HTBK Q4 2023 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$62M+7.8% YoY

Gross Profit

$46M73.0% margin

Operating Income

$18M29.6% margin

Net Income

$13M21.3% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$624,000

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$4.5B

Stockholders' Equity

$673M

Cash & Equivalents

$408M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$62M	$58M	+7.8%
Gross Profit	$46M	$54M	-15.6%
Operating Income	$18M	$29M	-37.4%
Net Income	$13M	$21M	-35.9%

Revenue Segments

Service charges and fees on deposit accounts

$2M100%