Heritage Commerce Corp (HTBK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3061,131457165316266422
Cash and cash equivalents1,3061,131457165316266422
Total current assets:1,3061,131457165316266422
Noncurrent Assets
Operating lease, right-of-use asset3536 
Property, plant and equipment101087778
Intangible assets, net (including goodwill)18118418896515354
Goodwill16816816784464646
Intangible assets, net (excluding goodwill)14172012679
Total noncurrent assets:226231196103596062
Other undisclosed assets3,9673,2723,4562,8292,4692,2451,878
TOTAL ASSETS:5,4994,6344,1093,0972,8432,5712,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  0   3
Total current liabilities:  0   3
Noncurrent Liabilities
Other undisclosed liabilities4,9014,0563,5322,7292,5722,3112,113
Total liabilities:4,9014,0563,5332,7292,5722,3112,116
Stockholders' equity
Stockholders' equity attributable to parent598578577367271260245
Preferred stock      20
Common stock498494490301218215193
Accumulated other comprehensive loss(11)(11)(10)(12)(9)(8)(6)
Retained earnings111959779625339
Total stockholders' equity:598578577367271260245
TOTAL LIABILITIES AND EQUITY:5,4994,6344,1093,0972,8432,5712,362

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues15315014313011110083
Net investment income1531501431301079479
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:1531371421221119983
Operating expenses(15)(13)(17)(19)(50)(47)(48)
Other operating income, net
(Noninterest Income, Other Operating Income)
2323322
Operating income:140127127107645437
Nonoperating income
(Bank Owned Life Insurance Income)
2211222
Interest and debt expense(7)(9)(11)(8)(5)(3)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes (71)(61)(51)(10)(9)(9)
Income from continuing operations before equity method investments, income taxes:135495649504427
Other undisclosed loss from continuing operations before income taxes(69)      
Income from continuing operations before income taxes:66495649504427
Income tax expense(18)(14)(16)(13)(26)(17)(10)
Net income attributable to parent:48354035242716
Preferred stock dividends and other adjustments     (2) 
Other undisclosed net loss available to common stockholders, basic      (2)
Net income available to common stockholders, diluted:48354035242615

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:48354035242716
Comprehensive income:48354035242716
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(1)3(3)(0)(2)(4)
Comprehensive income, net of tax, attributable to parent:47344332242612

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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