HTBKHeritage Commerce Corp

$741M

Q1 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$44M+22.9% YoY

Gross Profit

$29M64.6% margin

Operating Income

$3M6.2% margin

Net Income

$2M4.2% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-1.6%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$9M

Stock-Based Comp.

$496,000

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$3.5B

Stockholders' Equity

$571M

Cash & Equivalents

$443M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$36M	+22.9%
Gross Profit	$29M	$35M	-17.6%
Operating Income	$3M	$17M	-83.6%
Net Income	$2M	$12M	-84.7%

Revenue Segments

Service Charges And Fees On Deposit Accounts

$969,00055%

Gain On Disposition Of Foreclosed Assets

$791,00045%

HTBK Q1 2020 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena