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Heritage CommerceNASDAQ: HTBK

Profile

Country:

United States

IPO:

20 July 1998

Next earnings report:

24 January 2025

Last dividends:

08 August 2024

Next dividends:

07 November 2024
$591.52 M
-33%vs. 3y high
52%vs. sector
-16%vs. 3y high
46%vs. sector
-41%vs. 3y high
26%vs. sector
-31%vs. 3y high
62%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:03:05 GMT
$9.65-$0.06(-0.62%)
$42.16 M$41.83 M
$42.16 M$10.51 M

Analysts recommendations

Institutional Ownership

HTBK Latest News

Heritage Commerce (HTBK) Q3 Earnings Match Estimates
zacks.com24 October 2024 Sentiment: POSITIVE

Heritage Commerce (HTBK) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
globenewswire.com24 October 2024 Sentiment: POSITIVE

SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013.

Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024
globenewswire.com24 October 2024 Sentiment: POSITIVE

SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended September 30, 2023. All data are unaudited.

Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa
globenewswire.com02 October 2024 Sentiment: POSITIVE

SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Thomas A. Sa as the Chief Operating Officer (“COO”) of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in July 2024. Mr. Sa has more than thirty years' experience in a variety of increasingly responsible positions in California-based community and regional banks.

Ranson W. Webster to Retire from Heritage Commerce Corp Board of Directors and Julianne M. Biagini-Komas to be named Vice Chair of Board
globenewswire.com15 August 2024 Sentiment: POSITIVE

SAN JOSE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), the parent company of Heritage Bank of Commerce (the "Bank"), today announced the retirement of Ranson W. Webster from the Board of Directors, effective October 1, 2024. As one of the original founders, Webster joined the Board in 2004 and has served as Vice Chair of the Boards of Directors of the Company and the Bank. Director Julianne M. Biagini-Komas will assume the role of Vice Chair of both boards effective on the same date.

Heritage Commerce Corp Announces $15 Million Share Repurchase
globenewswire.com25 July 2024 Sentiment: POSITIVE

SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") the holding company of Heritage Bank of Commerce (the "Bank") today announced that its Board of Directors (the “Board”) adopted a share repurchase program (the “Repurchase Program”) under which the Company is authorized to repurchase up to $15 million of the Company's shares of its issued and outstanding common stock.

Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
globenewswire.com25 July 2024 Sentiment: POSITIVE

SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013.

Heritage Commerce Corp Reports Increased Average Loans and Average Deposits and Enhanced Credit Quality
globenewswire.com25 July 2024 Sentiment: POSITIVE

SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its second quarter 2024 net income was $9.2 million, or $0.15 per average diluted common share, compared to $10.2 million, or $0.17 per average diluted common share, for the first quarter of 2024, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the six months ended June 30, 2024, net income was $19.4 million, or $0.32 per average diluted common share, compared to $35.3 million, or $0.58 per average diluted common share, for the six months ended June 30, 2023. All data are unaudited.

Heritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers Cup
globenewswire.com20 May 2024 Sentiment: POSITIVE

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States. Winners are recognized for demonstrating superior performance in various measurements of financial performance and stability. This marks the fifth time that the Company has earned this recognition.

Heritage Commerce (HTBK) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research25 April 2024 Sentiment: POSITIVE

While the revenue and EPS of Heritage Commerce (HTBK) provide insight into its performance in the quarter ending March 2024, it may be beneficial to analyze how certain important metrics stack up against Wall Street forecasts and figures from the previous year.

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What type of business is Heritage Commerce?

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

What sector is Heritage Commerce in?

Heritage Commerce is in the Financial Services sector

What industry is Heritage Commerce in?

Heritage Commerce is in the Banks - Regional industry

What country is Heritage Commerce from?

Heritage Commerce is headquartered in United States

When did Heritage Commerce go public?

Heritage Commerce initial public offering (IPO) was on 20 July 1998

What is Heritage Commerce website?

https://www.heritagecommercecorp.com/corporate-profile/default.aspx

Is Heritage Commerce in the S&P 500?

No, Heritage Commerce is not included in the S&P 500 index

Is Heritage Commerce in the NASDAQ 100?

No, Heritage Commerce is not included in the NASDAQ 100 index

Is Heritage Commerce in the Dow Jones?

No, Heritage Commerce is not included in the Dow Jones index

When was Heritage Commerce the previous earnings report?

No data

When does Heritage Commerce earnings report?

The next expected earnings date for Heritage Commerce is 24 January 2025