KBRA Affirms Ratings for Heritage Commerce Corp
Heritage Commerce Corp (HTBK)
Last heritage commerce corp earnings: 4/23 05:35 pm
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US:NASDAQ Investor Relations:
heritagecommercecorp.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for San Jose, California-based Heritage Commerce Corp (NASDAQ: HTBK) ("Heritage" or "the company"). In addition, KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for its subsidiary, Heritage Bank of Commerce. The Outlook for all long-term ratings is Stable.Key Credit ConsiderationsThe ratings are supported by HTBK’s conservative approach to liquidity and capital management, which has been displayed for a long period of time, with a loan-to-core deposit ratio averaging just below 75% and a CET1 ratio that has averaged 13% over the last five years (13.4% as of 1Q24). The discipline within those respective categories has left the company well positioned entering a more uncertain credit and liquidity environment within the banki
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News
- KBRA Affirms Ratings for Heritage Commerce Corp [Yahoo! Finance]Yahoo! Finance
- KBRA Affirms Ratings for Heritage Commerce CorpGlobeNewswire
- Heritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers Cup [Yahoo! Finance]Yahoo! Finance
- Heritage Commerce Corp Awarded the Twelfth Annual Raymond James Community Bankers CupGlobeNewswire
- Heritage Bank of Commerce Named One of Forbes 2024 World's Best Banks [Yahoo! Finance]Yahoo! Finance
HTBK
Earnings
- 4/25/24 - Miss
HTBK
Sec Filings
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 4
- 5/6/24 - Form 4
- HTBK's page on the SEC website