Heritage Financial (HFWA) Operating Expenses (2010 - 2026)

Heritage Financial posted quarterly Operating Expenses of $56.6 million for Q1 2026, up 36.65% year-on-year from $41.4 million in Q1 2025, and up 36.32% on a QoQ basis from $41.5 million in Q4 2025.

Heritage Financial (HFWA) has 17 years of Operating Expenses data on file, last reported at $56.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 36.65% year-over-year to $56.6 million; the trailing twelve-month figure through Mar 2026 stood at $180.7 million (up 13.45% YoY), and the FY2025 full-year result was $165.6 million, up 4.59% from the prior year.
  • Operating Expenses for Q1 2026 stood at $56.6 million, up from $41.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $56.6 million in Q1 2026 and bottomed at $35.7 million in Q2 2022.
  • The 5-year median for Operating Expenses is $41.0 million (2023), against an average of $41.1 million.
  • The widest annual swing landed in 2024, when Operating Expenses slipped 7.45%; it then soared 36.65% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $40.4 million in 2022, then gained by 5.77% to $42.7 million in 2023, then fell by 7.45% to $39.5 million in 2024, then advanced by 4.91% to $41.5 million in 2025, then soared by 36.32% to $56.6 million in 2026.
  • The last three Operating Expenses figures came in at $56.6 million (Q1 2026), $41.5 million (Q4 2025), and $41.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bank Of Chile 90,891.20 Bn 90,891.20 Bn - -287,925.00
2 Bank Bradesco 6,807.69 Bn 6,791.75 Bn - -
3 Lloyds Banking 426.28 Bn 426.28 Bn - -
4 NatWest 184.56 Bn 184.56 Bn - -
5 First Capital 181.18 Bn 181.03 Bn - 7.75 Mn
6 Landmark Bancorp 164.67 Bn 164.64 Bn - 11.90 Mn
7 Deutsche Bank Aktiengesellschaft 161.63 Bn -151,939.28 Bn - 2.55 Bn
8 KB Financial 150.02 Bn 142.15 Bn - -20.00 Mn
9 Pnc Financial Services 88.79 Bn 88.84 Bn - 3.77 Bn
10 Heritage Financial 1.05 Bn 783.27 Mn 2.98 Mn 56.55 Mn

Historic Data

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DateValue
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
Jun 30, 2021 36.40 Mn
Mar 31, 2021 37.24 Mn
Dec 31, 2020 38.56 Mn
Sep 30, 2020 36.05 Mn
Jun 30, 2020 37.07 Mn
Mar 31, 2020 37.26 Mn
Dec 31, 2019 36.00 Mn
Sep 30, 2019 36.72 Mn
Jun 30, 2019 37.55 Mn
Mar 31, 2019 36.53 Mn
Dec 31, 2018 37.27 Mn
Sep 30, 2018 39.46 Mn
Jun 30, 2018 35.71 Mn
Mar 31, 2018 36.75 Mn
Dec 31, 2017 27.59 Mn
Sep 30, 2017 27.96 Mn
Jun 30, 2017 27.81 Mn
Mar 31, 2017 27.22 Mn
Dec 31, 2016 26.81 Mn
Sep 30, 2016 26.82 Mn
Jun 30, 2016 26.48 Mn
Mar 31, 2016 26.37 Mn
Dec 31, 2015 26.77 Mn
Sep 30, 2015 27.32 Mn
Jun 30, 2015 26.08 Mn
Mar 31, 2015 26.04 Mn
Dec 31, 2014 29.24 Mn
Sep 30, 2014 28.36 Mn
Jun 30, 2014 26.99 Mn
Mar 31, 2014 14.78 Mn
Dec 31, 2013 18.50 Mn
Sep 30, 2013 14.29 Mn
Jun 30, 2013 13.01 Mn
Mar 31, 2013 13.72 Mn
Dec 31, 2012 12.42 Mn
Sep 30, 2012 12.50 Mn
Jun 30, 2012 12.87 Mn
Mar 31, 2012 12.60 Mn
Dec 31, 2011 10.47 Mn
Sep 30, 2011 12.41 Mn
Jun 30, 2011 13.18 Mn
Mar 31, 2011 13.08 Mn
Dec 31, 2010 13.85 Mn
Sep 30, 2010 10.28 Mn
Jun 30, 2010 8.47 Mn