HTBK FY 2023 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

FY 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$243M+22.3% YoY

Gross Profit

$191M78.7% margin

Operating Income

$90M37.2% margin

Net Income

$64M26.5% margin

EPS (Diluted)

$1.05

Cash Flow

Operating Cash Flow

$73M

Free Cash Flow

$71M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$4.5B

Stockholders' Equity

$673M

Cash & Equivalents

$408M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$243M	$199M	+22.3%
Gross Profit	$191M	$189M	+1.2%
Operating Income	$90M	$94M	-4.2%
Net Income	$64M	$67M	-3.2%