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Heritage Commerce (HTBK) Financials

Heritage Commerce logo
$9.28 +0.24 (+2.65%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$9.28 0.00 (0.00%)
As of 05/27/2025 04:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Heritage Commerce

Annual Income Statements for Heritage Commerce

This table shows Heritage Commerce's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
41 64 67
Consolidated Net Income / (Loss)
41 64 67
Net Income / (Loss) Continuing Operations
41 64 67
Total Pre-Tax Income
57 90 94
Total Revenue
172 192 190
Net Interest Income / (Expense)
164 183 180
Total Interest Income
243 234 189
Loans and Leases Interest Income
183 178 153
Investment Securities Interest Income
22 28 22
Deposits and Money Market Investments Interest Income
38 28 14
Total Interest Expense
79 51 8.95
Deposits Interest Expense
77 48 6.77
Short-Term Borrowings Interest Expense
0.00 1.37 0.00
Long-Term Debt Interest Expense
2.15 2.15 2.18
Total Non-Interest Income
8.75 9.00 10
Other Service Charges
5.96 6.36 7.00
Net Realized & Unrealized Capital Gains on Investments
0.69 0.48 1.19
Other Non-Interest Income
2.10 2.16 1.93
Provision for Credit Losses
2.14 0.75 0.77
Total Non-Interest Expense
114 101 95
Salaries and Employee Benefits
64 57 55
Net Occupancy & Equipment Expense
10 9.49 9.64
Other Operating Expenses
39 35 30
Income Tax Expense
16 26 28
Basic Earnings per Share
$0.66 $1.06 $1.10
Weighted Average Basic Shares Outstanding
61.44M 61.17M 60.90M
Diluted Earnings per Share
$0.66 $1.05 $1.09
Weighted Average Diluted Shares Outstanding
61.44M 61.17M 60.90M
Weighted Average Basic & Diluted Shares Outstanding
61.44M 61.17M 60.90M
Cash Dividends to Common per Share
$0.52 $0.52 $0.52

Quarterly Income Statements for Heritage Commerce

This table shows Heritage Commerce's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
11 11 9.23 10 13 16 16 19 21 18
Consolidated Net Income / (Loss)
11 11 9.23 10 13 16 16 19 21 18
Net Income / (Loss) Continuing Operations
11 11 9.23 10 13 16 16 19 21 18
Total Pre-Tax Income
15 14 13 14 18 22 23 27 29 26
Total Revenue
46 42 42 42 44 48 48 52 55 51
Net Interest Income / (Expense)
44 40 39 40 42 45 46 49 52 48
Total Interest Income
65 61 59 58 59 61 58 56 55 50
Loans and Leases Interest Income
47 46 45 45 45 45 44 44 43 39
Investment Securities Interest Income
4.69 4.90 5.71 6.41 6.74 7.03 7.22 7.30 7.20 6.13
Deposits and Money Market Investments Interest Income
13 11 7.90 6.54 7.51 8.91 7.09 4.86 5.49 5.17
Total Interest Expense
20 22 20 17 17 15 12 7.02 3.45 2.13
Deposits Interest Expense
20 21 19 17 16 15 11 5.90 2.92 1.60
Long-Term Debt Interest Expense
0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54
Total Non-Interest Income
2.19 2.24 2.28 2.05 1.94 2.22 2.07 2.77 2.77 2.78
Other Service Charges
1.53 1.62 1.46 1.35 1.40 1.39 1.37 2.20 2.29 1.96
Net Realized & Unrealized Capital Gains on Investments
0.13 0.09 0.30 0.18 -0.10 0.31 0.20 0.08 0.03 0.34
Other Non-Interest Income
0.53 0.53 0.52 0.52 0.64 0.52 0.50 0.49 0.45 0.48
Provision for Credit Losses
1.33 0.15 0.47 0.18 0.29 0.17 0.26 0.03 0.51 1.01
Total Non-Interest Expense
30 28 28 28 25 25 25 25 25 24
Salaries and Employee Benefits
17 16 16 16 14 14 14 15 14 14
Net Occupancy & Equipment Expense
2.50 2.60 2.69 2.44 2.37 2.30 2.42 2.40 2.51 2.42
Other Operating Expenses
11 9.28 9.71 9.58 9.21 8.72 8.58 8.19 8.09 7.37
Income Tax Expense
4.11 3.94 3.84 4.25 5.14 6.45 6.71 7.67 8.69 7.85
Basic Earnings per Share
$0.17 $0.17 $0.15 $0.17 $0.22 $0.26 $0.27 $0.31 $0.35 $0.30
Weighted Average Basic Shares Outstanding
61.44M 61.30M 61.29M 61.26M 61.17M 61.10M 61.09M 60.97M 60.90M 60.72M
Diluted Earnings per Share
$0.17 $0.17 $0.15 $0.17 $0.21 $0.26 $0.27 $0.31 $0.34 $0.30
Weighted Average Diluted Shares Outstanding
61.44M 61.30M 61.29M 61.26M 61.17M 61.10M 61.09M 60.97M 60.90M 60.72M
Weighted Average Basic & Diluted Shares Outstanding
61.44M 61.30M 61.29M 61.26M 61.17M 61.10M 61.09M 60.97M 60.90M 60.72M

Annual Cash Flow Statements for Heritage Commerce

This table details how cash moves in and out of Heritage Commerce's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
560 102 -1,000
Net Cash From Operating Activities
39 73 70
Net Cash From Continuing Operating Activities
39 73 70
Net Income / (Loss) Continuing Operations
41 64 67
Consolidated Net Income / (Loss)
41 64 67
Provision For Loan Losses
2.14 0.75 0.77
Depreciation Expense
1.34 1.12 1.12
Amortization Expense
0.67 -0.86 4.44
Non-Cash Adjustments to Reconcile Net Income
-0.56 -0.91 -1.93
Changes in Operating Assets and Liabilities, net
-5.15 8.48 -1.10
Net Cash From Investing Activities
111 70 -669
Net Cash From Continuing Investing Activities
111 70 -669
Purchase of Property, Leasehold Improvements and Equipment
-1.62 -1.67 -0.78
Purchase of Investment Securities
-173 -52 -780
Sale and/or Maturity of Investments
285 124 111
Net Cash From Financing Activities
410 -42 -400
Net Cash From Continuing Financing Activities
410 -42 -400
Net Change in Deposits
442 -11 -370
Issuance of Debt
0.00 0.00 39
Repayment of Debt
0.00 0.00 -40
Payment of Dividends
-32 -32 -31
Other Financing Activities, Net
0.69 1.22 2.05
Cash Interest Paid
77 47 8.65
Cash Income Taxes Paid
13 28 25

Quarterly Cash Flow Statements for Heritage Commerce

This table details how cash moves in and out of Heritage Commerce's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
12 308 107 133 -237 134 -229 433 -375 -195
Net Cash From Operating Activities
16 5.31 11 7.34 -4.58 17 31 30 27 16
Net Cash From Continuing Operating Activities
16 5.31 11 7.34 -4.58 17 31 30 27 16
Net Income / (Loss) Continuing Operations
11 11 9.23 10 13 16 16 19 21 18
Consolidated Net Income / (Loss)
11 11 9.23 10 13 16 16 19 21 18
Provision For Loan Losses
1.33 0.15 0.47 0.18 0.29 0.17 0.26 0.03 0.51 1.01
Depreciation Expense
0.36 0.35 0.33 0.30 0.29 0.28 0.27 0.27 0.27 0.28
Amortization Expense
0.32 0.35 0.03 -0.04 -0.11 -0.24 -0.27 -0.24 -0.19 1.31
Non-Cash Adjustments to Reconcile Net Income
-0.73 0.24 -0.15 0.08 -1.61 1.98 -0.60 -0.68 -0.71 -0.13
Changes in Operating Assets and Liabilities, net
3.91 -6.29 0.59 -3.36 -17 -1.13 15 12 6.46 -4.36
Net Cash From Investing Activities
-87 26 104 67 -28 50 -7.90 56 -102 -273
Net Cash From Continuing Investing Activities
-87 26 104 67 -28 50 -7.90 56 -102 -273
Purchase of Property, Leasehold Improvements and Equipment
-0.11 -0.44 -0.65 -0.43 -0.44 -0.79 -0.33 -0.11 -0.14 -0.12
Purchase of Investment Securities
-112 -31 -44 14 -65 3.05 -27 36 -121 -297
Sale and/or Maturity of Investments
26 57 149 54 37 48 19 19 19 24
Net Cash From Financing Activities
83 277 -7.96 59 -205 67 -251 348 -300 62
Net Cash From Continuing Financing Activities
83 277 -7.96 59 -205 67 -251 348 -300 62
Net Change in Deposits
90 285 -0.05 66 -197 75 56 55 -294 70
Payment of Dividends
-7.97 -7.97 -7.97 -7.95 -7.94 -7.94 -7.94 -7.92 -7.90 -7.89
Other Financing Activities, Net
0.21 0.04 0.06 0.39 0.22 - 0.31 0.68 1.18 0.02
Cash Interest Paid
21 21 19 16 17 13 12 5.66 3.78 1.56
Cash Income Taxes Paid
0.88 2.65 - - 28 0.01 - - 6.00 7.02

Annual Balance Sheets for Heritage Commerce

This table presents Heritage Commerce's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
5,645 5,194 5,158
Cash and Due from Banks
30 42 28
Interest Bearing Deposits at Other Banks
938 367 279
Trading Account Securities
259 445 492
Loans and Leases, Net of Allowance
3,443 3,302 3,251
Loans and Leases
3,492 3,350 3,299
Allowance for Loan and Lease Losses
49 48 48
Premises and Equipment, Net
10 9.86 9.30
Goodwill
168 168 168
Intangible Assets
6.44 8.63 11
Other Assets
791 853 920
Total Liabilities & Shareholders' Equity
5,645 5,194 5,158
Total Liabilities
4,955 4,521 4,525
Non-Interest Bearing Deposits
1,214 1,292 1,737
Interest Bearing Deposits
3,606 3,086 2,653
Accrued Interest Payable
96 103 96
Long-Term Debt
40 40 39
Total Equity & Noncontrolling Interests
690 673 632
Total Preferred & Common Equity
690 673 632
Preferred Stock
0.00 0.00 0.00
Total Common Equity
690 673 632
Common Stock
510 507 503
Retained Earnings
188 179 146
Accumulated Other Comprehensive Income / (Loss)
-8.11 -13 -17

Quarterly Balance Sheets for Heritage Commerce

This table presents Heritage Commerce's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
5,552 5,263 5,256 5,403 5,312 5,537 5,431
Cash and Due from Banks
50 37 33 40 43 41 41
Interest Bearing Deposits at Other Banks
907 611 509 605 469 699 641
Trading Account Securities
239 275 406 458 489 495 481
Loans and Leases, Net of Allowance
3,362 3,332 3,288 3,238 3,241 0.00 0.00
Loans and Leases
3,410 3,380 3,336 3,285 3,289 - -
Allowance for Loan and Lease Losses
48 48 48 48 48 - -
Premises and Equipment, Net
10 10 9.99 9.71 9.20 9.14 9.43
Goodwill
168 168 168 168 168 168 168
Intangible Assets
6.97 7.52 8.07 9.23 9.83 10 12
Other Assets
809 823 834 875 884 4,115 4,080
Total Liabilities & Shareholders' Equity
5,552 5,263 5,256 5,403 5,312 5,537 5,431
Total Liabilities
4,866 4,584 4,580 4,741 4,658 4,889 4,822
Non-Interest Bearing Deposits
1,272 1,187 1,242 1,244 1,320 1,469 1,884
Interest Bearing Deposits
3,457 3,257 3,203 3,332 3,181 2,975 2,800
Accrued Interest Payable
97 100 96 126 118 105 99
Long-Term Debt
40 40 40 39 39 39 39
Total Equity & Noncontrolling Interests
685 679 676 662 654 647 610
Total Preferred & Common Equity
685 679 676 662 654 647 610
Preferred Stock
0.00 0.00 - 0.00 0.00 0.00 0.00
Total Common Equity
685 679 676 662 654 647 610
Common Stock
509 508 508 506 505 504 501
Retained Earnings
185 183 181 174 166 157 133
Accumulated Other Comprehensive Income / (Loss)
-8.89 -12 -13 -17 -17 -14 -25

Annual Metrics And Ratios for Heritage Commerce

This table displays calculated financial ratios and metrics derived from Heritage Commerce's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
-10.31% 1.17% 21.94%
EBITDA Growth
-35.28% -9.26% 31.98%
EBIT Growth
-37.32% -4.18% 43.26%
NOPAT Growth
-37.11% -3.17% 39.53%
Net Income Growth
-37.11% -3.17% 39.53%
EPS Growth
-37.14% -3.67% 37.97%
Operating Cash Flow Growth
-46.62% 4.52% 22.87%
Free Cash Flow Firm Growth
-1.24% -27.08% 19.46%
Invested Capital Growth
2.38% 6.04% 5.31%
Revenue Q/Q Growth
1.25% -5.07% 7.71%
EBITDA Q/Q Growth
-5.20% -10.75% 8.45%
EBIT Q/Q Growth
-6.17% -10.87% 12.09%
NOPAT Q/Q Growth
-6.26% -10.39% 11.44%
Net Income Q/Q Growth
-6.26% -10.39% 11.44%
EPS Q/Q Growth
-5.71% -11.02% 12.37%
Operating Cash Flow Q/Q Growth
109.85% -30.29% 16.12%
Free Cash Flow Firm Q/Q Growth
19.79% 23.24% -20.02%
Invested Capital Q/Q Growth
0.61% 1.57% 3.54%
Profitability Metrics
- - -
EBITDA Margin
34.04% 47.17% 52.59%
EBIT Margin
32.87% 47.04% 49.67%
Profit (Net Income) Margin
23.51% 33.53% 35.03%
Tax Burden Percent
71.51% 71.27% 70.53%
Interest Burden Percent
100.00% 100.00% 100.00%
Effective Tax Rate
28.49% 28.73% 29.47%
Return on Invested Capital (ROIC)
5.62% 9.31% 10.16%
ROIC Less NNEP Spread (ROIC-NNEP)
5.62% 9.31% 10.16%
Return on Net Nonoperating Assets (RNNOA)
0.33% 0.56% 0.65%
Return on Equity (ROE)
5.95% 9.87% 10.82%
Cash Return on Invested Capital (CROIC)
3.27% 3.45% 4.99%
Operating Return on Assets (OROA)
1.05% 1.75% 1.77%
Return on Assets (ROA)
0.75% 1.25% 1.25%
Return on Common Equity (ROCE)
5.95% 9.87% 10.82%
Return on Equity Simple (ROE_SIMPLE)
5.88% 9.58% 10.52%
Net Operating Profit after Tax (NOPAT)
41 64 67
NOPAT Margin
23.51% 33.53% 35.03%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
43.03% 34.52% 34.20%
Operating Expenses to Revenue
65.88% 52.57% 49.93%
Earnings before Interest and Taxes (EBIT)
57 90 94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
59 91 100
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.82 0.84 1.10
Price to Tangible Book Value (P/TBV)
1.10 1.14 1.53
Price to Revenue (P/Rev)
3.29 2.94 3.66
Price to Earnings (P/E)
14.00 8.77 10.44
Dividend Yield
5.62% 5.62% 4.54%
Earnings Yield
7.14% 11.41% 9.58%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.28 0.64
Enterprise Value to Revenue (EV/Rev)
0.00 1.02 2.25
Enterprise Value to EBITDA (EV/EBITDA)
0.00 2.17 4.28
Enterprise Value to EBIT (EV/EBIT)
0.00 2.17 4.53
Enterprise Value to NOPAT (EV/NOPAT)
0.00 3.05 6.42
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 2.69 6.12
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 8.23 13.07
Leverage & Solvency
- - -
Debt to Equity
0.06 0.06 0.06
Long-Term Debt to Equity
0.06 0.06 0.06
Financial Leverage
0.06 0.06 0.06
Leverage Ratio
7.95 7.93 8.66
Compound Leverage Factor
7.95 7.93 8.66
Debt to Total Capital
5.44% 5.54% 5.86%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
5.44% 5.54% 5.86%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
94.56% 94.46% 94.14%
Debt to EBITDA
0.68 0.44 0.39
Net Debt to EBITDA
-15.82 -4.07 -2.67
Long-Term Debt to EBITDA
0.68 0.44 0.39
Debt to NOPAT
0.98 0.61 0.59
Net Debt to NOPAT
-22.91 -5.72 -4.02
Long-Term Debt to NOPAT
0.98 0.61 0.59
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
24 24 33
Operating Cash Flow to CapEx
2,399.69% 4,369.24% 8,921.20%
Free Cash Flow to Firm to Interest Expense
0.30 0.47 3.65
Operating Cash Flow to Interest Expense
0.49 1.43 7.81
Operating Cash Flow Less CapEx to Interest Expense
0.47 1.40 7.72
Efficiency Ratios
- - -
Asset Turnover
0.03 0.04 0.04
Fixed Asset Turnover
17.24 20.07 20.06
Capital & Investment Metrics
- - -
Invested Capital
729 712 672
Invested Capital Turnover
0.24 0.28 0.29
Increase / (Decrease) in Invested Capital
17 41 34
Enterprise Value (EV)
-361 196 428
Market Capitalization
568 565 695
Book Value per Share
$11.25 $11.01 $10.42
Tangible Book Value per Share
$8.41 $8.13 $7.47
Total Capital
729 712 672
Total Debt
40 40 39
Total Long-Term Debt
40 40 39
Net Debt
-928 -369 -267
Capital Expenditures (CapEx)
1.62 1.67 0.78
Net Nonoperating Expense (NNE)
0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
40 40 39
Total Depreciation and Amortization (D&A)
2.01 0.26 5.56
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.66 $1.06 $1.10
Adjusted Weighted Average Basic Shares Outstanding
61.44M 61.17M 60.90M
Adjusted Diluted Earnings per Share
$0.66 $1.05 $1.09
Adjusted Weighted Average Diluted Shares Outstanding
61.44M 61.17M 60.90M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
61.44M 61.17M 60.90M
Normalized Net Operating Profit after Tax (NOPAT)
41 64 67
Normalized NOPAT Margin
23.51% 33.53% 35.03%
Pre Tax Income Margin
32.87% 47.04% 49.67%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.72 1.77 10.55
NOPAT to Interest Expense
0.51 1.26 7.44
EBIT Less CapEx to Interest Expense
0.70 1.74 10.46
NOPAT Less CapEx to Interest Expense
0.49 1.23 7.35
Payout Ratios
- - -
Dividend Payout Ratio
78.61% 49.25% 47.32%
Augmented Payout Ratio
78.61% 49.25% 47.32%

Quarterly Metrics And Ratios for Heritage Commerce

This table displays calculated financial ratios and metrics derived from Heritage Commerce's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
4.81% -11.42% -13.72% -19.00% -18.84% -6.36% 9.98% 27.88% 33.22% 25.21%
EBITDA Growth
-17.26% -32.03% -41.90% -44.85% -36.95% -18.99% 1.98% 31.96% 35.76% 26.81%
EBIT Growth
-20.19% -35.07% -43.45% -45.77% -37.38% -14.15% 10.24% 47.76% 52.72% 34.47%
NOPAT Growth
-20.31% -33.48% -43.71% -46.26% -35.92% -12.59% 10.67% 47.03% 48.94% 31.72%
Net Income Growth
-20.31% -33.48% -43.71% -46.26% -35.92% -12.59% 10.67% 47.03% 48.94% 31.72%
EPS Growth
-19.05% -34.62% -44.44% -45.16% -38.24% -13.33% 12.50% 47.62% 54.55% 30.43%
Operating Cash Flow Growth
445.32% -68.51% -65.87% -75.51% -116.88% 4.11% 215.81% 78.50% 55.58% -11.51%
Free Cash Flow Firm Growth
76.69% 64.46% 45.53% 186.01% -108.89% -4,712.70% -259.41% -4,754.86% -105.28% -162.52%
Invested Capital Growth
2.38% 3.36% 3.71% -27.44% 6.04% 8.10% 7.21% 53.90% 5.31% 2.99%
Revenue Q/Q Growth
10.00% 1.02% -0.97% -4.75% -7.03% -1.61% -7.03% -4.56% 7.26% 15.57%
EBITDA Q/Q Growth
1.81% 12.77% -8.53% -21.22% -16.36% -3.61% -13.16% -9.94% 7.47% 21.33%
EBIT Q/Q Growth
1.99% 10.52% -9.35% -21.90% -17.02% -3.75% -13.07% -9.82% 13.77% 23.60%
NOPAT Q/Q Growth
1.09% 13.79% -9.17% -23.72% -15.62% -3.71% -13.29% -9.05% 15.11% 21.91%
Net Income Q/Q Growth
1.09% 13.79% -9.17% -23.72% -15.62% -3.71% -13.29% -9.05% 15.11% 21.91%
EPS Q/Q Growth
0.00% 13.33% -11.76% -19.05% -19.23% -3.70% -12.90% -8.82% 13.33% 25.00%
Operating Cash Flow Q/Q Growth
198.19% -49.52% 43.21% 260.18% -127.20% -45.29% 2.77% 10.38% 67.74% 65.97%
Free Cash Flow Firm Q/Q Growth
51.36% 20.55% -105.85% 1,130.20% 25.84% -21.78% 90.76% -2,402.18% -1,608.64% 90.91%
Invested Capital Q/Q Growth
0.61% 0.86% 0.41% 0.48% 1.57% 1.20% -29.75% 46.86% 3.54% 0.36%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
33.26% 35.93% 32.19% 34.85% 42.13% 46.83% 47.80% 51.18% 54.23% 54.13%
EBIT Margin
31.78% 34.27% 31.32% 34.22% 41.73% 46.75% 47.79% 51.11% 54.09% 51.00%
Profit (Net Income) Margin
22.90% 24.92% 22.13% 24.12% 30.12% 33.19% 33.91% 36.36% 38.16% 35.55%
Tax Burden Percent
72.08% 72.73% 70.64% 70.50% 72.19% 70.99% 70.96% 71.14% 70.54% 69.72%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
27.92% 27.27% 29.36% 29.50% 27.81% 29.01% 29.04% 28.86% 29.46% 30.28%
Return on Invested Capital (ROIC)
5.48% 5.95% 5.51% 5.17% 8.37% 9.96% 10.42% 9.00% 11.07% 9.81%
ROIC Less NNEP Spread (ROIC-NNEP)
5.48% 5.95% 5.51% 5.17% 8.37% 9.96% 10.42% 9.00% 11.07% 9.81%
Return on Net Nonoperating Assets (RNNOA)
0.32% 0.35% 0.33% 1.48% 0.51% 0.62% 0.65% 2.73% 0.71% 0.65%
Return on Equity (ROE)
5.80% 6.30% 5.83% 6.65% 8.87% 10.57% 11.07% 11.73% 11.78% 10.46%
Cash Return on Invested Capital (CROIC)
3.27% 2.76% 3.24% 38.35% 3.45% 2.87% 4.12% -33.54% 4.99% 6.39%
Operating Return on Assets (OROA)
1.01% 1.07% 1.04% 1.16% 1.55% 1.75% 1.84% 1.88% 1.93% 1.65%
Return on Assets (ROA)
0.73% 0.77% 0.74% 0.82% 1.12% 1.24% 1.31% 1.34% 1.36% 1.15%
Return on Common Equity (ROCE)
5.80% 6.30% 5.83% 6.65% 8.87% 10.57% 11.07% 11.73% 11.78% 10.46%
Return on Equity Simple (ROE_SIMPLE)
0.00% 6.31% 7.14% 8.23% 0.00% 10.86% 11.35% 11.22% 0.00% 9.80%
Net Operating Profit after Tax (NOPAT)
11 11 9.23 10 13 16 16 19 21 18
NOPAT Margin
22.90% 24.92% 22.13% 24.12% 30.12% 33.19% 33.91% 36.36% 38.16% 35.55%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
41.99% 43.34% 44.29% 42.60% 36.81% 34.56% 33.93% 33.08% 30.13% 32.53%
Operating Expenses to Revenue
65.35% 65.37% 67.55% 65.34% 57.62% 52.89% 51.67% 48.83% 44.98% 47.02%
Earnings before Interest and Taxes (EBIT)
15 14 13 14 18 22 23 27 29 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
15 15 13 15 19 22 23 27 30 28
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.82 0.87 0.77 0.75 0.84 0.73 0.72 0.71 1.10 1.01
Price to Tangible Book Value (P/TBV)
1.10 1.17 1.04 1.02 1.14 0.99 0.98 0.99 1.53 1.43
Price to Revenue (P/Rev)
3.29 3.51 2.99 2.79 2.94 2.38 2.28 2.30 3.66 3.49
Price to Earnings (P/E)
14.00 13.84 10.83 9.15 8.77 6.70 6.32 6.37 10.44 10.30
Dividend Yield
5.62% 5.33% 6.06% 6.24% 5.62% 6.60% 6.76% 6.84% 4.54% 5.13%
Earnings Yield
7.14% 7.23% 9.23% 10.93% 11.41% 14.94% 15.82% 15.69% 9.58% 9.71%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.01 0.28 0.00 0.00 0.06 0.64 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.04 1.02 0.00 0.00 0.31 2.25 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.10 2.17 0.00 0.00 0.58 4.28 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.10 2.17 0.00 0.00 0.60 4.53 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.14 3.05 0.00 0.00 0.85 6.42 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.15 2.69 0.00 0.00 0.75 6.12 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.02 8.23 0.00 0.00 0.00 13.07 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.52 0.06 0.06
Long-Term Debt to Equity
0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06
Financial Leverage
0.06 0.06 0.06 0.29 0.06 0.06 0.06 0.30 0.06 0.07
Leverage Ratio
7.95 8.13 7.93 8.15 7.93 8.52 8.46 8.78 8.66 9.08
Compound Leverage Factor
7.95 8.13 7.93 8.15 7.93 8.52 8.46 8.78 8.66 9.08
Debt to Total Capital
5.44% 5.46% 5.51% 5.52% 5.54% 5.63% 5.69% 34.40% 5.86% 6.06%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.41% 0.00% 0.00%
Long-Term Debt to Total Capital
5.44% 5.46% 5.51% 5.52% 5.54% 5.63% 5.69% 3.99% 5.86% 6.06%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
94.56% 94.54% 94.49% 94.48% 94.46% 94.37% 94.31% 65.60% 94.14% 93.94%
Debt to EBITDA
0.68 0.64 0.57 0.50 0.44 0.39 0.37 3.19 0.39 0.43
Net Debt to EBITDA
-15.82 -14.81 -8.82 -6.37 -4.07 -5.97 -4.42 -3.77 -2.67 -6.97
Long-Term Debt to EBITDA
0.68 0.64 0.57 0.50 0.44 0.39 0.37 0.37 0.39 0.43
Debt to NOPAT
0.98 0.92 0.82 0.71 0.61 0.55 0.53 4.67 0.59 0.66
Net Debt to NOPAT
-22.91 -21.20 -12.54 -9.01 -5.72 -8.43 -6.36 -5.52 -4.02 -10.76
Long-Term Debt to NOPAT
0.98 0.92 0.82 0.71 0.61 0.55 0.53 0.54 0.59 0.66
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-6.36 -13 -16 281 -27 -37 -30 -327 -13 -0.76
Operating Cash Flow to CapEx
14,923.58% 1,216.74% 1,609.34% 1,710.49% -1,048.28% 2,126.89% 9,358.05% 26,511.50% 18,847.92% 13,829.06%
Free Cash Flow to Firm to Interest Expense
-0.31 -0.61 -0.84 16.09 -1.64 -2.38 -2.51 -46.56 -3.78 -0.36
Operating Cash Flow to Interest Expense
0.77 0.25 0.54 0.42 -0.28 1.09 2.56 4.27 7.86 7.59
Operating Cash Flow Less CapEx to Interest Expense
0.77 0.23 0.50 0.40 -0.30 1.04 2.53 4.25 7.82 7.53
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.03
Fixed Asset Turnover
17.24 16.94 18.01 19.07 20.07 21.16 21.90 21.51 20.06 18.33
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
729 725 719 716 712 701 693 987 672 649
Invested Capital Turnover
0.24 0.24 0.25 0.21 0.28 0.30 0.31 0.25 0.29 0.28
Increase / (Decrease) in Invested Capital
17 24 26 -271 41 53 47 346 34 19
Enterprise Value (EV)
-361 -318 -83 7.78 196 -125 -3.18 62 428 -27
Market Capitalization
568 598 526 510 565 481 469 463 695 615
Book Value per Share
$11.25 $11.18 $11.09 $11.06 $11.01 $10.84 $10.72 $10.63 $10.42 $10.05
Tangible Book Value per Share
$8.41 $8.33 $8.23 $8.18 $8.13 $7.94 $7.81 $7.70 $7.47 $7.09
Total Capital
729 725 719 716 712 701 693 987 672 649
Total Debt
40 40 40 40 40 39 39 339 39 39
Total Long-Term Debt
40 40 40 40 40 39 39 39 39 39
Net Debt
-928 -917 -609 -502 -369 -606 -472 -401 -267 -642
Capital Expenditures (CapEx)
0.11 0.44 0.65 0.43 0.44 0.79 0.33 0.11 0.14 0.12
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
40 40 40 40 40 39 39 339 39 39
Total Depreciation and Amortization (D&A)
0.69 0.70 0.36 0.27 0.18 0.04 0.01 0.04 0.08 1.59
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.17 $0.17 $0.15 $0.17 $0.22 $0.26 $0.27 $0.31 $0.35 $0.30
Adjusted Weighted Average Basic Shares Outstanding
61.44M 61.30M 61.29M 61.26M 61.17M 61.10M 61.09M 60.97M 60.90M 60.72M
Adjusted Diluted Earnings per Share
$0.17 $0.17 $0.15 $0.17 $0.21 $0.26 $0.27 $0.31 $0.34 $0.30
Adjusted Weighted Average Diluted Shares Outstanding
61.44M 61.30M 61.29M 61.26M 61.17M 61.10M 61.09M 60.97M 60.90M 60.72M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
61.44M 61.30M 61.29M 61.26M 61.17M 61.10M 61.09M 60.97M 60.90M 60.72M
Normalized Net Operating Profit after Tax (NOPAT)
11 11 9.23 10 13 16 16 19 21 18
Normalized NOPAT Margin
22.90% 24.92% 22.13% 24.12% 30.12% 33.19% 33.91% 36.36% 38.16% 35.55%
Pre Tax Income Margin
31.78% 34.27% 31.32% 34.22% 41.73% 46.75% 47.79% 51.11% 54.09% 51.00%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.72 0.67 0.67 0.83 1.11 1.44 1.92 3.79 8.54 12.15
NOPAT to Interest Expense
0.52 0.49 0.47 0.58 0.80 1.02 1.36 2.70 6.02 8.47
EBIT Less CapEx to Interest Expense
0.72 0.65 0.63 0.80 1.09 1.39 1.89 3.77 8.50 12.10
NOPAT Less CapEx to Interest Expense
0.51 0.47 0.44 0.56 0.78 0.97 1.33 2.68 5.98 8.42
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
78.61% 73.63% 65.55% 57.06% 49.25% 44.07% 42.66% 43.47% 47.32% 52.63%
Augmented Payout Ratio
78.61% 73.63% 65.55% 57.06% 49.25% 44.07% 42.66% 43.47% 47.32% 52.63%

Frequently Asked Questions About Heritage Commerce's Financials

When does Heritage Commerce's fiscal year end?

According to the most recent income statement we have on file, Heritage Commerce's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Heritage Commerce's net income changed over the last 2 years?

Heritage Commerce's net income appears to be on a downward trend, with a most recent value of $40.53 million in 2024, falling from $66.56 million in 2022. The previous period was $64.44 million in 2023. Find out what analysts predict for Heritage Commerce in the coming months.

How has Heritage Commerce revenue changed over the last 2 years?

Over the last 2 years, Heritage Commerce's total revenue changed from $189.99 million in 2022 to $172.40 million in 2024, a change of -9.3%.

How much debt does Heritage Commerce have?

Heritage Commerce's total liabilities were at $4.96 billion at the end of 2024, a 9.6% increase from 2023, and a 9.5% increase since 2022.

How much cash does Heritage Commerce have?

In the past 2 years, Heritage Commerce's cash and equivalents has ranged from $27.60 million in 2022 to $41.59 million in 2023, and is currently $29.86 million as of their latest financial filing in 2024.

How has Heritage Commerce's book value per share changed over the last 2 years?

Over the last 2 years, Heritage Commerce's book value per share changed from 10.42 in 2022 to 11.25 in 2024, a change of 8.0%.



This page (NASDAQ:HTBK) was last updated on 5/28/2025 by MarketBeat.com Staff
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