Heritage Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Heritage Commerce Corp
HTBK Stock  USD 12.54  0.02  0.16%   
Analyzing historical trends in various income statement and balance sheet accounts from Heritage Commerce's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Heritage Commerce's valuation are summarized below:
Gross Profit
187.7 M
Profit Margin
0.2309
Market Capitalization
769.1 M
Enterprise Value Revenue
4.2626
Revenue
187.7 M
There are currently one hundred twenty fundamental trends for Heritage Commerce Corp that can be evaluated and compared over time across competitors. We recommend to confirm Heritage Commerce's regular fundamental drivers against the all of the trends between 2010 and 2025. Market Cap is expected to rise to about 498.6 M this year, although Enterprise Value is projected to rise to (152.2 M).

Heritage Commerce Total Revenue

264.02 Million

Check Heritage Commerce financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Heritage Commerce's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.3 M, Interest Expense of 83 M or Selling And Marketing Expenses of 77.9 M, as well as many indicators such as Price To Sales Ratio of 3.76, Dividend Yield of 0.0582 or PTB Ratio of 0.79. Heritage financial statements analysis is a perfect complement when working with Heritage Commerce Valuation or Volatility modules.
  
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Check out the analysis of Heritage Commerce Correlation against competitors.

Heritage Commerce Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets5.9 B5.6 B3.3 B
Slightly volatile
Total Current Liabilities5.1 B4.8 B1.8 B
Slightly volatile
Total Stockholder Equity724.2 M689.7 M397.7 M
Slightly volatile
Property Plant And Equipment Net7.7 M10.1 M7.9 M
Slightly volatile
Cash1 B968.1 M463.1 M
Slightly volatile
Non Current Assets Total4.6 B4.4 B1.8 B
Slightly volatile
Other Assets16.5 M17.3 M1.8 B
Pretty Stable
Cash And Short Term Investments1.3 B1.2 B774.2 M
Slightly volatile
Common Stock Total Equity607.3 M578.4 M322.1 M
Slightly volatile
Common Stock Shares Outstanding31 M61.5 M41 M
Slightly volatile
Liabilities And Stockholders Equity5.9 B5.6 B3.3 B
Slightly volatile
Non Current Liabilities Total93.8 M135.2 M126.8 M
Very volatile
Total Liabilities5.2 B5 B2.9 B
Slightly volatile
Property Plant And Equipment Gross30.9 M29.4 M13.7 M
Slightly volatile
Total Current Assets1.3 B1.2 B990.4 M
Slightly volatile
Common Stock535.6 M510.1 M313.5 M
Slightly volatile
Accounts Payable112.1 M106.7 M65 M
Slightly volatile
Net Receivables148.1 M141 M75.4 M
Slightly volatile
Short and Long Term Debt Total33 M39.7 M25.3 M
Slightly volatile
Other Liabilities40.3 M71.9 M49.4 M
Slightly volatile
Short Term Investments253.3 M256.3 M311.3 M
Pretty Stable
Property Plant Equipment7.8 M10.7 M8.2 M
Slightly volatile
Short Term Debt22.8 K24 K5.9 M
Slightly volatile
Good Will202.4 M192.8 M94.8 M
Slightly volatile
Other Current Assets750.2 M380.9 M863.3 M
Pretty Stable
Intangible Assets8.3 M6.4 M8.3 M
Slightly volatile
Net Tangible Assets285 M521.9 M281.7 M
Slightly volatile
Retained Earnings Total Equity176.8 M168.3 M78.9 M
Slightly volatile
Long Term Debt Total37.1 M45.3 M35.8 M
Slightly volatile
Long Term Investments804 M846.3 M1.5 B
Pretty Stable
Non Current Liabilities Other66.6 M110.6 M64.7 M
Slightly volatile
Earning Assets1.1 B1.4 B1 B
Slightly volatile
Net Invested Capital646.7 M729.4 M470.2 M
Slightly volatile
Current Deferred Revenue93.8 M117.3 M74.4 M
Slightly volatile
Capital Stock518.8 M510.1 M389.2 M
Slightly volatile

Heritage Commerce Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization2.3 M3.5 M2.5 M
Slightly volatile
Interest Expense83 M79.1 M14.7 M
Slightly volatile
Selling And Marketing Expenses77.9 M74.2 M55.2 M
Slightly volatile
Total Revenue264 M251.4 M118.3 M
Slightly volatile
Gross Profit178.8 M170.3 M101.6 M
Slightly volatile
Other Operating Expenses204.5 M194.8 M79.7 M
Slightly volatile
Operating Income59.5 M56.7 M38.7 M
Slightly volatile
EBIT59.5 M56.7 M38.7 M
Slightly volatile
EBITDA63.2 M60.2 M41 M
Slightly volatile
Cost Of Revenue85.2 M81.2 M31.9 M
Slightly volatile
Income Before Tax59.5 M56.7 M38.7 M
Slightly volatile
Net Income42.6 M40.5 M26.5 M
Slightly volatile
Selling General Administrative74.2 M70.7 M39.7 M
Slightly volatile
Net Income Applicable To Common Shares80.4 M76.5 M35 M
Slightly volatile
Preferred Stock And Other Adjustments1.1 M1.4 M1.5 M
Pretty Stable
Net Income From Continuing Ops50 M40.5 M43.6 M
Slightly volatile
Tax Provision20.3 M16.1 M15.9 M
Slightly volatile
Net Interest Income147.1 M163.6 M116.7 M
Slightly volatile
Interest Income167.4 M242.7 M130.2 M
Slightly volatile
Reconciled Depreciation3.9 M3.5 M2.9 M
Slightly volatile

Heritage Commerce Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow27.1 M37.3 M36.3 M
Slightly volatile
Begin Period Cash Flow252.9 M408.1 M357.5 M
Slightly volatile
Depreciation2.3 M3.5 M2.5 M
Slightly volatile
Capital Expenditures1.7 M1.6 M903.5 K
Slightly volatile
Total Cash From Operating Activities28.1 M39 M37.1 M
Slightly volatile
Net Income42.6 M40.5 M30.5 M
Slightly volatile
End Period Cash Flow1 B968.1 M463.1 M
Slightly volatile
Dividends Paid33.5 M31.9 M17.9 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.762.28574.3873
Slightly volatile
Dividend Yield0.05820.05540.0339
Slightly volatile
PTB Ratio0.790.83331.4018
Slightly volatile
Days Sales Outstanding132154168
Pretty Stable
Book Value Per Share7.0611.2578.211
Slightly volatile
Free Cash Flow Yield0.05710.0650.0804
Very volatile
Operating Cash Flow Per Share0.710.6360.8389
Slightly volatile
Stock Based Compensation To Revenue0.00980.01130.0121
Slightly volatile
Capex To Depreciation0.640.46020.4632
Slightly volatile
PB Ratio0.790.83331.4018
Slightly volatile
Free Cash Flow Per Share0.670.60950.8147
Slightly volatile
ROIC0.04260.04910.0695
Very volatile
Net Income Per Share0.420.66150.6321
Slightly volatile
Payables Turnover0.110.120.2868
Slightly volatile
Sales General And Administrative To Revenue0.260.28110.3415
Slightly volatile
Capex To Revenue0.00610.00650.0151
Slightly volatile
Cash Per Share20.9819.983317.3797
Slightly volatile
POCF Ratio15.0714.747414.9004
Slightly volatile
Interest Coverage0.680.71696.0438
Very volatile
Payout Ratio0.40.78610.4751
Slightly volatile
Capex To Operating Cash Flow0.03960.04170.0523
Slightly volatile
PFCF Ratio29.9115.388719.1073
Slightly volatile
Days Payables Outstanding1.8 K3.3 K3.8 K
Very volatile
Income Quality1.230.96161.3549
Slightly volatile
ROE0.06990.05880.0764
Slightly volatile
PE Ratio21.9314.180919.3905
Slightly volatile
Return On Tangible Assets0.0050.00740.0088
Slightly volatile
Earnings Yield0.0740.07050.0632
Slightly volatile
Intangibles To Total Assets0.0190.03080.0237
Slightly volatile
Current Ratio0.150.2540.2895
Slightly volatile
Tangible Book Value Per Share5.958.4166.4704
Slightly volatile
Receivables Turnover2.892.452.4362
Pretty Stable
Graham Number8.9512.943510.7918
Slightly volatile
Shareholders Equity Per Share6.9111.2578.2016
Slightly volatile
Debt To Equity0.05460.05750.0786
Slightly volatile
Capex Per Share0.02520.02650.0233
Pretty Stable
Revenue Per Share4.614.10392.9002
Slightly volatile
Interest Debt Per Share3.191.93740.9247
Slightly volatile
Debt To Assets0.00670.0070.0087
Pretty Stable
Short Term Coverage Ratios1.5 K1.5 K628
Slightly volatile
Price Earnings Ratio21.9314.180919.3905
Slightly volatile
Price Book Value Ratio0.790.83331.4018
Slightly volatile
Days Of Payables Outstanding1.8 K3.3 K3.8 K
Very volatile
Dividend Payout Ratio0.40.78610.4751
Slightly volatile
Price To Operating Cash Flows Ratio15.0714.747414.9004
Slightly volatile
Price To Free Cash Flows Ratio29.9115.388719.1073
Slightly volatile
Pretax Profit Margin0.170.22540.3295
Very volatile
Ebt Per Ebit0.80.90.9846
Slightly volatile
Operating Profit Margin0.170.22540.3294
Very volatile
Company Equity Multiplier10.478.18448.9511
Pretty Stable
Long Term Debt To Capitalization0.05160.05440.092
Slightly volatile
Total Debt To Capitalization0.05160.05440.0707
Pretty Stable
Return On Capital Employed0.06820.06870.1044
Very volatile
Debt Equity Ratio0.05460.05750.0786
Slightly volatile
Ebit Per Revenue0.170.22540.3294
Very volatile
Quick Ratio0.160.2540.2939
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.111.16394.0006
Slightly volatile
Net Income Per E B T0.90.71510.7063
Very volatile
Cash Ratio0.210.20090.1487
Pretty Stable
Operating Cash Flow Sales Ratio0.190.1550.299
Pretty Stable
Days Of Sales Outstanding132154168
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.740.95830.9339
Pretty Stable
Cash Flow Coverage Ratios0.980.98282.8059
Slightly volatile
Price To Book Ratio0.790.83331.4018
Slightly volatile
Fixed Asset Turnover26.0424.797515.2697
Slightly volatile
Capital Expenditure Coverage Ratio42.8423.996980.2542
Pretty Stable
Price Cash Flow Ratio15.0714.747414.9004
Slightly volatile
Debt Ratio0.00670.0070.0087
Pretty Stable
Cash Flow To Debt Ratio0.980.98282.8059
Slightly volatile
Price Sales Ratio3.762.28574.3873
Slightly volatile
Return On Assets0.00490.00720.0086
Pretty Stable
Asset Turnover0.05750.04450.0399
Slightly volatile
Net Profit Margin0.10.16120.2224
Very volatile
Gross Profit Margin0.60.67710.8318
Pretty Stable
Price Fair Value0.790.83331.4018
Slightly volatile
Return On Equity0.06990.05880.0764
Slightly volatile

Heritage Commerce Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap498.6 M474.8 M457.3 M
Slightly volatile

Heritage Fundamental Market Drivers

Forward Price Earnings11.0497
Cash And Short Term Investments1.2 B

Heritage Upcoming Events

25th of April 2024
Upcoming Quarterly Report
View
25th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
23rd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Heritage Commerce Financial Statements

Heritage Commerce investors utilize fundamental indicators, such as revenue or net income, to predict how Heritage Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue117.3 M93.8 M
Total Revenue251.4 M264 M
Cost Of Revenue81.2 M85.2 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.28  0.26 
Capex To Revenue 0.01  0.01 
Revenue Per Share 4.10  4.61 
Ebit Per Revenue 0.23  0.17 

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When determining whether Heritage Commerce Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Heritage Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Heritage Commerce Corp Stock. Highlighted below are key reports to facilitate an investment decision about Heritage Commerce Corp Stock:
How To Invest In Heritage
Details
Is Heritage Stock a good investment?
Details
What is Heritage Commerce's Net Worth?
Details
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Check out the analysis of Heritage Commerce Correlation against competitors.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Commerce. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.41
Dividend Share
0.52
Earnings Share
0.7
Revenue Per Share
3.056
Quarterly Revenue Growth
0.181
The market value of Heritage Commerce Corp is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
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Financial
Analysis
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Buy or Sell
Advice
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Earnings
Projections
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Please note, there is a significant difference between Heritage Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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