HTBK News and Press, Heritage Commerce Corp From 12/07/22

Summary November finished off on another positive note, thanks to the Fed discussing a softer approach to interest rates. The S&P 500 is still north of 4,000 for consecutive weeks. In total, the retirement accounts brought in a total dividend income amount of $346.95 or 29% of the d...

– Agreement provides immediate access to cash flow – – EPI Health leveraging accounts receivables from commercial product sales to bolster working capital needs – DURHAM, N.C., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Novan, Inc. (“the Company” o...

Heritage Commerce press release ( NASDAQ: HTBK ): Q3 GAAP EPS of $0.30 beats by $0.01 . Revenue of $50.82M (+25.2% Y/Y) beats by $1.11M . For further details see: Heritage Commerce GAAP EPS of $0.30 beats by $0.01, revenue of $50.82M beats by $1.11M

Summary Thanks to the loan mix and sticky deposit costs, the net interest income is quite rate-sensitive. Loan growth will depend on economic activity in California, especially in the San Francisco Bay area. There is a limited need for further provisioning as the existing allo...

Summary The passive income stream is growing at a rapid pace. Our dividend income was barely up from last year by $39 or 3%. In total, the dividend increase created $9.45 in additional passive dividend income. For further details see: Dividend Income ...

Heritage Commerce press release ( NASDAQ: HTBK ): Q2 GAAP EPS of $0.24 beats by $0.01 . Revenue of $43.98M (+18.7% Y/Y) beats by $1.24M . For further details see: Heritage Commerce GAAP EPS of $0.24 beats by $0.01, revenue of $43.98M beats by $1.24M

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company’) for Heritage Bank of Commerce (the “Bank” or “HBC”), today announced that Walter T. Kaczmarek will be stepping down as...

SAN JOSE, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp. (Nasdaq: HTBK) , today announced the opening of a new Oakland banking office at 1111 Broadway, Suite 1650. Led by Landon Baines, SVP, Regiona...

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, effect...

The net interest margin is highly sensitive to interest rate changes. Moreover, the excess cash presents an opportunity to improve the asset mix, thereby further expanding the margin. Strength in California’s labor market bodes well for loan growth. Provisioning for expecte...