Heritage Commerce (HTBK) News Today

Heritage Commerce Corp (NASDAQ: HTBK) — Shares rose today after the company reported stronger-than-expected Q3 results, raised shareholder return actions and kept a meaningful dividend. Volume was elevated versus average, signaling investor interest in the beat and the board’s capital moves.

• Positive Sentiment: Q3 results beat expectations — Heritage reported GAAP EPS of $0.24 (vs. ~$0.21 consensus) and revenue of ~$50M, driven by higher net interest income, a 3.60% FTE NIM and improved efficiency. Management highlighted loan/deposit growth and improved asset quality. GlobeNewswire: Press Release
• Positive Sentiment: Board increased buyback authorization — the repurchase program was doubled from $15M to $30M (extended to Oct 31, 2026); the company has repurchased ~$4.0M YTD, leaving ~ $26M capacity. That signals management confidence and supports EPS. Quiver: Repurchase & Results Summary
• Positive Sentiment: Dividend maintained — board declared a regular quarterly cash dividend of $0.13/sh (annualized yield ~5.3%), reinforcing the yield story for income-focused investors. MarketBeat: Dividend Announcement
• Neutral Sentiment: Analyst coverage & targets — recent overweight ratings and ~$11 median price target exist but are close to the current range; they provide limited upside but help validate the beat. Quiver: Analyst Notes
• Negative Sentiment: Prior legal charges and portfolio mark risk — Q2 included $9.2M pre‑tax legal settlement charges (management uses adjusted metrics to exclude these), and held‑to‑maturity securities show unrecognized losses (~$68M pre‑tax). These are potential overhangs to monitor. GlobeNewswire: Risks & Disclosures

Bottom line for investors: the Q3 beat, margin expansion, maintained dividend and a larger buyback drove the stock higher today. Watch upcoming quarters for sustainability of loan growth, trends in net interest margin, and any further sign of litigation or securities‑portfolio stress that could temper gains.