HBT Financial, Inc. (HBT) vs Heritage Financial Corporation (HFWA)
A side-by-side comparison of HBT Financial, Inc. and Heritage Financial Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — HBT vs HFWA
growth of $100 · dividends reinvested · last 7yHBT vs HFWA: by the numbers
- •HBT is the larger company ($1.33B vs $1.15B market cap).
- •HFWA trades at the lower trailing earnings multiple (13.25 vs 15.66 P/E), one valuation lens rather than an overall verdict.
- •HBT converts more revenue to profit (23.46% vs 23.17% net margin).
- •HBT grew revenue faster over the past five years (15.41% vs 5.82% CAGR).
- •HFWA pays the higher dividend yield (3.48% vs 2.53%).
Metrics side by side
Valuation
| Metric | HBT | HFWA |
|---|---|---|
| P/E ratio | 15.66 | 13.25 |
| Forward P/E | 12.01 | 14.18 |
| PEG ratio | 1.23 | 1.52 |
| P/S ratio | 4.00 | 3.43 |
| P/B ratio | 1.74 | 1.04 |
Profitability
| Metric | HBT | HFWA |
|---|---|---|
| Operating margin | 31.83% | 23.15% |
| Net margin | 23.46% | 23.17% |
| ROE | 10.17% | 7.02% |
HBT Financial, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Heritage Financial Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | HBT | HFWA |
|---|---|---|
| Dividend yield | 2.53% | 3.48% |
| Payout ratio | 39.48% | 45.97% |
Growth (annualized)
| Metric | HBT | HFWA |
|---|---|---|
| Revenue CAGR (5Y) | 15.41% | 5.82% |
| EPS CAGR (5Y) | 12.74% | 9.06% |
| Total return CAGR (5Y) | 21.72% | 5.89% |
Frequently asked
- Which has the lower trailing P/E, HBT or HFWA?
- HFWA has the lower trailing P/E: HBT trades at 15.66 and HFWA at 13.25. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, HBT or HFWA?
- Over the past five years, HBT grew revenue faster — HBT at a 15.41% CAGR versus HFWA at 5.82%.
- Does HBT or HFWA pay a bigger dividend?
- HBT yields 2.53% and HFWA yields 3.48% based on trailing dividends and the latest price.
- Is HBT or HFWA more profitable?
- HBT runs the higher net margin — HBT at 23.46% versus HFWA at 23.17%.
- How have HBT and HFWA total returns compared?
- Over the past 5 years, HBT delivered 21.72% and HFWA delivered 5.89% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
HBT Financial & Heritage Financial appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.