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HTBK

Heritage Commerce Corp

HTBK

Heritage Commerce Corp • NASDAQ
$10.89 ▼ -1.00% (-0.11)
Market Cap $668.78 M
52w High $11.17
52w Low $8.09
Dividend Yield 0.52%
P/E 15.56
Volume 101.44K
Outstanding Shares 61.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $67.199M ▲ $27.914M ▼ $14.698M ▲ 21.872% ▲ $0.24 ▲ $21.325M ▲
Q2-2025 $65.043M ▲ $37.376M ▲ $6.389M ▼ 9.823% ▼ $0.1 ▼ $9.7M ▼
Q1-2025 $63.65M ▼ $28.578M ▼ $11.626M ▲ 18.266% ▲ $0.19 ▲ $17.126M ▲
Q4-2024 $69.315M ▲ $32.801M ▲ $10.621M ▲ 15.323% ▼ $0.17 $15.626M ▲
Q3-2024 $62.869M $26.746M $10.507M 16.713% $0.17 $15.35M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.101B ▲ $5.624B ▲ $4.924B ▲ $700.01M ▲
Q2-2025 $747.186M ▼ $5.467B ▼ $4.773B ▼ $694.704M ▼
Q1-2025 $1.116B ▼ $5.514B ▼ $4.818B ▼ $696.19M ▲
Q4-2024 $1.224B ▲ $5.645B ▲ $4.955B ▲ $689.727M ▲
Q3-2024 $1.194B $5.552B $4.866B $685.352M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.698M ▲ $18.867M ▲ $-132.202M ▼ $139.285M ▲ $25.95M ▲ $18.895M ▲
Q2-2025 $6.389M ▼ $8.004M ▼ $34.552M ▲ $-65.814M ▲ $-23.258M ▲ $7.718M ▼
Q1-2025 $11.626M ▲ $14.832M ▼ $-94.141M ▼ $-143.764M ▼ $-223.073M ▼ $14.832M ▼
Q4-2024 $10.621M ▲ $15.819M ▲ $-86.747M ▼ $82.741M ▼ $11.813M ▼ $15.713M ▲
Q3-2024 $10.507M $5.305M $25.755M $276.99M $308.05M $4.869M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Service charges and fees on deposit accounts
Service charges and fees on deposit accounts
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Heritage Commerce has grown its revenue steadily over the past five years, showing it can attract and keep more business. Profitability, however, peaked a couple of years ago and has eased since then. Net income and earnings per share have come down from their highs, suggesting pressure from higher funding costs, competitive pricing, or credit and operating expenses. Overall, the bank remains profitable, but recent years point to a tougher earnings environment than earlier in the period.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and conservative. Total assets have trended upward over time, while shareholder equity has gradually increased, which supports stability and regulatory strength. The bank carries very little formal debt, a plus for financial resilience. Cash levels have moved around quite a bit, swinging from very strong to more modest and then partially recovering, which likely reflects shifts in deposits, securities, and loan growth as interest rates and liquidity conditions changed.

Cash Flow

Cash Flow Cash generation from the core banking business has been consistently positive, even though there has been some softening in the most recent year. Free cash flow closely matches operating cash flow, because capital spending is very light, typical for a relationship-focused community bank that relies on existing branches and third‑party tech rather than heavy physical or manufacturing investment. Overall, cash flow is steady rather than spectacular, but provides a reasonable foundation to support operations, dividends, and balance sheet strength.

Competitive Edge

Competitive Edge Heritage Commerce competes as a regional, relationship‑driven bank in Northern California, with a strong presence in the Bay Area. Its edge comes from deep local knowledge, a consultative approach to business clients, and focus on niche segments like homeowner associations, nonprofits, and factoring through Bay View Funding. These specializations make customers “stickier” than in purely price‑driven banking. Risks include intense competition from large national banks and digital‑first players, plus geographic concentration in a cyclical, tech‑heavy region.

Innovation and R&D

Innovation and R&D The bank is not a technology pioneer in the fintech sense, but it uses technology pragmatically to support, not replace, human relationships. Its mobile and online platforms cover standard digital banking needs, with added tools like enhanced card controls and cash‑management services for businesses. Management has highlighted ongoing system and infrastructure upgrades, aiming for better efficiency and client experience rather than headline‑grabbing innovation. In banking terms, this is more about steady modernization than experimental R&D.

Summary

Heritage Commerce is a steady, relationship‑oriented regional bank that has grown revenue over time but is facing a more challenging profitability backdrop than a few years ago. Its conservative balance sheet, modest leverage, and consistent cash generation provide a solid base. The bank’s strength lies in local expertise, tailored services for specific niches, and a focus on business customers, supported by practical digital tools. Key things to watch going forward are how it manages margins in a changing rate environment, maintains credit quality in a concentrated market, and continues to upgrade technology without losing its high‑touch service model.

NEWS

October 23, 2025 · 5:35 PM UTC

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share

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October 23, 2025 · 5:23 PM UTC

Heritage Commerce Corp Reports Third Quarter and First Nine Months of 2025 Financial Results

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