Heritage Commerce

Q4 2025 -3.81%Q3 2025 +0.28%Q2 2025 -3.13%Q1 2025 -0.54%Q4 2024 +3.81%Q3 2024 -2.06%Q2 2024 +4.10%Q1 2024 -4.31%Q4 2023 -4.96%Q3 2023 +3.38%Q2 2023 -1.93%Q1 2023 +12.73%Q4 2022 -4.94%Q3 2022 +8.37%Q2 2022 +1.12%Q1 2022 -1.23%Q4 2021 +1.22%Q3 2021 +4.17%Q2 2021 -1.35%Q1 2021 +2.77%Q4 2020 -3.52%Q3 2020 +8.38%Q2 2020 +4.33%Q1 2020 -0.26%Q4 2019 -3.95%Q3 2019 -2.06%Q2 2019 +0.65%Q1 2019 -5.07%Q4 2018 +6.48%Q3 2018 +6.42%Q2 2018 +1.42%Q1 2018 +0.60%Q4 2017 -1.11%Q3 2017 +4.17%Q2 2017 -1.50%Q1 2017 -3.25%Q4 2016 -0.14%Q3 2016 +1.85%Q2 2016 -1.50%Q1 2016 -1.42%Q4 2015 +2.40%Q3 2015 -6.65%Q2 2015 +1.48%Q1 2015 +0.67%Q4 2014 -0.46%Q3 2014 +0.48%Q2 2014 +0.63%Q1 2014 +0.86%Q4 2013 -2.79%Q3 2013 +0.51%Q2 2013 -0.69%Q1 2013 -1.35%Q4 2012 +2.03%Q3 2012 -1.66%Q2 2012 +1.80%Q1 2011 -2.70%Q1 2012 +4.98%Q4 2009 +2.84%Q4 2010 +2.84%Q4 2011 +2.84%Q3 2010 +8.00%Q3 2011 +8.00%Q2 2010 +3.25%Q2 2011 +3.25%Q1 2010 +1.00%

Apr 25, 2024

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Mar 31, 2024

Heritage Commerce Q1 2024 Earnings Report

Net income reached $10.2 million and client deposits grew by 2%.

Key Takeaways

Heritage Commerce Corp reported a net income of $10.2 million for Q1 2024, a decrease compared to $18.9 million in Q1 2023. Total client deposits increased by over $66 million from the previous quarter, and the loan portfolio increased by over $74 million year-over-year. The company's credit quality remains strong, supported by sound reserves for potential credit losses.

Diluted earnings per share were $0.17 for the first quarter of 2024.

Client deposits increased over $66 million from the prior quarter.

Loan portfolio increased over $74 million, year-over-year.

Total available liquidity and borrowing capacity was $3.00 billion at March 31, 2024.