Heritage Financial (HFWA) Operating Expenses (2010 - 2026)
Heritage Financial (HFWA) posted Operating Expenses of $56.6 million for Q1 2026, up 36.32% on a QoQ basis from $41.5 million in Q4 2025, and up 36.65% year-over-year from $41.4 million in Q1 2025.
Heritage Financial (HFWA) Operating Expenses (2010 - 2026) Analysis & Trends
Heritage Financial's Operating Expenses history runs 17 years deep, the most recent figure standing at $56.6 million for 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 was $56.6 million for Q1 2026 at Heritage Financial, 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.
- 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 fell 7.45% — and 2026, when it soared 36.65%.
- Heritage Financial's 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 jumped by 36.32% to $56.6 million in 2026.
- Business Quant data shows HFWA's Operating Expenses at $56.6 million in Q1 2026, $41.5 million in Q4 2025, and $41.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | -19.71 Mn |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | -1.04 Bn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | -287,925.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | -2.75 Bn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | -17.40 Bn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | -3.86 Bn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 7.75 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 11.90 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 3.77 Bn |
| 10 | Heritage Financial | 1.17 Bn | 903.58 Mn | 1.29 Mn | 56.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |