Heritage Commerce Corp (HTBK)

Heritage Commerce Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	193.24	182.98	177.63	153.01	139.24	133.17
Interest Income on Investments	63.11	59.72	56.67	35.82	14.01	17.3
Total Interest Income	256.35	242.7	234.3	188.83	153.26	150.47
Interest Paid on Deposits	73.3	76.9	47.56	6.77	4.82	6.26
Interest Paid on Borrowings	2.15	2.15	3.52	2.18	2.32	2.32
Total Interest Expense	75.45	79.05	51.07	8.95	7.13	8.58
Net Interest Income	180.9	163.65	183.22	179.88	146.13	141.89
Net Interest Income Growth (YoY)	13.06%	-10.68%	1.86%	23.10%	2.99%	7.65%
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.28
Other Non-Interest Income	5.4	4.71	4.18	4.98	5.48	5.16
Total Non-Interest Income	9.31	8.75	9	10.11	9.69	9.92
Non-Interest Income Growth (YoY)	-9.35%	-2.78%	-11.01%	4.37%	-2.36%	-3.14%
Revenues Before Loan Losses	190.21	172.4	192.22	189.99	155.81	151.81
Provision for Loan Losses	2.54	2.14	0.75	0.77	-3.13	13.23
Revenue	187.68	170.26	191.47	189.23	158.95	138.58
Revenue Growth (YoY)	10.94%	-11.08%	1.19%	19.05%	14.70%	-1.86%
Salaries and Employee Benefits	64.55	61.11	54.47	52.15	49.34	48.32
Occupancy Expenses	3.2	3.37	2.73	9.64	9.04	8.02
Selling, General & Administrative	15.34	15.11	13.51	8.19	8.42	7.59
Other Non-Interest Expense	34.84	33.99	30.35	24.87	21.78	22.98
Total Non-Interest Expense	117.94	113.58	101.05	94.86	88.58	86.91
EBT Excluding Unusual Items	69.74	56.67	90.42	94.37	70.37	51.67
Legal Settlements	-9.18	-	-	-	-4.5	-
Pretax Income	60.56	56.67	90.42	94.37	65.87	49.07
Income Tax Expense	17.22	16.15	25.98	27.81	18.17	13.77
Net Income	43.33	40.53	64.44	66.56	47.7	35.3
Net Income to Common	43.33	40.53	64.44	66.56	47.7	35.3
Net Income Growth	0.23%	-37.11%	-3.17%	39.53%	35.13%	-12.76%
Basic Shares Outstanding	61	61	61	61	60	59
Diluted Shares Outstanding	62	62	61	61	61	60
Shares Change (YoY)	0.32%	0.35%	0.36%	0.66%	0.86%	25.60%
EPS (Basic)	0.71	0.66	1.06	1.10	0.79	0.59
EPS (Diluted)	0.70	0.66	1.05	1.09	0.79	0.59
EPS Growth	-0.88%	-37.14%	-3.67%	37.97%	33.90%	-29.76%
Dividend Per Share	0.520	0.520	0.520	0.520	0.520	0.520
Dividend Growth	-	-	-	-	-	8.33%
Effective Tax Rate	28.44%	28.49%	28.73%	29.47%	27.58%	28.06%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q