Heritage Financial (HFWA) Operating Expenses (2010 - 2026)
Heritage Financial's (HFWA) quarterly Operating Expenses came in at $56.6 million in Q1 2026, up 36.65% YoY 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) Operating Expenses (2010 - 2026) Analysis & Trends
Heritage Financial (HFWA) has 17 years of Operating Expenses data on file, last reported at $56.6 million in Q1 2026.
- Quarterly Operating Expenses rose 36.65% year-over-year to $56.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $180.7 million (up 13.45% YoY) and the FY2025 annual result came in at $165.6 million, up 4.59% from the prior year.
- Operating Expenses climbed to $56.6 million in Q1 2026, from $41.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $56.6 million in Q1 2026 to a low of $35.7 million in Q2 2022.
- A 5-year average of $41.1 million and a median of $41.0 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses slipped 7.45% — and 2026, when it soared 36.65%.
- Tracing HFWA's Operating Expenses over 5 years: stood at $40.4 million in 2022, then rose by 5.77% to $42.7 million in 2023, then declined by 7.45% to $39.5 million in 2024, then gained by 4.91% to $41.5 million in 2025, then surged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 2.11 Bn |
| 10 | Heritage Financial | 1.20 Bn | 991.46 Mn | 1.36 Mn | 64.32 Mn |
Historic Data
Download 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 |