Earnings Summary

Heritage Commerce Corp’s revenue fell -67.8% since last year same period to $13.99Mn in the Q2 2023. On a quarterly growth basis, Heritage Commerce Corp has generated 0% jump in its revenue since last 3-months.

Heritage Commerce Corp’s net profit fell -82.09% since last year same period to $2.65Mn in the Q2 2023. On a quarterly growth basis, Heritage Commerce Corp has generated 0% jump in its net profits since last 3-months.

Heritage Commerce Corp’s net profit margin fell -44.39% since last year same period to 18.97% in the Q2 2023. On a quarterly growth basis, Heritage Commerce Corp has generated 0% jump in its net profit margins since last 3-months.

Heritage Commerce Corp’s earning per share (EPS) estimates for the current quarter stand at 0.34 - a 17.24% jump from last quarter’s estimates.

Heritage Commerce Corp’s earning per share (EPS) estimates for the current year stand at 0.34.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Heritage Commerce Corp’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Heritage Commerce Corp’s return on equity (ROE) stands at 0.12.

Heritage Commerce Corp declared 0.13 dividend per share during the earnings announcement for Q1 2023.