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Heritage Commerce (HTBK)

Heritage Commerce (HTBK)
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Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. The company offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration), inventory and accounts receivable, and equipment loans. The company also accepts checking, savings, and time deposits; NOW and money market deposit accounts; and provides travelers' checks, safe deposit, and other customary non-deposit banking services.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 251,450 243,300 198,940 162,940 160,390
Sales Growth +3.35% +22.30% +22.09% +1.59% +4.90%
Net Income 40,530 64,440 66,560 47,700 35,300
Net Income Growth -37.10% -3.19% +39.54% +35.13% -12.75%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 5,645,010 5,194,100 5,157,580 5,499,410 4,634,110
Total Assets Growth +8.68% +0.71% -6.22% +18.67% +12.77%
Total Liabilities 4,955,280 4,521,190 4,525,120 4,901,380 4,056,230
Total Liabilities Growth +9.60% -0.09% -7.68% +20.84% +14.82%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 38,970 73,010 69,850 56,850 58,090
Operating Cash Flow Growth -46.62% +4.52% +22.87% -2.13% +15.40%
Net Cash Flow 559,990 101,530 -999,610 175,140 673,700
Change in Net Cash Flow +451.55% +110.16% -670.75% -74.00% +130.09%
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