Heritage Commerce

Heritage Commerce Corp. is a holding company, which engages in the provision of banking. It operates through the following Banking and Factoring segments. The Banking segment includes holding company's results of operations. The Factoring segment focuses on factoring originated by bay view funding. The company was founded in 1997 and is headquartered in San Jose, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Heritage Commerce Corp. is a bank holding company, which engages in the provision of banking services. It operates under the Banking and Factoring segments. The Factoring segment focuses on factoring originated by Bay View Funding. The company was founded in 1997 and is headquartered in San Jose, CA.

SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2023 net income was $13.3 million, or $0.22 per average diluted common share, compared to $20.8 million, or $0.34 per average diluted common share, for the fourth quarter of 2022, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the year ended December 31, 2023, net income was $64.4 million, or $1.05 per average diluted common share, compared to $66.6 million, or $1.09 per average diluted common share, for the year ended December 31, 2022. All results are unaudited.

Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023

Heritage Commerce (HTBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Heritage Commerce (HTBK) to Report a Decline in Earnings: What to Look Out for

Heritage Commerce (HTBK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Heritage Commerce (HTBK) Surges 6.8%: Is This an Indication of Further Gains?

While the top- and bottom-line numbers for Heritage Commerce (HTBK) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Heritage Commerce (HTBK) Reports Q3 Earnings: What Key Metrics Have to Say

Heritage Commerce (HTBK) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago.

Heritage Commerce (HTBK) Matches Q3 Earnings Estimates

SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its third quarter 2023 net income was $15.8 million, or $0.26 per average diluted common share, compared to $18.1 million, or $0.30 per average diluted common share, for the third quarter of 2022, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the nine months ended September 30, 2023, net income increased 12% to $51.1 million, or $0.83 per average diluted common share, compared to $45.8 million, or $0.75 per average diluted common share, for the nine months ended September 30, 2022. All results are unaudited.

Heritage Commerce Corp Earns $15.8 Million for the Third Quarter of 2023, and $51.1 Million for the First Nine Months of 2023; Supported by Continued Deposit Growth and Strong Credit Quality

SAN JOSE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank” or “HBC”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the promotion of Kimberly Bohn to Homeowners Association (“HOA”) Specialty Banking Division President. In her new role, Ms. Bohn will lead and continue to build all aspects of the Bank's HOA business while pursuing expansion opportunities. The Bank also announced the retirement of Executive Vice President Teresa Powell, effective January 1, 2024.

Heritage Bank of Commerce Promotes Kimberly Bohn to Homeowners Association Specialty Banking Division President

SAN JOSE, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank” or “HBC”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Suzanne Crocker as Senior Vice President, Marketing and Communications. With more than 20 years of experience leading key marketing and communications efforts across the financial services industry, Ms. Crocker will be responsible for driving the Bank's strategic initiatives supporting and enhancing client experience.

Suzanne Crocker Joins Heritage Bank of Commerce as Senior Vice President, Marketing and Communications

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SAN JOSE, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Susan Just as Executive Vice President and Chief Credit Officer, effective September 7, 2023. She will replace the current Executive Vice President and Chief Credit Officer, Margo Butsch, who recently announced her retirement. Ms. Butsch has agreed to assist in an orderly transition process.

Heritage Bank of Commerce Hires Susan Just as Chief Credit Officer

The headline numbers for Heritage Commerce (HTBK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Heritage Commerce (HTBK) Reports Q2 Earnings: What Key Metrics Have to Say

Heritage Commerce (HTBK) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.24 per share a year ago.

Heritage Commerce (HTBK) Q2 Earnings and Revenues Lag Estimates

SAN JOSE, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced second quarter 2023 net income increased 11% to $16.4 million, or $0.27 per average diluted common share, compared to $14.8 million, or $0.24 per average diluted common share, for the second quarter of 2022, and decreased (13%) from $18.9 million, or $0.31 per average diluted common share, for the first quarter of 2023. For the six months ended June 30, 2023, net income increased 28% to $35.3 million, or $0.58 per average diluted common share, compared to $27.7 million, or $0.45 per average diluted common share, for the six months ended June 30, 2022. All results are unaudited.

Heritage Commerce Corp Earns $16.4 Million for the Second Quarter of 2023, and $35.3 Million for the First Six Months of 2023; Continued Deposit Growth

Heritage Commerce (HTBK) to Report Q2 Results: Wall Street Expects Earnings Growth

Heritage Commerce remains oversold compared to its peers due to the US regional banking crisis, making it a potential long-term value recovery play. Despite the downturn in HTBK's stock, the bank has shown minimal unrealized losses on the balance sheet and a strong capitalization position. Management insiders have been buying shares of HTBK, indicating their positive outlook on the stock, and sell-side analysts are targeting a potential uplift of 33% from the current price.

Heritage Commerce: Significantly Oversold Following The U.S. Regional Bank Crisis

SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after eight years with the Bank.  Margo's retirement caps a notable and successful career in banking.

Heritage Commerce Corp announces retirement of Margo Butsch, Executive Vice President and Chief Credit Officer

Given the solid fundamentals, Heritage Commerce (HTBK) stock is worth keeping an eye on for dividends.

Should You Watch Heritage Commerce (HTBK) for Solid Dividend?

SAN JOSE, Calif., June 07, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), has been awarded the 2022 Raymond James Community Bankers Cup, which recognizes the top 10% of community banks in the nation based on various profitability, operational efficiency and balance sheet metrics. This marks the fourth time that the Company has earned this recognition.

Heritage Commerce Corp Awarded the Eleventh Annual Raymond James Community Bankers Cup

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Heritage Commerce (HTBK) came out with quarterly earnings of $0.31 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.21 per share a year ago.

Heritage Commerce (HTBK) Meets Q1 Earnings Estimates

SAN JOSE, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced first quarter 2023 net income increased 47% to $18.9 million, or $0.31 per average diluted common share, compared to $12.9 million, or $0.21 per average diluted common share, for the first quarter of 2022, and decreased (9%) from $20.8 million, or $0.34 per average diluted common share, for the fourth quarter of 2022. All results are unaudited.

Heritage Commerce Corp Earns $18.9 Million for the First Quarter of 2023; Total Deposits Stable

Heritage Commerce (HTBK) Earnings Expected to Grow: Should You Buy?

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Heritage Commerce: 5.7%-Yielding, Dividend Growth Bank At Bargain Basement Prices

Heritage Commerce (HTBK) delivered earnings and revenue surprises of 3.03% and 2.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Heritage Commerce (HTBK) Surpasses Q4 Earnings and Revenue Estimates

News for Heritage Commerce Stock (HTBK)