HTBK Q1 2018 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$741M

Q1 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$30M+11.4% YoY

Gross Profit

$28M93.2% margin

Operating Income

$12M40.1% margin

Net Income

$9M29.3% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$12M

Stock-Based Comp.

$404,000

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.5B

Stockholders' Equity

$271M

Cash & Equivalents

$302M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$30M	$27M	+11.4%
Gross Profit	$28M	$26M	+8.7%
Operating Income	$12M	$10M	+15.0%
Net Income	$9M	$7M	+34.7%

Revenue Segments

Service Charges And Fees On Deposit Accounts

$478,00064%

Other Non Interest Income In Scope Of Topic606

$148,00020%

Interchange Revenues

$73,00010%

Merchant Services Revenue

$44,0006%