Feb 27, 2025 |
| FY2024 | Dec 31, 2022 | $6.98B | Feb 27, 2025 |
| FY2022 | Dec 31, 2021 | $7.43B | Feb 24, 2023 |
| FY2021 | Mar 31, 2021 | $7.03B | May 5, 2021 |
| FY2021 | Dec 31, 2020 | $6.62B | Feb 25, 2022 |
| FY2020 | Sep 30, 2020 | $6.69B | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $6.56B | Aug 5, 2020 |
| FY2020 | Mar 31, 2020 | $5.59B | May 5, 2020 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.05B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $6.24B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $6.32B | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $6.18B | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $6.58B | Feb 24, 2023 |
| FY2021 | Mar 31, 2021 | $6.20B | May 5, 2021 |
| FY2021 | Dec 31, 2020 | $5.79B | Feb 25, 2022 |
| FY2020 | Sep 30, 2020 | $5.88B | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $5.77B | Aug 5, 2020 |
| FY2020 | Mar 31, 2020 | $4.79B | May 5, 2020 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $921.50M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $863.53M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $853.26M | Feb 27, 2026 |
| FY2025 | Dec 31, 2022 | $797.89M | Feb 27, 2026 |
| FY2024 | Dec 31, 2021 | $854.43M | Feb 27, 2025 |
| FY2021 | Mar 31, 2021 | $827.15M | May 5, 2021 |
| FY2023 | Dec 31, 2020 | $820.44M | Feb 27, 2024 |
| FY2020 | Sep 30, 2020 | $803.13M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $793.65M | Nov 9, 2020 |
| FY2021 | Mar 31, 2020 | $798.44M | May 5, 2021 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $240.94M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $240.94M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $240.94M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $240.94M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $240.94M | Feb 24, 2023 |
| FY2021 | Mar 31, 2021 | $240.94M | May 5, 2021 |
| FY2021 | Dec 31, 2020 | $240.94M | Feb 25, 2022 |
| FY2020 | Sep 30, 2020 | $240.94M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $240.94M | Aug 5, 2020 |
| FY2020 | Mar 31, 2020 | $240.94M | May 5, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $421.62M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $387.10M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $375.99M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $345.35M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $293.24M | Feb 24, 2023 |
| FY2021 | Mar 31, 2021 | $242.49M | May 5, 2021 |
| FY2021 | Dec 31, 2020 | $224.40M | Feb 25, 2022 |
| FY2020 | Sep 30, 2020 | $207.75M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $198.34M | Aug 5, 2020 |
| FY2020 | Mar 31, 2020 | $211.71M | May 5, 2020 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $233.09M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $117.10M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $224.97M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | $103.59M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $1.72B | Feb 24, 2023 |
| FY2021 | Mar 31, 2021 | $934.32M | May 5, 2021 |
| FY2021 | Dec 31, 2020 | $743.32M | Feb 25, 2022 |
| FY2020 | Sep 30, 2020 | $576.24M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $415.08M | Aug 5, 2020 |
| FY2020 | Mar 31, 2020 | $162.91M | May 5, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Feb 27, 2024 |
| FY2021 | Mar 31, 2021 | 0 | May 5, 2021 |
| FY2020 | Dec 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2021 | Mar 31, 2020 | 0 | May 5, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Feb 27, 2024 |
| FY2021 | Mar 31, 2021 | 0 | May 5, 2021 |
| FY2020 | Dec 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2021 | Mar 31, 2020 | 0 | May 5, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 33.96M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 33.99M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 34.91M | Feb 27, 2025 |
| FY2023 | Dec 31, 2022 | 35.11M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | 35.11M | Feb 24, 2023 |
| FY2021 | Mar 31, 2021 | 35.98M | May 5, 2021 |
| FY2021 | Dec 31, 2020 | 35.91M | Feb 25, 2022 |
| FY2020 | Sep 30, 2020 | 35.91M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | 35.91M | Aug 5, 2020 |
| FY2020 | Mar 31, 2020 | 35.89M | May 5, 2020 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $32.65M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $31.78M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $30.82M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $29.49M | Feb 27, 2025 |
| FY2023 | Dec 31, 2021 | $28.94M | Feb 27, 2024 |
| FY2021 | Mar 31, 2021 | $7.18M | May 5, 2021 |
| FY2022 | Dec 31, 2020 | $28.86M | Feb 24, 2023 |
| FY2020 | Sep 30, 2020 | $21.68M | Nov 9, 2020 |
| FY2020 | Jun 30, 2020 | $14.49M | Aug 5, 2020 |
| FY2021 | Mar 31, 2020 | $7.31M | May 5, 2021 |