HTBK · As filed with the SEC
Heritage Commerce income 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 INCOME · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Interest income: | ||||||
| Loans, including fees | 196,823 | 182,983 | 177,628 | 153,010 | 139,244 | 133,169 |
| Securities, taxable | 26,451 | 20,817 | 27,351 | 20,666 | 8,678 | 11,637 |
| Securities, exempt from Federal tax | 830 | 890 | 945 | 1,084 | 1,576 | 1,908 |
| Other investments, interest-bearing deposits in other financial institutions and Federal funds sold | 32,895 | 38,009 | 28,374 | 14,068 | 3,758 | 3,757 |
| Total interest income | 256,999 | 242,699 | 234,298 | 188,828 | 153,256 | 150,471 |
| Interest expense: | ||||||
| Deposits | 69,472 | 76,899 | 47,557 | 6,770 | 4,816 | 6,260 |
| Short-term borrowings | 0 | — | 1,365 | — | 1 | 1 |
| Subordinated debt | 2,152 | 2,152 | 2,152 | 2,178 | 2,314 | 2,320 |
| Total interest expense | — | — | 51,074,000 | 8,948,000 | 7,131,000 | 8,581,000 |
| Total interest expense | 71,624 | 79,051 | — | — | — | — |
| Net interest income before provision for credit losses on loans | 185,375 | 163,648 | 183,224 | 179,880 | 146,125 | 141,890 |
| Provision for credit losses on loans | 1,816 | 2,139 | 749 | 766 | (3,134) | 13,233 |
| Net interest income after provision for credit losses on loans | 183,559 | 161,509 | 182,475 | 179,114 | 149,259 | 128,657 |
| Noninterest income: | ||||||
| Service charges and fees on deposit accounts | 3,688 | 3,561 | 4,341 | 4,640 | 2,488 | 2,859 |
| Gain on the disposition of foreclosed assets | — | — | — | — | — | 791,000 |
| FHLB and FRB stock dividends | 2,353 | — | — | — | — | — |
| Increase in cash surrender value of life insurance | 2,213 | 2,097 | 2,031 | 1,925 | 1,838 | 1,845 |
| Termination fees | 435 | 177 | 154 | 61 | 797 | 89 |
| Gain on proceeds from company owned life insurance | — | — | 125,000 | 27,000 | 675,000 | 20,000 |
| Gain on sales of securities | — | — | — | — | — | 277,000 |
| Gain on warrants | — | — | — | 669,000 | 11,000 | 449,000 |
| Servicing income | 302 | 365 | 400 | 508 | 553 | 673 |
| Gain on sales of SBA loans | 215 | 473 | 482 | 491 | 1,718 | 839 |
| Gain on proceeds from company owned life insurance | 0 | 219 | — | — | — | — |
| Other | 2,883 | 1,856 | 1,465 | 1,790 | 1,608 | 2,080 |
| Total noninterest income | 12,089 | 8,748 | 8,998 | 10,111 | 9,688 | 9,922 |
| Noninterest expense: | ||||||
| Salaries and employee benefits | 66,537 | 63,952 | 56,862 | 55,331 | 51,862 | 50,927 |
| Occupancy and equipment | 9,944 | 10,226 | 9,490 | 9,639 | 9,038 | 8,018 |
| Professional fees | 6,233 | 5,416 | 4,350 | 5,015 | 5,901 | 5,338 |
| Other | 45,145 | 33,989 | 30,352 | 24,874 | 26,276 | 25,228 |
| Total noninterest expense | 127,859 | 113,583 | 101,054 | 94,859 | 93,077 | 89,511 |
| Income before income taxes | 67,789 | 56,674 | 90,419 | 94,366 | 65,870 | 49,068 |
| Income tax expense | 19,959 | 16,146 | 25,976 | 27,811 | 18,170 | 13,769 |
| Net income | 47,830 | 40,528 | 64,443 | 66,555 | 47,700 | 35,299 |
| Earnings per common share: | ||||||
| Basic (in dollars per share) | 0.78 | 0.66 | 1.06 | 1.10 | 0.79 | 0.59 |
| Diluted (in dollars per share) | 0.78 | 0.66 | 1.05 | 1.09 | 0.79 | 0.59 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.