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Dec 31, 2024
Heritage Commerce Q4 2024 Earnings Report
Heritage Commerce Corp's earnings were driven by deposit and loan growth.
Key Takeaways
Heritage Commerce Corp reported a net income of $10.6 million for Q4 2024, or $0.17 per average diluted common share. Deposit balances grew 2% over the prior quarter and 10% year-over-year, and loan growth also increased during the quarter.
Net income was $10.6 million, or $0.17 per average diluted common share.
Deposit balances grew 2% over the prior quarter and 10% year-over-year.
Loan growth increased 2% from the prior quarter and 4% year-over-year.
Net interest margin expanded to 3.34%.
Heritage Commerce
Heritage Commerce
Forward Guidance
This document does not contain forward guidance.