Heritage Financial (HFWA) Research & Development (2010 - 2026)
Heritage Financial posted quarterly Research & Development of $5.1 million for Q1 2026, up 30.69% year-on-year 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) has 17 years of Research & Development data on file, last reported at $5.1 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 30.69% year-over-year to $5.1 million; the trailing twelve-month figure through Mar 2026 stood at $16.2 million (up 4.71% YoY), and the FY2025 full-year result was $15.0 million, up 0.66% from the prior year.
- Research & Development for Q1 2026 stood at $5.1 million, 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.
- The 5-year median for Research & Development is $4.0 million (2024), against an average of $4.0 million.
- The widest annual swing landed in 2022, when Research & Development slipped 25.99%; it then surged 34.97% in 2023.
- A 5-year view of Research & Development shows it stood at $3.5 million in 2022, then surged by 34.97% to $4.7 million in 2023, then declined by 14.27% to $4.0 million in 2024, then retreated by 8.43% to $3.7 million in 2025, then soared 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 554,000.00 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | Heritage Financial | 1.05 Bn | 783.27 Mn | 2.98 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 |
| Mar 31, 2021 | 3.81 Mn |
| Dec 31, 2020 | 3.71 Mn |
| Sep 30, 2020 | 3.69 Mn |
| Jun 30, 2020 | 3.52 Mn |
| Mar 31, 2020 | 3.53 Mn |
| Dec 31, 2019 | 6.41 Mn |
| Sep 30, 2019 | 2.33 Mn |
| Jun 30, 2019 | 2.11 Mn |
| Mar 31, 2019 | 2.17 Mn |
| Dec 31, 2018 | 2.43 Mn |
| Sep 30, 2018 | 2.34 Mn |
| Jun 30, 2018 | 2.51 Mn |
| Mar 31, 2018 | 2.61 Mn |
| Dec 31, 2017 | 2.17 Mn |
| Sep 30, 2017 | 2.09 Mn |
| Jun 30, 2017 | 2.00 Mn |
| Mar 31, 2017 | 1.92 Mn |
| Dec 31, 2016 | 1.75 Mn |
| Sep 30, 2016 | 1.94 Mn |
| Jun 30, 2016 | 1.83 Mn |
| Mar 31, 2016 | 1.79 Mn |
| Dec 31, 2015 | 1.75 Mn |
| Sep 30, 2015 | 2.40 Mn |
| Jun 30, 2015 | 1.93 Mn |
| Mar 31, 2015 | 1.63 Mn |
| Dec 31, 2014 | 2.27 Mn |
| Sep 30, 2014 | 1.98 Mn |
| Jun 30, 2014 | 4.00 Mn |
| Mar 31, 2014 | 996,000.00 |
| Dec 31, 2013 | 2.00 Mn |
| Sep 30, 2013 | 953,000.00 |
| Jun 30, 2013 | 720,000.00 |
| Mar 31, 2013 | 1.14 Mn |
| Dec 31, 2012 | 653,000.00 |
| Sep 30, 2012 | 643,000.00 |
| Mar 31, 2012 | 591,000.00 |
| Dec 31, 2011 | 617,000.00 |
| Sep 30, 2011 | 553,000.00 |
| Jun 30, 2011 | 636,000.00 |
| Mar 31, 2011 | 823,000.00 |
| Dec 31, 2010 | 848,000.00 |
| Sep 30, 2010 | 549,000.00 |
| Jun 30, 2010 | 416,000.00 |