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Heritage Commerce Corp

NASDAQ•HTBK
CEO: Mr. Robertson Jones
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1998-07-20
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.
Contact Information
224 Airport Parkway, San Jose, CA, 95110, United States
408-947-6900
www.heritagecommercecorp.com/corporate-profile/default.aspx
Market Cap
$764.57M
P/E (TTM)
15.9
13.7
Dividend Yield
4.2%
52W High
$13.83
52W Low
$8.09
52W Range
75%
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$70.25M+1.34%
4-Quarter Trend

EPS

$0.25+47.06%
4-Quarter Trend

FCF

$19.67M+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Net Income Jumps Net income reached $14.7M (Q3 2025) versus $10.5M (Q3 2024); total revenue grew 19% to $50.0M.
Strong NIM Expansion FTE Net Interest Margin reached 3.60% for Q3 2025, marking a 45 basis point increase year-over-year.
Solid Asset Quality Nonperforming assets ratio remains low at 0.10%; Allowance for Credit Losses coverage on nonperforming loans stands at 1,350%.
Capital Ratios Exceed Minimums Company Common Equity Tier 1 ratio stood at 13.8%, significantly exceeding Basel III minimum requirements.

Risk Factors

Credit Quality Monitoring Classified assets total $34.6M (0.62% of total assets); management closely monitors the concentrated CRE loan portfolio quality.
Interest Rate Sensitivity Exposure managed via GAP analysis and shock simulation models against potential yield curve shifts impacting net interest income.
Deposit Cost Volatility Average cost of total deposits decreased to 1.50% in Q3, but liquidity management remains focused on core deposit stability.
Litigation Contingency Impact Q2 2025 included a $9.2M pre-tax accrual for a legal settlement, impacting reported results for the nine months ended September 30, 2025.

Outlook

Profitability Strategy Execution Management executing strategy focused on increasing market share, growing client franchise, and delivering sustained profitable growth.
Loan Portfolio Growth Continues HFI loans increased 5% to $3.6B year-to-date, driven by Commercial and CRE segments while maintaining underwriting criteria.
Expense Management Focus Adjusted noninterest expense growth moderated to 5% for nine months, despite higher salaries and technology investments.
Shareholder Capital Return Board approved doubling share repurchase authorization to $30.0M, extending the program term through October 31, 2026.

Peer Comparison

Revenue (TTM)

CUBI stock ticker logoCUBI
$1.41B
+3.9%
CAC stock ticker logoCAC
$367.34M
+26.8%
ORRF stock ticker logoORRF
$353.86M
+24.6%

Gross Margin (Latest Quarter)

THFF stock ticker logoTHFF
96.6%
+26.3pp
FCBC stock ticker logoFCBC
90.9%
+4.8pp
CCBG stock ticker logoCCBG
88.4%
+2.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CUBI$2.29B10.211.2%6.9%
HFWA$855.54M12.77.5%0.6%
MCBS$812.68M11.014.8%11.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
9.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 22, 2026
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