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.

Revenue
+24.6%
EPS
−17.9%
Free cash flow
+0.66%
Total debt
−9.86%

Quarter to September 2026, against a year earlier

28.40 0.16 −0.56%
Market cap
$1.2B
P/E
14.1×
Fwd P/E
14.6×
Dividend yield
3.43%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Heritage Financial Corporation (HFWA) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Heritage Financial Corporation (HFWA) trades at a P/E ratio of 14.1×. Over the past ten years it has ranged from 6.5× (May 2023) to 28.5× (July 2018); the current reading is higher than 37% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.2×.

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
Sep 2026 13.6× (2.12%)
Jun 2026 13.9× 10.71%
Mar 2026 12.6× 5.69%
Dec 2025 11.9× (17.46%)
43 more quarters

Against its own ten years

Low 6.5× High 28.5×
Ten-year median 15.4×
Current reading's percentile 40

P/E ratio against peers

Company P/E ratio
HBNC Horizon Bancorp (IN) compare n/m
PFBC Preferred Bank compare 9.4×
NBN Northeast Bancorp compare 9.7×
MCB Metropolitan Bank Holding Corp. compare 11.9×
UVSP Univest Corporation of Pennsylvania compare 11.9×
FSBC Five Star Bancorp compare 12.4×
CFFN Capitol Federal Financial compare 13.1×
HFWA Heritage Financial Corporation 14.1×
AMTB Amerant Bancorp Inc. compare 17.3×
Banks Regional industry median 12.0×
Financial sector median 12.2×
Market median 17.9×

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)

The full definition of P/E ratio →

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