HTBK Q2 2024 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$60M+0.9% YoY

Gross Profit

$40M66.8% margin

Operating Income

$13M21.6% margin

Net Income

$9M15.3% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$10M

Stock-Based Comp.

$707,000

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.6B

Stockholders' Equity

$679M

Cash & Equivalents

$648M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$60M	+0.9%
Gross Profit	$40M	$48M	-15.2%
Operating Income	$13M	$23M	-43.5%
Net Income	$9M	$16M	-43.7%

Revenue Segments

Service charges and fees on deposit accounts

$891,000100%