OverviewSuggest Edit

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.
TypePublic
Founded1927
HQOlympia, US
Websitehf-wa.com

Latest Updates

Employees (est.) (Dec 2019)884(+3%)
Job Openings44
Revenue (FY, 2019)$32.5 M(-83%)
Share Price (Nov 2020)$25.2
Cybersecurity ratingAMore

Key People/Management at Heritage Bank

Stephen A. Dennis

Stephen A. Dennis

Director
Jeffrey J. Deuel

Jeffrey J. Deuel

CEO and Director
Kimberly Ellwanger

Kimberly Ellwanger

Director
Deborah J. Gavin

Deborah J. Gavin

Director
Jeffrey S. Lyon

Jeffrey S. Lyon

Director
Gragg E. Miller

Gragg E. Miller

Director
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Heritage Bank Office Locations

Heritage Bank has an office in Olympia
Olympia, US (HQ)
201 5th Ave SW
Show all (1)

Heritage Bank Financials and Metrics

Heritage Bank Revenue

Heritage Bank's revenue was reported to be $32.46 m in FY, 2019
USD

Revenue (FY, 2019)

32.5m

Net income (FY, 2019)

67.6m

Market capitalization (17-Nov-2020)

903.5m

Closing stock price (17-Nov-2020)

25.2

Cash (31-Dec-2019)

228.6m
Heritage Bank's current market capitalization is $903.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

8.1m7.3m9.7m16.5m32.3m31.6m35.4m195.0m32.5m

Revenue growth, %

70%12%25%

Sales and marketing expense

1.4m1.5m1.6m2.5m3.1m2.8m2.9m3.2m3.5m

R&D expense

2.6m2.6m4.8m9.2m7.7m7.3m8.2m9.9m9.0m
USDQ2, 2011

Financial Leverage

6.5 x
Show all financial metrics

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
Show all operating metrics

Heritage Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Heritage Bank Online and Social Media Presence

Embed Graph

Heritage Bank News and Updates

Oz AI gurus have chance to shine as QLD AI Labs launches first business challenge with Heritage Bank

Artificial Intelligence (AI) gurus across regional Queensland are getting their chance to shine, thanks to a four-week problem solving challenge being launched this month by QLD AI Labs in partnership

Heritage Bank and Diebold Nixdorf sign five-year deal

Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the banking and retai...

Heritage Bank welcomes Steve Gahler as Executive Vice President, Chief Marketing Officer

OLYMPIA, Wash., Sept. 26, 2019 /PRNewswire/ -- Heritage Bank, subsidiary of Heritage Financial Corporation ("Company" or "Heritage") (NASDAQ: HFWA), is pleased to announce and welcome Steve Gahler as the executive vice president, chief marketing officer in Seattle, WA. He will be serving...

Heritage Bank announces new commercial banking team in greater Portland, Oregon

OLYMPIA, Wash., Jan. 17, 2019 /PRNewswire/ -- Heritage Bank, subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce the addition of a new commercial banking team in the greater Portland, Oregon area. The new team includes Chris Kane, Amber Clark, Kyle Gibson,...

Heritage Bank Frequently Asked Questions

  • When was Heritage Bank founded?

    Heritage Bank was founded in 1927.

  • Who are Heritage Bank key executives?

    Heritage Bank's key executives are Stephen A. Dennis, Jeffrey J. Deuel and Kimberly Ellwanger.

  • How many employees does Heritage Bank have?

    Heritage Bank has 884 employees.

  • What is Heritage Bank revenue?

    Latest Heritage Bank annual revenue is $32.5 m.

  • What is Heritage Bank revenue per employee?

    Latest Heritage Bank revenue per employee is $36.7 k.

  • Who are Heritage Bank competitors?

    Competitors of Heritage Bank include Bank Hapoalim, Glen Burnie and First Busey.

  • Where is Heritage Bank headquarters?

    Heritage Bank headquarters is located at 201 5th Ave SW, Olympia.

  • Where are Heritage Bank offices?

    Heritage Bank has an office in Olympia.

  • How many offices does Heritage Bank have?

    Heritage Bank has 1 office.