HERITAGE FINANCIAL CORP
Heritage Financial Corporation (Nasdaq: HFWA) operates as a bank holding company primarily engaged in commercial banking through its wholly-owned subsidiary, Heritage Bank. The company's website is www.hf-wa.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What HERITAGE FINANCIAL CORP does
In the company’s own words
Heritage Financial Corporation (Nasdaq: HFWA) operates as a bank holding company primarily engaged in commercial banking through its wholly-owned subsidiary, Heritage Bank. The company's website is www.hf-wa.com.
Heritage Bank, established in 1927 and headquartered in Olympia, Washington, conducts retail and commercial banking operations across Washington State, the greater Portland and Eugene areas of Oregon, and Boise, Idaho. The bank also operates under the Whidbey Island Bank name on Whidbey Island, Washington. In January 2026, Heritage completed its acquisition of Olympic Bancorp, Inc. and its subsidiary Kitsap Bank, adding sixteen branch offices operating under the Kitsap Bank division name.
The company's business consists primarily of commercial lending and deposit relationships with small and medium-sized businesses and their owners. Commercial business lending represents the largest portion of the loan portfolio at approximately 81.7 percent of total loans receivable, including lines of credit, term equipment financing, and commercial real estate loans. Real estate construction and land development loans comprise 7.2 percent of the portfolio, residential real estate loans represent 7.5 percent, and consumer loans account for 3.6 percent.
Heritage's retail banking operations offer a comprehensive range of deposit products including noninterest demand deposits, interest-bearing demand deposits, money market accounts, savings accounts, and certificates of deposit. The company emphasizes relationship banking with commercial customers while maintaining strong deposit gathering capabilities, with non-maturity deposits representing 84.1 percent of total deposits as of December 31, 2025.
As of December 31, 2025, Heritage maintained total investment securities of approximately 1.28 billion dollars and cash equivalents of 233.1 million dollars. The company's regulatory capital ratios exceeded well-capitalized status requirements established by federal banking agencies. Heritage's strategic focus centers on geographic expansion through disciplined acquisitions, maintaining strong asset quality through rigorous credit underwriting, preserving balance sheet strength, growing deposits with emphasis on relationship banking, and recruiting and retaining competent personnel to execute growth strategies.
Company details
- Sector
- Financials
- Industry
- Banks & Brokers
- Headquarters
- OLYMPIA, WA
- Fiscal year end
- December
- CIK
- 1046025
- SIC
- 6036
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns HERITAGE FINANCIAL CORP — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · HERITAGE FINANCIAL CORP’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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