Heritage Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Heritage Commerce Corp
HTBK Stock  USD 13.46  0.21  1.54%   
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
195.6 M
Profit Margin
0.2445
Market Capitalization
826 M
Enterprise Value Revenue
4.4484
Revenue
195.6 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 2026. Market Cap is expected to rise to about 695.8 M this year. Enterprise Value is expected to rise to about 712.9 M this year

Heritage Commerce Total Revenue

279.45 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 75.2 M or Selling And Marketing Expenses of 89.6 M, as well as many indicators such as Price To Sales Ratio of 3.74, Dividend Yield of 0.0246 or PTB Ratio of 1.68. 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 Assets6.1 B5.8 B3.5 B
Slightly volatile
Total Current Liabilities1.4 B2.3 B1.6 B
Slightly volatile
Total Stockholder Equity744 M708.6 M417.2 M
Slightly volatile
Property Plant And Equipment Net7.8 M9.2 M8 M
Slightly volatile
Cash20.6 M21.7 M378.6 M
Slightly volatile
Non Current Assets Total172.4 M181.5 M1.5 B
Slightly volatile
Other Assets6 B5.7 B2.7 B
Slightly volatile
Cash And Short Term Investments462.9 M614.6 M716.4 M
Slightly volatile
Common Stock Total Equity607.3 M578.4 M332.7 M
Slightly volatile
Common Stock Shares Outstanding32.3 M61.7 M42.3 M
Slightly volatile
Liabilities And Stockholders Equity6.1 B5.8 B3.5 B
Slightly volatile
Non Current Liabilities Total2.9 B2.8 B450.3 M
Slightly volatile
Total Liabilities5.3 B5.1 B3.1 B
Slightly volatile
Property Plant And Equipment Gross35.6 M33.9 M15.2 M
Slightly volatile
Total Current Assets608.3 M614.6 M928.4 M
Slightly volatile
Common Stock535.1 M509.6 M325.1 M
Slightly volatile
Accounts Payable112.1 M106.7 M66.6 M
Slightly volatile
Net Receivables148.1 M141 M78.2 M
Slightly volatile
Short and Long Term Debt Total32.9 M39.8 M26.1 M
Slightly volatile
Other Liabilities40.3 M71.9 M50.2 M
Slightly volatile
Short Term Investments622.6 M593 M349.6 M
Slightly volatile
Property Plant Equipment7.8 M10.7 M8.3 M
Slightly volatile
Short Term Debt20.5 K21.6 K5.6 M
Slightly volatile
Good Will202.4 M192.8 M99 M
Slightly volatile
Other Current Assets750.2 M380.9 M837.4 M
Slightly volatile
Intangible Assets8.1 M4.6 M8.1 M
Slightly volatile
Net Tangible Assets285 M521.9 M291.8 M
Slightly volatile
Retained Earnings Total Equity176.8 M168.3 M82.8 M
Slightly volatile
Long Term Debt Total37.1 M45.3 M36 M
Slightly volatile
Long Term Investments1.7 B973.2 M1.5 B
Pretty Stable
Non Current Liabilities Other66.6 M110.6 M66.5 M
Slightly volatile
Earning Assets1.1 B1.4 B1 B
Slightly volatile
Net Invested Capital646.7 M838.8 M491.8 M
Slightly volatile
Current Deferred Revenue93.8 M117.3 M76 M
Slightly volatile
Capital Stock518.8 M586.6 M400.8 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 Expense75.2 M71.6 M17.6 M
Slightly volatile
Selling And Marketing Expenses89.6 M85.3 M57.7 M
Slightly volatile
Total Revenue279.4 M266.1 M127.9 M
Slightly volatile
Gross Profit203 M193.3 M108.4 M
Slightly volatile
Other Operating Expenses208.4 M198.4 M86.9 M
Slightly volatile
Operating Income71.1 M67.7 M41 M
Slightly volatile
EBIT71.1 M67.7 M41 M
Slightly volatile
EBITDA74.8 M71.2 M43.5 M
Slightly volatile
Cost Of Revenue76.5 M72.8 M33.8 M
Slightly volatile
Income Before Tax71.2 M67.8 M41.1 M
Slightly volatile
Net Income50.2 M47.8 M28.2 M
Slightly volatile
Selling General Administrative77.6 M73.9 M42 M
Slightly volatile
Net Income Applicable To Common Shares80.4 M76.5 M36.9 M
Slightly volatile
Preferred Stock And Other Adjustments1.1 M1.4 M1.5 M
Pretty Stable
Net Income From Continuing Ops50 M46.6 M43.8 M
Slightly volatile
Tax Provision20.3 M18.6 M16.1 M
Slightly volatile
Net Interest Income147.1 M188.2 M120.9 M
Slightly volatile
Interest Income167.4 M279.1 M139 M
Slightly volatile
Reconciled Depreciation3.9 M4.1 M3 M
Slightly volatile

Heritage Commerce Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow27.1 M42.9 M36.7 M
Slightly volatile
Begin Period Cash Flow252.9 M469.3 M364.1 M
Slightly volatile
Depreciation2.3 M4.1 M2.6 M
Slightly volatile
Capital Expenditures735.4 K1.5 M879.2 K
Slightly volatile
Total Cash From Operating Activities28.1 M44.8 M37.6 M
Slightly volatile
Net Income48.9 M46.6 M31.8 M
Slightly volatile
End Period Cash Flow1.2 B1.1 B510.3 M
Slightly volatile
Dividends Paid38.5 M36.6 M19.3 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.742.76674.2908
Slightly volatile
Dividend Yield0.02460.04330.0325
Slightly volatile
PTB Ratio1.681.03921.4328
Slightly volatile
Days Sales Outstanding132154168
Pretty Stable
Book Value Per Share7.1311.55748.4119
Slightly volatile
Free Cash Flow Yield0.05710.05850.0791
Very volatile
Operating Cash Flow Per Share0.710.570.823
Slightly volatile
Stock Based Compensation To Revenue0.00980.01020.012
Pretty Stable
Capex To Depreciation0.640.530.4672
Slightly volatile
PB Ratio1.681.03921.4328
Slightly volatile
Free Cash Flow Per Share0.670.550.7991
Slightly volatile
Net Income Per Share0.430.78020.6412
Slightly volatile
Payables Turnover0.110.120.2759
Slightly volatile
Sales General And Administrative To Revenue0.260.27760.3379
Slightly volatile
Capex To Revenue0.00710.00740.0147
Slightly volatile
Cash Per Share8.4710.025416.2112
Very volatile
POCF Ratio15.0716.9615.0215
Slightly volatile
Interest Coverage0.90.94525.7568
Pretty Stable
Payout Ratio0.410.66650.4871
Slightly volatile
Capex To Operating Cash Flow0.08690.04790.0548
Slightly volatile
PFCF Ratio29.9117.719.0246
Slightly volatile
Days Payables Outstanding1.8 K3.3 K3.8 K
Very volatile
Income Quality1.230.871.3263
Slightly volatile
ROE0.070.06750.0759
Pretty Stable
PE Ratio21.7715.394419.1535
Slightly volatile
Return On Tangible Assets0.00510.00860.0088
Pretty Stable
Earnings Yield0.06820.0650.0629
Slightly volatile
Intangibles To Total Assets0.01930.02990.0241
Slightly volatile
Current Ratio0.160.27130.289
Slightly volatile
Tangible Book Value Per Share5.988.74776.6062
Slightly volatile
Receivables Turnover2.892.452.4181
Pretty Stable
Graham Number9.0414.243310.9986
Slightly volatile
Shareholders Equity Per Share6.9911.55748.4037
Slightly volatile
Debt To Equity0.05340.05620.0772
Slightly volatile
Capex Per Share0.0290.03050.0239
Pretty Stable
Revenue Per Share4.624.3412.9855
Slightly volatile
Interest Debt Per Share3.151.81750.9749
Slightly volatile
Debt To Assets0.00660.00690.0086
Pretty Stable
Short Term Coverage Ratios1.5 K1.5 K687
Slightly volatile
Price Earnings Ratio21.7715.394419.1535
Slightly volatile
Price Book Value Ratio1.681.03921.4328
Slightly volatile
Days Of Payables Outstanding1.8 K3.3 K3.8 K
Very volatile
Dividend Payout Ratio0.410.66650.4871
Slightly volatile
Price To Operating Cash Flows Ratio15.0716.9615.0215
Slightly volatile
Price To Free Cash Flows Ratio29.9117.719.0246
Slightly volatile
Pretax Profit Margin0.170.25470.325
Very volatile
Ebt Per Ebit0.80.90.9836
Slightly volatile
Operating Profit Margin0.170.25440.325
Very volatile
Company Equity Multiplier10.438.13578.9007
Pretty Stable
Long Term Debt To Capitalization0.05050.05320.0897
Slightly volatile
Total Debt To Capitalization0.05050.05320.0696
Slightly volatile
Return On Capital Employed0.01840.01930.0964
Slightly volatile
Debt Equity Ratio0.05340.05620.0772
Slightly volatile
Ebit Per Revenue0.170.25440.325
Very volatile
Quick Ratio0.160.27130.292
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.271.343.8535
Slightly volatile
Net Income Per E B T0.90.70560.7063
Pretty Stable
Cash Ratio0.00910.00960.1287
Pretty Stable
Operating Cash Flow Sales Ratio0.190.140.2896
Slightly volatile
Days Of Sales Outstanding132154168
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.740.860.9296
Very volatile
Cash Flow Coverage Ratios0.980.882.6926
Slightly volatile
Price To Book Ratio1.681.03921.4328
Slightly volatile
Fixed Asset Turnover30.3328.887316.3231
Slightly volatile
Capital Expenditure Coverage Ratio42.8421.676.804
Pretty Stable
Price Cash Flow Ratio15.0716.9615.0215
Slightly volatile
Debt Ratio0.00660.00690.0086
Pretty Stable
Cash Flow To Debt Ratio0.980.882.6926
Slightly volatile
Price Sales Ratio3.742.76674.2908
Slightly volatile
Return On Assets0.0050.00830.0086
Pretty Stable
Asset Turnover0.05730.04620.0402
Slightly volatile
Net Profit Margin0.110.17970.2204
Very volatile
Gross Profit Margin0.60.72630.8256
Very volatile
Price Fair Value1.681.03921.4328
Slightly volatile
Return On Equity0.070.06750.0759
Pretty Stable

Heritage Commerce Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap695.8 M662.7 M533.2 M
Slightly volatile

Heritage Fundamental Market Drivers

Forward Price Earnings11.0497
Cash And Short Term Investments614.6 M

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 Revenue266.1 M279.4 M
Cost Of Revenue72.8 M76.5 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 4.34  4.62 
Ebit Per Revenue 0.25  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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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. Market participants price Heritage higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Heritage Commerce assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth
0.452
Dividend Share
0.52
Earnings Share
0.77
Revenue Per Share
3.186
Quarterly Revenue Growth
0.177
Heritage Commerce Corp's market price often diverges from its book value, the accounting figure shown on Heritage's balance sheet. Smart investors calculate Heritage Commerce's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since Heritage Commerce's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental 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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