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Heritage Bank

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Heritage Bank has been creating financial solutions for the needs of our neighbors since 1927. We are known as the "quality bank"​ because our staff works together as a team, focused on building lasting relationships to help customers reach their financial goals. We are dedicated to exceeding customers'​ expectations. Combine this with a devoted focus on giving back to the communities through contributions and staff volunteer efforts, and you have exactly what customers and communities deserve from their local bank. At Heritage Bank, you'll receive the personal attention you deserve. YOUR SUCCESS IS OUR VISION.

Revenue(FY, 2016)
$170.1 M
Market capitalization(2017-09-21)
$833.2 M
Total Loans Issued(Q2, 2017)
$2.7 B
Company Growth (employees)
Type
Public
HQ
Olympia, US
Founded
1927
Size (employees)
760 (est)
Website
hf-wa.com
Heritage Bank was founded in 1927 and is headquartered in Olympia, US

Heritage Bank Office Locations

Heritage Bank has an office in Olympia
Olympia, US (HQ)
201 5th Ave SW

Heritage Bank Data and Metrics

Heritage Bank Financial Metrics

Heritage Bank's revenue was reported to be $170.1 m in FY, 2016 which is a 25% increase from the previous period.
USD

Revenue (FY, 2016)

170.1 m

Revenue growth (FY, 2015 - FY, 2016), %

25%

Gross profit (FY, 2016)

164.1 m

Gross profit margin (FY, 2016), %

96%

Net income (FY, 2016)

38.9 m

EBIT (FY, 2016)

127.6 m

Market capitalization (21-Sep-2017)

833.2 m

Cash (31-Dec-2016)

103.7 m

EV

809 m
Heritage Bank's current market capitalization is $833.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

71.4 m121.1 m135.7 m170.1 m

Revenue growth, %

70%12%25%

Cost of goods sold

6.1 m6 m

Gross profit

129.6 m164.1 m
show all
USDFY, 2015FY, 2016

Cash

126.6 m103.7 m

Accounts Receivable

10.5 m101.7 m

PP&E

61.9 m63.9 m

Goodwill

119 m119 m
show all
USDFY, 2013FY, 2015FY, 2016

Net Income

9.6 m37.5 m38.9 m

Depreciation and Amortization

2.1 m1.4 m

Accounts Receivable

5.5 m

Cash From Operating Activities

51.4 m54 m
USDQ2, 2014Q3, 2014Q1, 2015

Accounts Receivable

9.3 m10 m10.1 m
show all
USDY, 2016

EV/EBIT

6.3 x

EV/CFO

15 x

Revenue/Employee

237.3 k

Debt/Equity

0.2 x

Financial Leverage

8.1 x
Show all financial metrics

Heritage Bank Operating Metrics

Heritage Bank's Total Loans Issued was reported to be $2.7 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

666763

Total Loans Issued

$2.22 b$2.26 b$2.32 b$2.38 b$2.37 b$2.43 b$2.5 b$2.55 b$2.61 b$2.63 b$2.72 b

Non-accrual Loans

$11.57 m$9.91 m$9.67 m$12.35 m$13.86 m$11.54 m$10.91 m$10.88 m$10.97 m
Show all operating metrics

Heritage Bank Market Value History

Market Position of Heritage Bank

Competitors

Comerica
Financial Services - Public
Columbia Banking System
Financial Services - Public
First Midwest Bancorp
Financial Services - Public
Franklin Synergy Bank
Financial Services - Public
Compare competitors

Traffic Overview of Heritage Bank

Heritage Bank Online and Social Media Presence

Heritage Bank News and Updates

August 24, 2016

Nigeria banks banned from foreign currency deals

Nine Nigerian banks are suspended from foreign currency trading for not paying a total of $2bn owed to the government, a central bank source tells the BBC.
June 30, 2016

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Heritage Bank Company Life and Culture

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