Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. The company operates through nineteen full-service branch offices located in the general San Francisco Bay Area of California. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: heritagecommercecorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/11/2023 | $10.00 | Overweight → Equal-Weight | Stephens |
| 10/31/2022 | $13.00 → $15.00 | Strong Buy → Outperform | Raymond James |
| 12/28/2021 | $13.50 | Overweight | Stephens |
| 12/15/2021 | $13.50 | Neutral → Buy | DA Davidson |
SAN JOSE, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), ("Company"), the holding company for Heritage Bank of Commerce ("Bank"), today announced that Executive Vice President and Chief Financial Officer Lawrence D. McGovern is expected to depart the Company in February 2025. Thomas A. Sa, who currently serves as the Chief Operating Officer for the Company and the Bank, will assume the duties of Chief Financial Officer on an interim basis beginning November 18, 2024, while the Company and the Bank complete a search for Mr. McGovern's permanent replacement. Mr. McGovern will continue with the Company in a transitional role during this period, which is expec
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "We are committed to providing returns to our shareholders through consistent quarterly cash dividends," said Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank ho
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended S
SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Company"), parent company of Heritage Bank of Commerce ("Bank"), today announced the appointment of Thomas A. Sa as the Chief Operating Officer ("COO") of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer ("CEO") Robertson "Clay" Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in J
SAN JOSE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), the parent company of Heritage Bank of Commerce (the "Bank"), today announced the retirement of Ranson W. Webster from the Board of Directors, effective October 1, 2024. As one of the original founders, Webster joined the Board in 2004 and has served as Vice Chair of the Boards of Directors of the Company and the Bank. Director Julianne M. Biagini-Komas will assume the role of Vice Chair of both boards effective on the same date. "On behalf of management and the Board of Directors, I want to extend our deepest gratitude to Ranson for his many years of dedicated service. Throughout his
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company") the holding company of Heritage Bank of Commerce (the "Bank") today announced that its Board of Directors (the "Board") adopted a share repurchase program (the "Repurchase Program") under which the Company is authorized to repurchase up to $15 million of the Company's shares of its issued and outstanding common stock. "From time to time, we believe Heritage's shares are undervalued and repurchases represent a value-enhancing deployment of capital," said Clay Jones, President and Chief Executive Officer. "We are confident about the growth of our Company, and we believe that when our sha
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "The Board of Directors of Heritage Commerce Corp announced a $0.13 per share quarterly cash dividend to holders of its common stock, as a result of another profitable quarter," said Mr. Clay Jones,
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its second quarter 2024 net income was $9.2 million, or $0.15 per average diluted common share, compared to $10.2 million, or $0.17 per average diluted common share, for the first quarter of 2024, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the six months ended June 30, 2024, net income was $19.4 million, or $0.32 per average diluted common share, compared to $35.3 million, or $0.58 per average diluted common share, for the six months ended June 30
SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), announced today that Kroll Bond Rating Agency, LLC ("KBRA") affirmed the Company's senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2. KBRA also affirmed deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the Bank. They graded the outlook of the long-term ratings for both the Company and the Bank as stable on May 10, 2024. In affirming its ratings, KBRA noted that the Bank's depos
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States. Winners are recognized for demonstrating superior performance in various measurements of financial performance and stability. This marks the fifth time that the Company has earned this recognition. "We are honored once again to be recognized by Raymond James as one of the top performing community banks in the nation, a testimony to the solid foundation we have built to generate long term growth," stated Cl
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SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its third quarter 2024 net income was $10.5 million, or $0.17 per average diluted common share, compared to $9.2 million, or $0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $29.9 million, or $0.49 per average diluted common share, compared to $51.1 million, or $0.83 per average diluted common share, for the nine months ended S
SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Company"), parent company of Heritage Bank of Commerce ("Bank"), today announced the appointment of Thomas A. Sa as the Chief Operating Officer ("COO") of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer ("CEO") Robertson "Clay" Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in J
SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the "Bank"), a subsidiary of Heritage Commerce Corp (NASDAQ:HTBK), today announced the appointment of Chris Edmonds-Waters, as Executive Vice President, Chief People and Culture Officer, effective April 30, 2024. With over three decades of dedicated experience in Human Resources, Chris Edmonds-Waters brings an excellent track record of preparing the workforce for organizational growth, while optimizing the impact of a values-driven culture in attracting and retaining top talent. Throughout his career, Mr. Edmonds-Waters has demonstrated a remarkable ability to align human resources strategies with overarching
SAN JOSE, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the "Bank" or "HBC"), a subsidiary of Heritage Commerce Corp (NASDAQ:HTBK), today announced the appointment of Suzanne Crocker as Senior Vice President, Marketing and Communications. With more than 20 years of experience leading key marketing and communications efforts across the financial services industry, Ms. Crocker will be responsible for driving the Bank's strategic initiatives supporting and enhancing client experience. "We're excited to introduce Suzanne Crocker as our Senior Vice President of Marketing and Communications," stated Clay Jones, President and Chief Executive Officer. "With an extensive bac
SAN JOSE, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the "Bank"), a subsidiary of Heritage Commerce Corp (NASDAQ:HTBK), today announced the appointment of Susan Just as Executive Vice President and Chief Credit Officer, effective September 7, 2023. She will replace the current Executive Vice President and Chief Credit Officer, Margo Butsch, who recently announced her retirement. Ms. Butsch has agreed to assist in an orderly transition process. Ms. Just brings nearly 30 years of credit administration expertise and was most recently the Executive Vice President, Chief Credit Officer of Santa Cruz County Bank. Her expansive credit background includes underwrit
SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent of Heritage Bank of Commerce (the "Bank"), today announced that Margo Butsch will be retiring from her position as Executive Vice President and Chief Credit Officer, after eight years with the Bank. Margo's retirement caps a notable and successful career in banking. "On behalf of the Board of Directors and the management team, we express our sincerest gratitude to Margo for her loyal service with our Company," said Clay Jones, President and Chief Executive Officer. "Her leadership has been integral in enhancing our credit structure and maintaining our high standards for safety
SAN JOSE, Calif., July 12, 2022 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the "Bank"), a subsidiary of Heritage Commerce Corp (NASDAQ:HTBK), today announced the appointment of Jan Coonley, SPHR, as Executive Vice President, Chief People and Diversity Officer, effective immediately. With 20 years of experience in Human Resources ("HR") for the financial services industry, Ms. Coonley will be responsible for overseeing the HR organization and driving people initiatives to cultivate an inclusive culture that supports the Bank's mission to be the premier community business bank in the San Francisco Bay Area. She will focus on all aspects of HR including compensation and benefits manageme
SAN JOSE, Calif., March 15, 2022 (GLOBE NEWSWIRE) -- Bay View Funding, a subsidiary of Heritage Bank of Commerce, ("the Bank"), announces the appointment of Norman Brame as Senior Vice President, Regional Sales Manager. He will focus on originating new factoring business in Virginia, Tennessee, North and South Carolina, and surrounding Southeast markets. "Bay View's dedicated factoring business development team is growing to meet rising demand across the country, and we are pleased to welcome Norman as the latest addition to our group of seasoned professionals," said Glen Shu, President of Bay View Funding and President of Heritage Bank of Commerce's Specialty Lending Group. "He brings ex
SAN JOSE, Calif., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Bay View Funding, a subsidiary of Heritage Bank of Commerce, the Bank, and Heritage Commerce Corp (NASDAQ:HTBK), the holding company, today announced the appointment of Aaron Zahedani as Executive Vice President, Credit & Portfolio Management in San Jose, California, effective immediately. Zahedani returns to Bay View after spending over three years as Vice President, Underwriter with Wells Fargo Capital Finance. In his new role, Mr. Zahedani will focus on overseeing the global credit risk and portfolio management team for all of Bay View Funding's various portfolios. "We are excited to welcome Aaron back to Bay View. His extensive exper
SAN JOSE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company (the "Company") of Heritage Bank of Commerce (the "Bank"), today announced that the Board of Directors of the Company and the Bank approved the appointment of Robertson (Clay) Jones as President and Chief Operating Officer of the Bank, effective immediately. Walter T. Kaczmarek, President and Chief Executive Officer of the Company, will continue as Chief Executive Officer of the Bank. "Clay is an exceptional leader and his promotion to President and Chief Operating Officer of the Bank places him in a key leadership role to preside over further growth and success of our Bank, and
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Stephens downgraded Heritage Commerce Corp. from Overweight to Equal-Weight and set a new price target of $10.00
Raymond James downgraded Heritage Commerce Corp. from Strong Buy to Outperform and set a new price target of $15.00 from $13.00 previously
Stephens initiated coverage of Heritage Commerce Corp. with a rating of Overweight and set a new price target of $13.50
DA Davidson upgraded Heritage Commerce from Neutral to Buy and set a new price target of $13.50
Raymond James reiterated coverage of Heritage Commerce with a rating of Outperform and set a new price target of $13.00 from $10.00 previously
Raymond James reiterated coverage of Heritage Commerce with a rating of Outperform and set a new price target of $10.00 from $9.00 previously
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Valley National Bancorp (NASDAQ:VLY) Dividend Yield: 5.99% Wedbush analyst David Chiaverini reiterated a Neutral rating with a pri
Piper Sandler analyst Andrew Liesch maintains Heritage Commerce (NASDAQ:HTBK) with a Overweight and lowers the price target from $11 to $10.
Heritage Commerce (NASDAQ:HTBK) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.18 by 5.56 percent. This is a 45.16 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $42.140 million which missed the analyst consensus estimate of $42.284 million by 0.34 percent. This is a 19.00 percent decrease over sales of $52.024 million the same period last year.
By the close of today, February 22, 2024, Heritage Commerce (NASDAQ:HTBK) will issue a dividend payout of $0.13 per share, resulting in an annualized dividend yield of 5.38%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 07, 2024. Heritage Commerce Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Heritage Commerce (NASDAQ:HTBK) in the last three months. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 2 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $10.62, along with a high estimate of $11.00 and a low estimate of $9.50. This curre
Piper Sandler analyst Andrew Liesch maintains Heritage Commerce (NASDAQ:HTBK) with a Overweight and raises the price target from $10 to $11.
Keefe, Bruyette & Woods analyst Wood Lay maintains Heritage Commerce (NASDAQ:HTBK) with a Outperform and lowers the price target from $12 to $11.
Heritage Commerce (NASDAQ:HTBK) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 35.29 percent decrease over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $44.24 million which missed the analyst consensus estimate of $44.54 million by 0.67 percent. This is a 18.84 percent decrease over sales of $54.51 million the same period last year.
By the close of today, January 19, 2024, Horizon Bancorp (NASDAQ:HBNC) will issue a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 4.70%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 04, 2024. Horizon Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } t
Raymond James analyst David Feaster maintains Heritage Commerce (NASDAQ:HTBK) with a Outperform and raises the price target from $9.5 to $11.
SAN JOSE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on November 21, 2024, to shareholders of record at the close of the business day on November 7, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "We are committed to providing returns to our shareholders through consistent quarterly cash dividends," said Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank ho
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on August 22, 2024, to shareholders of record at the close of the business day on August 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "The Board of Directors of Heritage Commerce Corp announced a $0.13 per share quarterly cash dividend to holders of its common stock, as a result of another profitable quarter," said Mr. Clay Jones,
SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its second quarter 2024 net income was $9.2 million, or $0.15 per average diluted common share, compared to $10.2 million, or $0.17 per average diluted common share, for the first quarter of 2024, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the six months ended June 30, 2024, net income was $19.4 million, or $0.32 per average diluted common share, compared to $35.3 million, or $0.58 per average diluted common share, for the six months ended June 30
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on May 23, 2024, to shareholders of record at the close of the business day on May 9, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "As a result of another solid quarter of operating performance, the Board of Directors of Heritage Commerce Corp announced a $0.13 per share quarterly cash dividend to holders of common stock," said Mr.
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its first quarter 2024 net income was $10.2 million, or $0.17 per average diluted common share, compared to $18.9 million, or $0.31 per average diluted common share, for the first quarter of 2023, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. All data are unaudited. "Our first quarter 2024 earnings were solid, highlighted by total client deposits increasing over $66 million from the prior quarter and the loan portfolio increasing over $74 million, year
SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on February 22, 2024, to shareholders of record at the close of the business day on February 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "As our franchise continues to deliver strong earnings, we are pleased to be able to pay our regular quarterly cash dividend to our loyal shareholders," said Clay Jones, President and Chief Execu
SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its fourth quarter 2023 net income was $13.3 million, or $0.22 per average diluted common share, compared to $20.8 million, or $0.34 per average diluted common share, for the fourth quarter of 2022, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the year ended December 31, 2023, net income was $64.4 million, or $1.05 per average diluted common share, compared to $66.6 million, or $1.09 per average diluted common share, for the year ended December 31, 2
SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.13 per share to holders of common stock. The dividend will be payable on November 21, 2023, to shareholders of record at the close of the business day on November 7, 2023. Heritage Commerce Corp has paid a quarterly cash dividend since 2013. "With our robust financial position, we continue to maintain a consistent cash dividend while executing our strategic plan," remarked Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank ho
SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its third quarter 2023 net income was $15.8 million, or $0.26 per average diluted common share, compared to $18.1 million, or $0.30 per average diluted common share, for the third quarter of 2022, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the nine months ended September 30, 2023, net income increased 12% to $51.1 million, or $0.83 per average diluted common share, compared to $45.8 million, or $0.75 per average diluted common share, for the nine
SAN JOSE, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.13 per share to holders of common stock. The dividend will be payable on August 24, 2023, to shareholders of record at the close of the business day on August 10, 2023. Heritage Commerce Corp has paid a quarterly cash dividend since 2013. "With our Company's sound underlying earnings, strong capital and substantial liquidity position, we are pleased to consistently reward our shareholders for their loyalty with our regular quarterly cash dividend," said Cla