Heritage Commerce Corp

HTBK

US4269271098

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
8.02 ^USD	+0.25%		-1.47%	-19.15%

Apr. 26	Sector Update: Financial Stocks Mixed Late Afternoon	MT
Apr. 26	Heritage Commerce Shares Down After Q1 Earnings, Revenue Fall	MT

Heritage Commerce Corp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 26, 2023 at 05:59 pm EDT

Heritage Commerce Corp reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 45.37 million compared to USD 48.04 million a year ago. Net income was USD 15.8 million compared to USD 18.07 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.3 a year ago.
For the nine months, net interest income was USD 140.92 million compared to USD 128.14 million a year ago. Net income was USD 51.12 million compared to USD 45.76 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 0.75 a year ago.

Latest news about Heritage Commerce Corp

Sector Update: Financial Stocks Mixed Late Afternoon	Apr. 26	MT
Heritage Commerce Shares Down After Q1 Earnings, Revenue Fall	Apr. 26	MT
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on May 23, 2024	Apr. 25	CI
Heritage Commerce Corp. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024	Apr. 25	CI
Heritage Commerce Corp Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Heritage Commerce Corp Announces Board Changes	Apr. 11	CI
Heritage Commerce Corp Announces the Resignation of Janice Y. Coonley as Executive Vice President and Chief People and Culture Officer, Effective in May 2024	Mar. 06	CI
Keefe, Bruyette & Woods Trims Price Target on Heritage Commerce to $11 From $12, Maintains Outperform Rating	Jan. 26	MT
Heritage Commerce Corp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023	Jan. 26	CI
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on February 22, 2024	Jan. 25	CI
Heritage Commerce Corp Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 25	CI
Heritage Commerce Corp Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
Raymond James Trims Heritage Commerce's Price Target to $9.50 From $10.50, Maintains Outperform Rating	23-10-30	MT
Earnings Flash (HTBK) HERITAGE COMMERCE Reports Q3 EPS $0.26	23-10-26	MT
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on November 21, 2023	23-10-26	CI
Heritage Commerce Corp Reports Unaudited Net Charges Write Offs for the Third Quarter Ended September 30, 2023	23-10-26	CI
Heritage Commerce Corp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
North American Morning Briefing : Stock Futures -2-	23-08-14	DJ
Stephens Downgrades Heritage Commerce to Equalweight From Overweight, Price Target is $10	23-08-11	MT
Heritage Commerce Unit Appoints Susan Just as Executive Vice President and Chief Credit Officer	23-08-01	MT
Raymond James Adjusts Price Target on Heritage Commerce to $10.50 From $10, Maintains Outperform Rating	23-07-31	MT
Heritage Commerce Corp Declares Quarterly Cash Dividend, Payable August 24, 2023	23-07-28	CI
Heritage Commerce Corp Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
Heritage Commerce Chief Credit Officer to Retire	23-06-15	MT
Heritage Commerce Corp Announces Retirement of Margo Butsch, Executive Vice President and Chief Credit Officer	23-06-15	CI

Chart Heritage Commerce Corp

Duration

Period

More charts

Company Profile

Heritage Commerce Corp is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (the Bank). The Bank offers a full range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. Its lending activities are diversified and include commercial, real estate, construction and land development, consumer and small business administration (SBA) guaranteed loans. The Bank offers a wide range of deposit products for business banking and retail markets. It offers a multitude of other products and services to complement its lending and deposit services. In addition, through its subsidiary, CSNK Working Capital Finance Corp, it provides factoring financing throughout the United States. The Companyâs operations are located in the general San Francisco Bay Area of California in the counties of Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara.

Sector

Banks

Calendar

2024-05-22 - Annual General Meeting

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Heritage Commerce Corp

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8 USD

Average target price

10.33 USD

Spread / Average Target

+29.17%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Commercial Banks

	1st Jan change	Capi.
HERITAGE COMMERCE CORP	-19.15%	489M
AGRICULTURAL BANK OF CHINA LIMITED	+18.60%	210B
PT BANK CENTRAL ASIA TBK	+4.26%	73.14B
ANZ GROUP HOLDINGS LIMITED	+8.29%	54.82B
INDUSTRIAL BANK CO., LTD.	+3.27%	47.1B
CHINA CITIC BANK CO., LTD.	+21.47%	44.81B
JAPAN POST BANK CO., LTD.	+10.93%	36.6B
QATAR NATIONAL BANK (Q.P.S.C.)	-16.09%	35.14B
INVEST BANK	-96.60%	32.24B
FIFTH THIRD BANCORP	+7.28%	25.23B

Commercial Banks