Heritage Comm Corp Stock Price, News & Analysis

Heritage Commerce Corp (NASDAQ: HTBK) reported its Q2 2025 financial results with adjusted net income of $13.0 million, or $0.21 per share, up from $11.6 million in Q1 2025. The company's reported net income was $6.4 million after including a $9.2 million pre-tax charge primarily related to a legal settlement.

Key Q2 2025 metrics include: total revenue of $47.8 million (up 15% year-over-year), net interest margin of 3.54%, and loans held-for-investment of $3.5 billion (up 5% year-over-year). Total deposits were $4.6 billion, representing a 4% increase from the previous year.

The bank maintained strong credit quality with nonperforming assets to total assets ratio at 0.11% and demonstrated solid capital levels with a common equity tier 1 ratio of 13.3%.

Heritage Commerce Corp (NASDAQ: HTBK) has appointed Seth Fonti as Executive Vice President and Chief Financial Officer of both the company and Heritage Bank of Commerce, effective July 24, 2025. Fonti brings over 20 years of financial and strategic leadership experience, most recently serving as Managing Director and Head of Strategy, Corporate Development, and Strategic Finance at MUFG Americas.

During his tenure at MUFG Americas, Fonti was recognized as a top 0.1% manager and led transformative initiatives across strategy, financial planning, and risk management. His prior experience includes roles as a financial institutions investment banker with Macquarie Capital, Fox-Pitt Kelton, and JP Morgan. Fonti holds an M.B.A. in Finance from Georgetown University and a B.A. from Rollins College.

Heritage Commerce Corp (NASDAQ: HTBK) announced key leadership changes to its Board of Directors. Julianne Biagini-Komas has been appointed as Chair of the Board, succeeding Jack W. Conner who will transition to Chair Emeritus through October 2025. Biagini-Komas, a Certified Public Accountant, has served as Vice Chair since October 2024 and has been a director since 2014. Additionally, Laura Roden is retiring from the Board following the Company's Annual Meeting of Shareholders. Heritage Commerce Corp, established in 1997, is the parent company of Heritage Bank of Commerce, a premier community business bank headquartered in San Jose, CA, with full-service branches across various California locations.

Heritage Commerce Corp (NASDAQ: HTBK) announced that Kroll Bond Rating Agency (KBRA) has affirmed its credit ratings. The company received a BBB+ senior unsecured debt rating, BBB subordinated debt rating, and K2 short-term debt rating. Its subsidiary, Heritage Bank of Commerce, received A- deposit and senior unsecured debt ratings, BBB+ subordinated debt rating, and K2 short-term deposit and debt ratings.

KBRA maintained a stable outlook for both entities' long-term ratings. The agency highlighted Heritage's disciplined approach to liquidity and capital management, along with solid credit quality position due to prudent underwriting and monitoring practices.

Heritage Commerce Corp (HTBK) has declared its regular quarterly cash dividend of $0.13 per share to common stockholders. The dividend will be paid on May 22, 2025, to shareholders of record as of May 8, 2025.

The company has maintained a consistent track record of quarterly dividend payments since 2013. Heritage Commerce Corp, established in 1997, operates through its subsidiary Heritage Bank of Commerce, which was founded in 1994 and is headquartered in San Jose, CA. The bank maintains full-service branches across multiple California locations and serves as an SBA Preferred Lender. Its subsidiary, Bay View Funding, provides working capital factoring financing services nationwide.

Heritage Commerce Corp (HTBK) reported solid Q1 2025 financial results with net income of $11.6 million, or $0.19 per share, representing a 9% increase from the previous quarter and 14% year-over-year growth. The company's performance was driven by improved net interest margin of 3.39%, strong expense control, and enhanced asset quality.

Key financial metrics include:

• Total revenue of $46.1 million
• Pre-Provision Net Revenue of $16.6 million
• Efficiency ratio improved to 63.96%
• Total assets of $5.5 billion
• Loans held-for-investment remained stable at $3.5 billion
• Total deposits decreased 3% to $4.7 billion

The company maintained strong capital ratios with a common equity tier 1 capital ratio of 13.6% and total capital ratio of 15.9%. Despite seasonal deposit outflows, Heritage Commerce Corp expects continued positive trends in net interest margin, loan and deposit growth, and expense management through 2025.

Heritage Commerce Corp (NASDAQ: HTBK) has appointed Janisha Sabnani as Executive Vice President and General Counsel of both the company and Heritage Bank of Commerce. Reporting directly to CEO Clay Jones, Sabnani will oversee all legal and regulatory matters, bringing over fifteen years of experience in financial services and private practice.

Sabnani's previous role was at First Republic Bank as Senior Vice President, Deputy General Counsel & Assistant Secretary. She also worked as a corporate attorney at Skadden, Arps, Slate, Meagher & Flom, LLP. Her expertise includes public company reporting, capital markets activities, corporate governance, bank products, mergers and acquisitions, bank investments, and regulatory compliance.

She holds a J.D. from NYU School of Law, an M.B.A. from NYU Stern School of Business, and a B.A. from UC Berkeley in Political Science and Mass Communications.

Heritage Commerce Corp (Nasdaq: HTBK) has declared its regular quarterly cash dividend of $0.13 per share to common stockholders. The dividend will be paid on February 20, 2025, to shareholders of record as of February 6, 2025. The company has maintained a consistent quarterly dividend distribution since 2013.

Heritage Commerce Corp, established in 1997, operates through its subsidiary Heritage Bank of Commerce, which was founded in 1994 and is headquartered in San Jose, CA. The bank maintains full-service branches across multiple California locations and serves as an SBA Preferred Lender. Its subsidiary, Bay View Funding, provides working capital factoring financing to various industries throughout the United States.

Heritage Commerce Corp (HTBK) reported Q4 2024 net income of $10.6 million ($0.17 per diluted share), compared to $10.5 million in Q3 2024 and $13.3 million in Q4 2023. Full-year 2024 net income was $40.5 million ($0.66 per share), down from $64.4 million ($1.05 per share) in 2023.

The company demonstrated strong performance with deposit growth of 2% quarter-over-quarter and 10% year-over-year. Loan balances increased by 2% from the previous quarter and 4% year-over-year. The net interest margin expanded to 3.34% in Q4 2024 from 3.17% in Q3 2024, primarily due to reduced cost of funds. Net interest income increased 11% to $44.2 million in Q4 2024 compared to Q3 2024.

Credit quality remained strong with low nonperforming assets and net charge-offs at year-end 2024.