Heritage Financial Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $246.1M | $216.8M | $243.8M | $249.0M | $240.4M | $238.2M | $232.1M | $218.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $78.6M | $52.3M | $132.2M | $107.5M | $127.5M | $66.5M | $99.2M | $76.7M |
| Operating Margin | 31.9% | 24.1% | 54.2% | 43.2% | 53.1% | 27.9% | 42.7% | 35.1% |
| Interest Expense | — | — | $59.3M | $8.1M | $7.0M | $13.3M | $18.2M | $12.4M |
| Pretax Income | $78.6M | $52.3M | $72.9M | $99.4M | $120.5M | $53.2M | $81.0M | $64.3M |
| Income Tax Expense | $11.1M | $9.0M | $11.2M | $17.6M | $22.5M | $6.6M | $13.5M | $11.2M |
| Net Income | $67.5M | $43.3M | $61.8M | $81.9M | $98.0M | $46.6M | $67.6M | $53.1M |
| Net Margin | 27.4% | 19.9% | 25.3% | 32.9% | 40.8% | 19.5% | 29.1% | 24.3% |
| EPS (Basic) | $1.99 | $1.26 | $1.76 | $2.33 | $2.75 | $1.29 | $1.84 | $1.49 |
| EPS (Diluted) | $1.96 | $1.24 | $1.75 | $2.31 | $2.73 | $1.29 | $1.83 | $1.49 |
| Shares Outstanding (Basic) | 34.0M | 34.5M | 35.0M | 35.1M | 35.7M | 36.0M | 36.8M | 35.2M |
| Shares Outstanding (Diluted) | 34.5M | 34.9M | 35.3M | 35.5M | 36.0M | 36.2M | 37.0M | 35.4M |
| Dividends Per Share | $0.96 | $0.92 | $0.88 | $0.84 | $0.81 | $0.80 | $0.84 | $0.72 |