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) reported third quarter 2020 net income of $11.2 million, translating to $0.19 per diluted share, a decrease from $11.3 million or $0.26 per share year-over-year. For the nine months ended September 30, 2020, net income was $23.7 million compared to $34.8 million in 2019. Loan quality remained stable with a 1.68% allowance for credit losses. Noninterest income rose by 25% due to gains from SBA loans. The capital position is robust, with a total risk-based capital ratio of 16.0%.
Heritage Commerce Corp (Nasdaq: HTBK) has successfully relocated its corporate headquarters, San Jose branch office, and Bay View Funding to a new facility at 224 Airport Parkway, San Jose, CA. The new headquarters spans nearly 55,000 square feet and will accommodate around 190 employees post-pandemic. CEO Keith A. Wilton emphasized the consolidation of operations to enhance support for customers and community partners. The bank remains dedicated to serving the Greater Bay Area community effectively from this central location.
Heritage Commerce Corp (Nasdaq: HTBK) has announced a regular quarterly cash dividend of $0.13 per share, payable on August 20, 2020. Shareholders of record as of August 6, 2020 will receive this dividend, demonstrating the company's commitment to returning value to its investors. Heritage Commerce Corp is the parent company of Heritage Bank of Commerce, which has a strong presence in California with multiple full-service branches and is recognized as an SBA Preferred Lender.
Heritage Commerce Corp (Nasdaq: HTBK) reported a second quarter 2020 net income of $10.6 million ($0.18 per share), down from $11.4 million ($0.26) in Q2 2019. Year-to-date net income was $12.5 million, significantly lower than $23.5 million in 2019. Loan growth was 5% sequentially, attributed to $324.6 million in SBA PPP loans, while total deposits surged by 16%. Nonperforming assets declined 25% to $9.1 million. Despite challenges from COVID-19, the bank maintains a strong capital and liquidity position.
Heritage Commerce Corp (NASDAQ: HTBK) announced that Kroll Bond Rating Agency affirmed its debt ratings, maintaining a BBB+ rating for senior unsecured debt and a stable outlook. The Bank’s ratings include an A- for deposits and BBB+ for subordinated debt. KBRA cited the Bank's robust core deposit franchise, strong liquidity position, and consistent credit quality as key factors supporting the ratings. CEO Keith A. Wilton emphasized the importance of their conservative underwriting practices amid the economic challenges due to the coronavirus pandemic.
Heritage Commerce Corp (Nasdaq: HTBK) announced on May 11, 2020, that it received the prestigious 2019 Raymond James Community Bankers Cup award, recognizing it as one of the top 10% of community banks based on profitability, operational efficiency, and balance sheet metrics. This accolade marks the third recognition in four years for Heritage Commerce Corp. Ranked 10th among 26 community banks evaluated, it places the company in the top 5% of its peers. The award reflects superior performance in various financial metrics, highlighting the bank's robust operational strategy and commitment to community service.