Filing Flows › Heritage Financial (HFWA) › Q3 2026
Heritage Financial (HFWA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Heritage Financial (HFWA) reported revenue of $86.5M for the third quarter 2026 (Q3 2026), +32% from a year earlier and +3% from the quarter before. Operating margin was 25.8%, net earnings $18.7M (21.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.5M | +3% | +32% |
| Operating profit | $22.3M | +8% | -0.1% |
| Net earnings | $18.7M | +7% | -2% |
| Operating cash flow | $30.5M | +32% | +21% |
| Free cash flow | $28.4M | +35% | +16% |
What changed
Revenue was $86.5M in Q3 2026, up 32% year over year and up 3% from the previous quarter. Net interest income was the largest line at 89% of revenue. Net interest income added $19.9M year over year (up 35%), 96% of the total change.
Operating profit was $22.3M, a 25.8% margin (down 8.2 points year over year). Operating profit fell $23K even though revenue rose $20.8M versus a year earlier, so costs grew faster than sales. Total costs grew 48% against revenue growth of 32%. The fastest-growing cost line was Noninterest expense (+49%). Net earnings were $18.7M, down 2% year over year. The effective tax rate was 16.0%.
Operating cash flow was $30.5M (up 21% year over year), 163% of net earnings. Working capital and other items added $11.7M. Capital expenditures of $2.1M left free cash flow of $28.4M.
Questions
What was Heritage Financial's revenue in the third quarter 2026?
Heritage Financial (HFWA) reported revenue of $86.5M for the third quarter 2026 (Q3 2026), +32% from a year earlier and +3% from the quarter before.
Was Heritage Financial profitable in the third quarter 2026?
Operating profit was $22.3M (25.8% of revenue) and net earnings $18.7M.
Source: Heritage Financial 10-Q on SEC EDGAR.