Heritage Commerce Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 33.93M26.80M4.47M2.78M-0.82M-0.34M0.03M1.24M0.10M7.42M0.85M13.23M-3.13M0.77M0.75M2.14M
Revenue 53.99M53.31M54.58M57.24M57.40M64.85M85.31M102.84M3.23M4.11M4.51M3.65M2.49M4.64M4.34M3.56M
Interest income
Interest income - Loans 58.60M49.63M42.77M40.80M41.57M49.21M68.26M79.28M86.35M105.64M116.81M133.17M139.24M153.01M177.63M182.98M
Interest Income - Debt Securities 6.46M5.89M9.09M11.52M8.94M7.12M8.10M10.66M13.72M16.23M15.84M16.42M12.87M20.67M27.35M20.82M
Interest Income - Deposits 0.06M0.22M0.17M0.13M0.75M0.91M1.59M2.42M4.58M6.77M7.87M3.76M3.76M14.07M28.37M38.01M
Interest Income - Total 62.29M55.09M52.03M52.56M52.79M59.26M78.74M94.43M106.91M129.84M142.66M150.47M153.26M188.83M234.30M242.70M
Interest expenses
Interest Expense - Deposits 13.46M8.09M3.94M2.80M2.37M2.03M2.40M3.20M3.99M5.51M8.16M6.26M4.82M6.77M47.56M76.90M
Interest Expense - Debt 1.93M1.88M1.87M1.38M0.23M1.39M2.31M2.69M2.32M2.31M2.18M2.15M2.15M
Interest Expense - Fed Funds 0.79M0.42M0.02M
Interest Expense - Others 0.08M0.13M0.04M0.00M0.00M0.12M0.02M0.01M0.00M0.00M0.00M0.00M0.00M1.36M
Interest Expenses 16.33M10.51M5.88M4.19M2.60M2.15M2.42M3.21M5.39M7.82M10.85M8.58M7.13M8.95M51.07M79.05M
Interest Income - Net 45.97M44.58M46.16M48.38M50.19M57.10M76.32M91.22M101.52M122.02M131.81M141.89M146.12M179.88M183.22M163.65M
Non-interest income
Interest Income - Total 12.04M17.77M41.69M45.59M51.00M57.44M76.29M89.98M101.42M114.60M130.97M128.66M149.26M179.11M182.47M161.51M
Financial Services Fees 1.59M1.72M1.74M1.74M1.45M1.30M1.14M1.40M0.97M
Service Charges 2.22M2.23M2.35M2.33M2.46M2.52M2.80M3.12M3.23M5.46M5.73M6.27M7.20M5.47M4.66M5.19M
Investment Gain (Loss) 0.23M1.96M0.46M1.56M0.04M0.10M0.64M1.10M-0.01M0.27M0.66M0.28M
Investment Banking Income -0.89M1.46M0.70M0.45M0.97M0.84M0.80M1.11M0.70M0.69M0.84M1.72M0.49M0.48M0.47M
Mortgage Banking 1.40M0.97M0.71M0.64M0.67M0.55M0.51M0.40M0.36M
Other Non-Interest Income 3.32M32.17M10.92M5.46M1.95M1.60M1.86M2.35M2.64M2.74M2.18M2.08M1.84M1.93M2.03M2.10M
Non-Interest Income 8.03M8.73M8.42M8.87M7.21M7.75M8.98M11.62M9.61M9.57M10.24M9.92M9.69M10.11M9.00M8.75M
Operating Items
Amortization - Intangibles 0.01M0.11M1.53M2.02M2.18M2.29M2.26M2.23M2.15M1.91M1.58M1.08M0.94M0.89M
Research & Development 0.91M0.83M0.88M0.98M1.08M0.97M1.37M1.33M1.48M1.98M2.89M
Wages, Salaries and Other 22.93M21.23M20.57M21.72M23.45M26.25M35.15M34.66M35.72M43.76M50.75M50.93M51.86M55.33M56.86M63.95M
Rent Expense 3.94M4.09M4.08M4.00M4.04M4.05M4.30M4.38M4.58M5.41M6.65M8.02M9.04M9.64M9.49M10.23M
Restructuring Costs 0.90M3.55M0.67M5.60M
Other Operating Expenses 39.91M83.21M34.61M34.08M13.40M15.14M49.46M51.93M54.01M62.53M75.36M81.49M84.04M85.22M91.56M103.36M
Operating Expenses 44.76M88.13M39.57M39.06M40.47M44.22M58.67M57.64M60.74M75.52M84.90M89.51M93.08M94.86M101.05M113.58M
EBIT -8.37M-51.11M16.41M19.59M20.35M23.12M29.02M47.18M55.69M57.65M73.00M103.31M141.49M135.72M
Non-operating items
Interest & Investment Income 45.00M16.00M18.00M16.00M
Non Operating Income 2.50M2.23M2.62M2.08M2.03M2.57M2.27M
Net income details
EBT -24.69M-61.62M10.54M15.40M17.75M20.96M26.60M43.97M50.30M49.07M65.87M94.37M90.42M56.67M
Tax Provisions -12.71M-5.77M-0.83M5.49M6.21M7.54M10.10M18.12M26.47M15.46M18.20M27.81M25.98M16.15M
Profit After Tax -11.98M-55.86M11.37M9.91M11.54M13.43M16.50M27.38M23.83M35.30M47.70M66.56M64.44M40.53M
Equity Income -52.18M14.35M12.71M13.15M14.61M18.08M10.90M10.08M7.25M20.13M38.70M36.65M13.32M
Income from Continuing Operations -11.98M-55.86M11.37M9.91M11.54M13.43M16.50M25.85M23.83M33.61M47.67M66.56M64.44M40.53M
Consolidated Net Income -11.98M-55.86M11.37M9.91M11.54M13.43M16.50M25.85M23.83M33.61M47.67M66.56M64.44M40.53M
Income towards Parent Company -11.98M-55.86M11.37M9.91M11.54M13.43M16.50M25.85M23.83M33.61M47.67M66.56M64.44M40.53M
Preferred Dividend Payments 2.38M2.40M2.33M1.21M0.34M1.34M1.79M1.51M
Net Income towards Common Stockholders -14.36M-58.26M9.04M8.70M11.20M12.42M14.71M25.87M23.83M33.61M47.67M66.56M64.44M40.53M
Additional items
EPS (Basic) -1.21-3.640.280.270.360.420.480.720.630.850.870.590.791.101.060.66
EPS (Weighted Average and Diluted) -1.21-3.640.280.270.360.420.480.720.620.840.840.590.791.091.050.66
Shares Outstanding (Weighted Average) 38.20M43.28M59.20M59.91M60.27M60.72M61.10M61.30M
Tax Rate 51.47%9.36%35.65%34.97%35.96%37.98%41.21%52.63%31.50%27.62%29.47%28.73%28.49%