HERITAGE FINANCIAL CORP /WA/(HFWA)— Stock Profile, AI Score & Financials
Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
HERITAGE FINANCIAL CORP /WA/ (HFWA) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores HFWA at 61.0/100 on a 32-signal composite quality model, placing it at rank #821 of 2,962 stocks — the top half of the AI-ranked universe. HFWA scores in the top quartile across profitability (89.3), free cash flow (81.1). Areas of concern include revenue scale (29.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), HERITAGE FINANCIAL CORP /WA/ reports quarterly revenue of $84.1M, net income of $17.5M, free cash flow of $21.1M. Top institutional holders of HFWA by reported 13-F value include BlackRock, JENNISON ASSOCIATES, VICTORY CAPITAL MANAGEMENT, based on the most recent SEC filings. HFWA trades on the Nasdaq exchange and files with the SEC under CIK 1046025. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HFWA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HERITAGE FINANCIAL CORP /WA/ directly from SEC EDGAR.
AI Quality Score
61.0/100
AI Rank
#821
Revenue
$84.1M
Net Income
$17.5M
Free Cash Flow
$21.1M
HFWA key financials by period
HERITAGE FINANCIAL CORP /WA/ reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$246.1M
$67.5M
31.9%
FY 2024
10-K
$216.8M
$43.3M
24.1%
FY 2023
10-K
$243.8M
$61.8M
29.9%
FY 2022
10-K
$249.0M
$81.9M
39.9%
FY 2021
10-K
$240.4M
$98.0M
50.1%
FY 2020
10-K
$238.2M
$46.6M
22.3%
Institutions holding HFWA
Institutional investors reporting a position in HERITAGE FINANCIAL CORP /WA/ on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income rose 43.6% YoY to $17.5M ($0.42 diluted EPS) as the Olympic Bancorp acquisition drove net interest income up 36.1% and NIM to 3.99%, partly offset by $7.5M of merger-related expenses.
Biggest Revenue Drivers
Net interest income$74.8M+36.1% YoY
Increased primarily due to an increase in average interest earning assets, which increased substantially as a result of the Merger
Noninterest income$9.3M+513.8% YoY
Loss on sale of securities fell to $217K from $6.9M; service charges, card revenue and BOLI income rose on business acquired from Olympic
Biggest Revenue Drivers
Total revenue: $84.1M+49% YoY
Net interest income$74.8M+36.1% YoY
Increased primarily due to an increase in average interest earning assets, which increased substantially as a result of the Merger
Noninterest income$9.3M+513.8% YoY
Loss on sale of securities fell to $217K from $6.9M; service charges, card revenue and BOLI income rose on business acquired from Olympic
Within Noninterest income
Service charges and other fees$3.6M+22.5% YoY
Income from the deposit portfolio acquired from Olympic
Card revenue$2.6M+29.2% YoY
Income from the deposit portfolio acquired from Olympic
Largest Expense Items
Compensation and employee benefits$35.8M+40.5% YoY
Increased headcount and severance expense related to the Merger
Data processing$10.2M+178.7% YoY
Increase in transactional accounts and balances; includes $4.9M of Merger-related core conversion costs
Occupancy and equipment$6.0M+24.3% YoY
Additional rent expense from the Merger
Amortization of intangible assets$3.0M+879.1% YoY
Core deposit intangibles recorded in connection with the Olympic Merger
Margins: Net interest margin rose 48 bps YoY to 3.99% on higher average loan balances and loan yield (5.72%, +22 bps) from the Merger, aided by 12 bps of incremental purchased-loan accretion; deposit costs fell 27 bps to 1.67% on lower-cost Olympic deposits.
Watch Items from the Filing
Merger integration costs totaled $7.5M in Q2 and $12.7M year-to-date, with goodwill rising to $279.0M and a new $47.3M core deposit intangible tied to the Olympic acquisition.
Uninsured deposits were approximately $2.75 billion, or 39.1% of total deposits, at June 30, 2026.
Nonaccrual loans declined to $15.5M (0.27% of loans receivable) from $20.98M (0.44%) at December 31, 2025.
Non-owner occupied CRE loans represent $2.51 billion, or 43.6% of total loans receivable, within a commercial-business-loan-concentrated portfolio.
ACL on loans as a percentage of loans receivable declined to 1.03% from 1.10% at year-end 2025, even as the Company recorded a $921K reversal of provision for credit losses in the quarter.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
