Heritage Commerce Annual Income Statement (NASDAQ:HTBK)

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$14.49 $0.09 (0.62%) HTBK stock closing price Apr 25, 2017 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Heritage Commerce stock price. In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. The income statement for HTBK which implies a YoY revenue growth of $18.33M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The Heritage Commerce profit and loss statement for 2016 shows a profit of $27.38M. Profits have grown from $16.49M YoY. Apart from this an investor should also check Heritage Commerce assets and Heritage Commerce free cash flow. Heritage Commerce revenue for 2016 is $106.05M. 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
106.05M87.72M67M60M61.43M60.45M63.82M70.32M82.74M86.76M
Cost Of Goods Sold (COGS)3.19M2.4M2.03M2.36M2.8M3.94M8.08M13.46M20.03M24.21M
Heritage Commerce Gross Profit
102.85M85.32M64.97M57.63M58.63M56.51M55.73M56.85M62.71M62.55M
Research & Development Expense----------
Selling General & Admin Expense58.87M58.7M42.98M40.9M43.04M42.97M70.67M74.31M56.32M37.17M
Income Before Depreciation Depletion Amortization43.98M26.62M21.98M16.72M15.59M13.53M-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 Expense0.01M0.01M0.12M0.23M1.38M1.93M2.42M2.86M4.4M2.8M
Heritage Commerce Pretax Income
43.96M26.6M20.96M16.49M14.2M10.53M-61.62M-24.69M0.37M22.23M
Provision for Income Taxes16.58M10.1M7.53M4.95M4.29M-0.83M-5.76M-12.7M-1.38M8.13M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations27.38M16.49M13.42M11.54M9.9M11.37M-55.85M-11.98M1.76M14.09M
Extraordinary Items & Discontinued Operations----------
Heritage Commerce Net Income (Profit/Loss)
27.38M16.49M13.42M11.54M9.9M11.37M-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:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Heritage Commerce revenue chart) implies that the company is growing, which has been the case with Heritage Commerce. One must stay away from stocks whose revenues are declining.
  • 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)
20.1250
PS ratio (
price sales ratio
)
5.1820
Operating margin
43.1
Net profit margin
26.7
Dividend yield
2.48%