NASDAQ$HTBK
Heritage Commerce Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Net income increased due to growth in loan portfolio, increased deposits, higher net interest income, and improved efficiency.
Heritage Commerce Corp reported a net income of $16.4 million for the second quarter of 2023, an 11% increase compared to the second quarter of 2022. Diluted earnings per share were $0.27. The company's total liquidity and borrowing capacity was $3.113 billion as of June 30, 2023.
- Net income increased 11% to $16.4 million for the second quarter of 2023, or $0.27 per average diluted common share.
- Total liquidity and borrowing capacity was $3.113 billion as of June 30, 2023.
- Total deposits increased $111.2 million to $4.501 billion at June 30, 2023 from December 31, 2022.
- The Bank increased its credit line availability from the FRB and the FHLB by $332.3 million to $2.354 billion at June 30, 2023, from March 31, 2023.
Headline financials
Revenue & EPS history
Heritage Commerce · Revenue · Quarterly
$48.4M
Forward guidance
Looking ahead to the second half of the year, Heritage Commerce Corp remains confident in the Bank's well-positioned balance sheet, with an emphasis on strength, stability, and liquidity.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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