HFWA FY 2023 Earnings — Heritage Financial Corporation Revenue & Financial Results | Market Cap Arena

HFWAHeritage Financial Corporation

$864M

FY 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$303M+17.9% YoY

Gross Profit

$240M79.0% margin

Operating Income

$73M24.1% margin

Net Income

$62M20.4% margin

EPS (Diluted)

$1.75

Cash Flow

Operating Cash Flow

$110M

Free Cash Flow

$99M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$7.2B

Total Liabilities

$6.3B

Stockholders' Equity

$853M

Cash & Equivalents

$225M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$303M	$257M	+17.9%
Gross Profit	$240M	$250M	-4.3%
Operating Income	$73M	$99M	-26.7%
Net Income	$62M	$82M	-24.6%