Heritage Financial Corporation is classed by the SEC under Savings Institutions, Not Federally Chartered (industry code 6036), based in Olympia, WA. Its latest filed balance sheet (2025-12-31) shows total assets of $8.5 billion (its filed statements).
Lending businessSavings Institutions, Not Federally CharteredOlympia, WAfilings since 19979 of 9 filed
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a lending business: prior from its industry code (SEC 6036, Savings Institutions, Not Federally Chartered); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 6.0 out of ten, 9 of 9 metrics filed: past 6.8 out of ten, present 5.9 out of ten, future 5.1 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 8.7 out of ten. No warning events in its filings since 2017. 87th percentile among 23 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 3.7 out of ten. +9.5% a year over 10 filed years; profitable in 10 of 10. 37th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 6.2 out of ten. Share count shrank 1.0% a year. 48% of cash flow returned. Insiders: 12 sales, 1 purchases. 62nd percentile among 20 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Financial health (present): 6.0 out of ten. ROE 7%: 7¢ of profit per shareholder dollar. Leverage 87%: owes 87¢ per asset dollar. 60th percentile among 23 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 6.0 out of ten. top 40% of 22 in its family; net margin 21.5%. 60th percentile among 22 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 5.5 out of ten. top 45% of 15 in its family for leadership. 55th percentile among 15 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 5.8 out of ten. top 41% of 19 in its family for room to expand. 59th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 5.3 out of ten. top 47% of 19 in its family for growth drivers. 53rd percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 4.2 out of ten. bottom 42% of 17 in its family for expectations against reality. 42nd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-27 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-07 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-07-23 (on EDGAR). Newest filing: Form SCHEDULE 13G, 2026-10-08. Filings on record since 1997. Read from EDGAR 2026-10-12.
Who runs it
Vance, Brian L (President and CEO); Mcdonald, Bryan (President); Hinson, Donald (EVPand Chief Financial Officer); Bley, Nicholas M (EVP Chief Operating Officer); Glasby, William (EVP Chief Information Officer); Ray, Matthew T. (EVP Chief Lending Officer); Chalfant, Tony (EVP Chief Credit Officer); Wilson, Kelli Ann (EVP Chief Banking Officer); Robison, Sabrina C (EVP Chief HR Officer); Henning, Thomas J (EVP Chief Risk Officer); and 10 more. 20 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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