HFWA at a glance
HERITAGE FINANCIAL CORP /WA/ (HFWA, SEC CIK 1046025) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on July 23, 2026 and Form 4 insider filings as recently as September 15, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), HERITAGE FINANCIAL CORP /WA/ (HFWA) reported revenue of $314.2 million (up 1.5% from FY2024) and net income of $67.5 million. Diluted EPS was $1.96.
- The most recent insider open-market sale reported on Form 4 was by Rivera Frederick B on September 15, 2026 of 1,300 shares at $28.57 per share.
- In the last 90 days, HFWA insiders reported 0 open-market purchases ($0) and 6 open-market sales ($1.1M) on Form 4, a net sale of $1.1M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $314.2M
- +1.5% vs prior year
- Insiders · 90 days
- 0 buys · 6 sells
- Net −$1.1M
- Latest 8-K
- Jul 23, 2026
- Item 2.02 · Item 7.01 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Commercial and consumer lending with focus on owner and non-owner occupied commercial real estate
- No new products but emphasis on non-hedge interest rate swap contracts on $258.7 million commercial loans
- Strategic shift: Increase in money market and interest bearing demand deposits by $168M and $163M, decreasing certificates of deposit by $39M
- Nonaccrual loans surged 414% to $20.98 million, primarily from residential and commercial construction loan migrations
- Stockholders' equity rose 6.7% to $921.5 million driven by $67.5 million net income and improved investment securities fair value
Risk Factors
- Regulatory risk: FDIC scrutiny on uninsured deposits could increase costs and deposit outflows, impacting liquidity stability
- Macroeconomic risk: 79.3% loan portfolio real estate collateral exposed to regional downturns in WA, OR, ID markets
- Operational risk: Concentration of 6.5% of loans in 10 largest borrowing relationships increases credit risk if any default
- Competitive risk: Pressure to match interest rates of competitors may reduce ability to maintain core deposit base
- Financial risk: The Company depends on Bank dividends for cash flow; regulatory limits on dividends may impair debt servicing
Management Discussion & Analysis
- Revenue: Net income $67.5M in 2025, up $24.3M (56.1%) YoY; net interest income increased $15.0M to $224.4M from $209.4M
- Profitability: Net interest margin 3.58% in 2025 vs 3.31% in 2024; effective tax rate down to 14.1% from 17.2%
- Best segment: Noninterest income up 190.8% to $21.7M driven by lower investment securities losses and BOLI income; Worst segment: Real estate construction loans down 28.4% ($136.1M)
- Cash flow & capital allocation: Deposits up $235.6M (4.1%); borrowings down $363M (94.8%); no specific buybacks/dividends mentioned; capex $3.1M increase in premises and equipment
- Outlook/risks: Strategic repositioning of investment portfolio with $152.4M securities sold; acquisition of Olympic Bancorp in 2026; sensitive to interest rate fluctuations and economic conditions
AI summary of the HFWA 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly net income $17.5M, up 43.6% from $12.2M YoY
- Net interest income $74.8M vs $55.0M; net interest margin 3.99% vs 3.51%
- Best performer loans receivable interest income $81.9M vs $65.4M; loan yield 5.72% vs 5.50%
- Provision reversal $921,000 vs $956,000 provision YoY, reflecting lower expected losses
- Noninterest income $9.3M vs $1.5M, driven by smaller securities loss of $217,000 vs $6.9M
Risk Factors
- Risk Factors section not provided; no quarter-specific changes identifiable
- Repurchase program reduced remaining authorization to 424,489 shares after 374,704 quarterly repurchases
- 2,361 shares withheld for vested restricted-stock-unit taxes outside the public repurchase program
- No director or executive officer adopted or terminated Rule 10b5-1 trading arrangements during the quarter
AI summary of the HFWA 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Second-quarter 2026 results announced July 23, 2026
- Detailed financial results and management commentary contained in Exhibit 99.1
Item 7.01: Regulation FD Disclosure
- Investor presentation furnished under Reg FD for Heritage’s July 23, 2026 earnings conference call
- Exhibit 99.2 contains management’s presentation materials and additional earnings-call context
Item 8.01: Other Events
- Regular quarterly cash dividend of $0.25 per common share
- August 5, 2026 record date for eligible shareholders
Item EX-99.1: Item EX-99.1
- Q2 net income $17.5M, or $0.42 diluted EPS, down from $18.9M and $0.48 in Q1
- Adjusted diluted EPS $0.57 versus $0.59 in Q1, with $7.5M merger-related expenses pressuring reported earnings
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 11 director nominees elected for one-year terms expiring at the 2027 annual meeting
- Director support exceeded 32.6 million FOR votes, indicating strong shareholder approval
Item 8.01: Other Events
- Quarterly cash dividend of $0.24 per common share
- May 6, 2026 record date for eligible shareholders
Item 2.02: Results of Operations and Financial Condition
- First-quarter 2026 results announced April 23, 2026
- Detailed financial results and management commentary contained in Exhibit 99.1
Item 7.01: Regulation FD Disclosure
- Investor presentation reviewed during Heritage’s April 23, 2026 earnings release conference call
- Exhibit 99.2 provides supplemental management materials for investors
Item EX-99.1: Item EX-99.1
- Q1 2026 net income $18.9M, or $0.48 diluted EPS, down from $22.2M and $0.65 sequentially
- Adjusted diluted EPS $0.59, reflecting merger-related costs from Olympic Bancorp acquisition
AI summaries of HFWA 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for HFWA
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Rivera Frederick B | Sell | Sep 15, 2026 | 1,300 | $28.57 |
| CHARNESKI BRIAN | Sell | Sep 3, 2026 | 13,675 | $29.18 |
| Ray Matthew T. | Sell | Aug 13, 2026 | 3,692 | $30.10 |
| Chalfant Tony | Sell | Aug 5, 2026 | 3,234 | $29.92 |
| LYON JEFFREY S | Sell | Aug 5, 2026 | 10,000 | $30.00 |
| Wilson Kelli Ann | Sell | Jul 30, 2026 | 3,778 | $29.69 |
| Glasby William | M | Jul 17, 2026 | 301 | $30.52 |
| Glasby William | M | Jul 17, 2026 | 301 | $30.52 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $284.5M | $309.7M | $314.2M |
| Net Income | $61.8M | $43.3M | $67.5M |
| Net Margin | 21.7% | 14.0% | 21.5% |
| Balance Sheet | |||
| Total Assets | $7.2B | $7.1B | $7.0B |
| Equity | $853.3M | $863.5M | $921.5M |
| ROE | 7.2% | 5.0% | 7.3% |
| Per Share | |||
| EPS | - | $1.24 | $1.96 |
| Cash Flow | |||
| Operating CF | $109.5M | $64.5M | $94.8M |
| CapEx | $10.4M | $3.5M | $9.2M |
Source: XBRL data in HERITAGE FINANCIAL CORP /WA/ (HFWA)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
HFWA filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Jul 30, 2026 | - | - | - |
| 8-K | Jul 23, 2026 | - | Analysis | - |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 10, 2026 | - | - | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 8, 2026 | - | Analysis | |
| 4 | May 4, 2026 | - | - | - |
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HFWA SEC filings: frequently asked questions
Are HFWA insiders buying or selling?
In the last 90 days, HERITAGE FINANCIAL CORP /WA/ (HFWA) officers, directors and 10% owners reported no open-market purchases and 6 open-market sales worth $1.1 million by 6 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
What was HFWA's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), HERITAGE FINANCIAL CORP /WA/ (HFWA) reported revenue of $314.2 million (up 1.5% from FY2024) and net income of $67.5 million. Diluted EPS was $1.96. The figures come from the XBRL data in the 10-K.
What are the main risks in HFWA's latest 10-K?
In the 10-K filed February 27, 2026, HERITAGE FINANCIAL CORP /WA/ (HFWA) flagged: Regulatory risk: FDIC scrutiny on uninsured deposits could increase costs and deposit outflows, impacting liquidity stability. Macroeconomic risk: 79.3% loan portfolio real estate collateral exposed to regional downturns in WA, OR, ID markets. (AI summary of the Risk Factors section.)
What did HFWA report in its latest 8-K?
HERITAGE FINANCIAL CORP /WA/ (HFWA) filed an 8-K on July 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure) and Item 8.01 (Other Events). Second-quarter 2026 results announced July 23, 2026.
What are the latest HFWA SEC filings?
HERITAGE FINANCIAL CORP /WA/ (HFWA) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on July 23, 2026 and a Form 4 insider filing on September 15, 2026.
What is HFWA's SEC CIK number?
HERITAGE FINANCIAL CORP /WA/ (HFWA)'s SEC Central Index Key (CIK) is 1046025. EDGAR lists every HFWA filing under that number.
Ask anything about HFWA
The research agent reads HFWA's filings, financials, insider trades and 13F holders, then answers with sources.