Heritage Financial Corp /Wa/ (HFWA) Operating Expenses (2010 - 2026)
Heritage Financial (HFWA) recorded Operating Expenses of $64.32 million in Q2 2026, up 56.6% from $41.09 million a year earlier and up 13.7% from the prior quarter.
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Analysis
Heritage Financial Corp /Wa/ (HFWA) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Heritage Financial's Operating Expenses came in at $203.97 million as of Jun 30, 2026, up 26.5% year-over-year; for FY2025, it was $165.57 million, up 4.6% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 2.1% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $158.3 million in FY2024 (-5.0%), $166.62 million in FY2023 (+10.4%), $150.97 million in FY2022 (+1.1%) and $149.27 million in FY2021 (+0.2%).
- The Q2 2026 figure is the highest quarterly Operating Expenses in data going back to Q2 2010.
- On a year-over-year basis, Operating Expenses has increased for six consecutive quarters, with growth averaging 12.5% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 56.6% in Q2 2026, against a decline of 7.5% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $56.55 million (Q1 2026), $41.48 million (Q4 2025) and $41.62 million (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.32 Mn |
| Mar 31, 2026 | 56.55 Mn |
| Dec 31, 2025 | 41.48 Mn |
| Sep 30, 2025 | 41.62 Mn |
| Jun 30, 2025 | 41.09 Mn |
| Mar 31, 2025 | 41.38 Mn |
| Dec 31, 2024 | 39.54 Mn |
| Sep 30, 2024 | 39.29 Mn |
| Jun 30, 2024 | 39.10 Mn |
| Mar 31, 2024 | 40.37 Mn |
| Dec 31, 2023 | 42.72 Mn |
| Sep 30, 2023 | 40.97 Mn |
| Jun 30, 2023 | 41.33 Mn |
| Mar 31, 2023 | 41.61 Mn |
| Dec 31, 2022 | 40.39 Mn |
| Sep 30, 2022 | 39.15 Mn |
| Jun 30, 2022 | 35.71 Mn |
| Mar 31, 2022 | 35.72 Mn |
| Dec 31, 2021 | 38.47 Mn |
| Sep 30, 2021 | 37.17 Mn |
API Access
Heritage Financial Corp /Wa/ Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HFWA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HFWA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HFWA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();