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Beacon Financial vs Heritage Financial: BBT and HFWA compared
Beacon Financial is the larger company: $114M of revenue in its latest quarter (Q2 2025) against $86.5M for Heritage Financial (Q3 2026). Heritage Financial is growing faster (+32% against +5% a year earlier). Beacon Financial is more profitable, with an operating margin of 36.5% against 25.8%.
Where the money goes: BBT and HFWA
Beacon Financial (BBT) · Q2 2025
Beacon Financial, Q2 2025: revenue $114M (+5% year over year), operating margin 36.5%, net earnings $30.4M, operating cash flow $38.5M. The chart follows the revenue to costs, profit and cash.
Heritage Financial (HFWA) · Q3 2026
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.
| Beacon Financial (BBT) | Heritage Financial (HFWA) | |
|---|---|---|
| Latest quarter | Q2 2025 | Q3 2026 |
| Revenue | $114M | $86.5M |
| Revenue growth, Y/Y | +5% | +32% |
| Operating margin | 36.5% | 25.8% |
| Net earnings | $30.4M | $18.7M |
| Net margin | 26.7% | 21.6% |
| Operating cash flow | $38.5M | $30.5M |
| Free cash flow | $36.3M | $28.4M |
| Market value | — | $1.1B |
| P/E | — | 14.6× |
| Analysts’ mean target | — | $32.60 |
Where the revenue comes from
Heritage Financial
- Net interest income: $77.3M (89%)
- Noninterest income: $9.3M (11%)
Questions
Which is bigger, Beacon Financial or Heritage Financial?
Beacon Financial is the larger company: $114M of revenue in its latest quarter (Q2 2025) against $86.5M for Heritage Financial (Q3 2026).
Is Beacon Financial or Heritage Financial growing faster?
Heritage Financial is growing faster (+32% against +5% a year earlier).
Which is more profitable, Beacon Financial or Heritage Financial?
Beacon Financial is more profitable, with an operating margin of 36.5% against 25.8%.
More: Beacon Financial earnings · how Beacon Financial makes money · Heritage Financial earnings · how Heritage Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2025; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.