HTBKHeritage Commerce Corp

$758M

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$46M+18.7% YoY

Gross Profit

$44M96.7% margin

Operating Income

$21M45.9% margin

Net Income

$15M32.5% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+7.8%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$9M

Stock-Based Comp.

$621,000

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$4.7B

Stockholders' Equity

$607M

Cash & Equivalents

$877M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$46M	$38M	+18.7%
Gross Profit	$44M	$37M	+18.7%
Operating Income	$21M	$12M	+78.3%
Net Income	$15M	$9M	+68.2%

Revenue Segments

Service charges and fees on deposit accounts

$867,000100%

HTBK Q2 2022 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena