Heritage Commerce Past Earnings Performance
Past criteria checks 2/6
Heritage Commerce has been growing earnings at an average annual rate of 12.7%, while the Banks industry saw earnings growing at 15.9% annually. Revenues have been growing at an average rate of 8.4% per year. Heritage Commerce's return on equity is 7.1%, and it has net margins of 27.8%.
Key information
12.7%
Earnings growth rate
6.5%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 8.4% |
| Return on equity | 7.1% |
| Net Margin | 27.8% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Heritage Commerce makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 175 | 49 | 73 | 0 |
| 31 Mar 24 | 181 | 56 | 71 | 0 |
| 31 Dec 23 | 191 | 64 | 71 | 0 |
| 30 Sep 23 | 202 | 72 | 71 | 0 |
| 30 Jun 23 | 204 | 74 | 72 | 0 |
| 31 Mar 23 | 200 | 73 | 71 | 0 |
| 31 Dec 22 | 189 | 67 | 70 | 0 |
| 30 Sep 22 | 177 | 60 | 69 | 0 |
| 30 Jun 22 | 168 | 55 | 67 | 0 |
| 31 Mar 22 | 161 | 49 | 66 | 0 |
| 31 Dec 21 | 159 | 48 | 67 | 0 |
| 30 Sep 21 | 155 | 45 | 66 | 0 |
| 30 Jun 21 | 150 | 43 | 66 | 0 |
| 31 Mar 21 | 149 | 45 | 65 | 0 |
| 31 Dec 20 | 139 | 35 | 64 | 0 |
| 30 Sep 20 | 139 | 29 | 63 | 0 |
| 30 Jun 20 | 137 | 29 | 60 | 0 |
| 31 Mar 20 | 135 | 30 | 58 | 0 |
| 31 Dec 19 | 141 | 40 | 54 | 0 |
| 30 Sep 19 | 138 | 48 | 50 | 0 |
| 30 Jun 19 | 139 | 49 | 50 | 0 |
| 31 Mar 19 | 130 | 39 | 50 | 0 |
| 31 Dec 18 | 124 | 35 | 48 | 0 |
| 30 Sep 18 | 118 | 23 | 47 | 0 |
| 30 Jun 18 | 111 | 20 | 45 | 0 |
| 31 Mar 18 | 113 | 26 | 43 | 0 |
| 31 Dec 17 | 111 | 24 | 43 | 0 |
| 30 Sep 17 | 108 | 30 | 44 | 0 |
| 30 Jun 17 | 104 | 27 | 44 | 0 |
| 31 Mar 17 | 102 | 26 | 43 | 0 |
| 31 Dec 16 | 100 | 25 | 41 | 0 |
| 30 Sep 16 | 99 | 21 | 43 | 0 |
| 30 Jun 16 | 96 | 18 | 42 | 0 |
| 31 Mar 16 | 91 | 16 | 40 | 0 |
| 31 Dec 15 | 85 | 14 | 38 | 0 |
| 30 Sep 15 | 79 | 13 | 33 | 0 |
| 30 Jun 15 | 73 | 13 | 33 | 0 |
| 31 Mar 15 | 69 | 12 | 33 | 0 |
| 31 Dec 14 | 65 | 11 | 32 | 0 |
| 30 Sep 14 | 62 | 11 | 35 | 0 |
| 30 Jun 14 | 61 | 11 | 34 | 0 |
| 31 Mar 14 | 60 | 10 | 33 | 0 |
| 31 Dec 13 | 58 | 10 | 30 | 0 |
Quality Earnings: XHC has high quality earnings.
Growing Profit Margin: XHC's current net profit margins (27.8%) are lower than last year (36.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: XHC's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: XHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: XHC had negative earnings growth (-34.6%) over the past year, making it difficult to compare to the Banks industry average (19.4%).
Return on Equity
High ROE: XHC's Return on Equity (7.1%) is considered low.