Heritage Commerce (HTBK) Reports Q4 EPS of $0.30

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Go back to Heritage Commerce (HTBK) Reports Q4 EPS of $0.30

Heritage Commerce Corp Reports Record Earnings of $13.2 Million for the Fourth Quarter of 2018 and $35.3 Million for the Full Year of 2018

January 24, 2019 4:58 PM EST

SAN JOSE, Calif., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the Company) for Heritage Bank of Commerce (the Bank or HBC), today reported record profits for both the fourth quarter of 2018 and the full year of 2018, boosted by positive operating leverage from the acquisitions made in the second quarter of 2018, lower federal income taxes, a strong net interest margin, and solid credit quality.  Net income was $13.2 million, or $0.30 per average diluted common share for the fourth quarter of 2018, compared to $1.3 million, or $0.03 per average diluted common share for... More