Filing Flows › Heritage Financial (HFWA) › Q3 2026 › vs Q3 2025
Heritage Financial (HFWA) Q3 2026 vs Q3 2025 (year over year)
Heritage Financial's revenue rose $20.8M (+32%) from $65.7M in Q3 2025 to $86.5M in Q3 2026. The biggest changes: Net interest income +$19.9M (+35%); Noninterest income +$928K (+11%). Operating margin 25.8% against 34.0% (-8.2 pts).
Heritage Financial, Q3 2026: revenue $86.5M (+32% year over year), operating margin 25.8%, net earnings $18.7M, operating cash flow $30.5M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 25.8% | 34.0% | -8.2 pts |
| Net margin | 21.6% | 29.2% | -7.5 pts |
| Free cash flow margin | 32.8% | 37.1% | -4.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $77.3M | $57.4M | $19.9M | +35% |
| Noninterest income | $9.3M | $8.3M | $928K | +11% |
| Revenue | $86.5M | $65.7M | $20.8M | +32% |
| Operating profit | $22.3M | $22.3M | −$23K | -0.1% |
| Costs & expenses | $64.2M | $43.4M | $20.8M | +48% |
| Pre-tax earnings | $22.3M | $22.3M | −$23K | -0.1% |
| Credit loss provision | $2.3M | $1.8M | $496K | +28% |
| Noninterest expense | $62.0M | $41.6M | $20.3M | +49% |
| Net earnings | $18.7M | $19.2M | −$449K | -2% |
| Income tax | $3.6M | $3.1M | $426K | +14% |
| Working capital & other | $11.7M | $5.9M | $5.9M | +100% |
| Operating cash flow | $30.5M | $25.1M | $5.4M | +21% |
| Free cash flow (OCF − capex) | $28.4M | $24.4M | $4.0M | +16% |
| Capital expenditures | $2.1M | $678K | $1.4M | +205% |
Questions
How much did Heritage Financial's revenue grow year over year in Q3 2026?
Heritage Financial's revenue rose $20.8M (+32%) from $65.7M in Q3 2025 to $86.5M in Q3 2026.
What drove Heritage Financial's revenue change in Q3 2026?
Net interest income +$19.9M (+35%); Noninterest income +$928K (+11%).