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Heritage Commerce Q2 2023 Earnings Report

Heritage Commerce logo
$9.59 -0.01 (-0.10%)
(As of 12/20/2024 05:31 PM ET)

Heritage Commerce EPS Results

Actual EPS
$0.27
Consensus EPS
$0.29
Beat/Miss
Missed by -$0.02
One Year Ago EPS
N/A

Heritage Commerce Revenue Results

Actual Revenue
$48.37 million
Expected Revenue
$51.03 million
Beat/Miss
Missed by -$2.66 million
YoY Revenue Growth
N/A

Heritage Commerce Announcement Details

Quarter
Q2 2023
Time
N/A
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Heritage Commerce Earnings Headlines

Heritage Commerce Announces CFO Transition Plan
Heritage Commerce CFO Lawrence McGovern to depart
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About Heritage Commerce

Heritage Commerce (NASDAQ:HTBK) 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.

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