Heritage Commerce Corp (HTBK) |
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Heritage Commerce Growth Comparisons
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HTBK's Growth Comparisons in III. Quarter 2024
Heritage Commerce reported sharp revenue fall by -11.43% from the same quarter a year ago, in the third quarter 2024, despite the minor revenue decline in the Regional Banks industry by -1.12%, and underperformed the 9.51% Revenue growth in the Financial sector. The Financial sector grew above market average, while Regional Banks industry and Heritage Commerce Corp results underperformed, in the third quarter. Comparing the company's Revenue to the second quarter results, revenue were higher by 1.8% . On the yearly basis, average annual revenue growth for Heritage Commerce is 9.05%, while S & P 500's including only Businesses with the third quarter 2024 earnings, average annual revenue growth is 7.56% over the past five years.
HTBK Growth Rates by Company's Segments
Sales & Income Growth Rates |
Y / Y |
Seq. |
Y / Y |
Seq. |
Service charges and fees on deposit accounts |
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5.7 % |
- |
- |
- |
Total |
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-11.43 % |
1.8 % |
-33.48 % |
13.79 % |
Growth Rates of HTBK's Income in the third quarter 2024
HTBK's EPS Growth Rates
Heritage Commerce's EPS were sliced by -34.62% in the third quarter from the same quarter a year ago, to $ 0.17, while income per share in Regional Banks industry grew by 92.95%, and underperformed the 33.95% EPS increase in the Financial sector. Although both Regional Banks industry and Financial sector posted higher gains than -9.63% overall market increase, Heritage Commerce was trailing overall market in the third quarter. The bottom-line improved by 13.33% from the second quarter. Looking into annual income per share rise of 4.56%, and S & P 500's average yearly income per share growth is 7.37% over the five years, including only Businesses with the third quarter 2024 earnings reports. Heritage Commerce grew less than the market.
HTBK Cash Flow Growth Rates
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