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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,131457165316266422220
Cash and cash equivalents1,131457165316266422220
Total current assets:1,131457165316266422220
Noncurrent Assets
Operating lease, right-of-use asset36 
Property, plant and equipment10877787
Intangible assets, net (including goodwill)1841889651535416
Goodwill1681678446464613
Intangible assets, net (excluding goodwill)1720126793
Total noncurrent assets:23119610359606224
Other undisclosed assets3,2723,4562,8292,4692,2451,8781,373
TOTAL ASSETS:4,6344,1093,0972,8432,5712,3621,617
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 0   3 
Total current liabilities: 0   3 
Noncurrent Liabilities
Other undisclosed liabilities4,0563,5322,7292,5722,3112,1131,433
Total liabilities:4,0563,5332,7292,5722,3112,1161,433
Stockholders' equity
Stockholders' equity attributable to parent, including:578577367271260245184
Preferred stock     20 
Common stock494490301218215193134
Accumulated other comprehensive loss(11)(10)(12)(9)(8)(6)(2)
Retained earnings95977962533933
Other undisclosed stockholders' equity attributable to parent      20
Total stockholders' equity:578577367271260245184
TOTAL LIABILITIES AND EQUITY:4,6344,1093,0972,8432,5712,3621,617

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1501431301111008363
Net investment income150143130107947959
Cost of revenue(13)(1)(7)(0)(1)(0) 
Provision for loan, lease, and other losses(13)(1)(7)
Financial services costs(0)(1)(0) 
Gross profit:137142122111998363
Operating expenses(13)(17)(19)(50)(47)(48)(39)
Other operating income, net
(Noninterest Income, Other Operating Income)
3233221
Operating income:12712710764543726
Nonoperating income2112223
Investment income, nonoperating      1
Bank owned life insurance income2112222
Interest and debt expense(9)(11)(8)(5)(3)(2)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(71)(61)(51)(10)(9)(9)(5)
Income from continuing operations before income taxes:49564950442721
Income tax expense(14)(16)(13)(26)(17)(10)(8)
Net income attributable to parent:35403524271613
Preferred stock dividends and other adjustments    (2)  
Other undisclosed net loss available to common stockholders, basic     (2)(1)
Net income available to common stockholders, diluted:35403524261512

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:35403524271613
Comprehensive income:35403524271613
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)3(3)(0)(2)(4)2
Comprehensive income, net of tax, attributable to parent:34433224261216

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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