Heritage Commerce Corp Earns $10.2 Million for the First Quarter of 2024 and Grows Client Deposits by 2%
Heritage Commerce Corp (HTBK)
Last heritage commerce corp earnings: 4/23 05:35 pm
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heritagecommercecorp.com
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Source: GlobeNewswire
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its first quarter 2024 net income was $10.2 million, or $0.17 per average diluted common share, compared to $18.9 million, or $0.31 per average diluted common share, for the first quarter of 2023, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. All data are unaudited. “Our first quarter 2024 earnings were solid, highlighted by total client deposits increasing over $66 million from the prior quarter and the loan portfolio increasing over $74 million, year-over-year,” said Clay Jones, President and Chief Executive Officer. “First quarter earnings typically reflect increased seasonal expenses such as payroll taxes and other employee benefits, and this first quarter was no exception. While we benefit from higher yields on assets, we continue to see
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News
- Heritage Bank of Commerce Hires Chris Edmonds-Waters as Chief People and Culture Officer [Yahoo! Finance]Yahoo! Finance
- Heritage Bank of Commerce Hires Chris Edmonds-Waters as Chief People and Culture OfficerGlobeNewswire
- Four Days Left To Buy Heritage Commerce Corp (NASDAQ:HTBK) Before The Ex-Dividend Date [Yahoo! Finance]Yahoo! Finance
- Heritage Commerce's (NASDAQ:HTBK) Dividend Will Be $0.13 [Yahoo! Finance]Yahoo! Finance
- Heritage Commerce Corp (NASDAQ: HTBK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
HTBK
Earnings
- 4/25/24 - Miss
HTBK
Sec Filings
- 5/6/24 - Form 8-K
- 5/3/24 - Form 4
- 4/26/24 - Form 8-K
- HTBK's page on the SEC website