HTBK Q1 2021 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$39M-11.5% YoY

Gross Profit

$39M99.3% margin

Operating Income

$16M39.7% margin

Net Income

$11M28.7% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$10M

Stock-Based Comp.

$590,000

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$4.4B

Stockholders' Equity

$582M

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$44M	-11.5%
Gross Profit	$39M	$29M	+36.0%
Operating Income	$16M	$3M	+469.0%
Net Income	$11M	$2M	+502.0%

Revenue Segments

Service Charges And Fees On Deposit Accounts

$601,000100%