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

Company profile

Business Address 224 AIRPORT PARKWAY
SAN JOSE, CA 95110
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,131960926443457416276
Cash and cash equivalents1,131960926443457416276
Total current assets:1,131960926443457416276
Noncurrent Assets
Operating lease, right-of-use asset36373738 7 
Property, plant and equipment1010109877
Intangible assets, net (including goodwill)1841851861871889495
Goodwill1681681681671678484
Intangible assets, net (excluding goodwill)17181920201011
Total noncurrent assets:231233233234196108102
Other undisclosed assets3,2723,4143,4563,4013,4562,6592,730
TOTAL ASSETS:4,6344,6074,6144,0784,1093,1823,108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    0  
Total current liabilities:    0  
Noncurrent Liabilities
Other undisclosed liabilities4,0564,0294,0403,5073,5322,7872,720
Total liabilities:4,0564,0294,0403,5073,5332,7872,720
Stockholders' equity
Stockholders' equity attributable to parent578578575571577395388
Common stock494493492491490303302
Accumulated other comprehensive loss(11)(6)(5)(5)(10)(6)(6)
Retained earnings95918885979892
Total stockholders' equity:578578575571577395388
TOTAL LIABILITIES AND EQUITY:4,6344,6074,6144,0784,1093,1823,108

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues
(Net Investment Income)
36363741423333
Cost of revenue1(0)(1)(13)(1)  
Provision for loan, lease, and other losses1(0)(1)(13)   
Gross profit:37363628423333
Operating expenses(4)(4)(3)(3)(6)(4)(4)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111111
Operating income:34333425373030
Nonoperating income0001000
Gains on sales of other real estate   1   
Bank owned life insurance income0000000
Interest and debt expense(2)(2)(2)(2)(3)(3)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(17)(16)(17)(21)(26)(12)(12)
Income from continuing operations before income taxes:161515381616
Income tax expense(4)(4)(4)(1)(2)(5)(5)
Net income available to common stockholders, diluted:121111261111

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:121111261111
Comprehensive income:121111261111
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)(1)(0)5(4)13
Comprehensive income, net of tax, attributable to parent:71010721214

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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