HTBK · As filed with the SEC
Heritage Commerce cash flow statement, by fiscal year
The statement as Heritage Commerce presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income | 47,830 | 40,528 | 64,443 | 66,555 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Amortization of premiums and accretion of discounts on securities | (819) | (2,582) | (4,822) | (953) |
| Gain on sale of SBA loans | (215) | (473) | (482) | (491) |
| Proceeds from sale of SBA loans originated for sale | 3,145 | 6,469 | 8,035 | 7,689 |
| SBA loans originated for sale | (2,615) | (6,166) | (7,302) | (7,767) |
| Provision for credit losses on loans | 1,816 | 2,139 | 749 | 766 |
| Increase in cash surrender value of life insurance | (2,213) | (2,097) | (2,031) | (1,925) |
| Depreciation and amortization | 1,304 | 1,341 | 1,115 | 1,121 |
| Amortization of other intangible assets | 1,814 | 2,188 | 2,406 | 2,635 |
| Stock option expense, net | 352 | 516 | 600 | 595 |
| RSUs and PRSUs expense | 965 | 1,409 | 392 | — |
| Amortization of restricted stock awards, net | 621 | 916 | 1,404 | 2,583 |
| Amortization of subordinated debt issuance costs | 152 | 151 | 152 | 172 |
| Gain on proceeds from company-owned life insurance | 0 | (219) | (125) | (27) |
| Effect of changes in: | ||||
| Accrued interest receivable and other assets | (7,336) | 4,044 | 2,411 | 978 |
| Accrued interest payable and other liabilities | 16,874 | (9,193) | 6,065 | (2,078) |
| Net cash provided by operating activities | 61,675 | 38,971 | 73,010 | 69,853 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase of securities available-for-sale | (555,713) | (30,263) | — | (425,721) |
| Purchase of securities held-to-maturity | — | — | — | (146,548,000) |
| Maturities/paydowns/calls of securities available-for-sale | 226,147 | 225,064 | 59,014 | 21,881 |
| Maturities/paydowns/calls of securities held-to-maturity | 59,599 | 59,566 | 63,376 | 88,394 |
| Purchase of mortgage loans | — | — | — | (185,426,000) |
| Net change in loans | (161,155) | (142,703) | (52,131) | (21,862) |
| Changes in FHLB stock and other investments | (12) | (16) | (18) | (18) |
| Proceeds from redemption of company-owned life insurance | 0 | 594 | 1,612 | 596 |
| Purchase of premises and equipment | (377) | (1,624) | (1,671) | (783) |
| Net cash (used in) provided by investing activities | (431,511) | 110,618 | 70,182 | (669,487) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Net change in deposits | 83,055 | 441,573 | (11,146) | (369,808) |
| Exercise of stock options | 1,652 | 690 | 1,220 | 2,050 |
| Payment of cash dividends | (31,917) | (31,858) | (31,740) | (31,495) |
| Redemption of subordinated debt | — | — | — | (40,000,000) |
| Issuance of subordinated debt, net of issuance costs | — | — | — | 39,274,000 |
| Repurchase shares of the Company common stock | (4,049) | — | — | — |
| Net cash provided by (used in) financing activities | 48,741 | 410,405 | (41,666) | (399,979) |
| Net increase (decrease) in cash and cash equivalents | (321,095) | 559,994 | 101,526 | (999,613) |
| Cash and cash equivalents, beginning of period | 968,123 | 408,129 | 306,603 | 1,306,216 |
| Cash and cash equivalents, end of period | 647,028 | 968,123 | 408,129 | 306,603 |
| Supplemental disclosures of cash flow information: | ||||
| Interest paid | 72,076 | 77,237 | 46,834 | 8,654 |
| Income taxes paid, net | 21,458 | 13,219 | 28,340 | 25,175 |
| Supplemental schedule of non-cash activity: | ||||
| Recording of right of use assets in exchange for lease obligations | 0 | 3,045 | 541 | 2,736 |
| Transfer of loans held-for-sale to loan portfolio | — | — | — | 480,000 |
| Transfer of loans held-for-sale to loan portfolio | 738 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.