Heritage Financial Corp (HFWA)
Operating cash flow minus capital spending left $85.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $187.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Heritage Financial Corp
- Net worth
- Heritage Financial Corp has a market value (market cap) of $1.2B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $94.8M of cash; after $9.2M of capital spending, free cash flow was $85.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Heritage Financial Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Heritage Financial Corp declared dividends of $0.96 per share in fiscal 2025, a yield of 3.37% at the current price.
What Heritage Financial Corp does
Heritage Financial Corp is registered with the SEC under industry code SIC 6036 (Savings Institutions, Not Federally Chartered). Its shares trade on NASDAQ under the ticker HFWA.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $67.5M | $1.96 | $85.7M |
| 2024 | n/a | $43.3M | $1.24 | $61M |
| 2023 | n/a | $61.8M | $1.75 | $99.1M |
| 2022 | n/a | $81.9M | $2.31 | $90.4M |
| 2021 | n/a | $98M | $2.73 | $66.5M |
| 2020 | n/a | $46.6M | $1.29 | $63.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Heritage Financial Corp declared $0.96 per share in fiscal 2025. At the current price that is a yield of 3.37%. It paid out $32.6M in cash dividends, 48% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.96 | $32.6M | 48% |
| 2024 | $0.92 | $31.8M | 73% |
| 2023 | $0.88 | $30.8M | 50% |
| 2022 | $0.84 | $29.5M | 36% |
| 2021 | $0.81 | $28.9M | 30% |
| 2020 | $0.80 | $28.9M | 62% |
Latest SEC filings
What Heritage Financial Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- October 27, 2026Passive stake changed SCHEDULE 13G/A
- October 22, 2026
- October 8, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026
- July 23, 2026
- June 17, 2026
- May 11, 2026Passive stake changed SCHEDULE 13G/A
- May 8, 2026
Insider trades
What the people running Heritage Financial Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $547.4K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 15, 2026 | Rivera Frederick BDirector | Sold | 1,300 | $37.1K |
| September 3, 2026 | Charneski BrianDirector | Soldindirect | 13,675 | $399.1K |
| August 13, 2026 | Ray Matthew T.EVP Chief Lending Officer | Sold | 3,692 | $111.1K |
| August 5, 2026 | Chalfant TonyEVP Chief Credit Officer | Sold | 3,234 | $96.8K |
| August 5, 2026 | Lyon Jeffrey SDirector | Sold | 10,000 | $300K |
| July 30, 2026 | Wilson Kelli AnnEVP Chief Banking Officer | Sold | 3,778 | $112.2K |
| July 17, 2026 | Glasby WilliamEVP Chief Information Officer | Exercised options | 265 | $8.1K |
| July 17, 2026 | Glasby WilliamEVP Chief Information Officer | Exercised options | 265 | $8.1K |
Who owns HFWA
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| BlackRock, Inc.13G, passive | 14.3% | October 27, 2026 |
| Jennison Associates LLC13G, passive | 7.8% | May 6, 2026 |
| Victory Capital Management, Inc.13G, passive | 6.02% | May 11, 2026 |
| Vanguard Capital Management13G, passive | 5.24% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 191 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 5,811,114 | +249,332 |
| Jennison Associates LLC | 3,538,159 | +324,686 |
| Victory Capital Management Inc | 2,360,915 | -108,400 |
| Dimensional Fund Advisors LP | 2,044,399 | +87,922 |
| State Street Corp | 1,982,257 | +185,732 |
| Vanguard Capital Management LLC | 1,834,712 | -13,194 |
| Geode Capital Management, LLC | 1,103,769 | +168,967 |
| Alliancebernstein L.P. | 1,136,479 | -8,441 |
| Vanguard Portfolio Management LLC | 749,714 | +96,023 |
| Basswood Capital Management, L.L.C. | 689,010 | -9,894 |
| Boston Partners | 677,105 | -13,214 |
| Wellington Management Group Llp | 528,113 | -100,207 |
| Algebris (UK) Ltd | 469,403 | -49,006 |
| Morgan Stanley | 455,987 | -23,846 |
| Northern Trust Corp | 440,623 | +27,507 |
| Charles Schwab Investment Management Inc | 399,435 | +22,392 |
| Bank of New York Mellon Corp | 398,963 | +19,568 |
| Two Sigma Investments, LP | 389,206 | -101,204 |
| Rhino Investment Partners, Inc | 373,459 | +43,000 |
| Manufacturers Life Insurance Company, The | 308,640 | -713 |
Insiders
19 insiders reported holding 538,563 shares in total, about $15.3M at the last price.
| Holder | Shares |
|---|---|
| Vance Brian LDirector | 102,342 |
| McDonald BryanPresident | 66,47831,363 held indirectly |
| Charneski BrianDirector | 44,709 |
| Hinson DonaldEVPand Chief Financial Officer | 41,241 |
| Lyon Jeffrey SDirector | 40,719 |
| Ellwanger Kimberly TDirector | 35,037 |
| Robison Sabrina CEVP Chief HR Officer | 32,931 |
| Curran Amy E.EVP Director Commercial Lend | 29,958 |
| Watson AnnDirector | 26,121 |
| Ray Matthew T.EVP Chief Lending Officer | 22,735 |
Questions about HFWA
What does Heritage Financial Corp do?
Heritage Financial Corp is a company in the Finance sector, listed on NASDAQ as HFWA. Its shares trade on NASDAQ under the ticker HFWA.
What is Heritage Financial Corp's net worth?
Heritage Financial Corp has a market value (market cap) of $1.2B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Heritage Financial Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $77.5M.
When did Heritage Financial Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Heritage Financial Corp's next earnings report?
Heritage Financial Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Heritage Financial Corp pay a dividend?
Yes. Heritage Financial Corp declared dividends of $0.96 per share in fiscal 2025, a yield of 3.37% at the current price.
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Where the numbers come from
Financial figures are the values Heritage Financial Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.