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About the company
Heritage Commerce Corp is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (the Bank). The Bank offers a full range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. Its lending activities are diversified and include commercial, real estate, construction and land development, consumer and small business administration (SBA) guaranteed loans. The Bank offers a wide range of deposit products for business banking and retail markets. It offers a multitude of other products and services to complement its lending and deposit services. In addition, through its subsidiary, CSNK Working Capital Finance Corp, it provides factoring financing throughout the United States. The Company’s operations are located in the general San Francisco Bay Area of California in the counties of Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara.
- Revenue in USD (TTM)234.30m
- Net income in USD64.44m
- Incorporated1997
- Employees349.00
- LocationHeritage Commerce Corp224 Airport ParkwaySAN JOSE 95110United StatesUSA
- Phone+1 (408) 947-6900
- Websitehttps://www.heritagecommercecorp.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Five Star Bancorp | 174.38m | 47.73m | 452.45m | 180.00 | 7.87 | 1.32 | 9.17 | 3.82 | 2.78 | 2.78 | 6.89 | 16.56 | -- | -- | -- | -- | 1.40 | -- | -- | -- | -- | -- | 40.32 | -- | -- | -- | -- | -- | 47.88 | -- | 6.55 | -- | -- | -- |
| Hometrust Bancshares Inc | -100.00bn | -100.00bn | 455.13m | 541.00 | -- | 0.8869 | -- | -- | -- | -- | -- | 29.42 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Farmers National Banc Corp | 217.16m | 54.10m | 456.56m | 666.00 | 8.40 | 1.15 | 9.46 | 2.64 | 1.45 | 1.45 | 4.62 | 10.57 | -- | -- | -- | -- | 1.06 | 1.38 | -- | -- | -- | -- | 31.33 | 32.94 | -- | -- | -- | 35.39 | 50.14 | 18.38 | -17.60 | 8.92 | 53.86 | 17.78 |
| Capital City Bank Group, Inc. | 183.96m | 51.11m | 461.53m | 784.00 | 9.07 | 1.01 | 10.68 | 2.02 | 3.00 | 3.00 | 13.46 | 26.85 | -- | -- | -- | -- | 1.13 | 1.02 | -- | -- | -- | -- | 21.39 | 19.52 | -- | -- | -- | 28.75 | 37.27 | 12.74 | 56.40 | 18.23 | 37.04 | 18.89 |
| Metropolitan Bank Holding Corp | 404.48m | 68.12m | 462.90m | 275.00 | 6.78 | 0.6873 | 8.54 | 1.84 | 6.10 | 6.10 | 22.55 | 60.18 | -- | -- | -- | -- | 0.9939 | 1.04 | -- | -- | -- | -- | 27.15 | 28.47 | -- | -- | -- | 0.00 | 43.98 | 34.93 | 29.72 | 24.82 | 23.96 | -- |
| Hanmi Financial Corp | -100.00bn | -100.00bn | 473.22m | 609.00 | -- | 0.673 | -- | -- | -- | -- | -- | 23.22 | -- | -- | -- | -- | -- | 1.09 | -- | -- | -- | -- | -- | 29.83 | -- | -- | -- | 34.44 | 34.88 | 9.52 | -21.12 | 6.70 | -8.13 | 0.8198 |
| Macatawa Bank Corp | 113.81m | 43.22m | 492.40m | 287.00 | 11.37 | 1.72 | 11.31 | 4.65 | 1.26 | 1.26 | 3.09 | 8.35 | -- | -- | -- | -- | 1.53 | 1.31 | -- | -- | -- | -- | 40.82 | 38.04 | -- | -- | -- | 31.63 | 51.94 | 10.51 | 24.45 | 10.38 | -19.30 | 5.71 |
| Cambridge Bancorp | 223.01m | 28.56m | 497.55m | 407.00 | 17.44 | 0.9289 | -- | 3.21 | 3.64 | 3.64 | 19.76 | 68.27 | -- | -- | -- | -- | 0.5243 | 0.9434 | -- | -- | -- | -- | 18.41 | 24.91 | -- | -- | -- | 39.78 | 36.59 | 25.91 | -35.28 | 7.59 | 3.50 | 6.55 |
| Heritage Commerce Corp. | 234.30m | 64.44m | 501.05m | 349.00 | 7.79 | 0.7433 | 7.37 | 2.61 | 1.05 | 1.05 | 3.13 | 11.00 | -- | -- | -- | -- | 1.25 | 1.08 | -- | -- | -- | -- | 33.53 | 30.59 | -- | -- | -- | 58.28 | 24.08 | 12.53 | -3.17 | 12.77 | 54.96 | 3.40 |
| Equity BancShares Inc | 262.36m | 9.57m | 520.18m | 717.00 | 56.05 | 1.13 | 348.88 | 3.51 | 0.6002 | 0.6002 | 9.55 | 29.80 | -- | -- | -- | -- | 0.184 | 0.3031 | -- | -- | -- | -- | 6.46 | 8.33 | -- | -- | -- | 22.03 | 31.06 | 8.84 | -86.44 | -26.24 | 12.02 | -- |
| Horizon Bancorp Inc | 325.77m | 23.74m | 522.72m | 818.00 | 21.94 | 0.7248 | 28.90 | 2.81 | 0.5402 | 0.5402 | 4.25 | 16.35 | -- | -- | -- | -- | 0.3014 | 1.06 | -- | -- | -- | -- | 12.76 | 31.30 | -- | -- | -- | 35.78 | 32.31 | 13.45 | -70.04 | -12.03 | 17.76 | 10.60 |
| Farmers And Merchants Bank of Long Beach | 415.52m | 70.01m | 523.32m | -- | 7.68 | 0.3873 | -- | 1.87 | 553.73 | 553.73 | 2,210.96 | 10,974.87 | -- | -- | -- | -- | 0.5812 | 0.9075 | -- | -- | -- | -- | 25.05 | 31.20 | -- | -- | -- | 14.95 | 22.11 | 9.75 | -35.77 | -3.95 | -- | 3.13 |
| Midland States Bancorp Inc | -100.00bn | -100.00bn | 525.27m | 878.00 | -- | 0.653 | -- | -- | -- | -- | -- | 36.82 | -- | -- | -- | -- | -- | 0.9544 | -- | -- | -- | -- | -- | 23.34 | -- | -- | -- | 39.64 | 33.98 | 12.60 | -30.72 | 10.96 | 3.93 | 6.40 |
| Independent Bank Corp (Michigan) | 250.87m | 62.07m | 526.19m | 741.00 | 8.54 | 1.27 | 9.80 | 2.47 | 2.95 | 2.95 | 10.12 | 19.88 | -- | -- | -- | -- | 1.20 | 1.32 | -- | -- | -- | -- | 29.13 | 28.84 | -- | -- | -- | 31.34 | 41.81 | 12.88 | -6.76 | 8.20 | 9.30 | 8.92 |
| Coastal Financial Corp (EVERETT) | 330.37m | 44.58m | 551.44m | 507.00 | 12.60 | 1.86 | 11.76 | 1.24 | 3.27 | 3.27 | 32.69 | 22.17 | -- | -- | -- | -- | 1.29 | 1.27 | -- | -- | -- | -- | 10.00 | 14.55 | -- | -- | -- | -- | 71.92 | 53.52 | 9.73 | 35.66 | 40.30 | -- |
Data as of Apr 26 2024. Currency figures normalised to Heritage Commerce Corp's reporting currency: US Dollar USD
42.55%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Dec 2023 | 6.02m | 9.85% |
| FJ Capital Management LLCas of 04 Mar 2024 | 3.20m | 5.24% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 3.10m | 5.06% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 2.96m | 4.84% |
| T. Rowe Price Investment Management, Inc.as of 31 Dec 2023 | 2.94m | 4.81% |
| Boston Partners Global Investors, Inc.as of 31 Dec 2023 | 1.89m | 3.10% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 1.71m | 2.80% |
| Manulife Investment Management (US) LLCas of 31 Dec 2023 | 1.51m | 2.46% |
| JPMorgan Investment Management, Inc.as of 31 Dec 2023 | 1.35m | 2.21% |
| Geode Capital Management LLCas of 31 Dec 2023 | 1.35m | 2.20% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
