HTBK Q1 2023 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$59M+38.3% YoY

Gross Profit

$52M88.0% margin

Operating Income

$27M45.4% margin

Net Income

$19M32.3% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$30M

Stock-Based Comp.

$529,000

Balance Sheet

Total Assets

$5.5B

Total Liabilities

$4.9B

Stockholders' Equity

$647M

Cash & Equivalents

$740M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$59M	$42M	+38.3%
Gross Profit	$52M	$41M	+25.0%
Operating Income	$27M	$18M	+47.8%
Net Income	$19M	$13M	+47.0%

Revenue Segments

Service charges and fees on deposit accounts

$2M100%