HFWAHeritage Financial Corporation

$864M

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$75M+31.1% YoY

Gross Profit

$66M88.5% margin

Operating Income

$25M32.9% margin

Net Income

$20M27.3% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$19M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$7.2B

Total Liabilities

$6.4B

Stockholders' Equity

$826M

Cash & Equivalents

$301M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$75M	$57M	+31.1%
Gross Profit	$66M	$59M	+12.2%
Operating Income	$25M	$23M	+5.7%
Net Income	$20M	$20M	+3.5%

HFWA Q1 2023 Earnings — Heritage Financial Corporation Revenue & Financial Results | Market Cap Arena