HTBK Q4 2022 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q4 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$58M+35.5% YoY

Gross Profit

$54M93.2% margin

Operating Income

$29M50.9% margin

Net Income

$21M35.9% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

+10.4%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$27M

Stock-Based Comp.

$503,000

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$4.5B

Stockholders' Equity

$632M

Cash & Equivalents

$307M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$58M	$43M	+35.5%
Gross Profit	$54M	$42M	+30.0%
Operating Income	$29M	$19M	+52.7%
Net Income	$21M	$14M	+48.9%

Revenue Segments

Service charges and fees on deposit accounts

$2M100%