Heritage Financial (HFWA) Operating Expenses (2010 - 2026)
Heritage Financial's (HFWA) quarterly Operating Expenses came in at $64.3 million in Q2 2026, up 56.56% on a YoY basis from $41.1 million in Q2 2025, and up 13.75% quarter-over-quarter from $56.6 million in Q1 2026.
Analysis
Heritage Financial (HFWA) Operating Expenses (2010 - 2026) Analysis & Trends
Heritage Financial (HFWA) has reported Operating Expenses for 17 consecutive years, with $64.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 56.56% year-over-year to $64.3 million; the trailing twelve-month figure through Jun 2026 stood at $204.0 million (up 26.46% YoY), and the FY2025 full-year result was $165.6 million, up 4.59% from the prior year.
- Operating Expenses advanced to $64.3 million in Q2 2026 per HFWA's latest filing, from $56.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $64.3 million in Q2 2026 and bottomed at $35.7 million in Q2 2022.
- Historically, Operating Expenses has averaged $42.4 million across 5 years, with a median of $41.0 million in 2023.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses dropped 7.45% in 2024, then jumped 56.56% in 2026.
- Over 5 years, Operating Expenses stood at $40.4 million in 2022, then advanced by 5.77% to $42.7 million in 2023, then retreated by 7.45% to $39.5 million in 2024, then climbed by 4.91% to $41.5 million in 2025, then surged by 55.06% to $64.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $64.3 million, $56.6 million, and $41.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | -259.95 Bn |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | 3.06 Bn |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | 2.11 Bn |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | 1.35 Bn |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | 1.81 Bn |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | 1.39 Bn |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | 1.12 Bn |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 1.55 Bn |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | 1.22 Bn |
| 10 | Heritage Financial | 1.17 Bn | 967.43 Mn | 1.36 Mn | 64.32 Mn |
Historic Data
Download Data
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 |