NASDAQ$HTBK

Heritage Commerce Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Heritage Commerce reported Q1 2025, revenue of $48M, net income of $12.5M, diluted EPS of $0.72.

For Q1 2025, Heritage Commerce reported revenue of $48M, net income of $12.5M, diluted EPS was $0.72. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $48M.
  • Net income $12.5M.
  • Diluted EPS $0.72.

Headline financials

Total Revenue

$46.1M

Previous: $42.1M+9.3%
EPS (adj)

$0.72

Previous: $0.17+323.5%
Efficiency Ratio

64.0%

Previous: 65.3%-2.1%
Net Interest Margin (FTE)

3.4%

Previous: 3.3%+2.4%
Pre-Provision Net Revenue

$16.6M

Previous: $14.6M+13.7%
ROATCE

9.1%

Previous: 8.2%+10.3%
Return on Tangible Assets

0.9%

Previous: 0.8%+7.3%
Tangible Book Value/Share

$8.48

Previous: $8.17+3.8%
Loan to Deposit Ratio

74.5%

Previous: 75.1%-0.8%
NPAs to Total Assets

0.1%

Previous: 0.1%-26.7%
NPLs to Total Loans

0.2%

Previous: 0.2%-25.0%
CET1 Capital Ratio

13.6%

Previous: 13.4%+1.5%
Total Capital Ratio

15.9%

Previous: 15.6%+1.9%
Tier 1 Leverage Ratio

9.8%

Previous: 10.2%-3.9%
Net Income

$11.6M

Previous: $10.2M+14.4%
Operating Income

$16.3M

Previous: $17.5M-6.5%

Revenue & EPS history

Heritage Commerce · Revenue · Quarterly

$46.1M

Q1 2025+9.3%vs Q1 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Regional banks discuss net interest margin, credit quality, and capital returns rather than long-range EPS guidance in the 10-Q.

Tailwinds

  • Net interest income and margin trends when rates cooperate.
  • Deposit franchise and liquidity strength.
  • Dividend capacity from earnings.

Headwinds

  • Credit provision and loan growth uncertainty.
  • Interest rate and funding cost pressure.
  • Commercial real estate exposure where applicable.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.9%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.3%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+12.7%

Q1 2023

Best reaction

-6.6%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025-3.8%-6.3%-0.7%
Q3 2025+0.3%-2.1%+3.6%
Q2 2025-3.1%-6.0%+2.0%
Q1 2025-0.5%+0.0%-1.5%
Q4 2024+3.8%+4.7%+14.3%
Q3 2024-2.1%+1.8%+12.4%
Q2 2024+4.1%+2.5%-2.0%
Q1 2024-4.3%-5.0%-2.5%
Q4 2023-5.0%-4.6%-14.4%
Q3 2023+3.4%+2.5%+7.1%
Q2 2023-1.9%-2.3%-12.2%
Q1 2023+12.7%-1.7%+2.1%
Q4 2022-4.9%-3.4%-2.2%
Q3 2022+8.4%+8.4%+10.2%
Q2 2022+1.1%-0.3%-0.6%
Q1 2022-1.2%-0.4%+0.1%
Q4 2021+1.2%+0.6%-2.1%
Q3 2021+4.2%+4.5%-3.1%
Q2 2021-1.4%-1.6%+2.4%
Q1 2021+2.8%+1.3%-0.5%
Q4 2020-3.5%-3.4%+4.5%
Q3 2020+8.4%-0.5%+17.0%
Q2 2020+4.3%-1.7%-2.7%
Q1 2020-0.3%+14.5%-2.8%
Q4 2019-4.0%-6.6%-6.1%
Q3 2019-2.1%+2.7%+6.0%
Q2 2019+0.6%+0.8%-8.0%
Q1 2019-5.1%-2.4%-4.6%
Q4 2018+6.5%+3.4%+12.6%
Q3 2018+6.4%+7.3%+3.9%
Q2 2018+1.4%-9.2%-5.3%
Q1 2018+0.6%+0.3%+1.6%
Q4 2017-1.1%-1.2%+1.5%
Q3 2017+4.2%+5.1%+4.4%
Q2 2017-1.5%+0.1%-3.1%
Q1 2017-3.3%-1.9%-8.5%
Q4 2016-0.1%-2.8%-0.3%
Q3 2016+1.8%+0.4%+15.6%
Q2 2016-1.5%-1.9%+11.8%
Q1 2016-1.4%
Q4 2015+2.4%
Q3 2015-6.6%
Q2 2015+1.5%
Q1 2015+0.7%
Q4 2014-0.5%
Q3 2014+0.5%
Q2 2014+0.6%
Q1 2014+0.9%
Q4 2013-2.8%
Q3 2013+0.5%
Q2 2013-0.7%
Q1 2013-1.3%
Q4 2012+2.0%
Q3 2012-1.7%
Q2 2012+1.8%
Q1 2011-2.7%
Q1 2012+5.0%
Q4 2009+2.8%
Q4 2011+2.8%
Q4 2010+2.8%
Q3 2011+8.0%
Q3 2010+8.0%
Q2 2010+3.2%
Q2 2011+3.2%
Q1 2010+1.0%

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