For the quarter ending 2025-09-30, HTBK made $162,431,000 in revenue. $14,698,000 in net income. Net profit margin of 9.05%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Loans, including fees | 50,130,000 | - | 46,702,000 | 45,866,000 |
| Securities, taxable | 6,146,000 | - | 5,559,000 | 5,329,000 |
| Securities, exempt from federal tax | 203,000 | - | 217,000 | 221,000 |
| Other investments, interest-bearing deposits in other financial institutions and federal funds sold | 8,615,000 | - | 9,354,000 | 9,676,000 |
| Total interest income | 65,094,000 | - | 61,832,000 | 61,092,000 |
| Deposits | 17,769,000 | - | 17,935,000 | 18,415,000 |
| Subordinated debt | 537,000 | - | 537,000 | 538,000 |
| Total interest expense | 18,306,000 | - | 18,472,000 | 18,953,000 |
| Net interest income | 46,788,000 | 44,805,000 | 43,360,000 | 42,139,000 |
| Provision for credit losses on loans | 416,000 | 516,000 | 274,000 | 757,500 |
| Netinterestincomeafterprovision for credit losses on loans | 46,372,000 | 44,289,000 | 43,086,000 | 41,381,500 |
| Service charges and fees on deposit accounts | 898,000 | 929,000 | 892,000 | 881,000 |
| Fhlb and frb stock dividends | 587,000 | 584,000 | 590,000 | - |
| Increase in cash surrender value of life insurance | 564,000 | 548,000 | 538,000 | 523,000 |
| Servicing income | 77,000 | 61,000 | 82,000 | 83,500 |
| Gain on sales of sba loans | 0 | 87,000 | 98,000 | 151,500 |
| Termination fees | 0 | 227,000 | 87,000 | 15,500 |
| Gain on proceeds from company-owned life insurance | 0 | 0 | - | 0 |
| Other | 1,091,000 | 541,000 | 409,000 | 461,500 |
| Total noninterest income | 3,217,000 | 2,977,000 | 2,696,000 | 2,116,000 |
| Salaries and employee benefits | 16,948,000 | 16,227,000 | 16,575,000 | 16,242,500 |
| Occupancy and equipment | 2,528,000 | 2,525,000 | 2,534,000 | 2,469,000 |
| Professional fees | 1,175,000 | 1,819,000 | 1,580,000 | 1,519,000 |
| Other | 8,375,000 | 17,764,000 | 8,767,000 | 8,689,500 |
| Total noninterest expense | 29,026,000 | 38,335,000 | 29,456,000 | 28,920,000 |
| Income before income taxes | 20,563,000 | 8,931,000 | 16,326,000 | 14,577,500 |
| Income tax expense | 5,865,000 | 2,542,000 | 4,700,000 | 4,184,000 |
| Net income | 14,698,000 | 6,389,000 | 11,626,000 | 10,393,500 |
| Basic (in dollars per share) | 0.24 | 0.1 | 0.19 | 0.17 |
| Diluted (in dollars per share) | 0.24 | 0.1 | 0.19 | 0.17 |
| Shares used in computing diluted earnings per common share | 61,616,785 | 61,624,600 | 61,708,361 | -30,728,436.5 |
| Weighted average common shares outstanding for basic earnings per common share (in shares) | 61,333,951 | 61,508,180 | 61,479,579 | - |
HERITAGE COMMERCE CORP (HTBK)
HERITAGE COMMERCE CORP (HTBK)