Last $8.32 USD
Change Today 0.00 / 0.00%
Volume 7.7K
HTBK On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Key Developments

Heritage Commerce Corp. Announces the Resignation of Celeste Ford as A Board of Director Effective August 1, 2014

On July 24, 2014, the Board of Directors of Heritage Commerce Corp. accepted Celeste Ford’s resignation from the Board of Directors to be effective August 1, 2014.

Heritage Commerce Corp. Declares Quarterly Cash Dividend, Payable on August 27, 2014

Heritage Commerce Corp. announced that its Board of Directors increased the quarterly cash dividend 25% to $0.05 per share, from $0.04 per share, to holders of common stock and Series C Preferred Stock (on an as converted basis). The dividend will be payable on August 27, 2014, to shareholders of record on August 7, 2014.

Heritage Commerce Corp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Heritage Commerce Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income before provision for loan losses was $13,685,000 against $12,153,000 a year ago. Net interest income after provision for loan losses was $13,883,000 against $12,423,000 a year ago. Income before income taxes was $4,996,000 against $3,949,000 a year ago. Net income available to common shareholders was $3,100,000 or $0.10 per diluted share against $2,793,000 or $0.09 per diluted share a year ago. Book value per share as at the end of the period was $6.14. Tangible book value per share as at the end of the period was $6.09. Annualized return on average equity was 7.45% against 6.53% a year ago. Annualized return on average tangible equity was 7.51% against 6.60% a year ago. Annualized return on average assets was 0.91% against 0.82% a year ago. Annualized return on average tangible assets was 0.91% against 0.82% a year ago. For the six months, net interest income before provision for loan losses was $27,019,000 against $24,306,000 a year ago. Net interest income after provision for loan losses was $27,227,000 against $24,576,000 a year ago. Income before income taxes was $9,623,000 against $6,984,000 a year ago. Net income available to common shareholders was $5,952,000 or $0.20 per diluted share against $4,973,000 or $0.16 per diluted share a year ago. Annualized return on average equity was 7.28% against 5.88% a year ago. Annualized return on average tangible equity was 7.33% against 5.94% a year ago. Annualized return on average assets was 0.88% against 0.71% a year ago. Annualized return on average tangible assets was 0.88% against 0.71% a year ago.

Heritage Commerce Corp. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 08:00 AM

Heritage Commerce Corp. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 08:00 AM. Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: Keith A. Wilton, Chief Operating Officer and Executive Vice President, Lawrence D. McGovern, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Walter T. Kaczmarek, Chief Executive Officer, President, Director, Member of Finance & Investment Committee, Member of Strategic Issues Committee, Chief Executive Officer for Heritage Bank of Commerce, President for Heritage Bank of Commerce and Director for Heritage Bank of Commerce.

Heritage Commerce Corp and Heritage Bank of Commerce Announces Resignation of Dan Kawamoto as Chief Administrative Officer, Effective July 24, 2014

Heritage Commerce Corp. announced that Dan Kawamoto, Chief Administrative Officer, will be leaving the company and its bank subsidiary, Heritage Bank of Commerce effective July 24, 2014.

 

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Price/Earnings 20.6x
Price/Sales 3.6x
Price/Book 1.4x
Price/Cash Flow 16.9x
TEV/Sales 2.5x
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