Heritage Commerce Annual Income Statement (NASDAQ:HTBK)

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$14.21 $0.18 (1.25%) HTBK stock closing price Feb 17, 2017 (Closing)

Fundamental analysis of HTBK stock involves analyzing its financial statements, apart from checking the Heritage Commerce stock price The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the HTBK income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $18.34M when compared to the same period in the past. Along with Heritage Commerce assets and Heritage Commerce free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $16.49M YoY and 2016 revenue is $106.06M. Heritage Commerce revenue for 2016 is $106.06M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Heritage Commerce Net Sales or Revenues
106.06M87.72M67M60M61.43M60.45M63.82M70.32M82.74M86.76M
Cost Of Goods Sold (COGS)-2.4M2.03M2.36M2.8M3.94M8.08M13.46M20.03M24.21M
Heritage Commerce Gross Profit
-85.32M64.97M57.63M58.63M56.51M55.73M56.85M62.71M62.55M
Research & Development Expense----------
Selling General & Admin Expense-58.7M42.98M40.9M43.04M42.97M70.67M74.31M56.32M37.17M
Income Before Depreciation Depletion Amortization-26.62M21.98M16.72M15.59M13.53M-14.93M-17.45M6.39M25.37M
Depreciation Depletion Amortization------43.18M3.45M0.74M0.35M
Non Operating Income--0.89M---1.06M-1.08M-0.92M-0.86M0.01M
Interest Expense-0.01M0.12M0.23M1.38M1.93M2.42M2.86M4.4M2.8M
Heritage Commerce Pretax Income
-26.6M20.96M16.49M14.2M10.53M-61.62M-24.69M0.37M22.23M
Provision for Income Taxes-10.1M7.53M4.95M4.29M-0.83M-5.76M-12.7M-1.38M8.13M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations25.87M16.49M13.42M11.54M9.9M11.37M-55.85M-11.98M1.76M14.09M
Extraordinary Items & Discontinued Operations----------
Heritage Commerce Net Income (Profit/Loss)
25.87M16.49M13.42M11.54M9.9M11.37M-55.85M-11.98M1.76M14.09M
Average Shares used to compute Diluted EPS34.22M28.79M26.53M31.95M31.92M31.9M16M11.82M12.04M12.59M
Average Shares used to compute Basic EPS33.93M28.57M26.39M31.95M31.92M31.9M16M11.82M12M12.78M
Income Before Nonrecurring Items25.87M16.5M13.43M11.54M8.7M11.37M-12.68M-11.99M1.76M14.08M
Income from Nonrecurring Items-------43.18M--0.02M
Heritage Commerce Earnings Per Share Basic Net
0.720.480.420.360.270.28-3.64-1.210.131.14
Heritage Commerce Earnings Per Share Diluted Net
0.720.480.420.360.270.28-3.64-1.210.131.12
EPS Diluted Before Nonrecurring Items0.720.480.420.360.270.28-0.94-1.210.131.12
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.360.320.180.06---0.020.320.26
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Heritage Commerce stock analysis. An investor must check the following items in an income statement:
  • Topline: A growing topline, as seen from the Heritage Commerce revenue chart, as is the case with Heritage Commerce indicates a growing business. One needs to compare the QoQ or YoY topline growth of HTBK stock with its peers like FBAK stock and PCBK stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. HTBK stock had a healthy bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Heritage Commerce historical stock prices to check how the price has moved with time. .

Heritage Commerce Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
19.7360
PS ratio (
price sales ratio
)
5.0819
Net profit margin
26.7
Dividend yield
2.53%