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 6.9% 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 27

Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13

Jul 30

Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13

May 02

Heritage Commerce Corp Just Missed EPS By 6.4%: Here's What Analysts Think Will Happen Next

Apr 28

Heritage Commerce: Dividend Yield And Capital Upside Supported By Rising Interest Rates

Apr 25

Revenue & Expenses Breakdown

How Heritage Commerce makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:HTBK Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	169	43	76
30 Jun 24	175	49	73
31 Mar 24	181	56	71
31 Dec 23	191	64	71
30 Sep 23	202	72	71
30 Jun 23	204	74	72
31 Mar 23	200	73	71
31 Dec 22	189	67	70
30 Sep 22	177	60	69
30 Jun 22	168	55	67
31 Mar 22	161	49	66
31 Dec 21	159	48	67
30 Sep 21	155	45	66
30 Jun 21	150	43	66
31 Mar 21	149	45	65
31 Dec 20	139	35	64
30 Sep 20	139	29	63
30 Jun 20	137	29	60
31 Mar 20	135	30	58
31 Dec 19	141	40	54
30 Sep 19	138	48	50
30 Jun 19	139	49	50
31 Mar 19	130	39	50
31 Dec 18	124	35	48
30 Sep 18	118	23	47
30 Jun 18	111	20	45
31 Mar 18	113	26	43
31 Dec 17	111	24	43
30 Sep 17	108	30	44
30 Jun 17	104	27	44
31 Mar 17	102	26	43
31 Dec 16	100	25	41
30 Sep 16	99	21	43
30 Jun 16	96	18	42
31 Mar 16	91	16	40
31 Dec 15	85	14	38
30 Sep 15	79	13	33
30 Jun 15	73	13	33
31 Mar 15	69	12	33
31 Dec 14	65	11	32
30 Sep 14	62	11	35
30 Jun 14	61	11	34
31 Mar 14	60	10	33
31 Dec 13	58	10	30

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%).

Heritage Commerce Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings: EPS and revenues miss analyst expectations

Heritage Commerce Corp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Recent updates

Heritage Commerce Corp Announces Departure of Lawrence D. Mcgovern as Executive Vice President

Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13

Third quarter dividend of US$0.13 announced

Heritage Commerce Corp (NASDAQ:HTBK) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on November 21, 2024

New major risk - Revenue and earnings growth

Heritage Commerce Corp and Heritage Bank of Commerce Announce the Appointment of Thomas A. Sa as Chief Operating Officer

Heritage Commerce Corp Announces the Appointment of Thomas A. Sa as Chief Operating Officer

Heritage Commerce Corp Announces Board Changes

Consensus EPS estimates fall by 11%

Now 20% undervalued

Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13

Price target increased by 11% to US$11.50

Second quarter dividend of US$0.13 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Heritage Commerce Corp. Declares Regular Quarterly Cash Dividend, Payable on August 22, 2024

Investor sentiment improves as stock rises 17%

Heritage Commerce (NASDAQ:HTBK) Is Paying Out A Dividend Of $0.13

First quarter dividend of US$0.13 announced

Heritage Commerce Corp Just Missed EPS By 6.4%: Here's What Analysts Think Will Happen Next

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on May 23, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Heritage Commerce Corp, Annual General Meeting, May 23, 2024

New minor risk - Insider selling

Full year 2023 earnings: EPS and revenues miss analyst expectations

Independent Chairman of the Board notifies of intention to sell stock

Consensus EPS estimates fall by 14%

Fourth quarter dividend of US$0.13 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued

Heritage Commerce Corp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Independent Director exercised options to buy US$299k worth of stock.

Heritage Commerce (NASDAQ:HTBK) Is Due To Pay A Dividend Of $0.13

New major risk - Revenue and earnings growth

Heritage Commerce Corp Reports Unaudited Net Charges Write Offs for the Third Quarter Ended September 30, 2023

Heritage Commerce Corp Reports Unaudited Net Charges Write Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on November 21, 2023

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Heritage Commerce Corp Declares Quarterly Cash Dividend, Payable August 24, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

President exercised options to buy US$165k worth of stock.

Heritage Commerce Corp Announces Retirement of Margo Butsch, Executive Vice President and Chief Credit Officer

Investor sentiment improves as stock rises 18%

Price target decreased by 7.6% to US$11.17

Investor sentiment deteriorates as stock falls 15%

Independent Director exercised options to buy US$229k worth of stock.

Upcoming dividend of US$0.13 per share at 7.0% yield

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Price target decreased by 8.1% to US$13.25

Price target decreased by 11% to US$13.75

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorates as stock falls 17%

Independent Director recently sold US$107k worth of stock

Independent Director exercised options to buy US$366k worth of stock.

Independent Director notifies of intention to sell stock

Independent Director recently sold US$250k worth of stock

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

Upcoming dividend of US$0.13 per share at 4.3% yield

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on February 23, 2023

Executive VP & CFO exercised options and sold US$158k worth of stock

Independent Director recently bought US$89k worth of stock

Heritage Commerce (NASDAQ:HTBK) Has Announced A Dividend Of $0.13

High number of new directors

Price target increased to US$15.33

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend to Holders of Common Stock, Payable on November 22, 2022