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Heritage Commerce Corp  (HTBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Heritage Commerce Corp

HTBK's Financial Statements and Analysis



Heritage Commerce Corp reported in the forth quarter of 2023 net earnings per share of $0.21 a decrease by -37.86 % year on year from $0.34 and decline of -19.26 % from $0.26 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.21 $  44 Mill
$-0.13     -37.86 % $-10M     -18.61 %



Heritage Commerce's Revenue fell by -18.61 % in forth quarter of 2023 (Dec 31 2023) year on year, to $44 million and declined by -7.31 % sequentially.


Heritage Commerce is

More on HTBK's Income Statement



Heritage Commerce's net income of $13.328 million in the forth quarter of 2023 decreased by -35.92 % from net earnings of $20.799 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -15.62 % from net income of $15.795 million realized in previous quarter.

More on HTBK's Growth

Heritage Commerce Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-237 million, capital expenditures fell by -0.144203.47%, to $0 millions compare to same quarter a year ago

More on HTBK's Cash flow Statement


Heritage Commerce Corp payed out dividend of $0.52 per share in last 52 weeks representing 49.52 % of net earning per share in trailing twelve-month period.

During the same period Heritage Commerce Corp earned $ 1.19 cash per share, on a free-cash flow basis 113.29 % of net earning per share.

Book value grew by 0.62 % sequentially to $10.96 per share, 57.71% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 8.09 per share from $ 7.98.

Company issued 0.62 million shares or 1.03 % in Dec 31 2023.
Interest Coverage Ratio was 2.77. Debt Coverage Ratio was 1.24.

More on HTBK's Dividends

 Market Capitalization (Millions) 504
 Shares Outstanding (Millions) 61
 Total Debt (Millions $) 40
 Revenue (TTM) (Millions $) 191
 Net Income (TTM) (Millions $) 64
 Cash Flow (TTM) (Millions $) 102
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0.52 $
 Dividend Yield TTM (%) 6.33 %
 Employees (TTM) $ 260




Heritage Commerce Corp payed out dividend of $0.52 per share in the last 52 weeks representing 49.52 % of net earning per share in trailing twelve-month period.

During the same period Heritage Commerce Corp had $ 1.19 cash flow per share, on a free-cash flow basis 113.29 % of net earning per share.

Book value grew by 0.62 % sequentially to $10.96 per share, 57.71% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 8.09 per share from $ 7.98.

Company issued 0.62 million shares or 1.03 % in Dec 31 2023.
Interest Coverage Ratio was 2.77. Debt Coverage Ratio was 1.24.

More on HTBK's Balance Sheets

 Market Capitalization (Millions) 504
 Shares Outstanding (Millions) 61
 Total Debt (Millions $) 40
 Revenue (TTM) (Millions $) 191
 Net Income (TTM) (Millions $) 64
 Cash Flow (TTM) (Millions $) 102
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0.52 $
 Dividend Yield TTM (%) 6.33 %
 Employees (TTM) $ 260
   


  News about Heritage Commerce Corp Earnings

Heritage Commerce Corp Reports Significant Top-Line Contraction in Fourth Quarter 2023 Earnings

Heritage Commerce Corp (Nasdaq: HTBK), the parent company for Heritage Bank of Commerce, recently announced its financial results for the fourth quarter of 2023 and the fiscal year ended December 31, 2023. The company reported a net income of $13.3 million for the fourth quarter, compared to $20.8 million in the same period the previous year. For the full year, net income was $64.4 million, compared to $66.6 million in the previous year.
Despite a decrease in net income, Heritage Commerce Corp has demonstrated its commitment to its shareholders by announcing a regular quarterly cash dividend of $0.13 per share. This dividend will be payable on February 22, 2024, to shareholders of record as of February 8...

Heritage Commerce Corp Maintains Steady Momentum in Third Quarter 2023 Efforts

Heritage Commerce Corp (Nasdaq: HTBK) recently announced its financial results for the fiscal period ending September 30, 2023, showing a decline in income and revenue compared to the previous year. The company reported a 13.33% decrease in income, amounting to $0.26 per share, and a 4.81% decline in revenue, totalling $47.42 million. This is in contrast to the overall trend in the Regional Banks sector, which saw a 1.64% improvement in revenue during the same period.
In comparison to the previous quarter, Heritage Commerce Corp also experienced a decrease in revenue, down 1.428% from $48.11 million, and a decline in earnings per share, down 3.7% from $0.27 per share. The company's earnings for the fisca...

Heritage Commerce Corp Reports Stable Growth in Q2 2023 with Positive Financial Outlook Despite Industry Underperformance

Heritage Commerce Corp, a regional bank, recently announced its financial results for the April to June 2023 fiscal interval. The company reported positive growth in revenue and earnings per share (EPS), although it underperformed compared to its industry peers.
During the specified fiscal interval, Heritage Commerce Corp's revenue increased by 8.943% to $48.11 million, compared to $44.16 million in the previous year's reporting period. This signifies a healthy growth rate for the company. Additionally, the company's EPS grew by 12.5% to $0.27 per share, up from $0.24 in the prior year's reporting period. This indicates increased profitability for the company and suggests that it effectively managed its ...

Heritage Commerce Corp Achieves Spectacular Growth with 26% Top-line Surge Amidst Pandemic Challenges

Heritage Commerce Corp is a banking corporation that offers commercial banking and financial services to businesses and individuals in California. The bank has been in operation since 1998, and over the years, it has grown to become a leading financial institution in the region.
The recent financial results that Heritage Commerce Corp announced are impressive, especially considering the challenges brought about by the COVID-19 pandemic. The company's revenue increased by 26.047% to $51.99 million, and profit per share surged by 47.62% to $0.31 per share, year on year. These figures show that the bank's business strategies are bearing fruit, and they are on the right path to achieving their financial goal...


Date modified: 2024-03-11T21:00:19+00:00





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