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Heritage Commerce Corp. - HTBK STOCK NEWS

Welcome to our dedicated news page for Heritage Commerce (Ticker: HTBK), a resource for investors and traders seeking the latest updates and insights on Heritage Commerce.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Heritage Commerce's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Heritage Commerce's position in the market.

News
Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30ᵗʰ Anniversary
Rhea-AI Summary
Heritage Commerce Corp declared a regular quarterly cash dividend of $0.13 per share, celebrating Heritage Bank of Commerce's 30th anniversary. The dividend will be payable on May 23, 2024, to shareholders of record on May 9, 2024. The company has a strong history of paying dividends since 2013.
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Heritage Commerce Corp Earns $10.2 Million for the First Quarter of 2024 and Grows Client Deposits by 2%
Rhea-AI Summary
Heritage Commerce Corp reported a net income of $10.2 million for the first quarter of 2024, with growth in client deposits by 2%. The company's earnings were solid, with an increase in total client deposits and loan portfolio. Heritage Bank of Commerce was recognized on Forbes' List of World's Best Banks and ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks.
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Heritage Bank of Commerce Ranked 25th on S&P Global Market Intelligence List of Top 50 Best-Performing Community Banks
Rhea-AI Summary
Heritage Commerce Corp's subsidiary, Heritage Bank of Commerce, ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks, showcasing its commitment to excellence and strong financial management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30th Anniversary
Rhea-AI Summary
Heritage Commerce Corp (HTBK) declared a regular quarterly cash dividend of $0.13 per share to holders of its common stock, payable on February 22, 2024. The company has paid a cash dividend each quarter since 2013. The Bank is celebrating its 30th Anniversary in 2024 and is committed to ongoing growth and a positive impact in the community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
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dividends
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Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023
Rhea-AI Summary
Heritage Commerce Corp (HTBK) reported a net income of $13.3 million for Q4 2023, compared to $20.8 million for Q4 2022. For the year ended December 31, 2023, net income was $64.4 million, compared to $66.6 million for the year ended December 31, 2022. Despite challenges faced by many banks, the Company had a successful year with stable client deposits and 9% growth in year-over-year tangible book value. The fourth quarter showed solid performance, contributing to the second-best year in net income, surpassed only by the record profits of 2022. The company increased its credit line availability and had a strong balance sheet with robust capital, ample liquidity, and a diversified loan portfolio. However, total deposits were relatively flat at $4.38 billion at December 31, 2023, compared to $4.39 billion at December 31, 2022. The average cost of total deposits increased to 1.43% for the fourth quarter of 2023, compared to 1.29% for the third quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share
Rhea-AI Summary
Heritage Commerce Corp announces regular quarterly cash dividend of $0.13 per share to holders of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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dividends
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Heritage Commerce Corp Earns $15.8 Million for the Third Quarter of 2023, and $51.1 Million for the First Nine Months of 2023; Supported by Continued Deposit Growth and Strong Credit Quality
Rhea-AI Summary
Heritage Commerce Corp announces Q3 2023 net income of $15.8 million, a decrease from the previous year. However, net income for the nine months ended September 30, 2023, increased by 12% to $51.1 million compared to the same period in 2022. The company attributes the decrease in Q3 profits to increased deposit costs and net interest margin contraction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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Heritage Bank of Commerce Promotes Kimberly Bohn to Homeowners Association Specialty Banking Division President
Rhea-AI Summary
Heritage Bank of Commerce promotes Kimberly Bohn to HOA Specialty Banking Division President and announces retirement of EVP Teresa Powell.
Rhea-AI Impact
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-0.87%
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Suzanne Crocker Joins Heritage Bank of Commerce as Senior Vice President, Marketing and Communications
Rhea-AI Summary
Heritage Bank of Commerce appoints Suzanne Crocker as Senior VP of Marketing and Communications
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-0.57%
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Heritage Bank of Commerce Hires Susan Just as Chief Credit Officer
Rhea-AI Summary
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0.31%
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management
Stock HTBK logo
Heritage Commerce Corp.

Nasdaq:HTBK

HTBK Rankings

#2968 Ranked by Market Cap
#4426 Ranked by Stock Gains
#458 Ranked by Dividends

HTBK Stock Data

484.52M
55.38M
3.98%
77.27%
1.18%
Commercial Banking
Finance and Insurance
Link
United States
San Jose

About HTBK

heritage commerce corp is a venture capital company located in 150 almaden blvd, san jose, california, united states.