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) 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.
Heritage Commerce Corp (HTBK) reported second quarter 2021 net income of $8.8 million ($0.15 per diluted share), down from $10.6 million ($0.18) a year prior. Year-to-date net income reached $20 million ($0.33), up from $12.5 million ($0.21). The company set aside $4 million for a legal settlement. Core loans rose $65.6 million (3%) year-over-year, with total loans increasing by $138.4 million (5%). Total deposits surged by $444.2 million (11%). Nonperforming assets declined to $6.2 million (32% decrease). The bank continues to manage strong credit quality and a diversified loan portfolio amidst economic recovery.
Heritage Bank of Commerce, a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), is expanding its Specialty Finance Group, which includes Bay View Funding's factoring business and the Bank's Asset-Based Lending and SBA lending teams. This expansion aims to serve a diverse clientele requiring alternative loan products, particularly as the economy improves post-pandemic. The Specialty Finance Group is poised to support emerging growth companies with flexible financing solutions, including revolving credit and term loans, along with SBA financing that offers longer terms and lower down payments.
Heritage Commerce Corp (Nasdaq: HTBK) announced a quarterly cash dividend of $0.13 per share, payable on May 27, 2021, to shareholders of record by May 13, 2021. The Board expressed confidence in issuing this dividend despite pandemic challenges, viewing it as vital for enhancing shareholder value. Established in 1997, Heritage Commerce is the parent company of Heritage Bank of Commerce, which operates full-service branches across California and serves as an SBA Preferred Lender.
Heritage Commerce Corp (HTBK) reported first quarter 2021 net income of $11.2 million ($0.19/share), a significant rise from $1.9 million in Q1 2020. The bank recaptured $1.5 million in credit loss provisions, improving profitability amid ongoing COVID-19 challenges. Deposits surged by 27% year-over-year, reaching over $900 million. Nonperforming assets dropped 54% to $5.6 million. The company’s total assets surpassed $5 billion, reflecting 23% growth from the previous year. Key metrics, like return on assets, improved notably, indicating robust operational strength.
Heritage Commerce Corp (Nasdaq: HTBK) announced the retirement of Keith Wilton as President and CEO on March 12, 2021. He also stepped down from the Board of Directors. The Chairman, Jack Conner, expressed gratitude for Wilton's service. Walter Kaczmarek has been appointed as the interim President and CEO. Kaczmarek previously held these positions from 2005 until 2019 and has been a board member since 2005. Heritage Commerce Corp, established in 1997, is the parent company of Heritage Bank of Commerce, which serves multiple locations in California and is an SBA Preferred Lender.
Heritage Bank of Commerce, a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), announced the hiring of Phil Fortino as Vice President and Market Manager for Hollister. With 11 years in commercial banking and 31 years of business ownership experience in the area, Fortino will enhance the Bank's business development and commercial banking efforts. His strong community ties and experience address local business challenges, positioning him as a valuable asset for both the Bank and the Hollister business community.
Heritage Commerce Corp (Nasdaq: HTBK) has declared a quarterly cash dividend of $0.13 per share for common stockholders. This dividend will be payable on February 26, 2021, to shareholders recorded by the close of business on February 12, 2021. As a bank holding company, Heritage Commerce Corp operates through its subsidiary, Heritage Bank of Commerce, which has full-service branches across various locations in California. The bank is known for its role as an SBA Preferred Lender.
Heritage Commerce Corp (Nasdaq: HTBK) reported a fourth quarter 2020 net income of $11.6 million ($0.19 per diluted share), up from $5.7 million ($0.10) in Q4 2019. For the full year, net income fell to $35.3 million ($0.59) compared to $40.5 million ($0.84) in 2019. The net interest income for Q4 2020 decreased 13% year-over-year to $34.2 million, attributed to lower prime rates. However, credit quality improved with nonperforming assets down 20% year-over-year. The company maintained a strong liquidity position with $1.13 billion in cash and equivalents.
Heritage Commerce Corp (Nasdaq: HTBK) has declared a quarterly cash dividend of $0.13 per share for common stockholders. This dividend will be payable on November 20, 2020, to shareholders who are on record by the close of business on November 6, 2020. The company, established in 1997, is the parent of Heritage Bank of Commerce, which operates multiple full-service branches across California and serves as an SBA Preferred Lender.