Last $8.09 USD
Change Today -0.06 / -0.74%
Volume 15.1K
HTBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

heritage commerce corp (HTBK) Key Developments

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.

Heritage Commerce Corp. Presents at D.A. Davidson 16th Annual Financial Services Conference, May-13-2014 01:50 PM

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

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

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.

Michael Hansen Joins Heritage Bank of Commerce to Lead Corporate Finance Division

Heritage Commerce Corp. announced that Michael Hansen has joined the Bank as Senior Vice President and will head the Corporate Finance Division of Heritage Bank of Commerce. Hansen comes to Heritage Bank of Commerce from Avidbank of Palo Alto, California, where as Executive Vice President he established their corporate finance group to provide asset based lending products to companies throughout the United States. Prior to Avidbank, Hansen was Senior Vice President at Greater Bay Business Funding, a division of Greater Bay Bank, where he was responsible for all business development at the national level.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HTBK:US $8.09 USD -0.06

HTBK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CU Bancorp $18.76 USD -0.47
Heritage Oaks Bancorp $7.38 USD -0.13
Pacific Continental Corp $13.61 USD -0.20
Pacific Premier Bancorp Inc $14.04 USD -0.15
Sierra Bancorp $15.66 USD +0.09
View Industry Companies
 

Industry Analysis

HTBK

Industry Average

Valuation HTBK Industry Range
Price/Earnings 21.0x
Price/Sales 3.6x
Price/Book 1.4x
Price/Cash Flow 17.3x
TEV/Sales 1.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERITAGE COMMERCE CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.