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Heritage Financial vs NB Bancorp: HFWA and NBBK compared
Heritage Financial is the larger company: $86.5M of revenue in its latest quarter (Q3 2026) against $76.5M for NB Bancorp (Q3 2026). NB Bancorp is growing faster (+48% against +32% a year earlier). NB Bancorp is more profitable, with an operating margin of 37.9% against 25.8%.
Where the money goes: HFWA and NBBK
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.
NB Bancorp (NBBK) · Q3 2026
NB Bancorp, Q3 2026: revenue $76.5M (+48% year over year), operating margin 37.9%, net earnings $23.1M, operating cash flow $70.2M. The chart follows the revenue to costs, profit and cash.
| Heritage Financial (HFWA) | NB Bancorp (NBBK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $86.5M | $76.5M |
| Revenue growth, Y/Y | +32% | +48% |
| Operating margin | 25.8% | 37.9% |
| Net earnings | $18.7M | $23.1M |
| Net margin | 21.6% | 30.2% |
| Operating cash flow | $30.5M | $70.2M |
| Free cash flow | $28.4M | $67.2M |
| 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%)
NB Bancorp
- Net interest income: $71.4M (93%)
- Noninterest income: $5.1M (7%)
Questions
Which is bigger, Heritage Financial or NB Bancorp?
Heritage Financial is the larger company: $86.5M of revenue in its latest quarter (Q3 2026) against $76.5M for NB Bancorp (Q3 2026).
Is Heritage Financial or NB Bancorp growing faster?
NB Bancorp is growing faster (+48% against +32% a year earlier).
Which is more profitable, Heritage Financial or NB Bancorp?
NB Bancorp is more profitable, with an operating margin of 37.9% against 25.8%.
More: Heritage Financial earnings · how Heritage Financial makes money · NB Bancorp earnings · how NB Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.