HTBK Q3 2024 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$63M+0.9% YoY

Gross Profit

$41M65.5% margin

Operating Income

$14M23.0% margin

Net Income

$11M16.7% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$5M

Stock-Based Comp.

$756,000

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$4.9B

Stockholders' Equity

$685M

Cash & Equivalents

$956M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$63M	$62M	+0.9%
Gross Profit	$41M	$47M	-11.9%
Operating Income	$14M	$22M	-35.1%
Net Income	$11M	$16M	-33.5%

Revenue Segments

Service charges and fees on deposit accounts

$908,000100%