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Heritage Commerce Corp

Financial Services US HTBK

NoneUSD
0.00(0%)

Last update at 2026-05-21T21:49:36.422712Z

Day Range

--
LowHigh

52 Week Range

6.859.90
LowHigh

Fundamentals

  • Previous Close -
  • Market Cap499.24M
  • VolumeNone
  • P/E Ratio8.96
  • Dividend Yield6.38%
  • Revenue TTM181.44M
  • Revenue Per Share TTM2.97
  • Gross Profit TTM 189.22M
  • Diluted EPS TTM0.91

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 94.37M 65.87M 49.07M 56.31M 48.66M
Minority interest - - - - -
Net income 66.56M 47.70M 35.30M 40.46M 35.33M
Selling general administrative 55.33M 51.86M 50.93M 50.75M 45.00M
Selling and marketing expenses - - - - -
Gross profit 189.99M 155.81M 151.81M 142.06M 131.60M
Reconciled depreciation 3.76M 4.07M 4.70M 3.58M 2.70M
Ebit 103.31M 65.87M 49.07M 56.31M 56.48M
Ebitda 107.07M 69.94M 53.77M 59.90M 59.17M
Depreciation and amortization 3.76M 4.07M 4.70M 3.58M 2.70M
Non operating income net other - - - - -
Operating income 103.31M 65.87M 49.07M 56.31M 56.48M
Other operating expenses 5.01M -89.94300M -102.74400M -85.74400M 75.12M
Interest expense 8.95M 7.13M 8.58M 10.85M 7.82M
Tax provision 27.81M 18.17M 13.77M 15.85M 13.32M
Interest income 188.83M 153.26M 150.47M 142.66M 129.84M
Net interest income 179.88M 146.12M 141.89M 131.81M 122.02M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 27.81M 18.17M 13.77M 15.85M 13.32M
Total revenue 189.99M 155.81M 151.81M 142.06M 131.60M
Total operating expenses 5.01M -89.94300M -102.74400M -85.74400M -75.12000M
Cost of revenue - - - - 0.00000M
Total other income expense net -8.94800M -7.13100M -8.58100M -10.84700M -7.82200M
Discontinued operations - - - - -
Net income from continuing ops 66.56M 47.70M 62.84M 72.16M 61.98M
Net income applicable to common shares 66.56M 47.70M 35.30M 40.46M 35.33M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 5194.10M 5154.22M 5499.41M 4634.11M 4109.46M
Intangible assets 8.63M 11.03M 13.67M 16.66M 20.41M
Earning assets - - - - 1210.20M
Other current assets 423.20M -518.76200M 3054.24M 2451.83M 2212.66M
Total liab 4521.19M 4521.77M 4901.38M 4056.22M 3532.76M
Total stockholder equity 672.90M 632.46M 598.03M 577.89M 576.71M
Deferred long term liab - - - - -
Other current liab 2211.24M 3.33M -102.04400M -101.99900M -78.43300M
Common stock 506.54M 502.92M 497.69M 493.71M 489.75M
Capital stock 506.54M 502.92M 497.69M 493.71M 489.75M
Retained earnings 179.09M 146.39M 111.33M 94.90M 96.74M
Other liab - 62.51M 66.63M 65.53M 64.34M
Good will 167.63M 167.63M 167.63M 167.63M 167.42M
Other assets - 2872.01M 3021.74M 2418.31M 2182.81M
Cash 408.13M 306.60M 1306.22M 1131.07M 457.37M
Cash and equivalents - - - - -
Total current liabilities 2217.90M 96.17M 102.04M 102.00M 78.43M
Current deferred revenue - - 102.00M 101.86M -
Net debt -336.95300M -267.25300M -1266.29100M -1091.33300M -417.48800M
Short term debt 6.66M 0.02M 0.04M 0.14M 0.33M
Short long term debt - - - 0.00000M 0.33M
Short long term debt total 71.18M 39.35M 39.92M 39.74M 39.88M
Other stockholder equity - 5401.22M 5166.29M 4434.33M -489.74500M
Property plant equipment - 9.30M 9.64M 10.46M 8.25M
Total current assets 423.20M 889.66M 1526.08M 1487.89M 959.18M
Long term investments 1093.20M 1204.59M 760.65M 2845.86M 3312.84M
Net tangible assets - 453.79M 416.73M 393.59M 388.87M
Short term investments 442.64M 489.60M 102.25M 235.77M 404.82M
Net receivables - 122.63M 117.61M 121.04M 96.98M
Long term debt 39.50M 39.35M 39.92M 39.74M 39.55M
Inventory - - -32.50400M - -
Accounts payable - 92.81M 102.04M 102.00M 78.11M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -12.73000M -16.85600M -10.99600M -10.71700M -9.77800M
Additional paid in capital - - - - -
Common stock total equity - 502.92M 497.69M 493.71M 489.75M
Preferred stock total equity - - - - -
Retained earnings total equity - 146.39M 111.33M 94.90M 96.74M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 111.31M -1392.55100M -951.58700M -727.91700M -967.47000M
Deferred long term asset charges - - - - -
Non current assets total 4770.89M 1392.55M 951.59M 727.92M 967.47M
Capital lease obligations - - - - -
Long term debt total - 39.35M 39.92M 39.74M 39.55M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -483.87400M -293.27400M 148.38M 153.45M 41.81M
Change to liabilities -2.07800M -1.08400M -6.64100M -6.49200M 1.22M
Total cashflows from investing activities -669.48700M -696.83100M 145.59M 271.24M 77.66M
Net borrowings -0.72600M -0.72600M -0.32800M -10.41400M -10.11400M
Total cash from financing activities -399.97900M 815.12M 470.02M -28.78000M -277.88200M
Change to operating activities -2.07800M -1.08400M -6.64100M -6.49200M 1.22M
Net income 66.56M 47.70M 35.30M 40.46M 35.33M
Change in cash -999.61300M 175.14M 673.70M 292.80M -151.65400M
Begin period cash flow 1306.22M 1131.07M 457.37M 164.57M 316.22M
End period cash flow 306.60M 1306.22M 1131.07M 457.37M 164.57M
Total cash from operating activities 69.85M 56.85M 58.09M 50.34M 48.57M
Issuance of capital stock - - - - -
Depreciation 3.76M 4.07M 4.70M 3.58M 2.70M
Other cashflows from investing activities -184.83000M -403.30500M 0.37M 117.99M 36.03M
Dividends paid -31.49500M -31.27000M -31.07900M -22.72300M 18.46M
Change to inventory - - - - -
Change to account receivables 0.98M 6.13M 8.10M 8.41M 1.57M
Sale purchase of stock 2.05M 1.47M 1.71M 185.60M 78.00M
Other cashflows from financing activities -328.48400M 846.39M 501.10M 4.24M -337.42300M
Change to netincome -1.13300M -5.06100M 11.30M 0.98M 2.94M
Capital expenditures 0.78M 0.25M 3.16M 0.20M 0.19M
Change receivables 0.98M 6.13M 8.10M 8.41M 1.57M
Cash flows other operating 1.09M 0.40M 0.65M 0.18M 0.49M
Exchange rate changes - - - - -
Cash and cash equivalents changes -999.61300M 175.14M 673.70M 292.80M -151.65400M
Change in working capital -1.10000M 5.04M 1.46M 1.92M 2.79M
Stock based compensation 3.18M 2.52M 2.25M 1.92M 1.82M
Other non cash items -2.53600M -1.27800M -1.48700M 0.37M -4.30800M
Free cash flow 69.07M 56.60M 54.93M 50.14M 48.38M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
HTBK
Heritage Commerce Corp		 - -% - 8.96 9.09 2.53 0.72
HDB
HDFC Bank Limited ADR		 0.23 1.02% 23.25 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 -0.27 0.88% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd		 0.16 0.32% 50.61 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H		 - -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

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Profile

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

Heritage Commerce Corp

224 Airport Parkway, San Jose, CA, United States, 95110

Key Executives

Name Title Year Born
Mr. Robertson Jones Pres, CEO & Director 1971
Mr. Walter T. Kaczmarek Director 1952
Mr. Lawrence D. McGovern Exec. VP & CFO 1955
Mr. Michael V. Hansen Sr. VP of Corp. Fin. Division NA
Mr. Jeffrey Javits EVP & Chief Information Officer NA
Ms. Deborah K. Reuter Exec. VP, Chief Risk Officer & Corp. Sec. 1954
Diana Olveira VP and Marketing Director NA
Ms. May K. Y. Wong Exec. VP & Controller NA
Mr. Jeffrey Perkins Sr. VP & Central Coast Regional Mang. NA
Ms. Teresa L. Powell Exec. VP of HOA & Deposit Services NA

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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