HTBK Q1 2022 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q1 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$42M+8.5% YoY

Gross Profit

$41M97.4% margin

Operating Income

$18M42.5% margin

Net Income

$13M30.4% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$17M

Stock-Based Comp.

$667,000

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$4.8B

Stockholders' Equity

$601M

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$42M	$39M	+8.5%
Gross Profit	$41M	$39M	+6.4%
Operating Income	$18M	$16M	+15.9%
Net Income	$13M	$11M	+14.8%

Revenue Segments

Service charges and fees on deposit accounts

$612,000100%