Heritage Commerce Corp (HTBK)

In the past six months, Heritage Commerce Corp. reported Q3 2025 earnings per share (EPS) of $0.24, exceeding expectations, and quarterly revenue was $50.01 million. The company reported Q2 2025 financial results, with an EPS of $0.21, beating estimates, noting positive trends in loan growth and an expansion in its net interest margin, though deposits declined due to seasonal outflows. The company announced Q1 2025 financial results, reporting a net income of $11.6 million and an EPS of $0.19. The company declared a regular quarterly cash dividend of $0.13 per share on October 23, 2025, which was paid on November 20, 2025, to stockholders of record on November 6, 2025, and another quarterly cash dividend of $0.13 per share was declared on July 24, 2025. Analysts have generally maintained a positive outlook, with an average rating of "Strong Buy" and a 12-month stock price target of $11.88. The stock reached a new 52-week high of $11.08 during mid-day trading on November 26, 2025. On November 18, 2025, Executive Vice President and COO Thomas A. Sa reported acquiring shares of common stock as a stock dividend and through the conversion of restricted stock units. On May 22, 2025, Heritage Commerce Corp. announced the appointment of Julianne Biagini-Komas as Chair of the Board of Directors.

Heritage Commerce Corp. experiences some demand seasonality, particularly concerning deposits. The company's CEO noted that balance sheet trends in the first quarter of 2025 reflected seasonally low loan demand and deposit outflows, and in the second quarter of 2025, deposits declined due to seasonal outflows. Despite these seasonal fluctuations, the company reported positive trends in loan growth and an expansion in its net interest margin during the second quarter of 2025.

Heritage Commerce Corp. (HTBK) is a bank holding company for Heritage Bank of Commerce, founded in 1997, with Heritage Bank of Commerce established in 1994. It provides banking and financial services, operating as a Regional Bank. The company offers deposit accounts, commercial loans, SBA loans, HELOCs, multifamily and residential mortgage loans, and consumer loans. It also provides treasury management, wealth management, financial advice, relationship management, and business development and consulting services. The company also has a Factoring segment, which focuses on factoring originated by Bay View Funding, a subsidiary of Heritage Bank of Commerce, providing working capital financing to various industries.

Heritage Commerce Corp. primarily operates in Northern California, specifically in the San Francisco Bay Area. It has 17 full-service branch offices in Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara counties, including Silicon Valley. The company's principal executive office is located in San Jose, California.

Heritage Commerce Corp. has a positive brand reputation and was ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks with assets between $3 billion and $10 billion in April 2024. This recognition highlights the bank's commitment to excellence, sound financial management, and dedication to serving its community, with a focus on prudent risk management and sustainable growth. The company emphasizes building strong relationships with clients and offering personalized service.

Institutional investors own approximately 79% of Heritage Commerce Corp.'s stock. Major institutional holders include BlackRock, Inc., The Vanguard Group, Inc., State Street Global Advisors, Inc., Dimensional Fund Advisors Lp, JPMorgan Chase & Co., Wellington Management Group Llp, Boston Partners, Holdco Asset Management, Lp, Geode Capital Management, Llc, and The Manufacturers Life Insurance Company. Creative Planning also increased its stake in Heritage Commerce by 38.5% in Q2 2025, holding 173,005 shares valued at approximately $1.72 million.