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Dec 31, 2022
Heritage Commerce Q4 2022 Earnings Report
Heritage Commerce Corp achieved record net income for the fourth quarter of 2022
Key Takeaways
Heritage Commerce Corp's Q4 2022 net income increased 49% to $20.8 million, or $0.34 per average diluted common share, compared to $14.0 million, or $0.23 per average diluted common share, for the fourth quarter of 2021.
Record net income for the fourth quarter and the year ended December 31, 2022.
Net interest income increased 23% year-over-year.
Return on average tangible common equity of 18.89%.
Efficiency ratio improved to 44.98%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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