HFWA Q1 2024 Earnings — Heritage Financial Corporation Revenue & Financial Results | Market Cap Arena

HFWAHeritage Financial Corporation

$864M

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$71M-4.6% YoY

Gross Profit

$47M66.1% margin

Operating Income

$7M9.6% margin

Net Income

$6M8.0% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$12M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$6.2B

Stockholders' Equity

$848M

Cash & Equivalents

$190M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$71M	$75M	-4.6%
Gross Profit	$47M	$66M	-28.7%
Operating Income	$7M	$25M	-72.2%
Net Income	$6M	$20M	-71.9%

Revenue Segments

Deposit Account

$3M60%

Credit and Debit Card

$2M40%