Welcome to our dedicated page for Heritage Comm news (Ticker: HTBK), a resource for investors and traders seeking the latest updates and insights on Heritage Comm stock.
Heritage Commerce Corp (HTBK) provides comprehensive financial services through its banking and factoring divisions, serving businesses across California's innovation economy. This news hub offers investors and stakeholders centralized access to official corporate communications and market-moving developments.
Track HTBK's strategic initiatives through verified press releases covering earnings results, leadership updates, and regulatory filings. Our curated collection simplifies monitoring of critical business activities including loan portfolio growth, credit management practices, and SBA lending programs.
The repository features essential updates across HTBK's operational segments: commercial banking services through Heritage Bank of Commerce and specialized factoring solutions from Bay View Funding. Stay informed about deposit growth metrics, risk management strategies, and community banking initiatives that drive the company's regional impact.
Bookmark this page for direct access to Heritage Commerce Corp's latest financial disclosures and operational milestones. Regular updates ensure timely awareness of developments affecting the company's position in commercial banking and working capital financing sectors.
Heritage Commerce Corp (Nasdaq: HTBK) has announced a regular quarterly cash dividend of $0.13 per share, payable on February 23, 2023, to shareholders of record by the close of business on February 9, 2023. Established in 1997, Heritage Commerce Corp is the holding company for Heritage Bank of Commerce, which operates full-service branches across California. The bank is recognized as an SBA Preferred Lender, with a subsidiary, Bay View Funding, providing essential financing services nationwide.
Heritage Commerce Corp (Nasdaq: HTBK) reported a robust fourth quarter of 2022, with net income rising 49% to $20.8 million, or $0.34 per diluted share. This marked an increase from $14.0 million year-over-year and a 15% rise from Q3 2022. For the full year, net income reached $66.6 million, up 40% from 2021. Key metrics include a return on average tangible common equity of 18.89% and a net interest margin of 4.10%. Despite a 6% decline in total deposits, the company maintained strong credit metrics, with nonperforming assets decreasing. Total loans increased 7% to $3.299 billion year-over-year, driven by solid loan growth.
Heritage Commerce Corp (Nasdaq: HTBK) declared a quarterly cash dividend of $0.13 per share, payable on November 22, 2022, to shareholders of record by the close of business on November 8, 2022. The CEO, Clay Jones, emphasized that this dividend reflects the company's appreciation for its loyal shareholders. Established in 1997, Heritage Commerce Corp operates Heritage Bank of Commerce, with full-service branches across California, and is recognized as an SBA Preferred Lender.
Heritage Commerce Corp (HTBK) reported a robust third quarter 2022 with a net income of $18.1 million, or $0.30 per diluted share, marking a 32% increase from the same period last year. Year-to-date, net income reached $45.8 million, up 36% year-over-year. Key drivers include a 26% growth in net interest income, boosted by a rising net interest margin of 3.73%. Total deposits rose by $69.6 million from the previous quarter. Credit quality remains strong with a decline in nonperforming assets. However, noninterest expenses increased due to one-time costs related to executive retirement.
Heritage Commerce Corp (HTBK) has declared a quarterly cash dividend of $0.13 per share for its common stockholders. This dividend will be payable on August 25, 2022, to shareholders on record as of August 11, 2022. The company emphasizes its continued commitment to delivering shareholder returns, supported by strong earnings and a solid capital position as stated by President and CEO Walter Kaczmarek.
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