Heritage Financial Corporation (HFWA) financial statements (2021 and earlier)

Company profile

Business Address 201 FIFTH AVENUE S.W.
OLYMPIA, WA 98501
State of Incorp. WA
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments743229162103104127122
Cash and cash equivalents743229162103104127122
Total current assets:743229162103104127122
Noncurrent Assets
Operating lease, right-of-use asset18 
Property, plant and equipment85888160646265
Intangible assets, net (including goodwill)254258262125126128130
Goodwill241241241119119119119
Intangible assets, net (excluding goodwill)13172167911
Total noncurrent assets:357345343185190190195
Other undisclosed assets5,5154,9794,8123,8253,5853,3343,141
TOTAL ASSETS:6,6155,5535,3174,1133,8793,6513,458
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt362031322223 
Total current liabilities:362031322223 
Noncurrent Liabilities
Liabilities, other than long-term debt5451324018  
Qualified affordable housing project investments, commitment5451324018 
Total noncurrent liabilities:5451324018  
Other undisclosed liabilities5,7054,6734,4933,5333,3573,1583,003
Total liabilities:5,7954,7444,5563,6053,3973,1813,003
Stockholders' equity
Stockholders' equity attributable to parent820809761508482470455
Common stock571586592361359359365
Accumulated other comprehensive income (loss)2510(7)(1)(3)33
Retained earnings22421217614912510886
Total stockholders' equity:820809761508482470455
TOTAL LIABILITIES AND EQUITY:6,6155,5535,3174,1133,8793,6513,458

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues221221202174161159 
Net investment income214218199148139136 
Cost of revenue(36)(4)(5)(4)(5)(4)(5)
Provision for loan, lease, and other losses(36)(4) 
Financial services costs(5)(4)(5)(4)(5)
Gross profit:185216197169156154(5)
Operating expenses(45)(43)(133)(97)(92)(90)(70)
Operating income (loss):14017364736464(75)
Nonoperating income4     0
Bank owned life insurance income4     0
Interest and debt expense(13)(18)(12)(8)(6)(6)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(78)(74)13(4)(5)(7)108
Income from continuing operations before income taxes:53816460535128
Income tax expense(7)(13)(11)(18)(14)(14)(7)
Net income available to common stockholders, diluted:47685342393721

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:47685342393721
Other comprehensive income     0 
Comprehensive income:47685342393821
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1518(6)2(5)(1)5
Comprehensive income, net of tax, attributable to parent:61854743343726

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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