Heritage Commerce Management
Management criteria checks 2/4
Heritage Commerce's CEO is Clay Jones, appointed in Oct 2019, has a tenure of 5.33 years. total yearly compensation is $1.48M, comprised of 40.9% salary and 59.1% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth €2.29M. The average tenure of the management team and the board of directors is 3.4 years and 5.3 years respectively.
Key information
Clay Jones
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 40.9% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$41m |
| Sep 30 2024 | n/a | n/a | US$43m |
| Jun 30 2024 | n/a | n/a | US$49m |
| Mar 31 2024 | n/a | n/a | US$56m |
| Dec 31 2023 | US$1m | US$607k | US$64m |
| Sep 30 2023 | n/a | n/a | US$72m |
| Jun 30 2023 | n/a | n/a | US$74m |
| Mar 31 2023 | n/a | n/a | US$73m |
| Dec 31 2022 | US$1m | US$447k | US$67m |
| Sep 30 2022 | n/a | n/a | US$60m |
| Jun 30 2022 | n/a | n/a | US$55m |
| Mar 31 2022 | n/a | n/a | US$49m |
| Dec 31 2021 | US$796k | US$354k | US$48m |
| Sep 30 2021 | n/a | n/a | US$45m |
| Jun 30 2021 | n/a | n/a | US$43m |
| Mar 31 2021 | n/a | n/a | US$45m |
| Dec 31 2020 | US$574k | US$322k | US$35m |
| Sep 30 2020 | n/a | n/a | US$29m |
| Jun 30 2020 | n/a | n/a | US$29m |
| Mar 31 2020 | n/a | n/a | US$30m |
| Dec 31 2019 | US$499k | US$68k | US$40m |
Compensation vs Market: Clay's total compensation ($USD1.48M) is above average for companies of similar size in the German market ($USD1.01M).
Compensation vs Earnings: Clay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Clay Jones (52 yo)
5.3yrs
Tenure
US$1,481,891
Compensation
Mr. Robertson Jones, also known as Clay, serves as Chief Executive Officer and President at Heritage Commerce Corp since September 2022 and serves as its Director since September 15, 2022. He serves as Pre...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$1.48m | 0.40% € 2.3m | |
| Executive VP | 26.6yrs | US$700.28k | 0.14% € 800.7k | |
| Executive Officer | less than a year | US$947.82k | 0.23% € 1.3m | |
| Executive VP & President of Specialty Finance Group | no data | US$668.84k | 0.16% € 909.1k | |
| Executive VP | less than a year | no data | no data | |
| Senior Vice President of Corporate Finance Division | 10.8yrs | no data | no data | |
| Executive VP & Chief Information Officer | no data | no data | no data | |
| Senior Vice President of Marketing & Communications | 1.5yrs | no data | no data | |
| Executive VP & Controller | 7.8yrs | no data | no data | |
| Senior VP & Central Coast Regional Manager | no data | no data | no data | |
| Executive VP & Chief Credit Officer of Heritage Bank of Commerce | 1.4yrs | no data | 0.013% € 74.8k | |
| Vice President | no data | no data | no data |
3.4yrs
Average Tenure
65.5yo
Average Age
Experienced Management: XHC's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | US$1.48m | 0.40% € 2.3m | |
| Independent Director | 3.2yrs | US$112.36k | 0.031% € 178.3k | |
| Independent Vice Chairman | 9.5yrs | US$118.03k | 0.087% € 500.7k | |
| Independent Director | 6.6yrs | US$103.78k | 0.66% € 3.8m | |
| Independent Director | 5.3yrs | US$103.78k | 0.34% € 1.9m | |
| Independent Director | 5.3yrs | US$113.78k | 0.20% € 1.2m | |
| Independent Chairman of the Board | 20.3yrs | US$179.00k | 0.27% € 1.6m | |
| Independent Director | 5.3yrs | US$111.78k | 0.18% € 1.1m | |
| Independent Director | 13.6yrs | US$115.78k | 0.083% € 476.3k |
5.3yrs
Average Tenure
64yo
Average Age
Experienced Board: XHC's board of directors are considered experienced (5.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/03 14:07 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Heritage Commerce Corp is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Tenner | D.A. Davidson & Co. |
| Timothy Coffey | FIG Partners |
| Timothy Coffey | Janney Montgomery Scott LLC |