Heritage Financial (HFWA) Non Operating Interest Expenses (2010 - 2024)

Heritage Financial (HFWA) has reported Non Operating Interest Expenses for 15 consecutive years, with $25.5 million the latest figure, recorded in Q2 2024.

• For the quarter ending Q2 2024, Non Operating Interest Expenses rose 78.77% year-over-year to $25.5 million; the trailing twelve-month figure through Jun 2024 stood at $86.5 million (up 235.29% YoY), and the FY2023 full-year result was $59.3 million, up 634.76% from the prior year.
• Non Operating Interest Expenses improved to $25.5 million in Q2 2024 per HFWA's latest filing, from $22.8 million in the prior quarter.
• Across five years, Non Operating Interest Expenses topped out at $25.5 million in Q2 2024 and bottomed at $1.6 million in Q1 2022.
• Historically, Non Operating Interest Expenses has averaged $7.6 million across 5 years, with a median of $2.9 million in 2020.
• The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses plunged 56.93% in 2021, then jumped 878.56% in 2023.
• Over 5 years, Non Operating Interest Expenses stood at $2.2 million in 2020, then decreased by 24.39% to $1.7 million in 2021, then soared by 73.45% to $2.9 million in 2022, then jumped by 599.76% to $20.4 million in 2023, then climbed by 24.9% to $25.5 million in 2024.
• According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $25.5 million, $22.8 million, and $20.4 million for Q2 2024, Q1 2024, and Q4 2023 respectively.