Heritage Commerce Corp

HTBK

US4269271098

Banks

Market Closed - Nasdaq Other stock markets 01:30:00 11/05/2024 am IST			5-day change	1st Jan Change
8.4 ^USD	+0.36%		-0.47%	-15.32%

26/04	Sector Update: Financial Stocks Mixed Late Afternoon	MT
26/04	Heritage Commerce Shares Down After Q1 Earnings, Revenue Fall	MT

Heritage Commerce Corp Reports Earnings Results for the Full Year Ended December 31, 2023

January 26, 2024 at 05:58 am IST

Heritage Commerce Corp reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 183.22 million compared to USD 179.88 million a year ago. Net income was USD 64.44 million compared to USD 66.56 million a year ago.

Basic earnings per share from continuing operations was USD 1.06 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 1.09 a year ago.

Latest news about Heritage Commerce Corp

Sector Update: Financial Stocks Mixed Late Afternoon	27/04	MT
Heritage Commerce Shares Down After Q1 Earnings, Revenue Fall	26/04	MT
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on May 23, 2024	26/04	CI
Heritage Commerce Corp. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024	26/04	CI
Heritage Commerce Corp Reports Earnings Results for the First Quarter Ended March 31, 2024	26/04	CI
Heritage Commerce Corp Announces Board Changes	12/04	CI
Heritage Commerce Corp Announces the Resignation of Janice Y. Coonley as Executive Vice President and Chief People and Culture Officer, Effective in May 2024	07/03	CI
Keefe, Bruyette & Woods Trims Price Target on Heritage Commerce to $11 From $12, Maintains Outperform Rating	26/01	MT
Heritage Commerce Corp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023	26/01	CI
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on February 22, 2024	26/01	CI
Heritage Commerce Corp Reports Earnings Results for the Full Year Ended December 31, 2023	26/01	CI
Heritage Commerce Corp Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	26/01	CI
Raymond James Trims Heritage Commerce's Price Target to $9.50 From $10.50, Maintains Outperform Rating	30/23/30	MT
Earnings Flash (HTBK) HERITAGE COMMERCE Reports Q3 EPS $0.26	27/23/27	MT
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend, Payable on November 21, 2023	27/23/27	CI
Heritage Commerce Corp Reports Unaudited Net Charges Write Offs for the Third Quarter Ended September 30, 2023	27/23/27	CI
Heritage Commerce Corp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	27/23/27	CI
North American Morning Briefing : Stock Futures -2-	14/23/14	DJ
Stephens Downgrades Heritage Commerce to Equalweight From Overweight, Price Target is $10	11/23/11	MT
Heritage Commerce Unit Appoints Susan Just as Executive Vice President and Chief Credit Officer	01/23/01	MT
Raymond James Adjusts Price Target on Heritage Commerce to $10.50 From $10, Maintains Outperform Rating	31/23/31	MT
Heritage Commerce Corp Declares Quarterly Cash Dividend, Payable August 24, 2023	28/23/28	CI
Heritage Commerce Corp Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	28/23/28	CI
Heritage Commerce Chief Credit Officer to Retire	16/23/16	MT
Heritage Commerce Corp Announces Retirement of Margo Butsch, Executive Vice President and Chief Credit Officer	16/23/16	CI

Chart Heritage Commerce Corp

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Company Profile

Heritage Commerce Corp is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (the Bank). The Bank offers a full range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. Its lending activities are diversified and include commercial, real estate, construction and land development, consumer and small business administration (SBA) guaranteed loans. The Bank offers a wide range of deposit products for business banking and retail markets. It offers a multitude of other products and services to complement its lending and deposit services. In addition, through its subsidiary, CSNK Working Capital Finance Corp, it provides factoring financing throughout the United States. The Companyâs operations are located in the general San Francisco Bay Area of California in the counties of Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara.

Sector

Banks

Calendar

23/05/2024 - Annual General Meeting

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Russell 2000

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Ratings for Heritage Commerce Corp

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.4 USD

Average target price

10.33 USD

Spread / Average Target

+23.02%

Consensus

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Quarterly earnings - Rate of surprise

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