Heritage Financial (HFWA) Research & Development (2010 - 2026)
Heritage Financial (HFWA) posted Research & Development of $5.1 million for Q1 2026, up 38.36% on a QoQ basis from $3.7 million in Q4 2025, and up 30.69% year-over-year from $3.9 million in Q1 2025.
Heritage Financial (HFWA) Research & Development (2010 - 2026) Analysis & Trends
Heritage Financial's Research & Development history runs 17 years deep, the most recent figure standing at $5.1 million for Q1 2026.
- Quarterly Research & Development rose 30.69% year-over-year to $5.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.2 million (up 4.71% YoY) and the FY2025 annual result came in at $15.0 million, up 0.66% from the prior year.
- Research & Development was $5.1 million for Q1 2026 at Heritage Financial, up from $3.7 million in the prior quarter.
- Across five years, Research & Development topped out at $5.1 million in Q1 2026 and bottomed at $3.3 million in Q1 2024.
- A 5-year average of $4.0 million and a median of $4.0 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development fell 25.99% — and 2023, when it surged 34.97%.
- Heritage Financial's Research & Development stood at $3.5 million in 2022, then soared by 34.97% to $4.7 million in 2023, then fell by 14.27% to $4.0 million in 2024, then decreased by 8.43% to $3.7 million in 2025, then jumped by 38.36% to $5.1 million in 2026.
- Business Quant data shows HFWA's Research & Development at $5.1 million in Q1 2026, $3.7 million in Q4 2025, and $3.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | - |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | - |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.10 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 554,000.00 |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Heritage Financial | 1.17 Bn | 903.58 Mn | 1.29 Mn | 5.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.09 Mn |
| Dec 31, 2025 | 3.68 Mn |
| Sep 30, 2025 | 3.75 Mn |
| Jun 30, 2025 | 3.67 Mn |
| Mar 31, 2025 | 3.90 Mn |
| Dec 31, 2024 | 4.02 Mn |
| Sep 30, 2024 | 3.96 Mn |
| Jun 30, 2024 | 3.58 Mn |
| Mar 31, 2024 | 3.33 Mn |
| Dec 31, 2023 | 4.69 Mn |
| Sep 30, 2023 | 4.12 Mn |
| Jun 30, 2023 | 4.50 Mn |
| Mar 31, 2023 | 4.34 Mn |
| Dec 31, 2022 | 3.47 Mn |
| Sep 30, 2022 | 4.19 Mn |
| Jun 30, 2022 | 4.19 Mn |
| Mar 31, 2022 | 4.06 Mn |
| Dec 31, 2021 | 4.69 Mn |
| Sep 30, 2021 | 4.03 Mn |
| Jun 30, 2021 | 4.00 Mn |