Heritage Commerce Annual Income Statement (NASDAQ:HTBK)

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$13.89 $0.02 (0.14%) HTBK stock closing price Jul 20, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Heritage Commerce stock price alone is not sufficient. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time. The revenue increase of $106.05M for 2016 impacts the HTBK stock. Investors typically check year over year or quarter over quarter revenue growth. One also needs to look at Heritage Commerce assets, operating expenses and Heritage Commerce free cash flow. The profit and loss statement shows revenue of $106.05M for 2016. Revenue has grown by $18.33M YoY for HTBK stock. 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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The key things to look for in an income statement while doing Heritage Commerce stock analysis are:
  • Revenue: This is the inflow that is generated from the sale of goods or services and is $106.05M for this year of 2016. Our Heritage Commerce revenue chart gives a clear visual representation of how the topline growth has been. Investors often invest in only those companies where the revenue is growing at a steady rate.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $106.05M - other expenses = $27.38M for HTBK stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Heritage Commerce historical stock prices provides a lot of details about the firm. .

Heritage Commerce Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
19.0270
PS ratio (
price sales ratio
)
4.9107
Operating margin
38.8
Net profit margin
24.2
Dividend yield
2.66%