Heritage Commerce Revenue, Profits - HTBK Annual Income Statement

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$13.87 $0.27 (1.99%) HTBK stock closing price Sep 20, 2017 (Closing)

Looking at financial statements, along with the Heritage Commerce stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. ξ In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. 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. 2016 revenue is $106.05M and has increased from $87.72M year on year as is evident when you compare the latest figures in the latest Heritage Commerce profit and loss statement with those of the prior corresponding period. (See also: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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Quarterly
Annual
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Fiscal year is Jan - Dec.2016201520142013201220112010200920082007
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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Heritage Commerce stock analysis involves checking at least a few of the important things like:
  • 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 or sales growth of HTBK stock with its peers like PCBK stock and CACB stock to see if the growth compares well with what can be expected from a company in that industry.
  • 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 its profits.
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)
19
PS Ratio (price sales ratio)
4.86
Operating Margin
43.1
Net Profit Margin
26.2
Dividend Yield
2.74%