HTBK Q2 2020 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$741M

Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$39M+8.2% YoY

Gross Profit

$36M91.6% margin

Operating Income

$15M38.0% margin

Net Income

$11M27.1% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

-11.2%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$15M

Stock-Based Comp.

$602,000

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$4.0B

Stockholders' Equity

$575M

Cash & Equivalents

$926M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$36M	+8.2%
Gross Profit	$36M	$34M	+4.3%
Operating Income	$15M	$16M	-6.8%
Net Income	$11M	$11M	-6.5%

Revenue Segments

Service Charges And Fees On Deposit Accounts

$650,000100%