HTBK FY 2024 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

FY 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$251M+3.4% YoY

Gross Profit

$170M67.7% margin

Operating Income

$57M22.5% margin

Net Income

$41M16.1% margin

EPS (Diluted)

$0.66

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$37M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$5.0B

Stockholders' Equity

$690M

Cash & Equivalents

$968M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$251M	$243M	+3.4%
Gross Profit	$170M	$191M	-11.1%
Operating Income	$57M	$90M	-37.3%
Net Income	$41M	$64M	-37.1%