Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023 [Yahoo! Finance]
Heritage Commerce Corp (HTBK)
Last heritage commerce corp earnings: 4/23 05:35 pm
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Source: Yahoo! Finance
of Commerce (the “Bank”), today announced that its fourth quarter 2023 net income was $13.3 million, or $0.22 per average diluted common share, compared to $20.8 million, or $0.34 per average diluted common share, for the fourth quarter of 2022, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the year ended December 31, 2023, net income was $64.4 million, or $1.05 per average diluted common share, compared to $66.6 million, or $1.09 per average diluted common share, for the year ended December 31, 2022. All results are unaudited. "In 2023, despite challenges faced by many banks, the Company had a successful year with stable client deposits and 9% growth in year-over-year tangible book value. The fourth quarter showed solid performance, contributing to our second-best year in net income, surpassed only by the record profits of 2022," said Clay Jones, President and Chief Executive Officer. "Our loan growth resulted in an increase of 2%
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News
- 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
- Heritage Commerce Corp Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Heritage Commerce Corp (NASDAQ: HTBK) had its price target lowered by analysts at Piper Sandler from $11.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
HTBK
Earnings
- 4/25/24 - Miss
HTBK
Sec Filings
- 4/26/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- HTBK's page on the SEC website