Heritage Financial Corporation
HFWA Financial Banks Regional
Heritage Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $336.0 million, up 5.92% from fiscal 2024. In the quarter to June 2026, revenue grew 33.7%, EPS grew 16.7%, free cash flow was flat and total debt fell 33.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three; insiders bought in the last twelve months.
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Heritage Financial Corporation (HFWA) P/E ratio
As of 16 October 2026, Heritage Financial Corporation (HFWA) trades at a P/E ratio of 12.9×. Over the past ten years it has ranged from 6.5× (May 2023) to 28.5× (July 2018); the current reading is higher than 27% of that period. That is above the Banks Regional industry median of 12.0× and in line with the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.9× | (38.88%) |
| FY2024 | 19.4× | 61.81% |
| FY2023 | 12.0× | (7.87%) |
| FY2022 | 13.0× | 46.76% |
| FY2021 | 8.9× | (50.99%) |
| FY2020 | 18.1× | 17.89% |
| FY2019 | 15.4× | (22.89%) |
| FY2018 | 19.9× | (8.07%) |
| FY2017 | 21.7× | 8.90% |
| FY2016 | 19.9× | 32.19% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 13.9× | 10.71% |
| Mar 2026 | 12.6× | 5.69% |
| Dec 2025 | 11.9× | (17.46%) |
| Sep 2025 | 14.4× | (12.42%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| PFBC Preferred Bank compare | 9.4× |
| NBN Northeast Bancorp compare | 9.7× |
| MCB Metropolitan Bank Holding Corp. compare | 10.9× |
| BFST Business First Bancshares, Inc. compare | 11.1× |
| UVSP Univest Corporation of Pennsylvania compare | 11.8× |
| CFFN Capitol Federal Financial compare | 12.6× |
| FSBC Five Star Bancorp compare | 12.7× |
| HFWA Heritage Financial Corporation | 12.9× |
| AMTB Amerant Bancorp Inc. compare | 20.7× |
| Banks Regional industry median | 12.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)