Heritage Financial Corp.
- HFWA ยท Nasdaq
- Savings Institutions, Not Federally Chartered
- Olympia, WA
- 755 employees
- CIK 0001046025
Updated from SEC filings through
Top things to know
Executives
- Bryan McDonald President and Chief Executive Officer of the Company 8-K, 2026-10-22
- Bryan D. McDonald President and Chief Executive Officer 10-K, 2026-02-27
- Donald Hinson EVPand Chief Financial Officer 4, 2026-06-10
- Donald J. Hinson Executive Vice President and Chief Financial Officer 10-K, 2026-02-27
- Patrick William Casey EVP, Chief Information Officer 4, 2026-11-05
- Matthew T. Ray EVP Chief Lending Officer 4, 2026-08-13
What leadership is saying
“We are pleased with the continued improvement in our net interest margin and growth in loans and deposits during the third quarter. In addition, we completed the successful conversion of the Kitsap Bank customers to the Heritage Bank system. This was an important step for Heritage to achieve full realization of cost savings from the Merger and operate with improved efficiency going forward”
Earnings press release (8-K Ex. 99.1), filed October 22, 2026
Heritage Financial Corp is a U.S. public company in savings institutions, not federally chartered (SIC 6036), headquartered in Olympia, WA. It trades as HFWA on Nasdaq. Revenue was $314M in the fiscal year ending December 31, 2025, +1.5% from the year before. It reported about 755 employees. Bryan McDonald is President and Chief Executive Officer of the Company.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $314M 10-K, 2026-02-27 | $310M 10-K, 2026-02-27 | $284M 10-K, 2026-02-27 | $227M 10-K, 2025-02-27 | $213M 10-K, 2024-02-27 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $67.5M 10-K, 2026-02-27 | $43.3M 10-K, 2026-02-27 | $61.8M 10-K, 2026-02-27 | $81.9M 10-K, 2025-02-27 | $98.0M 10-K, 2024-02-27 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Bryan McDonald | President and Chief Executive Officer of the Company | 8-K, 2026-10-22 |
| Bryan D. McDonald | President and Chief Executive Officer | 10-K, 2026-02-27 |
| Donald Hinson | EVPand Chief Financial Officer | 4, 2026-06-10 |
| Donald J. Hinson | Executive Vice President and Chief Financial Officer | 10-K, 2026-02-27 |
| Patrick William Casey | EVP, Chief Information Officer | 4, 2026-11-05 |
| Matthew T. Ray | EVP Chief Lending Officer | 4, 2026-08-13 |
| William Glasby | EVP Chief Information Officer | 4, 2026-08-13 |
| Tony Chalfant | EVP Chief Credit Officer | 4, 2026-08-05 |
| Kelli Ann Wilson | EVP Chief Banking Officer | 4, 2026-07-30 |
| Sabrina C. Robison | EVP Chief HR Officer | 4, 2026-05-04 |
| Kelli A. Wilson | Named in proxy bio: Executive Vice President and Chief Retail Banking Officer | DEF 14A, 2026-03-20 |
| Tony W. Chalfant | Named in proxy bio: Executive Vice President and Chief Credit Officer | DEF 14A, 2026-03-20 |
| William K. Glasby | Named in proxy bio: Executive Vice President and Chief Information Officer | DEF 14A, 2026-03-20 |
| Thomas J. Henning | EVP Chief Risk Officer | 4, 2026-03-18 |
| Nicholas M. Bley | EVP Chief Operating Officer | 4, 2026-02-27 |
| Amy E. Curran | EVP Director Commercial Lend | 4, 2026-06-15 |
What Heritage Financial Corp does
Heritage Financial Corporation is a bank holding company that was incorporated in the State of Washington in August 1997. We are primarily engaged in the business of planning, directing, and coordinating the business activities of our wholly-owned subsidiary and single reportable segment, Heritage Bank.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 40.6 million (as of October 28, 2026) | 10-Q, November 6, 2026 |
|---|---|---|
| Public float | $797M (as of June 30, 2025) | 10-K, February 27, 2026 |
| Reportable segments | 1 (period ending December 31, 2016) | 10-K, March 9, 2017 |
| Latest proxy statement | Meeting March 20, 2026 (filed March 20, 2026) | DEF 14A, March 20, 2026 |
| Auditor | Crowe LLP (Sacramento, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 15, 2026 | Frederick B. Rivera Director | Sale | 1,300 | $37K | Form 4, September 15, 2026 |
| September 3, 2026 | Brian Charneski Director | Sale | 13,675 | $399K | Form 4, September 3, 2026 |
| August 13, 2026 | Matthew T. Ray EVP Chief Lending Officer | Sale | 3,692 | $111K | Form 4, August 13, 2026 |
| August 5, 2026 | Jeffrey S. Lyon Director | Sale | 10,000 | $300K | Form 4, August 5, 2026 |
| August 5, 2026 | Tony Chalfant EVP Chief Credit Officer | Sale | 3,234 | $97K | Form 4, August 5, 2026 |
| July 30, 2026 | Kelli Ann Wilson EVP Chief Banking Officer | Sale | 3,778 | $112K | Form 4, July 30, 2026 |
| June 9, 2026 | Donald Hinson EVPand Chief Financial Officer | Sale | 3,842 | $109K | Form 4, June 10, 2026 |
| May 1, 2026 | Sabrina C. Robison EVP Chief HR Officer | Sale | 5,440 | $150K | Form 4, May 4, 2026 |
Recent 8-K events
- 8-K filed 2026-10-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-07-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-05-08
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-03-23
- Item 8.01 Other events
- 8-K filed 2026-02-02
- Item 2.01 Completion of acquisition or disposition of assets
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-22
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-01-16
- Item 8.01 Other events
- 8-K filed 2025-12-30
- Item 8.01 Other events
Frequently asked questions about Heritage Financial Corp
- What does Heritage Financial Corp do?
- In its own words, from Item 1 of its 10-K: "Heritage Financial Corporation is a bank holding company that was incorporated in the State of Washington in August 1997. We are primarily engaged in the business of planning, directing, and coordinating the business activities of our wholly-owned subsidiary and single reportable segment, Heritage Bank."
- What is Heritage Financial Corp's revenue?
- $314M for the fiscal year ending December 31, 2025, from its 10-K filed February 27, 2026.
- Is Heritage Financial Corp profitable?
- Heritage Financial Corp reported net income of $67.5M for the fiscal year ending December 31, 2025.
- How many employees does Heritage Financial Corp have?
- About 755, as stated in its annual report.
- Who is the CEO of Heritage Financial Corp?
- Bryan McDonald, President and Chief Executive Officer of the Company, as named in a 8-K filed October 22, 2026.
- Who is the CFO of Heritage Financial Corp?
- Donald Hinson, EVPand Chief Financial Officer, as named in a 4 filed June 10, 2026.
- Where is Heritage Financial Corp headquartered?
- Olympia, WA.
- What is Heritage Financial Corp's stock ticker?
- HFWA on Nasdaq.
- What industry is Heritage Financial Corp in?
- Savings Institutions, Not Federally Chartered, SIC code 6036.
- What is Heritage Financial Corp's website?
- hf-wa.com.
- When does Heritage Financial Corp report earnings next?
- January 21, 2027. Source: estimate_8k_pattern.
- Is Heritage Financial Corp a public company?
- Yes. Heritage Financial Corp files with the SEC under CIK 0001046025 and trades as HFWA.
- Who audits Heritage Financial Corp?
- Crowe LLP, Sacramento, California, as named in its latest annual report (10-K).
- How many shares of Heritage Financial Corp are outstanding?
- 40.6 million shares as of October 28, 2026, from its 10-Q filed November 6, 2026.
- What is Heritage Financial Corp's public float?
- $797M as of June 30, 2025, as reported on the cover of its 10-K filed February 27, 2026.
- How many business segments does Heritage Financial Corp report?
- 1 reportable segment for the period ending December 31, 2016, from its 10-K filed March 9, 2017.
- When is Heritage Financial Corp's annual shareholder meeting?
- March 20, 2026, per its proxy statement (DEF 14A) filed March 20, 2026.
- Have Heritage Financial Corp insiders traded stock recently?
- Since November 20, 2025, officers and directors reported 11 open-market sales worth about $1.5M and 1 purchase worth about $426K on Forms 4 and 5. The most recent: Frederick B. Rivera (Director) sold 1,300 shares on September 15, 2026.