Heritage Financial (HFWA) Research & Development (2010 - 2026)
Heritage Financial's (HFWA) quarterly Research & Development came in at $5.1 million in Q1 2026, up 30.69% YoY from $3.9 million in Q1 2025, and up 38.36% on a QoQ basis from $3.7 million in Q4 2025.
Heritage Financial (HFWA) Research & Development (2010 - 2026) Analysis & Trends
Heritage Financial (HFWA) has 17 years of Research & Development data on file, last reported at $5.1 million in 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 rose to $5.1 million in Q1 2026, from $3.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $5.1 million in Q1 2026 to a low of $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 slipped 25.99% — and 2023, when it surged 34.97%.
- Tracing HFWA's Research & Development over 5 years: stood at $3.5 million in 2022, then jumped by 34.97% to $4.7 million in 2023, then dropped by 14.27% to $4.0 million in 2024, then fell by 8.43% to $3.7 million in 2025, then surged by 38.36% to $5.1 million in 2026.
- The last three Research & Development figures came in at $5.1 million (Q1 2026), $3.7 million (Q4 2025), and $3.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 250.00 Mn |
| 10 | Heritage Financial | 1.20 Bn | 991.46 Mn | 1.36 Mn | 10.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.22 Mn |
| 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 |