HFWA Q3 2023 Earnings — Heritage Financial Corporation Revenue & Financial Results | Market Cap Arena

HFWAHeritage Financial Corporation

$864M

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$80M+16.3% YoY

Gross Profit

$63M78.7% margin

Operating Income

$22M27.3% margin

Net Income

$18M22.8% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$27M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$7.2B

Total Liabilities

$6.3B

Stockholders' Equity

$814M

Cash & Equivalents

$221M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$69M	+16.3%
Gross Profit	$63M	$65M	-3.1%
Operating Income	$22M	$26M	-15.0%
Net Income	$18M	$21M	-13.2%

Revenue Segments

Deposit Account

$3M56%

Credit and Debit Card

$2M44%