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 |
---|---|---|---|
2/7/2025 | Equal-Weight → Overweight | Stephens | |
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 |
8-K - HERITAGE COMMERCE CORP (0001053352) (Filer)
SCHEDULE 13G/A - HERITAGE COMMERCE CORP (0001053352) (Subject)
10-Q - HERITAGE COMMERCE CORP (0001053352) (Filer)
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8-K - HERITAGE COMMERCE CORP (0001053352) (Filer)
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10-Q - HERITAGE COMMERCE CORP (0001053352) (Filer)
8-K - HERITAGE COMMERCE CORP (0001053352) (Filer)
DEF 14A - HERITAGE COMMERCE CORP (0001053352) (Filer)
PRE 14A - HERITAGE COMMERCE CORP (0001053352) (Filer)
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Stephens upgraded Heritage Commerce Corp. from Equal-Weight to Overweight
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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4 - HERITAGE COMMERCE CORP (0001053352) (Issuer)
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4 - HERITAGE COMMERCE CORP (0001053352) (Issuer)
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SAN JOSE, Calif., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), today announced the appointment of Christopher J. Abate to the Board of Directors (the "Board") of the Company and the Bank, expanding the Board to nine directors from eight. Mr. Abate will also serve as a member of the Board's Audit Committee and its Personnel and Compensation Committee. "We are pleased to welcome Chris to the Company's Board of Directors and look forward to working with him as we pursue our strategic plans," said Julie Biagini-Komas, Chair of the Board. "His deep experience in real estate and finance, coupled
SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, 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 21, 2025, to shareholders of record at the close of the business day on August 7, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in
SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), today announced the appointment of Seth Fonti as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective July 24, 2025. Mr. Fonti brings more than two decades of financial and strategic leadership experience across global and domestic banking institutions. Most recently, he served as Managing Director and Head of Strategy, Corporate Development, and Strategic Finance for MUFG Americas Holding Corporation ("MUFG Americas"), the regional arm of one of the world's top ten global banks. In this
SAN JOSE, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Heritage" or "Company"), parent company of Heritage Bank of Commerce (the "Bank"), a premier community business bank, today announces the appointment of Julianne Biagini-Komas as Chair of the Board of Directors (the "Board"), replacing Chairman Jack W. Conner who has assumed the role of Chair Emeritus and has indicated he intends to remain on the Board to provide a smooth and orderly transition through October 2025. Ms. Biagini-Komas, a Certified Public Accountant, has served as Vice Chair of the Board since October 2024, as a director since 2014 and as the Chair of the Audit Committee since 2020. "T
SAN JOSE, Calif., May 12, 2025 (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 9, 2025. "I am pleased to see that KBRA's latest ratings report high
SAN JOSE, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, 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 22, 2025, to shareholders of record at the close of the business day on May 8, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danvi
SAN JOSE, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank") today announced its financial results for the first quarter of 2025. All data are unaudited. QUARTERLY HIGHLIGHTS: Net IncomeEarnings Per SharePre-Provision Net Revenue ("PPNR")(1)Fully Tax Equivalent ("FTE") Net Interest Margin(1)Efficiency Ratio(1)Tangible Book Value Per Share(1) $11.6 million$0.19 $16.6 million3.39%63.96%$8.48 CEO COMMENTARY:"We delivered a solid quarter of performance with a 9% increase in our level of profitability from the prior quarter," said Clay Jones, President and Chief Executive
SAN JOSE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Company"), parent company of Heritage Bank of Commerce ("Bank"), today announced the appointment of Janisha Sabnani as Executive Vice President and General Counsel of the Company and the Bank. As General Counsel, Ms. Sabnani will report directly to Chief Executive Officer ("CEO") Robertson "Clay" Jones and will have primary responsibility for advising executive management, directors, and business unit executives on all legal and regulatory matters. With over fifteen years' experience in financial services and private practice, Ms. Sabnani brings a wealth of knowledge and expertise to our team. "We
SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, 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 20, 2025, to shareholders of record at the close of the business day on February 6, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "We continue to provide our shareholders a consistent cash dividend, while executing on our strategic plan," said Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank holding com
SAN JOSE, Calif., Jan. 23, 2025 (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 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2
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SAN JOSE, Calif., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), today announced the appointment of Christopher J. Abate to the Board of Directors (the "Board") of the Company and the Bank, expanding the Board to nine directors from eight. Mr. Abate will also serve as a member of the Board's Audit Committee and its Personnel and Compensation Committee. "We are pleased to welcome Chris to the Company's Board of Directors and look forward to working with him as we pursue our strategic plans," said Julie Biagini-Komas, Chair of the Board. "His deep experience in real estate and finance, coupled
SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (the "Company"), parent company of Heritage Bank of Commerce (the "Bank"), today announced the appointment of Seth Fonti as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective July 24, 2025. Mr. Fonti brings more than two decades of financial and strategic leadership experience across global and domestic banking institutions. Most recently, he served as Managing Director and Head of Strategy, Corporate Development, and Strategic Finance for MUFG Americas Holding Corporation ("MUFG Americas"), the regional arm of one of the world's top ten global banks. In this
SAN JOSE, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Heritage" or "Company"), parent company of Heritage Bank of Commerce (the "Bank"), a premier community business bank, today announces the appointment of Julianne Biagini-Komas as Chair of the Board of Directors (the "Board"), replacing Chairman Jack W. Conner who has assumed the role of Chair Emeritus and has indicated he intends to remain on the Board to provide a smooth and orderly transition through October 2025. Ms. Biagini-Komas, a Certified Public Accountant, has served as Vice Chair of the Board since October 2024, as a director since 2014 and as the Chair of the Audit Committee since 2020. "T
SAN JOSE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) ("Company"), parent company of Heritage Bank of Commerce ("Bank"), today announced the appointment of Janisha Sabnani as Executive Vice President and General Counsel of the Company and the Bank. As General Counsel, Ms. Sabnani will report directly to Chief Executive Officer ("CEO") Robertson "Clay" Jones and will have primary responsibility for advising executive management, directors, and business unit executives on all legal and regulatory matters. With over fifteen years' experience in financial services and private practice, Ms. Sabnani brings a wealth of knowledge and expertise to our team. "We
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
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SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, 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 21, 2025, to shareholders of record at the close of the business day on August 7, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in
SAN JOSE, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, 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 22, 2025, to shareholders of record at the close of the business day on May 8, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danvi
SAN JOSE, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank") today announced its financial results for the first quarter of 2025. All data are unaudited. QUARTERLY HIGHLIGHTS: Net IncomeEarnings Per SharePre-Provision Net Revenue ("PPNR")(1)Fully Tax Equivalent ("FTE") Net Interest Margin(1)Efficiency Ratio(1)Tangible Book Value Per Share(1) $11.6 million$0.19 $16.6 million3.39%63.96%$8.48 CEO COMMENTARY:"We delivered a solid quarter of performance with a 9% increase in our level of profitability from the prior quarter," said Clay Jones, President and Chief Executive
SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK), the holding company for Heritage Bank of Commerce, 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 20, 2025, to shareholders of record at the close of the business day on February 6, 2025. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. "We continue to provide our shareholders a consistent cash dividend, while executing on our strategic plan," said Clay Jones, President and Chief Executive Officer. Heritage Commerce Corp, a bank holding com
SAN JOSE, Calif., Jan. 23, 2025 (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 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2
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