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Stock impact report

KBRA Affirms Ratings for Heritage Commerce Corp

Heritage Commerce Corp (HTBK) 
Last heritage commerce corp earnings: 4/23 05:35 pm Check Earnings Report
US:NASDAQ Investor Relations: heritagecommercecorp.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), announced today that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Company’s senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2. KBRA also affirmed 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 the Bank. They graded the outlook of the long-term ratings for both the Company and the Bank as stable on May 10, 2024. In affirming its ratings, KBRA noted that the Bank’s deposit base has performed admirably since early 2023, which demonstrates the resilience and strength of its client relationships. "I am pleased to see that KBRA's latest ratings report highlights our disciplined and conservative approach to liquidity and capital management, as it leaves us well-posit Show less Read more
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