HFWA Q2 2023 Earnings — Heritage Financial Corporation Revenue & Financial Results | Market Cap Arena

HFWAHeritage Financial Corporation

$864M

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$77M+31.7% YoY

Gross Profit

$61M79.1% margin

Operating Income

$20M25.7% margin

Net Income

$17M21.8% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$23M

Stock-Based Comp.

$985,000

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$6.3B

Stockholders' Equity

$820M

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$77M	$59M	+31.7%
Gross Profit	$61M	$58M	+5.0%
Operating Income	$20M	$23M	-11.9%
Net Income	$17M	$19M	-9.4%

Revenue Segments

Deposit Account

$3M56%

Credit and Debit Card

$2M44%