Heritage Financial (HFWA) Revenue & Revenue Breakdown


OverviewOwnershipFinancialsChartTranscripts

Heritage Financial Revenue Highlights


Latest Revenue (Y)

$303.13M

Latest Revenue (Q)

$81.83M

Main Segment (Y)

Deposit Account

Heritage Financial Revenue by Period


Heritage Financial Revenue by Year

DateRevenueChange
2023-12-31$303.13M21.75%
2022-12-31$248.98M3.57%
2021-12-31$240.40M0.91%
2020-12-31$238.23M2.62%
2019-12-31$232.14M6.19%
2018-12-31$218.61M24.96%
2017-12-31$174.94M6.59%
2016-12-31$164.13M1.38%
2015-12-31$161.89M22.78%
2014-12-31$131.85M71.41%
2013-12-31$76.92M7.17%
2012-12-31$71.77M-1.94%
2011-12-31$73.19M20.89%
2010-12-31$60.54M20.20%
2009-12-31$50.36M6.78%
2008-12-31$47.17M4.37%
2007-12-31$45.19M3.35%
2006-12-31$43.73M7.94%
2005-12-31$40.51M5.98%
2004-12-31$38.23M3.36%
2003-12-31$36.98M1.64%
2002-12-31$36.38M11.75%
2001-12-31$32.56M12.15%
2000-12-31$29.03M5.57%
1999-12-31$27.50M34.80%
1998-06-30$20.40M-

Heritage Financial generated $303.13M in revenue during NA 2023, up 21.75% compared to the previous quarter, and up 138.66% compared to the same period a year ago.

Heritage Financial Revenue by Quarter

DateRevenueChange
2024-06-30$81.83M14.52%
2024-03-31$71.45M0.48%
2023-12-31$71.11M14.91%
2023-09-30$61.89M-1.93%
2023-06-30$63.10M-7.33%
2023-03-31$68.10M-2.28%
2022-12-31$69.69M4.42%
2022-09-30$66.74M16.95%
2022-06-30$57.06M2.85%
2022-03-31$55.48M-3.92%
2021-12-31$57.75M-3.12%
2021-09-30$59.61M-4.72%
2021-06-30$62.56M3.43%
2021-03-31$60.49M-5.10%
2020-12-31$63.74M10.11%
2020-09-30$57.89M-1.15%
2020-06-30$58.56M0.90%
2020-03-31$58.04M-0.15%
2019-12-31$58.13M-0.98%
2019-09-30$58.70M1.03%
2019-06-30$58.10M1.54%
2019-03-31$57.22M-4.21%
2018-12-31$59.73M0.94%
2018-09-30$59.18M15.32%
2018-06-30$51.32M6.06%
2018-03-31$48.38M4.69%
2017-12-31$46.22M6.53%
2017-09-30$43.38M-3.25%
2017-06-30$44.84M10.74%
2017-03-31$40.49M-1.81%
2016-12-31$41.24M-5.13%
2016-09-30$43.47M9.61%
2016-06-30$39.66M-0.22%
2016-03-31$39.75M-0.71%
2015-12-31$40.03M-3.50%
2015-09-30$41.48M5.42%
2015-06-30$39.35M-4.07%
2015-03-31$41.02M0.84%
2014-12-31$40.68M4.86%
2014-09-30$38.79M16.35%
2014-06-30$33.34M75.10%
2014-03-31$19.04M-5.10%
2013-12-31$20.06M-0.50%
2013-09-30$20.16M10.34%
2013-06-30$18.27M-0.79%
2013-03-31$18.42M5.79%
2012-12-31$17.41M-0.41%
2012-09-30$17.48M-4.33%
2012-06-30$18.27M-1.76%
2012-03-31$18.60M-4.06%
2011-12-31$19.39M6.77%
2011-09-30$18.16M-4.46%
2011-06-30$19.01M-0.35%
2011-03-31$19.07M-3.67%
2010-12-31$19.80M30.67%
2010-09-30$15.15M17.45%
2010-06-30$12.90M0.63%
2010-03-31$12.82M-1.42%
2009-12-31$13.01M2.94%
2009-09-30$12.63M0.21%
2009-06-30$12.61M4.06%
2009-03-31$12.12M0.24%
2008-12-31$12.09M-0.17%
2008-09-30$12.11M3.81%
2008-06-30$11.66M3.12%
2008-03-31$11.31M0.43%
2007-12-31$11.26M-

Heritage Financial generated $81.83M in revenue during Q2 2024, up 14.52% compared to the previous quarter, and up 120.16% compared to the same period a year ago.

Heritage Financial Revenue Breakdown


Heritage Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23
Credit and Debit Card$8.34M
Deposit Account$10.97M

Heritage Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Deposit Account (56.80%), and Credit and Debit Card (43.20%).

Quarterly Revenue by Product

Product/ServiceJun 24Mar 24Dec 23Sep 23Jun 23
Credit and Debit Card$1.93M$1.84M$3.94M$2.27M$2.12M
Deposit Account$2.82M$2.79M$5.43M$2.86M$2.68M

Heritage Financial's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Deposit Account (59.34%), and Credit and Debit Card (40.66%).

Heritage Financial Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
HTLFHeartland Financial USA$953.80M$273.70M
INDBIndependent Bank$795.73M$243.72M
HBNCHorizon Bancorp$324.30M$97.47M
HFWAHeritage Financial$303.13M$81.83M
GSBCGreat Southern Bancorp$46.29M$84.15M
HTBKHeritage Commerce$9.00K$61.25M

HFWA Revenue FAQ


Heritage Financial's yearly revenue for 2023 was $303.13M, representing an increase of 21.75% compared to 2022. The company's yearly revenue for 2022 was $248.98M, representing an increase of 3.57% compared to 2021. HFWA's yearly revenue for 2021 was $240.4M, representing an increase of 0.91% compared to 2020.

Heritage Financial's quarterly revenue for Q2 2024 was $81.83M, a 14.52% increase from the previous quarter (Q1 2024), and a 29.67% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $71.45M, a 0.48% increase from the previous quarter (Q4 2023), and a 4.92% increase year-over-year (Q1 2023). HFWA's quarterly revenue for Q4 2023 was $71.12M, a 14.91% increase from the previous quarter (Q3 2023), and a 2.04% increase year-over-year (Q4 2022).

Heritage Financial's revenue growth rate for the last 3 years (2021-2023) was 26.09%, and for the last 5 years (2019-2023) was 30.58%.

Heritage Financial's revenue streams in c 23 are Credit and Debit Card, and Deposit Account. Credit and Debit Card generated $8.34M in revenue, accounting 43.20% of the company's total revenue Deposit Account generated $10.97M in revenue, accounting 56.80% of the company's total revenue

For the fiscal year ending Dec 23, the largest source of revenue of Heritage Financial was Deposit Account. This segment made a revenue of $10.97M, representing 56.80% of the company's total revenue.