Heritage Financial Corporation (HFWA)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 43,258 | 37,563 | 44,359 | 47,046 | 61,755 | 78,066 | 80,837 | 82,575 | 81,875 | 78,728 | 78,330 | 92,448 | 98,035 | 102,520 | 98,564 | 59,723 | 46,570 | 39,814 | 41,073 | 63,196 |
| Total assets | US$ in thousands | 7,106,280 | 7,153,360 | 7,059,860 | 7,091,280 | 7,174,960 | 7,150,590 | 7,115,410 | 7,236,810 | 6,980,100 | 7,200,310 | 7,316,470 | 7,483,810 | 7,432,410 | 7,259,040 | 7,105,670 | 7,028,390 | 6,615,320 | 6,685,890 | 6,562,360 | 5,587,300 |
| ROA | 0.61% | 0.53% | 0.63% | 0.66% | 0.86% | 1.09% | 1.14% | 1.14% | 1.17% | 1.09% | 1.07% | 1.24% | 1.32% | 1.41% | 1.39% | 0.85% | 0.70% | 0.60% | 0.63% | 1.13% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $43,258K ÷ $7,106,280K
= 0.61%
The return on assets (ROA) for Heritage Financial Corporation has shown some fluctuations over the past few years, ranging from a low of 0.53% on September 30, 2024, to a high of 1.41% on September 30, 2021. The ROA has generally trended upwards from 2020 to 2022, peaking in mid-2021, before experiencing a slight decline towards the end of 2023 and into 2024.
Overall, the performance of Heritage Financial Corporation as measured by ROA indicates that the company has been able to generate a reasonable return on its assets, with the metric staying above 1% for multiple quarters during the period under consideration. The slight decrease towards the end of the data period may warrant further investigation into the company's asset utilization efficiency or profitability drivers.