8-K Announcements
6Material company update
Apr 21, 2026·SEC
Material company update
Apr 1, 2026·SEC
Material company update
Mar 27, 2026·SEC
Heritage Commerce Corp(HTBK)Earnings, Financials & Key Ratios
HTBK•NASDAQ•Banking & Credit
$13.45
17.2× P/E·Price updated Jun 20, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutHeritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. The company operates through 17 full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.Show more
- Net Interest Income$185M+13.3%
- Total Revenue$266M+5.8%
- Net Income$48M+18.0%
- Return on Equity6.84%+15.0%
- Net Interest Margin3.22%+10.9%
- Efficiency Ratio47.2%+4.5%
- ROA0.84%+12.1%
- Equity / Assets12.29%+0.6%
- Book Value per Share11.48+2.4%
HTBK Price & Volume
Heritage Commerce Corp (HTBK) stock price & volume — 10-year historical chart
Loading chart...
Strategic Asset Deployment Offsets Regional Margin Constraints
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Regional CRE Concentration
Key Thesis Takeaways
- Heritage Commerce Corp demonstrates resilient organic capital generation with an OCF/NI ratio averaging above 1.0, supporting a stable dividend profile despite persistent net interest margin compression at 0.9%.
- The bank's strategic pivot to deploy liquidity into a $593 million investment securities portfolio aims to bolster net interest income, which grew 14.1% year-over-year as of 2025Q4.
- However, investors should monitor the significant geographic concentration risk within the San Francisco Bay Area commercial real estate market, which remains a primary vulnerability for future credit quality.
Verdict Logic
while the bank maintains a robust equity-to-assets ratio of 0.12, the stagnant 0.9% net interest margin and geographic concentration risks warrant a cautious approach at the current 1.17 P/B valuation.
HTBK Growth Metrics
Heritage Commerce Corp (HTBK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.74%
5 Years10.66%
3 Years10.19%
TTM-
Profit CAGR
10 Years11.23%
5 Years6.26%
3 Years-10.43%
TTM18.02%
EPS CAGR
10 Years4.97%
5 Years5.74%
3 Years-10.56%
TTM18.18%
Return on Capital
10 Years11.47%
5 Years9.43%
3 Years7.41%
Last Year3.13%
HTBK Recent Earnings
Heritage Commerce Corp (HTBK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (44%)●Beat Revenue 2/12 qtrs (22%)
Q2 2026Latest
Mar 9, 2026Metric
Actual
Est
EPS
$0.24
—
Rev
$70M
—
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.28+21.7%
$0.23
Rev
$54M+5.6%
$51M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.24+14.3%
$0.21
Rev
$49M-1.0%
$49M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.21+10.5%
$0.19
Rev
$47M-4.4%
$49M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 9, 2026 | $0.24 | $70M |
| Q1 2026 | Jan 22, 2026 | $0.28vs $0.23+21.7% | $54Mvs $51M+5.6% |
| Q4 2025 | Oct 23, 2025 | $0.24vs $0.21+14.3% | $49Mvs $49M-1.0% |
| Q3 2025 | Jul 24, 2025 | $0.21vs $0.19+10.5% | $47Mvs $49M-4.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Heritage Commerce Corp (HTBK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.45 | $828.43M | 17.24 | 5.84% | 17.97% | 6.84% | 3.85% | |
| $38.16 | $2.82B | 14.51 | -1.58% | 18.26% | 8.36% | — | |
| $22.76 | $3.09B | 14.97 | -2.33% | 32.4% | 9.16% | — | |
| $67.60 | $2.3B | 11.99 | -0.95% | 24.82% | 10.66% | — | |
| $32.24 | $7.67B | 14.02 | 8.35% | 19.56% | 9.16% | — | |
| $32.48 | $966.81M | 12.94 | 3.55% | 18.42% | 10.31% | — |
Compare HTBK vs Peers
Heritage Commerce Corp (HTBK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HTBK SEC Filings & Documents
Heritage Commerce Corp (HTBK) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when HTBK posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
HTBK Frequently Asked Questions
Heritage Commerce Corp (HTBK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Heritage Commerce Corp growing?
Heritage Commerce Corp (HTBK) grew revenue by 5.8% over the past year. This is steady growth.
Is HTBK profitable?
Yes, Heritage Commerce Corp (HTBK) is profitable, generating $47.8M in net income for fiscal year 2025 (18.0% net margin).
Dividend & Returns
Does HTBK pay dividends?
Yes, Heritage Commerce Corp (HTBK) pays a dividend with a yield of 3.85%. This makes it attractive for income-focused investors.
What is HTBK's return on equity?
Heritage Commerce Corp (HTBK) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.
Industry Metrics
What is Heritage Commerce Corp's net interest margin?
Heritage Commerce Corp (HTBK) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.
What is Heritage Commerce Corp's efficiency ratio?
Heritage Commerce Corp (HTBK) has an efficiency ratio of 47.2%. This is excellent, indicating strong cost control.