Heritage Bank of Commerce: Heritage Commerce Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

In This Article: Heritage Commerce ( NASDAQ:HTBK ) Full Year 2024 Results Key Financial Results Revenue: US$170.3m (down 11% from FY 2023). Net income: US$40.5m (down 37% from FY 2023). Profit margin: 24% (down from 34% in FY 2023). The decrease in margin was primarily driven by lower revenue. EPS: US$0.66 (down from US$1.06 in FY 2023). HTBK Banking Performance Indicators Net interest margin (NIM): 3.28% (down from 3.70% in FY 2023). Cost-to-income ratio: 65.9% (up from 52.6% in FY 2023). Non-performing loans: 0.22% (down from 0.23% in FY 2023). NasdaqGS:HTBK Earnings and Revenue Growth March 11th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Heritage Commerce Revenues Beat Expectations Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) was mostly in line with analyst estimates. Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are down 8.0% from a week ago. Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Heritage Commerce's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. NasdaqGS:HTBK Earnings and Revenue Growth March 11th 2025