$1.1 B

HFWA Mkt cap, 14-Dec-2018

$54.2 M

Heritage Bank Revenue Q2, 2018
Heritage Bank Gross profit (Q2, 2018)51.3 M
Heritage Bank Gross profit margin (Q2, 2018), %94.6%
Heritage Bank Net income (Q2, 2018)11.9 M
Heritage Bank EBIT (Q2, 2018)42 M
Heritage Bank Cash, 30-Jun-2018129.9 M
Heritage Bank EV1.1 B

Heritage Bank Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

71.4m121.1m168.0m170.1m183.3m

Revenue growth, %

70%12%25%

Cost of goods sold

6.1m6.0m8.3m

Gross profit

161.9m164.1m174.9m

Gross profit Margin, %

96%96%95%

Sales and marketing expense

3.1m2.8m2.9m

R&D expense

7.7m7.3m8.2m

General and administrative expense

15.8m15.8m15.4m

Operating expense total

106.2m106.5m110.6m

Depreciation and amortization

2.1m1.4m1.3m

EBIT

125.2m127.6m135.3m

EBIT margin, %

75%75%74%

Pre tax profit

51.3m52.7m60.1m

Income tax expense

13.8m13.8m18.4m

Net Income

9.6m21.0m37.5m38.9m41.8m

Heritage Bank Balance Sheet

Annual

USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

130.4m126.6m103.7m103.0m

Accounts Receivable

10.5m101.7m

Inventories

PP&E

34.3m61.9m63.9m60.3m

Goodwill

29.4m119.0m119.0m119.0m

Total Assets

1.7b3.7b3.9b4.1b

Accounts Payable

1.4b3.1b3.2b3.4b

Short-term debt

Long-term debt

79.6m92.5m

Total Debt

79.6m92.5m

Total Liabilities

1.4b3.2b3.4b3.6b

Retained Earnings

78.3m108.0m125.3m149.0m

Total Equity

470.0m481.8m508.3m

Debt to Equity Ratio

0.2 x0.2 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

7.8 x8.1 x8.1 x

Heritage Bank Cash Flow

Annual

USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

9.6m37.5m38.9m41.8m

Depreciation and Amortization

14.0m12.7m10.7m

Accounts Receivable

5.5m

Inventories

Accounts Payable

Cash From Operating Activities

51.4m54.0m73.5m

Purchases of PP&E

(292.3m)(274.4m)(153.0m)

Cash From Investing Activities

(216.6m)(252.9m)(241.4m)

Cash From Financing Activities

170.2m176.1m167.2m

Interest Paid

6.3m6.0m8.4m

Income Taxes Paid

15.3m11.5m2.0m

Quarterly

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

Net Income

18.5m28.0m9.1m18.0m29.0m9.1m21.1m9.1m20.9m

Depreciation and Amortization

6.7m10.5m3.3m6.5m9.5m5.5m2.6m5.1m

Accounts Receivable

5.7m5.2m9.3m10.0m10.1m1.4m1.4m

Cash From Operating Activities

18.4m33.2m13.1m24.4m40.3m44.0m9.1m29.7m

Purchases of PP&E

(82.7m)(159.5m)(76.9m)(129.1m)(193.3m)(59.4m)(71.5m)(164.0m)

Cash From Investing Activities

(69.8m)(134.3m)(60.4m)(120.6m)(192.4m)(107.5m)86.4m(34.3m)

Cash From Financing Activities

15.1m122.0m14.7m68.6m138.2m84.0m(68.3m)31.4m

Interest Paid

2.9m4.8m1.5m3.0m4.5m3.7m2.4m5.3m

Income Taxes Paid

9.8m12.3m6.0m9.0m1.0m2.7m

Heritage Bank Ratios

USDY, 2018

EV/EBIT

25.9 x

EV/CFO

36.5 x

Debt/Equity

0.1 x

Financial Leverage

7.5 x
Report incorrect company information

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
Report incorrect company information