heritage commerce corp (HTBK) Key Developments
Heritage Commerce Corp. Declares Quarterly Cash Dividend, Payable on August 27, 2014
Jul 24 14
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 and Heritage Bank of Commerce Announces Resignation of Dan Kawamoto as Chief Administrative Officer, Effective July 24, 2014
Jun 26 14
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.
Heritage Commerce Corp. Presents at D.A. Davidson 16th Annual Financial Services Conference, May-13-2014 01:50 PM
May 4 14
Heritage Commerce Corp. Presents at D.A. Davidson 16th Annual Financial Services Conference, May-13-2014 01:50 PM. Venue: Embassy Suites Denver, Downtown/Convention Center, Denver, CO 80202, United States. Speakers: 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. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter of 2014
Apr 24 14
Heritage Commerce Corp. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported interest income of $13,855,000 against $12,867,000 a year ago. Income before income taxes was $4,627,000 against $3,035,000 a year ago. Net income available to common shareholders was $2,852,000 or $0.10 per basic and diluted share against $2,180,000 or $0.07 per basic and diluted share a year ago. Book value per share as on March 31, 2014 was $5.96 against $5.75 a year ago. Tangible book value per share as on March 31, 2014 was $5.91 against $5.67 a year ago. Annualized return on average equity was 7.10% against 5.20% a year ago. Annualized return on average tangible equity was 7.16% against 5.26% a year ago. Annualized return on average assets was 0.86% against 0.89% a year ago. Annualized return on average tangible assets was 0.86% against 0.61% a year ago. Net interest income increased 10% to $13.3 million compared to $12.2 million for the first quarter of 2013 driven primarily by loan growth and increases in core deposits.
The company also announced impairment charges for the first quarter of 2014. For the period, net charge-offs totaled $337,000 compared to net charge-offs of $166,000 for the fourth quarter of 2013.
Heritage Commerce Corp. Declares Quarterly Common and Preferred Stock Dividend Payable on May 28, 2014
Apr 24 14
The Board of Directors of Heritage Commerce Corp. announced a $0.04 per share quarterly cash dividend to holders of common stock and Series C preferred stock. The dividend will be paid on May 28, 2014, to shareholders of record May 7, 2014.