HTBK
Income statement / Annual
Last year (2024), Heritage Commerce Corp's total revenue was $251.45 M,
an increase of 3.35% from the previous year.
In 2024, Heritage Commerce Corp's net income was $40.53 M.
See Heritage Commerce Corp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$251.45 M |
$243.30 M |
$198.94 M |
$162.94 M |
$160.39 M |
$152.90 M |
$139.42 M |
$116.52 M |
$106.06 M |
$87.73 M |
| Cost of Revenue |
$81.19 M
|
$51.82 M
|
$9.71 M
|
$4.00 M
|
$21.81 M
|
$11.69 M
|
$15.24 M
|
$5.49 M
|
$4.45 M
|
$2.45 M
|
| Gross Profit |
$170.26 M
|
$191.47 M
|
$189.23 M
|
$158.95 M
|
$138.58 M
|
$141.21 M
|
$124.18 M
|
$111.04 M
|
$101.61 M
|
$85.27 M
|
| Gross Profit Ratio |
0.68
|
0.79
|
0.95
|
0.98
|
0.86
|
0.92
|
0.89
|
0.95
|
0.96
|
0.97
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$70.68 M
|
$63.13 M
|
$60.29 M
|
$55.13 M
|
$53.21 M
|
$52.62 M
|
$45.65 M
|
$37.25 M
|
$34.66 M
|
$37.37 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$70.68 M
|
$63.13 M
|
$60.29 M
|
$55.13 M
|
$53.21 M
|
$52.62 M
|
$45.65 M
|
$37.25 M
|
$34.66 M
|
$37.37 M
|
| Other Expenses |
$42.91 M
|
$37.93 M
|
$34.57 M
|
$37.95 M
|
$36.30 M
|
$32.28 M
|
$29.87 M
|
$23.49 M
|
$22.98 M
|
$21.31 M
|
| Operating Expenses |
$113.58 M
|
$101.05 M
|
$94.86 M
|
$93.08 M
|
$89.51 M
|
$84.90 M
|
$75.52 M
|
$60.74 M
|
$57.64 M
|
$58.67 M
|
| Cost And Expenses |
$194.77 M
|
$152.88 M
|
$104.57 M
|
$97.07 M
|
$111.33 M
|
$96.59 M
|
$90.76 M
|
$66.22 M
|
$62.09 M
|
$61.13 M
|
| Interest Income |
$242.70 M
|
$234.30 M
|
$188.83 M
|
$153.26 M
|
$150.47 M
|
$142.66 M
|
$129.85 M
|
$106.91 M
|
$94.43 M
|
$78.74 M
|
| Interest Expense |
$79.05 M
|
$51.07 M
|
$8.95 M
|
$7.13 M
|
$8.58 M
|
$10.85 M
|
$7.82 M
|
$5.39 M
|
$3.21 M
|
$2.42 M
|
| Depreciation & Amortization |
$3.53 M
|
$3.52 M
|
$3.76 M
|
$4.07 M
|
$4.70 M
|
$3.59 M
|
$2.70 M
|
$2.15 M
|
$2.33 M
|
$1.73 M
|
| EBITDA |
$60.20 M |
$93.94 M |
$98.12 M |
$69.94 M |
$53.77 M |
$59.90 M |
$51.35 M |
$52.45 M |
$46.30 M |
$28.33 M |
| EBITDA Ratio |
0.24
|
0.39
|
0.49
|
0.43
|
0.34
|
0.39
|
0.37
|
0.45
|
0.44
|
0.32
|
| Operating Income Ratio |
0.23
|
0.37
|
0.47
|
0.4
|
0.31
|
0.37
|
0.35
|
0.43
|
0.41
|
0.3
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$56.67 M
|
$90.42 M
|
$94.37 M
|
$65.87 M
|
$49.07 M
|
$56.31 M
|
$48.66 M
|
$50.30 M
|
$43.97 M
|
$26.60 M
|
| Income Before Tax Ratio |
0.23
|
0.37
|
0.47
|
0.4
|
0.31
|
0.37
|
0.35
|
0.43
|
0.41
|
0.3
|
| Income Tax Expense |
$16.15 M
|
$25.98 M
|
$27.81 M
|
$18.17 M
|
$13.77 M
|
$15.85 M
|
$13.32 M
|
$26.47 M
|
$16.59 M
|
$10.10 M
|
| Net Income |
$40.53 M
|
$64.44 M
|
$66.56 M
|
$47.70 M
|
$35.30 M
|
$40.46 M
|
$35.33 M
|
$23.83 M
|
$27.38 M
|
$16.50 M
|
| Net Income Ratio |
0.16
|
0.26
|
0.33
|
0.29
|
0.22
|
0.26
|
0.25
|
0.2
|
0.26
|
0.19
|
| EPS |
0.66 |
1.06 |
1.1 |
0.79 |
0.59 |
0.87 |
0.85 |
0.63 |
0.72 |
0.48 |
| EPS Diluted |
0.66 |
1.05 |
1.09 |
0.79 |
0.59 |
0.84 |
0.84 |
0.62 |
0.72 |
0.48 |
| Weighted Average Shares Out |
$61.27 M
|
$61.04 M
|
$60.60 M
|
$60.13 M
|
$59.48 M
|
$46.68 M
|
$41.47 M
|
$38.10 M
|
$33.93 M
|
$28.57 M
|
| Weighted Average Shares Out Diluted |
$61.53 M
|
$61.31 M
|
$61.09 M
|
$60.69 M
|
$60.17 M
|
$47.91 M
|
$42.18 M
|
$38.61 M
|
$34.22 M
|
$28.79 M
|
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