Heritage Commerce Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	257	182.98	177.63	153.01	139.24
Interest Income on Investments	-	59.72	56.67	35.82	14.01
Total Interest Income	257	242.7	234.3	188.83	153.26
Interest Paid on Deposits	71.62	76.9	47.56	6.77	4.82
Interest Paid on Borrowings	-	2.15	3.52	2.18	2.32
Total Interest Expense	71.62	79.05	51.07	8.95	7.13
Net Interest Income	185.38	163.65	183.22	179.88	146.13
Net Interest Income Growth (YoY)	13.28%	-10.68%	1.86%	23.10%	2.99%
Other Non-Interest Income	8.19	4.71	4.18	4.98	5.48
Total Non-Interest Income	12.09	8.75	9	10.11	9.69
Non-Interest Income Growth (YoY)	38.19%	-2.78%	-11.01%	4.37%	-2.36%
Revenues Before Loan Losses	197.46	172.4	192.22	189.99	155.81
Provision for Loan Losses	1.82	2.14	0.75	0.77	-3.13
Revenue	195.65	170.26	191.47	189.23	158.95
Revenue Growth (YoY)	14.91%	-11.08%	1.19%	19.05%	14.70%
Salaries and Employee Benefits	66.54	61.11	54.47	52.15	49.34
Occupancy Expenses	9.94	3.37	2.73	9.64	9.04
Selling, General & Administrative	6.23	15.11	13.51	8.19	8.42
Other Non-Interest Expense	45.15	33.99	30.35	24.87	21.78
Total Non-Interest Expense	127.86	113.58	101.05	94.86	88.58
EBT Excluding Unusual Items	67.79	56.67	90.42	94.37	70.37
Legal Settlements	-	-	-	-	-4.5
Pretax Income	67.79	56.67	90.42	94.37	65.87
Income Tax Expense	19.96	16.15	25.98	27.81	18.17
Net Income	47.83	40.53	64.44	66.56	47.7
Net Income to Common	47.83	40.53	64.44	66.56	47.7
Net Income Growth	18.02%	-37.11%	-3.17%	39.53%	35.13%
Basic Shares Outstanding	61	61	61	61	60
Diluted Shares Outstanding	62	62	61	61	61
Shares Change (YoY)	0.28%	0.35%	0.36%	0.66%	0.86%
EPS (Basic)	0.78	0.66	1.06	1.10	0.79
EPS (Diluted)	0.78	0.66	1.05	1.09	0.79
EPS Growth	18.01%	-37.14%	-3.67%	37.97%	33.90%
Dividend Per Share	0.520	0.520	0.520	0.520	0.520
Effective Tax Rate	29.44%	28.49%	28.73%	29.47%	27.58%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.