Heritage Commerce Past Earnings Performance
Past criteria checks 2/6
Heritage Commerce has been growing earnings at an average annual rate of 11.8%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 7.7% per year. Heritage Commerce's return on equity is 6.3%, and it has net margins of 25.6%.
Key information
11.8%
Earnings growth rate
7.3%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 7.7% |
| Return on equity | 6.3% |
| Net Margin | 25.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13
Oct 29
Heritage Commerce Corp (NASDAQ:HTBK) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Oct 27Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13
Jul 30Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13
May 02Heritage Commerce Corp Just Missed EPS By 6.4%: Here's What Analysts Think Will Happen Next
Apr 28Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of $0.13
Oct 31Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
Aug 03Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
May 02Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
Feb 01Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13
Nov 01Heritage Commerce: Rapidly Rising Rates To Boost Earnings
Sep 22Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13
Aug 08Heritage Commerce: Strong Margin Growth To Drive Earnings This Year
Jul 09Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of US$0.13
May 08Heritage Commerce: Dividend Yield And Capital Upside Supported By Rising Interest Rates
Apr 25Revenue & 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 Sep 24 | 169 | 43 | 76 | 0 |
| 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: HTBK has high quality earnings.
Growing Profit Margin: HTBK's current net profit margins (25.6%) are lower than last year (35.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HTBK's earnings have grown by 11.8% per year over the past 5 years.
Accelerating Growth: HTBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HTBK had negative earnings growth (-39.9%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: HTBK's Return on Equity (6.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:59 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 12 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. |
| null null | D.A. Davidson & Co. |
| Timothy Coffey | FIG Partners |