Heritage Financial Corp income statement
In fiscal 2025, Heritage Financial Corp reported revenue of $246m, up 13.5% on the year before and net income of $67.5m, or $1.96 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 50 | 70 | 73 | 72 | 77 | 132 | 162 | 164 | 175 | 219 | 232 | 238 | 240 | 249 | 244 | 217 | 246 | 294 |
| Interest expense | 12 | 9 | 7 | 5 | 4 | 6 | 6 | 6 | 8 | 12 | 18 | 13 | 7 | 8 | 59 | — | — | — |
| Net interest income | 42 | 51 | 68 | 65 | 68 | 115 | 130 | 133 | 139 | 187 | 200 | 201 | 206 | 219 | 225 | 209 | 224 | 260 |
| Non-interest income | 8 | 19 | 6 | 7 | 10 | 16 | 32 | 32 | 36 | 32 | 32 | 37 | 35 | 30 | 19 | 7 | 22 | 34 |
| Non-interest expense | 31 | 38 | 50 | 50 | 60 | 99 | 106 | 106 | 111 | 149 | 147 | 149 | 149 | 151 | 167 | 158 | 166 | 204 |
| Provision for credit losses | 19 | 12 | 14 | 2 | 4 | 5 | 4 | 5 | 4 | 5 | −4 | 36 | −29 | −1 | 4 | 6 | 2 | −1 |
| Income before tax | 0 | 20 | 9 | 19 | 14 | 28 | 51 | 53 | 60 | 64 | 81 | 53 | 121 | 99 | 73 | 52 | 79 | 91 |
| Income tax | — | — | 3 | 6 | 5 | 7 | 14 | 14 | 18 | 11 | 13 | 7 | 22 | 18 | 11 | 9 | 11 | 13 |
| Net income | 1 | 13 | 7 | 13 | 10 | 21 | 37 | 39 | 42 | 53 | 68 | 47 | 98 | 82 | 62 | 43 | 68 | 78 |
| Diluted EPS | −$0.10 | $1.04 | $0.42 | $0.87 | $0.01 | $0.01 | $1.25 | $1.30 | $1.39 | $1.49 | $1.83 | $1.29 | $2.73 | $2.31 | $1.75 | $1.24 | $1.96 | $2.08 |
| Diluted shares (average) | 8m | 11m | 15m | 15m | 15m | 25m | 30m | 30m | 30m | 35m | 37m | 36m | 36m | 35m | 35m | 35m | 34m | 37m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 57 | 58 | 57 | 66 | 66 | 78 | 84 |
| Net interest income | 53 | 54 | 54 | 55 | 57 | 58 | 69 | 75 |
| Non-interest income | 2 | 3 | 4 | 2 | 8 | 8 | 9 | 9 |
| Non-interest expense | 39 | 40 | 41 | 41 | 42 | 41 | 57 | 64 |
| Provision for credit losses | 2 | 1 | 0 | 1 | 2 | −1 | −1 | −1 |
| Income before tax | 13 | 16 | 16 | 14 | 22 | 26 | 22 | 21 |
| Income tax | 2 | 4 | 2 | 2 | 3 | 3 | 3 | 3 |
| Net income | 11 | 12 | 14 | 12 | 19 | 22 | 19 | 18 |
| Diluted EPS | $0.33 | $0.34 | $0.40 | $0.36 | $0.55 | $0.65 | $0.48 | $0.42 |
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