HTBK Q1 2024 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$59M+0.4% YoY

Gross Profit

$41M70.0% margin

Operating Income

$14M24.5% margin

Net Income

$10M17.3% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$7M

Stock-Based Comp.

$654,000

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.6B

Stockholders' Equity

$676M

Cash & Equivalents

$541M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$59M	$59M	+0.4%
Gross Profit	$41M	$52M	-20.1%
Operating Income	$14M	$27M	-45.8%
Net Income	$10M	$19M	-46.3%

Revenue Segments

Service charges and fees on deposit accounts

$877,000100%