htbk: the income statement

MyFinsight

HERITAGE COMMERCE CORP (HTBK)

For the quarter ending 2025-06-30, HTBK made $929K in revenue. $6,389K in net income. Net profit margin of 687.73%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Service charges and fees on deposit accounts	929	892	908	891
Other	541	409	554	379
Fhlb and frb stock dividends	584	590	-	-
Gain on sales of sba loans	87	98	94	76
Servicing income	61	82	108	90
Increase in cash surrender value of life insurance	548	538	530	521
Termination fees	227	87	46	100
Gain on proceeds from company-owned life insurance	-	-	-	219
Total noninterest income	2,977	2,696	2,240	2,276
Professional fees	1,819	1,580	1,306	1,072
Occupancy and equipment	2,525	2,534	2,599	2,689
Salaries and employee benefits	16,227	16,575	15,673	15,794
Other	17,764	8,767	7,977	8,633
Total noninterest expense	38,335	29,456	27,555	28,188
Provision for credit losses on loans	516	274	153	471
Net interest income	44,805	43,360	39,915	39,455
Netinterestincomeafterprovision for credit losses on loans	44,289	43,086	39,762	38,984
Income before income taxes	8,931	16,326	14,447	13,072
Income tax expense	2,542	4,700	3,940	3,838
Net income	6,389	11,626	10,507	9,234

Basic (in dollars per share)	0.1	0.19	0.17	0.15
Diluted (in dollars per share)	0.1	0.19	0.17	0.15
Shares used in computing diluted earnings per common share	61,624,600	61,708,361	61,546,157	61,438,088
Weighted average common shares outstanding for basic earnings per common share (in shares)	61,508,180	61,479,579	61,295,877	61,279,914

Unit: Thousand (K) dollars (except for numbers of shares and EPS)