HTBKHeritage Commerce Corp

$741M

Q1 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$36M+19.4% YoY

Gross Profit

$35M96.3% margin

Operating Income

$17M46.4% margin

Net Income

$12M33.8% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$13M

Stock-Based Comp.

$437,000

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.7B

Stockholders' Equity

$379M

Cash & Equivalents

$235M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$36M	$30M	+19.4%
Gross Profit	$35M	$28M	+23.3%
Operating Income	$17M	$12M	+38.2%
Net Income	$12M	$9M	+37.9%

HTBK Q1 2019 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena