Heritage Comm Corp Financials
This page shows Heritage Comm Corp (HTBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Heritage Comm Corp's revenue declined 18% year-over-year, from $4.3M to $3.6M. This contraction results in a growth score of 0/100.
Heritage Comm Corp has elevated debt relative to equity (D/E of 7.18), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Heritage Comm Corp converts 1048.8% of revenue into free cash flow ($37.3M). This strong cash generation earns a score of 100/100.
Heritage Comm Corp generates a 5.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 9.6% the prior year.
Heritage Comm Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Heritage Comm Corp generates $0.96 in operating cash flow ($39.0M OCF vs $40.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Heritage Comm Corp generated $3.6M in revenue in fiscal year 2024. This represents a decrease of 18.0% from the prior year.
Heritage Comm Corp generated $37.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 47.6% from the prior year.
Heritage Comm Corp reported $40.5M in net income in fiscal year 2024. This represents a decrease of 37.1% from the prior year.
Heritage Comm Corp earned $0.66 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 37.1% from the prior year.
Heritage Comm Corp held $968.1M in cash against $0 in long-term debt as of fiscal year 2024.
Heritage Comm Corp paid $0.52 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Heritage Comm Corp had 61M shares outstanding in fiscal year 2024. This represents an increase of 0.4% from the prior year.
Heritage Comm Corp's net profit margin was 1138.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 346.4 percentage points from the prior year.
Heritage Comm Corp's ROE was 5.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.7 percentage points from the prior year.
Heritage Comm Corp invested $1.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.8% from the prior year.
HTBK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $898K-3.3% | $929K+4.1% | $892K+0.8% | $885K-2.5% | $908K+1.9% | $891K+1.6% | $877K+4.7% | $838K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $18.3M+0.5% | $18.2M-1.4% | $18.5M-9.7% | $20.4M-5.0% | $21.5M+9.7% | $19.6M+12.4% | $17.5M+5.2% | $16.6M |
| Income Tax | $5.9M+130.7% | $2.5M-45.9% | $4.7M+14.2% | $4.1M+4.4% | $3.9M+2.7% | $3.8M-9.8% | $4.3M-17.2% | $5.1M |
| Net Income | $14.7M+130.1% | $6.4M-45.0% | $11.6M+9.5% | $10.6M+1.1% | $10.5M+13.8% | $9.2M-9.2% | $10.2M-23.7% | $13.3M |
| EPS (Diluted) | $0.24+140.0% | $0.10-47.4% | $0.19+11.8% | $0.170.0% | $0.17+13.3% | $0.15-11.8% | $0.17-19.0% | $0.21 |
HTBK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6B+2.9% | $5.5B-0.9% | $5.5B-2.3% | $5.6B+1.7% | $5.6B+5.5% | $5.3B+0.1% | $5.3B+1.2% | $5.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $747.7M+3.6% | $721.8M-3.1% | $745.0M-23.0% | $968.1M+1.2% | $956.3M+47.5% | $648.3M+19.7% | $541.4M+32.6% | $408.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $167.6M0.0% | $167.6M0.0% | $167.6M0.0% | $167.6M0.0% | $167.6M0.0% | $167.6M0.0% | $167.6M0.0% | $167.6M |
| Total Liabilities | $4.9B+3.2% | $4.8B-0.9% | $4.8B-2.8% | $5.0B+1.8% | $4.9B+6.2% | $4.6B+0.1% | $4.6B+1.3% | $4.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $700.0M+0.8% | $694.7M-0.2% | $696.2M+0.9% | $689.7M+0.6% | $685.4M+0.9% | $679.2M+0.4% | $676.3M+0.5% | $672.9M |
| Retained Earnings | $196.5M+3.5% | $189.8M-0.8% | $191.4M+1.9% | $187.8M+1.4% | $185.1M+1.4% | $182.6M+0.7% | $181.3M+1.2% | $179.1M |
HTBK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.9M+135.7% | $8.0M-46.0% | $14.8M-6.2% | $15.8M+198.2% | $5.3M-49.5% | $10.5M+43.2% | $7.3M+260.2% | -$4.6M |
| Capital Expenditures | -$28K-112.3% | $227K+84.6% | $123K+16.0% | $106K-75.7% | $436K-33.2% | $653K+52.2% | $429K-1.8% | $437K |
| Free Cash Flow | $18.8M+387.0% | $3.9M-25.0% | $5.2M-67.2% | $15.7M+222.7% | $4.9M-50.6% | $9.9M+42.7% | $6.9M+237.7% | -$5.0M |
| Investing Cash Flow | -$132.2M-482.6% | $34.6M+136.7% | -$94.1M-8.5% | -$86.7M-436.8% | $25.8M-75.3% | $104.4M+55.2% | $67.3M+339.2% | -$28.1M |
| Financing Cash Flow | $139.3M+311.6% | -$65.8M+54.2% | -$143.8M-273.8% | $82.7M-70.1% | $277.0M+3579.3% | -$8.0M-113.6% | $58.6M+128.6% | -$204.7M |
| Dividends Paid | $8.0M-0.4% | $8.0M+0.1% | $8.0M+0.2% | $8.0M0.0% | $8.0M0.0% | $8.0M+0.2% | $8.0M+0.1% | $7.9M |
| Share Buybacks | $2.1M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
HTBK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 1636.8%+949.0pp | 687.7%-615.6pp | 1303.4%+103.3pp | 1200.1%+42.9pp | 1157.2%+120.8pp | 1036.4%-122.8pp | 1159.2%-431.3pp | 1590.5% |
| Return on Equity | 2.1%+1.2pp | 0.9%-0.8pp | 1.7%+0.1pp | 1.5%+0.0pp | 1.5%+0.2pp | 1.4%-0.1pp | 1.5%-0.5pp | 2.0% |
| Return on Assets | 0.3%+0.1pp | 0.1%-0.1pp | 0.2%+0.0pp | 0.2%0.0pp | 0.2%+0.0pp | 0.2%-0.0pp | 0.2%-0.1pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 7.03+0.2 | 6.87-0.1 | 6.92-0.3 | 7.18+0.1 | 7.10+0.4 | 6.75-0.0 | 6.77+0.1 | 6.72 |
| FCF Margin | 2097.9%+2070.6pp | 27.3%-10.0pp | 37.2%-1738.3pp | 1775.5%+1239.2pp | 536.2%-569.9pp | 1106.2%+318.4pp | 787.8%+1386.6pp | -598.8% |
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Frequently Asked Questions
What is Heritage Comm Corp's annual revenue?
Heritage Comm Corp (HTBK) reported $3.6M in total revenue for fiscal year 2024. This represents a -18.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Heritage Comm Corp's revenue growing?
Heritage Comm Corp (HTBK) revenue declined by 18% year-over-year, from $4.3M to $3.6M in fiscal year 2024.
Is Heritage Comm Corp profitable?
Yes, Heritage Comm Corp (HTBK) reported a net income of $40.5M in fiscal year 2024, with a net profit margin of 1138.1%.
What is Heritage Comm Corp's earnings per share (EPS)?
Heritage Comm Corp (HTBK) reported diluted earnings per share of $0.66 for fiscal year 2024. This represents a -37.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Heritage Comm Corp's net profit margin?
Heritage Comm Corp (HTBK) had a net profit margin of 1138.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Heritage Comm Corp pay dividends?
Yes, Heritage Comm Corp (HTBK) paid $0.52 per share in dividends during fiscal year 2024.
What is Heritage Comm Corp's return on equity (ROE)?
Heritage Comm Corp (HTBK) has a return on equity of 5.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Heritage Comm Corp's free cash flow?
Heritage Comm Corp (HTBK) generated $37.3M in free cash flow during fiscal year 2024. This represents a -47.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Heritage Comm Corp's operating cash flow?
Heritage Comm Corp (HTBK) generated $39.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Heritage Comm Corp's total assets?
Heritage Comm Corp (HTBK) had $5.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Heritage Comm Corp's capital expenditures?
Heritage Comm Corp (HTBK) invested $1.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Heritage Comm Corp have outstanding?
Heritage Comm Corp (HTBK) had 61M shares outstanding as of fiscal year 2024.
What is Heritage Comm Corp's debt-to-equity ratio?
Heritage Comm Corp (HTBK) had a debt-to-equity ratio of 7.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Heritage Comm Corp's return on assets (ROA)?
Heritage Comm Corp (HTBK) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Heritage Comm Corp's Piotroski F-Score?
Heritage Comm Corp (HTBK) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Heritage Comm Corp's earnings high quality?
Heritage Comm Corp (HTBK) has an earnings quality ratio of 0.96x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Heritage Comm Corp?
Heritage Comm Corp (HTBK) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.