Heritage Bank provides various financial services to small businesses and general public in the United States. The Company accepts various deposit products, such as noninterest demand accounts, NOW accounts, money market accounts, savings accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, business lines of credit, term equipment financing, and term real estate loans, as well as commercial loans real estate related industries and businesses in agricultural, healthcare, legal, and other professions.
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
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Key People/Management at Heritage Bank

Brian Vance

Brian Vance

President and Chief Executive Officer
Jeffrey Deuel

Jeffrey Deuel

EVP
Stephen Dennis

Stephen Dennis

Retired Chief Executive Officer of Quadrant Homes
Kimberly Ellwanger

Kimberly Ellwanger

Retired Senior Director of Corporate Affairs and Associate General Counsel, Microsoft Corporation
Deborah Gavin

Deborah Gavin

Retired Vice President of Finance and Controller of the Boeing Company
Jeffrey Lyon

Jeffrey Lyon

Chairman & CEO, Kidder Mathews
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Heritage Bank Office Locations

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

Heritage Bank Revenue

Heritage Bank's revenue was reported to be $170.13 m in FY, 2016 which is a 25.3% increase from the previous period.
USD

Revenue (Q1, 2018)

50.8 m

Gross profit (Q1, 2018)

48.4 m

Gross profit margin (Q1, 2018), %

95.3%

Net income (Q1, 2018)

9.1 m

EBIT (Q1, 2018)

39.8 m

Market capitalization (18-Jul-2018)

1.3 b

Closing share price (18-Jul-2018)

35.3

Cash (31-Mar-2018)

130.3 m

EV

1.2 b
Heritage Bank's current market capitalization is $1.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

71.4 m121.1 m135.7 m170.1 m

Revenue growth, %

70%12%25%

Cost of goods sold

6.1 m6 m8.3 m

Gross profit

129.6 m164.1 m
Quarterly
USDQ1, 2018

Revenue

50.8 m

Cost of goods sold

2.4 m

Gross profit

48.4 m

Gross profit Margin, %

95%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

126.6 m103.7 m103 m

Accounts Receivable

10.5 m101.7 m

Inventories

PP&E

61.9 m63.9 m60.3 m
Quarterly
USDQ1, 2018

Cash

130.3 m

PP&E

62.1 m

Goodwill

187.5 m

Total Assets

4.7 b
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

9.6 m37.5 m38.9 m41.8 m

Depreciation and Amortization

2.1 m1.4 m10.7 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

6.7 m13.8 m9.8 m18.5 m28 m9.1 m18 m9.1 m

Depreciation and Amortization

2.6 m

Cash From Operating Activities

9.1 m

Purchases of PP&E

(71.5 m)
USDY, 2018

EV/EBIT

30.2 x

EV/CFO

131.5 x

Financial Leverage

7.4 x
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Heritage Bank Operating Metrics

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

Bank Branches

66 67 63

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

Total Loans

$2.22 b$2.26 b$2.32 b$2.38 b$2.37 b$2.43 b$2.50 b$2.55 b$2.61 b$2.63 b$2.72 b
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Heritage Bank Online and Social Media Presence

Embed Graph
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Heritage Bank Company Life and Culture

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