HFWAHeritage Financial Corporation

$849M

Q1 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$42M+2.4% YoY

Gross Profit

$40M93.9% margin

Operating Income

$12M29.4% margin

Net Income

$9M22.1% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$21M

Stock-Based Comp.

$510,000

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$3.4B

Stockholders' Equity

$489M

Cash & Equivalents

$104M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$42M	$41M	+2.4%
Gross Profit	$40M	$39M	+2.6%
Operating Income	$12M	$12M	+1.3%
Net Income	$9M	$9M	+2.5%

HFWA Q1 2017 Earnings — Heritage Financial Corporation Revenue & Financial Results | Market Cap Arena