Heritage Financial (HFWA) Rent Expense (2010 - 2026)
Heritage Financial's (HFWA) quarterly Rent Expense came in at $6.0 million in Q2 2026, up 24.26% on a YoY basis from $4.8 million in Q2 2025, and up 12.83% quarter-over-quarter from $5.3 million in Q1 2026.
Analysis
Heritage Financial (HFWA) Rent Expense (2010 - 2026) Analysis & Trends
Heritage Financial (HFWA) has reported Rent Expense for 17 consecutive years, with $6.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Rent Expense rose 24.26% year-over-year to $6.0 million; the trailing twelve-month figure through Jun 2026 stood at $20.5 million (up 5.69% YoY), and the FY2025 full-year result was $18.9 million, down 2.12% from the prior year.
- Rent Expense grew to $6.0 million in Q2 2026 per HFWA's latest filing, from $5.3 million in the prior quarter.
- Across five years, Rent Expense topped out at $6.0 million in Q2 2026 and bottomed at $4.2 million in Q2 2022.
- Historically, Rent Expense has averaged $4.8 million across 5 years, with a median of $4.8 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Rent Expense slipped 6.16% in 2025, then advanced 24.26% in 2026.
- Over 5 years, Rent Expense stood at $4.5 million in 2022, then rose by 5.35% to $4.8 million in 2023, then retreated by 0.88% to $4.7 million in 2024, then slipped by 6.16% to $4.4 million in 2025, then surged by 35.15% to $6.0 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $6.0 million, $5.3 million, and $4.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | - |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | 73.00 Mn |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 59.00 Mn |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | 68.00 Mn |
| 10 | Heritage Financial | 1.17 Bn | 967.43 Mn | 1.36 Mn | 6.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.01 Mn |
| Mar 31, 2026 | 5.33 Mn |
| Dec 31, 2025 | 4.45 Mn |
| Sep 30, 2025 | 4.67 Mn |
| Jun 30, 2025 | 4.84 Mn |
| Mar 31, 2025 | 4.93 Mn |
| Dec 31, 2024 | 4.74 Mn |
| Sep 30, 2024 | 4.85 Mn |
| Jun 30, 2024 | 4.77 Mn |
| Mar 31, 2024 | 4.93 Mn |
| Dec 31, 2023 | 4.78 Mn |
| Sep 30, 2023 | 4.81 Mn |
| Jun 30, 2023 | 4.67 Mn |
| Mar 31, 2023 | 4.89 Mn |
| Dec 31, 2022 | 4.54 Mn |
| Sep 30, 2022 | 4.42 Mn |
| Jun 30, 2022 | 4.17 Mn |
| Mar 31, 2022 | 4.33 Mn |
| Dec 31, 2021 | 4.33 Mn |
| Sep 30, 2021 | 4.37 Mn |