HTBK Q2 2023 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$60M+31.2% YoY

Gross Profit

$48M79.5% margin

Operating Income

$23M38.6% margin

Net Income

$16M27.4% margin

EPS (Diluted)

$0.27

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$30M

Stock-Based Comp.

$626,000

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.7B

Stockholders' Equity

$654M

Cash & Equivalents

$512M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$46M	+31.2%
Gross Profit	$48M	$44M	+7.8%
Operating Income	$23M	$21M	+10.2%
Net Income	$16M	$15M	+10.7%

Revenue Segments

Service charges and fees on deposit accounts

$901,000100%