Heritage Commerce Corp (HTBK) financial statements (2021 and earlier)

Company profile

Business Address 150 ALMADEN BOULEVARD
SAN JOSE, CA 95113
State of Incorp. CA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments457165316266422220 
Cash and cash equivalents457165316266422220 
Total current assets:457165316266422220 
Noncurrent Assets
Property, plant and equipment8777877
Intangible assets, net (including goodwill)18896515354162
Goodwill1678446464613 
Intangible assets, net (excluding goodwill)201267932
Total noncurrent assets:196103596062249
Other undisclosed assets3,4562,8292,4692,2451,8781,3731,483
TOTAL ASSETS:4,1093,0972,8432,5712,3621,6171,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt0   3  
Total current liabilities:0   3  
Noncurrent Liabilities
Other undisclosed liabilities3,5322,7292,5722,3112,1131,4331,318
Total liabilities:3,5332,7292,5722,3112,1161,4331,318
Stockholders' equity
Stockholders' equity attributable to parent, including:577367271260245184173
Preferred stock    20  
Common stock490301218215193134133
Accumulated other comprehensive loss(10)(12)(9)(8)(6)(2)(4)
Retained earnings97796253393325
Other undisclosed stockholders' equity attributable to parent     2020
Total stockholders' equity:577367271260245184173
TOTAL LIABILITIES AND EQUITY:4,1093,0972,8432,5712,3621,6171,492

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1431301111008363 
Net investment income143130107947959 
Cost of revenue(1)(7)(0)(1)(0)  
Provision for loan, lease, and other losses(1)(7)
Financial services costs(0)(1)(0)  
Gross profit:142122111998363 
Operating expenses(17)(19)(50)(47)(48)(39)(28)
Other operating income, net
(Noninterest Income, Other Operating Income)
2332211
Operating income (loss):12710764543726(26)
Nonoperating income1122232
Investment income, nonoperating     1 
Bank owned life insurance income1122222
Interest and debt expense(11)(8)(5)(3)(2)(2)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(61)(51)(10)(9)(9)(5)43
Income from continuing operations before income taxes:56495044272116
Income tax expense(16)(13)(26)(17)(10)(8)(5)
Net income attributable to parent:40352427161312
Preferred stock dividends and other adjustments   (2)  (0)
Other undisclosed net loss available to common stockholders, basic    (2)(1) 
Net income available to common stockholders, diluted:40352426151211

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:40352427161312
Comprehensive income:40352427161312
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(3)(0)(2)(4)2(7)
Comprehensive income, net of tax, attributable to parent:4332242612165

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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