Heritage Commerce Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1995
Revenue	191.47	189.23	158.95	138.58	141.21	124.18	111.04	101.61	85.27	65.19	Upgrade
Revenue Growth (YoY)	1.19%	19.05%	14.70%	-1.86%	13.72%	11.83%	9.28%	19.15%	30.81%	11.97%	Upgrade
Gross Profit	191.47	189.23	158.95	138.58	141.21	124.18	111.04	101.61	85.27	65.19	Upgrade
Selling, General & Admin	70.7	69.99	66.8	64.28	60.66	51.14	43.28	41.24	41.27	32.19	Upgrade
Other Operating Expenses	30.35	24.87	26.28	25.23	24.24	24.38	17.46	16.4	17.4	12.03	Upgrade
Operating Expenses	101.05	94.86	93.08	89.51	84.9	75.52	60.74	57.64	58.67	44.22	Upgrade
Operating Income	90.42	94.37	65.87	49.07	56.31	48.66	50.3	43.97	26.6	20.97	Upgrade
Pretax Income	90.42	94.37	65.87	49.07	56.31	48.66	50.3	43.97	26.6	20.97	Upgrade
Income Tax	25.98	27.81	18.17	13.77	15.85	13.32	26.47	16.59	10.1	7.54	Upgrade
Net Income	64.44	66.56	47.7	35.3	40.46	35.33	23.83	27.38	16.5	13.43	Upgrade
Preferred Dividends	0	0	0	0	0	0	0	1.51	1.79	1.01	Upgrade
Net Income Common	64.44	66.56	47.7	35.3	40.46	35.33	23.83	25.87	14.71	12.42	Upgrade
Net Income Growth	-3.17%	39.53%	35.13%	-12.76%	14.52%	48.28%	-7.89%	75.92%	18.41%	10.84%	Upgrade
Shares Outstanding (Basic)	61	61	60	60	59	43	38	38	32	26	Upgrade
Shares Change	0.63%	0.74%	0.59%	1.21%	36.79%	13.30%	0.72%	18.24%	21.40%	0.29%	Upgrade
EPS (Basic)	1.06	1.10	0.79	0.59	0.87	0.85	0.63	0.72	0.48	0.42	Upgrade
EPS (Diluted)	1.05	1.09	0.79	0.59	0.84	0.84	0.62	0.72	0.48	0.42	Upgrade
EPS Growth	-3.67%	37.97%	33.90%	-29.76%	0%	35.48%	-13.89%	50.00%	14.29%	16.67%	Upgrade
Free Cash Flow	71.34	69.07	56.6	54.14	50.14	48.39	40.71	25.42	27.49	18.57	Upgrade
Free Cash Flow Per Share	1.17	1.14	0.94	0.90	0.85	1.12	1.07	0.67	0.86	0.70	Upgrade
Dividend Per Share	0.520	0.520	0.520	0.520	0.480	0.440	0.400	0.360	0.320	0.180	Upgrade
Dividend Growth	0%	0%	0%	8.33%	9.09%	10.00%	11.11%	12.50%	77.78%	200.00%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	47.22%	49.87%	41.44%	35.41%	39.88%	39.18%	45.30%	43.27%	31.19%	32.16%	Upgrade
Profit Margin	33.66%	35.17%	30.01%	25.47%	28.65%	28.45%	21.46%	25.46%	17.24%	19.05%	Upgrade
Free Cash Flow Margin	37.26%	36.50%	35.61%	39.06%	35.51%	38.96%	36.66%	25.02%	32.23%	28.48%	Upgrade
Effective Tax Rate	28.73%	29.47%	27.58%	28.06%	28.15%	27.38%	52.63%	37.73%	37.98%	35.96%	Upgrade
EBITDA	93.94	98.12	69.94	53.77	59.9	51.35	52.45	46.3	28.33	22.2	Upgrade
EBITDA Margin	49.06%	51.85%	44.00%	38.80%	42.42%	41.35%	47.23%	45.57%	33.22%	34.06%	Upgrade
Depreciation & Amortization	3.52	3.76	4.07	4.7	3.59	2.7	2.15	2.33	1.73	1.24	Upgrade
EBIT	90.42	94.37	65.87	49.07	56.31	48.66	50.3	43.97	26.6	20.97	Upgrade
EBIT Margin	47.22%	49.87%	41.44%	35.41%	39.88%	39.18%	45.30%	43.27%	31.19%	32.16%	Upgrade

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).