Heritage Commerce Revenue, Profits - HTBK Quarterly Income Statement

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$13.87 $0.27 (1.99%) HTBK stock closing price Sep 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. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the HTBK stock is bound to reflect the impact of the QoQ growth of $1.41M. The Heritage Commerce profit and loss statement for 2017-Q2 shows a profit of $7.45M. Profits have grown from $6.54M QoQ. Apart from this an investor should also check Heritage Commerce assets and Heritage Commerce free cash flow. View details of revenue and profits for Heritage Commerce for latest & last 40 quarters

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Quarterly
Annual
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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
Heritage Commerce Net Sales or Revenues
28.4M26.99M27.03M26.19M27.16M25.68M25.73M22.37M20.34M19.29M
Cost Of Goods Sold (COGS)0.94M0.87M0.87M0.82M0.76M0.74M0.75M0.62M0.53M0.5M
Heritage Commerce Gross Profit
27.45M26.12M26.17M25.36M26.4M24.92M25M21.74M19.8M18.78M
Research & Development Expense----------
Selling General & Admin Expense15.2M15.64M14.52M14.54M14.73M15.08M19.14M15.15M12.2M12.21M
Income Before Depreciation Depletion Amortization12.24M10.47M11.66M10.81M11.67M9.84M5.87M6.59M7.6M6.56M
Depreciation Depletion Amortization-------0.27M0.27M--
Non Operating Income-------1.11M0.68M0.43M-
Interest Expense0.22M----0.01M0.01M---
Heritage Commerce Pretax Income
12.01M10.47M11.65M10.81M11.67M9.83M7.25M5.63M7.16M6.56M
Provision for Income Taxes4.56M3.93M4.44M4.05M4.37M3.72M2.81M2.17M2.69M2.43M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations7.45M6.54M7.22M6.77M7.3M6.11M4.42M3.46M4.48M4.14M
Extraordinary Items & Discontinued Operations----------
Heritage Commerce Net Income (Profit/Loss)
7.45M6.54M7.22M6.77M7.3M6.11M4.42M3.46M4.48M4.14M
Average Shares used to compute Diluted EPS38.58M38.49M38.27M33.69M32.51M32.38M32.39M29.33M26.77M26.68M
Average Shares used to compute Basic EPS38.07M37.96M37.93M33.4M32.24M32.13M32.11M29.08M26.57M26.51M
Income Before Nonrecurring Items7.45M6.54M7.22M6.77M7.3M6.11M4.42M3.46M4.48M4.14M
Income from Nonrecurring Items----------
Heritage Commerce Earnings Per Share Basic Net
0.200.170.190.180.190.160.120.100.140.13
Heritage Commerce Earnings Per Share Diluted Net
0.190.170.190.180.190.160.120.100.140.13
EPS Diluted Before Nonrecurring Items0.190.170.190.180.190.160.120.100.140.13
Preferred Dividends Acc Pd----------
Dividends Common3.803.80--------
Dividend Per Share Common0.100.100.090.090.090.090.080.080.080.08
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: Most businesses like Heritage Commerce try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
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%