HTBK Q2 2019 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$741M

Q2 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$36M+4.3% YoY

Gross Profit

$34M94.9% margin

Operating Income

$16M44.1% margin

Net Income

$11M31.3% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$4M

Stock-Based Comp.

$458,000

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.7B

Stockholders' Equity

$388M

Cash & Equivalents

$276M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$36M	$35M	+4.3%
Gross Profit	$34M	$26M	+33.7%
Operating Income	$16M	$884,000	+1707.2%
Net Income	$11M	$915,000	+1140.8%