Heritage Commerce Financials

HTBK Stock  USD 9.70  0.17  1.78%   
Based on the measurements of operating efficiency obtained from Heritage Commerce's historical financial statements, Heritage Commerce Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Heritage Commerce's Non Currrent Assets Other are quite stable compared to the past year. Common Stock Total Equity is expected to rise to about 607.3 M this year, although the value of Other Assets will most likely fall to about 16.5 M. Key indicators impacting Heritage Commerce's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.140.238
Way Down
Slightly volatile
Return On Assets0.00480.0072
Way Down
Very volatile
Return On Equity0.04910.0588
Fairly Down
Pretty Stable
Debt Equity Ratio0.05460.0575
Notably Down
Pretty Stable
Operating Income95.2 M90.7 M
Sufficiently Up
Slightly volatile
Current Ratio0.30.3124
Sufficiently Down
Very volatile
The financial analysis of Heritage Commerce is a critical element in measuring its lifeblood. Investors should not minimize Heritage Commerce's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

42.55 Million

  
Understanding current and past Heritage Commerce Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Heritage Commerce's financial statements are interrelated, with each one affecting the others. For example, an increase in Heritage Commerce's assets may result in an increase in income on the income statement.

Heritage Commerce Stock Summary

Heritage Commerce competes with Home Federal, First Financial, First Northwest, First Capital, and Community West. 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 businessprofessional community in California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California. Heritage Commerce operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 332 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS4269271098
CUSIP426927109
LocationCalifornia; U.S.A
Business Address224 Airport Parkway,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.heritagecommercecorp.com/corporate-pro
Phone408 947 6900
CurrencyUSD - US Dollar

Heritage Commerce Key Financial Ratios

Heritage Commerce Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets4.6B5.5B5.2B5.2B5.6B5.9B
Net Debt(1.1B)(1.3B)(267.3M)(368.6M)9.8M10.3M
Retained Earnings94.9M111.3M146.4M179.1M187.8M197.2M
Cash1.1B1.3B306.6M408.1M29.9M28.4M
Other Assets2.4B3.0B2.9B15.1M17.3M16.5M
Total Liab4.1B4.9B4.5B4.5B5.0B5.2B
Total Current Assets1.5B1.5B889.7M408.1M29.9M28.4M
Common Stock493.7M497.7M502.9M506.5M510.1M535.6M
Other Current Liab(102.0M)(102.0M)3.3M4.7M95.6M127.5M
Accounts Payable78.1M102.0M102.0M92.8M106.7M112.1M
Net Receivables97.0M121.0M117.6M122.6M141.0M148.1M
Other Liab64.3M65.5M66.6M62.5M71.9M40.3M
Long Term Debt39.7M39.9M39.4M39.5M39.7M30.6M
Inventory(468.3M)(1.1B)(1.3B)(351.0M)(315.9M)(300.1M)
Short Term Debt139K45K24K6.7M6.0M11.4M
Other Current Assets1.1B1.3B321.8M423.2M380.9M750.2M
Intangible Assets16.7M13.7M11.0M8.6M6.4M8.3M
Net Tangible Assets388.9M393.6M416.7M453.8M521.9M285.0M
Long Term Debt Total39.6M39.7M39.9M39.4M45.3M37.1M

Heritage Commerce Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense8.6M7.1M8.9M51.1K79.1K75.1K
Total Revenue151.8M155.8M190.0M9.0K170.3M178.8M
Gross Profit151.8M155.8M190.0M9.0K170.3M178.8M
Operating Income49.1M65.9M103.3M90.4K90.7M95.2M
Ebit49.1M65.9M94.4M90.4K104.0K98.8K
Ebitda53.8M69.9M98.1M90.4K104.0K98.8K
Income Before Tax49.1M65.9M94.4M90.4K56.7M59.5M
Net Income35.3M47.7M66.6M64.4K40.5M42.6M
Income Tax Expense13.8M18.2M27.8M26.0K16.1M17.0M
Tax Provision13.8M18.2M27.8M26.0M16.1M20.3M
Net Interest Income141.9M146.1M179.9M183.2M163.6M147.1M
Interest Income150.5M153.3M188.8M234.3M242.7M167.4M

Heritage Commerce Key Cash Accounts

202020212022202320242025 (projected)
Change In Cash673.7M175.1M(999.6M)101.5M560.0M588.0M
Free Cash Flow54.9M56.6M69.1M71.3M37.3M28.9M
Depreciation4.7M4.1M3.8M3.5M3.5M2.2M
Other Non Cash Items(1.5M)(1.3M)(2.5M)(5.8M)(1.6M)(1.5M)
Capital Expenditures3.2M252K783K1.7M1.6M928.7K
Net Income35.3M47.7M66.6M64.4M40.5M42.6M
End Period Cash Flow1.1B1.3B306.6M408.1M968.1M1.0B
Change To Inventory6.6M1.1M2.1M(6.1M)(5.5M)(5.2M)
Dividends Paid31.1M31.3M31.5M31.7M31.9M33.5M
Investments148.4M(293.3M)(483.9M)70.2M110.6M116.1M
Change Receivables8.4M8.1M6.1M978K1.1M1.1M
Net Borrowings(10.1M)(10.4M)(328K)(726K)(834.9K)(876.6K)
Change To Netincome985K11.3M(5.1M)(1.1M)(1.0M)(968.7K)

Heritage Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Heritage Commerce's current stock value. Our valuation model uses many indicators to compare Heritage Commerce value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Heritage Commerce competition to find correlations between indicators driving Heritage Commerce's intrinsic value. More Info.
Heritage Commerce Corp is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about  0.13  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Heritage Commerce Corp is roughly  7.93 . At this time, Heritage Commerce's Return On Equity is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Heritage Commerce by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Heritage Commerce Corp Systematic Risk

Heritage Commerce's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Heritage Commerce volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was five with a total number of output elements of fifty-six. The Beta measures systematic risk based on how returns on Heritage Commerce Corp correlated with the market. If Beta is less than 0 Heritage Commerce generally moves in the opposite direction as compared to the market. If Heritage Commerce Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Heritage Commerce Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Heritage Commerce is generally in the same direction as the market. If Beta > 1 Heritage Commerce moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Heritage Commerce Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Heritage Commerce's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Heritage Commerce growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.36)

At this time, Heritage Commerce's Price Earnings To Growth Ratio is quite stable compared to the past year.

Heritage Commerce March 24, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Heritage Commerce help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Heritage Commerce Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Heritage Commerce Corp based on widely used predictive technical indicators. In general, we focus on analyzing Heritage Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Heritage Commerce's daily price indicators and compare them against related drivers.
When determining whether Heritage Commerce Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Heritage Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Heritage Commerce Corp Stock. Highlighted below are key reports to facilitate an investment decision about Heritage Commerce Corp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Commerce Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Commerce. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.22)
Dividend Share
0.52
Earnings Share
0.66
Revenue Per Share
2.779
Quarterly Revenue Growth
0.025
The market value of Heritage Commerce Corp is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.