Heritage Commerce Corp (HTBK)

Heritage Commerce Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	181.44	191.47	189.23	158.95	138.58	141.21
Revenue Growth (YoY)	-9.27%	1.19%	19.05%	14.70%	-1.86%	13.72%
Gross Profit	181.44	191.47	189.23	158.95	138.58	141.21
Selling, General & Admin	71.37	70.7	69.99	66.8	64.28	60.66
Other Operating Expenses	31.82	30.35	24.87	26.28	25.23	24.24
Operating Expenses	103.19	101.05	94.86	93.08	89.51	84.9
Operating Income	78.25	90.42	94.37	65.87	49.07	56.31
Pretax Income	78.25	90.42	94.37	65.87	49.07	56.31
Income Tax	22.56	25.98	27.81	18.17	13.77	15.85
Net Income	55.69	64.44	66.56	47.7	35.3	40.46
Net Income Growth	-23.30%	-3.17%	39.53%	35.13%	-12.76%	14.52%
Shares Outstanding (Basic)	61	61	61	60	60	59
Shares Change	0.45%	0.63%	0.74%	0.59%	1.21%	36.79%
EPS (Basic)	0.92	1.06	1.10	0.79	0.59	0.87
EPS (Diluted)	0.92	1.05	1.09	0.79	0.59	0.84
EPS Growth	-22.69%	-3.67%	37.97%	33.90%	-29.76%	0%
Free Cash Flow	48.4	71.34	69.07	56.6	54.14	50.14
Free Cash Flow Per Share	0.79	1.17	1.14	0.94	0.90	0.85
Dividend Per Share	0.520	0.520	0.520	0.520	0.520	0.480
Dividend Growth	0%	0%	0%	0%	8.33%	9.09%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	43.13%	47.22%	49.87%	41.44%	35.41%	39.88%
Profit Margin	30.69%	33.66%	35.17%	30.01%	25.47%	28.65%
Free Cash Flow Margin	26.68%	37.26%	36.50%	35.61%	39.06%	35.51%
Effective Tax Rate	28.83%	28.73%	29.47%	27.58%	28.06%	28.15%
EBITDA	81.75	93.94	98.12	69.94	53.77	59.9
EBITDA Margin	45.06%	49.06%	51.85%	44.00%	38.80%	42.42%
Depreciation & Amortization	3.5	3.52	3.76	4.07	4.7	3.59
EBIT	78.25	90.42	94.37	65.87	49.07	56.31
EBIT Margin	43.13%	47.22%	49.87%	41.44%	35.41%	39.88%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).