Heritage Commerce Revenue, Profits - HTBK Annual Income Statement

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$16.96 $0.02 (0.12%) HTBK stock closing price Jul 20, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Heritage Commerce stock price. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the HTBK income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 9.87% when compared to the same period in the past. One also needs to look at Heritage Commerce assets, operating expenses and Heritage Commerce free cash flow. The Heritage Commerce profit and loss statement shows revenue of $116.52M for 2017. Revenue has grown by 9.87% YOY for HTBK stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Heritage Commerce Revenues or Net Sales
116.52M106.05M87.72M67M60M61.43M60.45M63.82M70.32M82.74M
Cost Of Goods Sold (COGS)3.99M3.19M2.4M2.03M2.36M2.8M3.94M8.08M13.46M20.03M
Heritage Commerce Gross Profit
112.53M102.85M85.32M64.97M57.63M58.63M56.51M55.73M56.85M62.71M
Research & Development Expense----------
Selling General & Admin Expense60.83M58.87M58.7M42.98M40.9M43.04M42.97M70.67M74.31M56.32M
Income Before Depreciation Depletion Amortization51.69M43.98M26.62M21.98M16.72M15.59M13.53M-14.93M-17.45M6.39M
Depreciation Depletion Amortization-------43.18M3.45M-
Non Operating Income-------1.06M-1.08M-0.92M-0.86M
Interest Expense1.39M----1.38M1.93M2.42M2.86M4.4M
Heritage Commerce Pretax Income
50.29M43.96M26.6M20.96M16.49M14.2M10.53M-61.62M-24.69M-
Provision for Income Taxes26.47M16.58M10.1M7.53M4.95M4.29M-0.83M-5.76M-12.7M-1.38M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations23.82M27.38M16.49M13.42M11.54M9.9M11.37M-55.85M-11.98M1.76M
Extraordinary Items & Discontinued Operations----------
Heritage Commerce Profit/ Loss (Net Income)
23.82M27.38M16.49M13.42M11.54M9.9M11.37M-55.85M-11.98M1.76M
Average Shares used to compute Diluted EPS38.61M34.22M28.79M26.53M31.95M31.92M31.9M16M11.82M12.04M
Average Shares used to compute Basic EPS38.1M33.93M28.57M26.39M31.95M31.92M31.9M16M11.82M12M
Income Before Nonrecurring Items30.9M25.87M16.5M13.43M11.54M8.7M11.37M-12.68M-11.99M1.76M
Income from Nonrecurring Items-6.95M-------43.18M--
Heritage Commerce Earnings Per Share Basic Net
0.630.720.480.420.360.270.28-3.64-1.210.13
Heritage Commerce Earnings Per Share Diluted Net
0.620.720.480.420.360.270.28-3.64-1.210.13
EPS Diluted Before Nonrecurring Items0.800.720.480.420.360.270.28-0.94-1.210.13
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.400.360.320.180.060.000.000.000.020.32
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:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that HTBK stock has a topline or revenue of $116.52M for 2017 as per this Heritage Commerce revenue chart. Investors look for stocks with a growing top line.
  • 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 poor bottom line growth.

The income statement is also called statement of revenue and expense. The HTBK financials along with Heritage Commerce historical stock prices provide a lot of details about the firm.

Heritage Commerce Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
24.94
PS Ratio (price sales ratio)
5.42
Operating Margin
41.9
Net Profit Margin
29.3
Dividend Yield
2.42%