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Heritage Financial Corp  (HFWA)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

HFWA's Operating Income Growth by Quarter and Year

Heritage Financial's Operating Income results by quarter and year




HFWA Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 6.58 27.89 24.32 28.31
III Quarter September 21.80 25.65 25.59 19.11
II Quarter June 19.87 22.56 40.15 -7.08
I Quarter March 24.67 23.34 30.45 12.83
FY   72.92 99.44 120.51 53.17



HFWA Operating Income fourth quarter 2023 Y/Y Growth Comment
Heritage Financial Corp reported drop in Operating Income in the fourth quarter 2023 by -76.42% to $ 6.58 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Heritage Financial Corp's Operating Income compares unfavorably to the Company's average Operating Income increase of 15.97%.

Looking into fourth quarter 2023 results within Regional Banks industry 21 other companies have achieved higher Operating Income growth. While Heritage Financial Corp' s Operating Income meltdown of -76.42% ranks overall at the positon no. 723 in the fourth quarter 2023.

Explain Operating Income growth


HFWA Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -76.42 % 14.68 % -14.09 % 37.63 %
III Quarter September -15.01 % 0.23 % 33.91 % -11.2 %
II Quarter June -11.92 % -43.81 % - -
I Quarter March 5.7 % -23.35 % 137.33 % -35.1 %
FY   -26.67 % -17.48 % 126.65 % -34.4 %

Financial Statements
Heritage Financial's fourth quarter 2023 Operating Income $ 6.58 millions HFWA's Income Statement
Heritage Financial's fourth quarter 2022 Operating Income $ 27.89 millions Quarterly HFWA's Income Statement
New: More HFWA's historic Operating Income Growth >>


HFWA Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -69.83 % 8.73 % -4.96 % 48.14 %
III Quarter September 9.71 % 13.7 % -36.26 % -
II Quarter June -19.46 % -3.34 % 31.86 % -
I Quarter March -11.55 % -4.03 % 7.56 % -37.63 %
FY (Year on Year)   -26.67 % -17.48 % 126.65 % -34.4 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #22
Financial Sector #171
Overall #723

Operating Income Y/Y Growth Statistics
High Average Low
173.99 % 15.97 % -44.38 %
(Sep 30 2021)   (Sep 30 2020)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #22
Financial Sector #171
Overall #723
Operating Income Y/Y Growth Statistics
High Average Low
173.99 % 15.97 % -44.38 %
(Sep 30 2021)   (Sep 30 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Heritage Financial's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
72.75 % 1.48 % -100 %
(Sep 30 2014)  


HFWA's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Heritage Financial Corp realized fall in Operating Income sequentially by -69.83% to $ 6.58 millions, from $ 21.80 millions achived in the previous quarter.

Although cyclical circumstance normally energize IV. Quarter 2023 Operating Income, this plainly was not sufficient to recover Regional Banks's company IV. Quarter achievement, Ava Hernandez, a business consultant wrote.

Within Regional Banks industry 72 other companies have achieved higher Operating Income quarter on quarter growth. While Heritage Financial's Operating Income growth quarter on quarter, overall rank is 1325.


Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #73
Financial Sector #322
Overall #1325
Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #73
Financial Sector #322
Overall #1325
Operating Income Q/Q Growth Statistics
High Average Low
72.75 % 1.48 % -100 %
(Sep 30 2014)  


HFWA's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Heritage Financial Corp reported fall in Operating Income from the previous quarter by -69.83% to $ 6.58 millions, from $ 21.80 millions achived in the previous reporting period.

Even seasonal factors that commonly energize IV. Quarter 2023 Operating Income, could not recover the IV. Quarter for the Heritage Financial Corp, Ava Hernandez, a business consultant said.

Within Regional Banks industry 72 other companies have achieved higher Operating Income quarter on quarter growth. While Heritage Financial's Operating Income growth quarter on quarter, overall rank is 1325.


Heritage Financial's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 72.92 $ 94.23 $ 98.08 $ 100.77 $ 99.44
Y / Y Operating Income Growth (TTM) -26.67 % -1.71 % 2.37 % -11.14 % -17.49 %
Year on Year Operating Income Growth Overall Ranking # 1061 # 1319 # 1350 # 173 # 138
Seqeuential Operating Income Change (TTM) -22.62 % -3.93 % -2.67 % 1.34 % 3.72 %
Seq. Operating Income Growth (TTM) Overall Ranking # 723 # 939 # 1294 # 682 # 1099




Cumulative Operating Income growth Comment
Heritage Financial's cumulative 12 months Operating Income continue to drop, but on the faster rate at -26.67% year on year, at Dec 31 2023 compare to the -1.71% decrease at Sep 30 2023. If the Heritage Financial's fiscal year would end at Dec 31 2023, annual Operating Income would be $73 millions.

In the Financial sector 256 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 1061, from total ranking in previous quarter at 1319.

Operating Income TTM Q/Q Growth Statistics
High Average Low
173.99 %
15.97 %
-44.38 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 22
Financial Sector # 257
Overall # 1061

Operating Income TTM Y/Y Growth Statistics
High Average Low
173.99 %
15.97 %
-44.38 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 22
Sector # 171
S&P 500 # 723
Cumulative Operating Income growth Comment
Heritage Financial's cumulative 12 months Operating Income continue to drop, but on the faster rate at -26.67% year on year, at Dec 31 2023 compare to the -1.71% decrease at Sep 30 2023. If the Heritage Financial's fiscal year would end at Dec 31 2023, annual Operating Income would be $73 millions.

In the Financial sector 256 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 1061, from total ranking in previous quarter at 1319.

Operating Income TTM Q/Q Growth Statistics
High Average Low
173.99 %
15.97 %
-44.38 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 22
Financial Sector # 257
Overall # 1061

Operating Income TTM Y/Y Growth Statistics
High Average Low
173.99 %
15.97 %
-44.38 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 22
Sector # 171
S&P 500 # 723




Other Operating Income Growth
Regional Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
HFWA's Operating Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for HFWA's Competitors
Operating Income Growth for Heritage Financial's Suppliers
Operating Income Growth for HFWA's Customers

You may also want to know
HFWA's Annual Growth Rates HFWA's Profitability Ratios HFWA's Asset Turnover Ratio HFWA's Dividend Growth
HFWA's Roe HFWA's Valuation Ratios HFWA's Financial Strength Ratios HFWA's Dividend Payout Ratio
HFWA's Roa HFWA's Inventory Turnover Ratio HFWA's Growth Rates HFWA's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Orix Corporation-1.07%$ -1.070 millions
Security Federal Corp-1.47%$ -1.472 millions
Reinsurance Group Of America Incorporated-1.75%$ -1.753 millions
Hamilton Lane Inc-2.09%$ -2.087 millions
Ohio Valley Banc Corp-3.34%$ -3.342 millions
Independent Bank Corporation-3.45%$ -3.454 millions
Cohen and Steers Inc -3.60%$ -3.595 millions
Plumas Bancorp-3.83%$ -3.831 millions
Pathward Financial Inc -3.90%$ -3.903 millions
Crown Castle Inc-3.92%$ -3.922 millions
Cno Financial Group Inc -4.22%$ -4.215 millions
Unity Bancorp inc -4.31%$ -4.305 millions
Intercontinental Exchange Inc -4.71%$ -4.707 millions
Progressive Corp-5.90%$ -5.899 millions
Barclays Plc-6.49%$ -6.489 millions
Republic Bancorp inc -6.62%$ -6.619 millions
Onemain Holdings Inc -6.75%$ -6.751 millions
Chemung Financial Corp-6.76%$ -6.761 millions
Iron Mountain Inc-7.03%$ -7.027 millions
Federal Home Loan Bank Of Boston-7.05%$ -7.049 millions
Tfs Financial Corporation-7.08%$ -7.077 millions
Franklin Financial Services Corporation-7.37%$ -7.368 millions
S and t Bancorp Inc -8.41%$ -8.410 millions
Sierra Bancorp-8.45%$ -8.453 millions
Kilroy Realty Corporation-8.67%$ -8.667 millions
Safety Insurance Group Inc -8.76%$ -8.758 millions
Avalonbay Communities inc -8.79%$ -8.789 millions
City Holding Company-9.08%$ -9.076 millions
Us Bancorp De-9.17%$ -9.173 millions
Magyar Bancorp Inc -9.19%$ -9.189 millions




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