HTBK
Heritage Commerce Corp12.13
+0.03+0.25%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
745.35MP/E (TTM)
17.33Basic EPS (TTM)
0.70Dividend Yield
0.04%Recent Filings
8-K
Q3 earnings surge, dividend steady
Heritage Commerce Corp reported Q3 2025 net income of $14.7 million, or $0.24 diluted EPS, up 130% from Q2's $6.4 million, fueled by 5% revenue growth to $50.0 million and a 3.60% net interest margin amid 1% loan expansion to $3.6 billion and 3% deposit rise to $4.8 billion. The board declared a $0.13 quarterly dividend payable November 20 and doubled the share repurchase authorization to $30 million through October 2026, with $26 million remaining after $4.0 million bought at $9.22 average. Asset quality sharpened, with nonperforming assets at 0.07% of total assets. Strong capital buffers support steady returns.
8-K
CRO Reuter retires January 2026
Heritage Commerce Corp announced on September 18, 2025, that Deborah K. Reuter, its Executive Vice President and Chief Risk Officer, will retire effective January 5, 2026, after a 31-year tenure since the company's 1994 inception. She'll transition duties to a successor while serving as a non-executive advisor through March 31, 2026, at an hourly rate from her base salary, remaining eligible for 2025 incentives. No successor named yet. This smooth handover minimizes disruption to risk oversight.
8-K
Board appoints finance expert
Heritage Commerce Corp expanded its board from eight to nine directors on August 18, 2025, appointing Christopher J. Abate, CEO of Redwood Trust with over 20 years in financial services and real estate expertise. He joins the Audit and Personnel and Compensation Committees, bringing seasoned leadership to guide strategic plans. No related party ties exist. Abate receives prorated $50,000 cash and $50,000 restricted stock retainers. This bolsters governance amid complex markets.
10-Q
Q2 FY2025 results
Heritage Commerce Corp posted solid Q2 FY2025 results, with net interest income climbing 15% year-over-year to $44.8 million, fueled by a 5.64% loan yield—up from 5.49%—and a deposit cost drop to 1.54% from 1.75%, lifting the net interest margin to 3.54% (derived). Loans grew 5% year-over-year to $3.5 billion, while deposits edged up 4% to $4.6 billion, though they dipped 4% quarter-over-quarter amid seasonal outflows. Noninterest expense jumped 36% to $38.3 million, driven by a $9.2 million legal settlement charge, but asset quality held steady with nonperforming assets at 0.11% of total assets and an allowance for credit losses of 1.38% of loans. Cash and equivalents stood at $722 million, bolstered by $2.2 billion in available borrowing lines; no material M&A or regulatory events noted. Yet cybersecurity threats loom large in an era of rising AI-driven attacks.
8-K
Q2 results show margin gains
Heritage Commerce Corp executives presented Q2 2025 results at an investor conference July 28-30, highlighting loans held for investment at $3.5 billion, up 1% from prior quarter, while deposits dipped 1% to $4.6 billion, lifting the loan-to-deposit ratio to 76.4%. Net interest margin expanded to 3.54% on rising loan yields, yet adjusted net income hit $13.0 million after excluding $9.2 million in litigation and branch closure charges. Credit quality shines: nonperforming loans at just 0.17%. Strong balance sheet fuels growth.
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