Heritage Historical Income Statement

HFWA Stock

USD 26.17 0.03 0.11%

Historical analysis of Heritage Financial income statement accounts such as Selling General Administrative of 108.6 M or Selling And Marketing Expenses of 1.6 M can show how well Heritage Financial performed in making a profits. Evaluating Heritage Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Heritage Financial's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Heritage Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Heritage Financial is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.

About Heritage Income Statement Analysis

Heritage Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Heritage Financial shareholders. The income statement also shows Heritage investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Heritage Financial Income Statement Chart

At present, Heritage Financial's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 108.6 M, whereas Depreciation And Amortization is forecasted to decline to about 5.2 M.

Selling General Administrative Selling And Marketing Expenses Total Revenue Ebitda Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Heritage Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Heritage Financial. It is also known as Heritage Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Heritage Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Heritage Financial is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Heritage Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Heritage Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.At present, Heritage Financial's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 108.6 M, whereas Depreciation And Amortization is forecasted to decline to about 5.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	7.0M	8.1M	59.3M	62.3M
Depreciation And Amortization	8.4M	8.2M	5.6M	5.2M

Interest Expense Depreciation And Amortization

Heritage Financial income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Ebit	Ebitda	Income Before Tax	Net Income	Income Tax Expense	Gross Profit	Other Operating Expenses	Operating Income	Cost Of Revenue	Total Operating Expenses	Total Other Income Expense Net	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Non Recurring	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		-0.18	0.37	0.61	0.35	0.16	0.32	0.27	0.25	0.32	0.35	0.17	0.31	0.04	0.18	-0.16	0.25	0.14	0.09	0.05	0.18	-0.06	-0.17
Interest Expense	-0.18		0.53	-0.12	0.48	0.33	0.09	0.31	0.36	-0.04	0.48	0.78	0.11	0.15	0.75	0.62	0.26	0.11	0.54	0.65	-0.93	-0.35	0.93
Selling General Administrative	0.37	0.53		0.6	0.98	0.75	0.67	0.85	0.87	0.62	0.98	0.92	0.76	0.56	0.41	0.6	0.82	0.58	0.86	0.83	-0.43	-0.51	0.42
Selling And Marketing Expenses	0.61	-0.12	0.6		0.56	0.33	0.46	0.39	0.37	0.48	0.55	0.38	0.45	0.32	-0.08	0.41	0.37	0.27	0.27	0.23	0.22	0.06	-0.18
Total Revenue	0.35	0.48	0.98	0.56		0.73	0.67	0.9	0.91	0.66	1.0	0.9	0.82	0.6	0.38	0.51	0.87	0.63	0.9	0.86	-0.38	-0.62	0.37
Ebit	0.16	0.33	0.75	0.33	0.73		0.94	0.88	0.86	0.82	0.73	0.55	0.82	0.37	0.23	0.62	0.84	0.85	0.67	0.63	-0.27	-0.19	0.26
Ebitda	0.32	0.09	0.67	0.46	0.67	0.94		0.83	0.8	0.88	0.67	0.4	0.88	0.39	0.07	0.47	0.83	0.8	0.6	0.57	0.04	-0.12	0.1
Income Before Tax	0.27	0.31	0.85	0.39	0.9	0.88	0.83		1.0	0.86	0.9	0.68	0.95	0.53	0.29	0.42	0.99	0.86	0.85	0.78	-0.24	-0.59	0.23
Net Income	0.25	0.36	0.87	0.37	0.91	0.86	0.8	1.0		0.81	0.92	0.71	0.94	0.56	0.3	0.41	0.99	0.81	0.89	0.82	-0.28	-0.63	0.27
Income Tax Expense	0.32	-0.04	0.62	0.48	0.66	0.82	0.88	0.86	0.81		0.66	0.34	0.9	0.33	0.1	0.32	0.83	0.93	0.52	0.44	0.09	-0.29	-0.03
Gross Profit	0.35	0.48	0.98	0.55	1.0	0.73	0.67	0.9	0.92	0.66		0.9	0.82	0.6	0.38	0.51	0.87	0.63	0.9	0.86	-0.38	-0.63	0.37
Other Operating Expenses	0.17	0.78	0.92	0.38	0.9	0.55	0.4	0.68	0.71	0.34	0.9		0.53	0.49	0.59	0.61	0.63	0.36	0.84	0.86	-0.68	-0.59	0.67
Operating Income	0.31	0.11	0.76	0.45	0.82	0.82	0.88	0.95	0.94	0.9	0.82	0.53		0.56	0.12	0.31	0.98	0.81	0.8	0.73	0.03	-0.53	0.1
Cost Of Revenue	0.04	0.15	0.56	0.32	0.6	0.37	0.39	0.53	0.56	0.33	0.6	0.49	0.56		-0.13	0.21	0.57	0.31	0.64	0.6	0.0	-0.42	0.09
Total Operating Expenses	0.18	0.75	0.41	-0.08	0.38	0.23	0.07	0.29	0.3	0.1	0.38	0.59	0.12	-0.13		0.27	0.21	0.2	0.32	0.41	-0.75	-0.41	0.75
Total Other Income Expense Net	-0.16	0.62	0.6	0.41	0.51	0.62	0.47	0.42	0.41	0.32	0.51	0.61	0.31	0.21	0.27		0.36	0.38	0.42	0.48	-0.51	0.14	0.51
Net Income From Continuing Ops	0.25	0.26	0.82	0.37	0.87	0.84	0.83	0.99	0.99	0.83	0.87	0.63	0.98	0.57	0.21	0.36		0.8	0.88	0.81	-0.15	-0.61	0.21
Tax Provision	0.14	0.11	0.58	0.27	0.63	0.85	0.8	0.86	0.81	0.93	0.63	0.36	0.81	0.31	0.2	0.38	0.8		0.5	0.42	-0.14	-0.31	0.05
Net Interest Income	0.09	0.54	0.86	0.27	0.9	0.67	0.6	0.85	0.89	0.52	0.9	0.84	0.8	0.64	0.32	0.42	0.88	0.5		0.98	-0.38	-0.73	0.47
Interest Income	0.05	0.65	0.83	0.23	0.86	0.63	0.57	0.78	0.82	0.44	0.86	0.86	0.73	0.6	0.41	0.48	0.81	0.42	0.98		-0.44	-0.68	0.62
Non Recurring	0.18	-0.93	-0.43	0.22	-0.38	-0.27	0.04	-0.24	-0.28	0.09	-0.38	-0.68	0.03	0.0	-0.75	-0.51	-0.15	-0.14	-0.38	-0.44		0.31	-0.8
Reconciled Depreciation	-0.06	-0.35	-0.51	0.06	-0.62	-0.19	-0.12	-0.59	-0.63	-0.29	-0.63	-0.59	-0.53	-0.42	-0.41	0.14	-0.61	-0.31	-0.73	-0.68	0.31		-0.31
Extraordinary Items	-0.17	0.93	0.42	-0.18	0.37	0.26	0.1	0.23	0.27	-0.03	0.37	0.67	0.1	0.09	0.75	0.51	0.21	0.05	0.47	0.62	-0.8	-0.31

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Heritage Financial Account Relationship Matchups

Heritage Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	8.7M	9.0M	8.4M	8.2M	5.6M	5.2M
Interest Expense	18.2M	13.3M	7.0M	8.1M	59.3M	62.3M
Selling General Administrative	101.3M	89.9M	90.9M	94.1M	103.4M	108.6M
Selling And Marketing Expenses	3.5M	3.1M	2.1M	1.6M	1.9M	1.6M
Total Revenue	232.1M	238.2M	240.4M	249.0M	239.5M	251.5M
Ebit	90.5M	87K	93.5M	94.4M	72.9M	76.6M
Ebitda	99.2M	9.1M	101.9M	102.5M	78.5M	39.8M
Income Before Tax	81.0M	53.2M	120.5M	99.4M	72.9M	76.6M
Net Income	67.6M	46.6M	98.0M	81.9M	61.8M	64.8M
Income Tax Expense	13.5M	6.6M	22.5M	17.6M	11.2M	8.2M
Gross Profit	232.1M	238.2M	240.4M	249.0M	239.5M	251.5M
Other Operating Expenses	168.9M	198.6M	127.0M	157.6M	243.8M	256.0M
Operating Income	81.0M	53.2M	120.5M	99.4M	72.9M	37.2M
Total Operating Expenses	33.4M	34.6M	38.3M	37.8M	243.8M	256.0M
Total Other Income Expense Net	81.0M	(13.2M)	11.6M	(19.5M)	72.9M	76.6M
Net Income Applicable To Common Shares	67.6M	46.6M	98.0M	81.9M	94.2M	98.9M
Net Income From Continuing Ops	67.6M	46.6M	98.0M	81.9M	61.8M	49.6M
Tax Provision	13.5M	6.6M	22.5M	17.6M	11.2M	14.9M
Net Interest Income	199.7M	201.0M	205.8M	219.4M	225.2M	193.1M
Interest Income	217.9M	214.3M	212.8M	227.5M	284.5M	208.9M
Reconciled Depreciation	12.2M	(87K)	3.1M	2.8M	5.6M	5.6M

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When determining whether Heritage Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Heritage Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Heritage Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heritage Financial Stock:

How To Invest In Heritage

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Is Heritage Stock a good investment?

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What is Heritage Financial's Net Worth?

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For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Financial. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.35)

Dividend Share

0.91

Earnings Share

1.08

Revenue Per Share

5.885

Quarterly Revenue Growth

(0.17)

The market value of Heritage Financial is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Financial's value that differs from its market value or its book value, called intrinsic value, which is Heritage Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Financial's market value can be influenced by many factors that don't directly affect Heritage Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Heritage Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Heritage Historical Income Statement

About Heritage Income Statement Analysis

Heritage Financial Income Statement Chart

Total Revenue

Other Operating Expenses

Operating Income

Heritage Financial income statement Correlations

Heritage Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Financial income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Net Income	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Net Income
Total Revenue	+ 0.98	Selling General Administrative
Gross Profit	+ 0.98	Selling General Administrative

Non Recurring	- 0.93	Interest Expense
Extraordinary Items	- 0.8	Non Recurring
Non Recurring	- 0.75	Total Operating Expenses
Reconciled Depreciation	- 0.73	Net Interest Income
Reconciled Depreciation	- 0.68	Interest Income
Non Recurring	- 0.68	Other Operating Expenses