HTBK Q3 2023 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$62M+18.7% YoY

Gross Profit

$47M75.0% margin

Operating Income

$22M35.7% margin

Net Income

$16M25.3% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$16M

Stock-Based Comp.

$617,000

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$4.7B

Stockholders' Equity

$662M

Cash & Equivalents

$646M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$62M	$53M	+18.7%
Gross Profit	$47M	$49M	-5.3%
Operating Income	$22M	$26M	-14.2%
Net Income	$16M	$18M	-12.6%

Revenue Segments

Service charges and fees on deposit accounts

$859,000100%