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 (NASDAQ: HTBK) is a California bank holding company and parent of Heritage Bank of Commerce, a community business bank headquartered in San Jose, California. The company’s news flow centers on commercial banking activities, financial performance, capital management, and corporate governance developments, reflecting its role in the commercial banking and factoring markets.
Regular earnings announcements are a key component of Heritage Commerce Corp news. The company issues quarterly press releases detailing unaudited financial results, including net income, earnings per share, pre-provision net revenue, fully tax equivalent net interest margin, efficiency ratio, loan and deposit trends, and asset quality metrics. These updates often discuss loan growth, deposit changes, noninterest income and expense, and capital ratios, as well as non-GAAP measures such as adjusted net income and adjusted PPNR.
Investors following HTBK news will also see frequent updates on dividends and share repurchases. The Board of Directors has declared regular quarterly cash dividends, with recent releases describing a $0.13 per share dividend and noting a record of paying a cash dividend each quarter since 2013. SEC filings and press releases also cover the company’s share repurchase program, including authorizations, increases in the maximum total value of shares authorized for repurchase, and remaining capacity under the program.
Heritage Commerce Corp’s news includes leadership and governance changes, such as appointments to the Board of Directors, changes in Board chair roles, executive appointments in finance and accounting positions, and planned retirements of senior officers. These developments are reported through press releases and corresponding Form 8-K filings.
A significant recent news theme is the proposed merger with CVB Financial Corp. In December 2025, the company announced a definitive merger agreement under which Heritage Commerce Corp will merge with and into CVB Financial Corp, and Heritage Bank of Commerce will merge with Citizens Business Bank, subject to specified conditions. Related communications include forward-looking statements and references to forthcoming SEC registration and proxy materials.
This news page aggregates these types of updates for HTBK, allowing readers to review financial results, capital actions, governance changes, credit ratings commentary, and transaction announcements in one place.
Heritage Commerce Corp (Nasdaq: HTBK) declared a quarterly cash dividend of $0.13 per share, payable on February 24, 2022, to shareholders of record by February 10, 2022. This decision reflects the company’s commitment to enhancing shareholder value, as noted by CEO Walter Kaczmarek. Heritage Commerce, established in 1997, operates Heritage Bank of Commerce, which is headquartered in San Jose, CA, offering full-service banking across multiple locations in California.
Heritage Commerce Corp (Nasdaq: HTBK) reported a net income of $14.0 million for Q4 2021, a 20% increase from $11.6 million in Q4 2020, and $47.7 million for the full year, up 35% year-over-year. Total assets grew to $5.5 billion, with an 18% increase in loans and a 22% rise in deposits. The efficiency ratio improved to 54.32%. Nonperforming assets dropped 52% year-over-year. The company maintained solid credit metrics, with an allowance for credit losses on loans at 1.40%. Despite challenges from COVID-19, the outlook remains positive for 2022.
Heritage Commerce Corp (Nasdaq: HTBK) has announced the appointment of Robertson (Clay) Jones as President and Chief Operating Officer of Heritage Bank of Commerce, effective immediately. Walter T. Kaczmarek remains the Chief Executive Officer of the Bank. Jones brings over 30 years of experience in community and commercial banking, having previously served as Executive Vice President at the Bank. He is recognized for his leadership during challenging times and has held significant roles at Presidio Bank and New Resource Bank. Heritage Bank has numerous branches across California.
Heritage Commerce Corp (Nasdaq: HTBK) announced the appointment of Kamran Husain to its Board of Directors, expanding the Board to twelve members. Husain brings over 25 years of financial services experience, including prior roles at SVB Financial Group and PwC. He will also serve on both the Audit and Personnel and Compensation Committees. Chairman Jack Conner expressed confidence in Husain's expertise, emphasizing its value for the company's growth objectives.
Heritage Bank of Commerce, a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), has announced the appointment of David Casassa as Senior Vice President and Relationship Manager. Casassa, with over 20 years in commercial banking, will focus on expanding the bank's loan and deposit services in the North Bay region. Previously a top performer at a competitor bank, his expertise is expected to enhance the bank's local presence. This strategic move underscores the bank's commitment to growth in the San Francisco Bay Area.
Heritage Commerce Corp (Nasdaq: HTBK) has declared a quarterly cash dividend of $0.13 per share. This dividend will be payable on November 23, 2021, to shareholders of record as of November 9, 2021. The company emphasized its commitment to shareholder returns through consistent profitability, earnings growth, and reliable dividends, as stated by President and CEO Walter Kaczmarek. Established in 1997, Heritage Commerce Corp is the parent company of Heritage Bank of Commerce, a prominent SBA Preferred Lender in California.
Heritage Commerce Corp (HTBK) reported strong financial performance for Q3 2021, with net income of $13.7 million ($0.23 per diluted share), up from $11.2 million in Q3 2020. Year-to-date net income increased to $33.7 million from $23.7 million. The company achieved a 21% rise in total deposits, reaching $4.73 billion, bolstered by significant loan growth in commercial and industrial sectors. Nonperforming assets dropped 54% year-over-year, and the allowance for credit losses was robust at 1.54% of total loans. Despite temporary deposits impacting totals, the company is well-positioned for future growth.
Bay View Funding, a subsidiary of Heritage Bank of Commerce, has appointed Morgan Hansen as vice president and regional sales manager, based in Atlanta, Georgia. Hansen brings over a decade of experience and will focus on enhancing the company's factoring business in the Southeast. Bay View's factoring services, which can reach up to $20 million, support companies in need of flexible working capital for growth. The appointment aims to meet increasing demand in the Atlanta area, bolstered by the expertise Hansen adds to the existing team.
Heritage Bank of Commerce (Nasdaq: HTBK) announced the appointment of Maria DeBenedetti as Senior Vice President and Relationship Manager, focusing on commercial lending in the Oak Valley region, which includes Pleasanton, Livermore, and Fremont. DeBenedetti brings 35 years of experience in various sectors such as industrial and retail, and has a strong background in working capital lines and nonprofit lending. Her addition aims to enhance customer service and strengthen client relationships, aligning with the bank's commitment to client success.
Heritage Commerce Corp (Nasdaq: HTBK) has declared a quarterly cash dividend of $0.13 per share for its common stockholders. This dividend is set to be payable on August 26, 2021, to shareholders recorded as of August 12, 2021. The bank, headquartered in San Jose, CA, operates multiple full-service branches and is recognized as an SBA Preferred Lender, reinforcing its commitment to providing essential financial services across various industries.
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