HTBK · As filed with the SEC

Heritage Commerce cash flow statement, by quarter

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	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	15,117^†	14,698^†	6,389^†	11,626	10,621^†	10,507^†	9,234^†	10,166
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities	(44)^†	38^†	(306)^†	(507)	(443)^†	(479)^†	(724)^†	(936)
Gain on sale of SBA loans	(30)^†	0^†	(87)^†	(98)	(125)^†	(94)^†	(76)^†	(178)
Proceeds from sale of SBA loans originated for sale	481^†	0^†	1,509^†	1,155	1,906^†	1,335^†	1,250^†	1,978
SBA loans originated for sale	(448)^†	(169)^†	(694)^†	(1,304)	(2,507)^†	(991)^†	(1,127)^†	(1,541)
Provision for credit losses on loans	610^†	416^†	516^†	274	1,331^†	153^†	471^†	184
Increase in cash surrender value of life insurance	(563)^†	(564)^†	(548)^†	(538)	(528)^†	(530)^†	(521)^†	(518)
Depreciation and amortization	334^†	308^†	315^†	347	364^†	348^†	329^†	300
Amortization of other intangible assets	453^†	454^†	454^†	453	527^†	555^†	553^†	553
Stock option expense, net	70^†	73^†	92^†	117	121^†	121^†	129^†	145
RSUs and PRSUs expense	262^†	506^†	(81)^†	278	402^†	396^†	413^†	198
Amortization of restricted stock awards, net	154^†	157^†	165^†	145	201^†	239^†	165^†	311
Amortization of subordinated debt issuance costs	39^†	38^†	37^†	38	38^†	38^†	38^†	37
Gain on proceeds from company-owned life insurance	0^†	0^†	—	—	0^†	0^†	—	—
Effect of changes in:
Accrued interest receivable and other assets	(1,236)^†	582^†	(10,070)^†	3,388	3,842^†	(3,725)^†	(934)^†	4,861
Accrued interest payable and other liabilities	4,773^†	2,330^†	10,313^†	(542)	69^†	(2,568)^†	1,528^†	(8,222)
Net cash provided by operating activities	19,972^†	18,867^†	8,004^†	14,832	15,819^†	5,305^†	10,509^†	7,338
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of securities available-for-sale	(206,920)^†	(137,017)^†	(59,975)^†	(151,801)	(30,263)^†	0^†	—	—
Maturities/paydowns/calls of securities available-for-sale	23,825^†	35,538^†	127,097^†	39,687	11,556^†	40,239^†	133,673^†	39,596
Maturities/paydowns/calls of securities held-to-maturity	14,917^†	16,218^†	15,320^†	13,144	13,968^†	16,686^†	14,840^†	14,072
Net change in loans	(71,421)^†	(46,966)^†	(47,580)^†	4,812	(81,898)^†	(30,731)^†	(44,096)^†	14,022
Changes in FHLB stock and other investments	(2)^†	(3)^†	(3)^†	(4)	(3)^†	(4)^†	(5)^†	(4)
Purchase of premises and equipment	—	—	—	21,000	—	—	—	—
Proceeds from redemption of company-owned life insurance	0^†	0^†	—	—	(1)^†	1^†	—	—
Purchase of premises and equipment	(119)^†	28^†	—	—	(106)^†	(436)^†	(653)^†	(429)
Net cash (used in) provided by investing activities	(239,720)^†	(132,202)^†	34,552^†	(94,141)	(86,747)^†	25,755^†	104,353^†	67,257
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits	126,540^†	149,212^†	(55,934)^†	(136,763)	90,498^†	284,923^†	(50)^†	66,202
Exercise of stock options	461^†	177^†	28^†	986	212^†	35^†	58^†	385
Payment of cash dividends	(7,967)^†	(7,967)^†	(7,996)^†	(7,987)	(7,969)^†	(7,968)^†	(7,969)^†	(7,952)
Repurchase shares of the Company common stock	0^†	(2,137)^†	—	—	0^†	0^†	—	—
Net cash provided by (used in) financing activities	119,034^†	139,285^†	(65,814)^†	(143,764)	82,741^†	276,990^†	(7,961)^†	58,635
Net increase (decrease) in cash and cash equivalents	(100,714)^†	25,950^†	(23,258)^†	(223,073)	11,813^†	308,050^†	106,901^†	133,230
Cash and cash equivalents, beginning of period	747,742	721,792	745,050	968,123	956,310	648,260	541,359	408,129
Cash and cash equivalents, end of period	647,028	747,742	721,792	745,050	968,123	956,310	648,260	541,359
Supplemental disclosures of cash flow information:
Interest paid	17,613^†	16,622^†	18,966^†	18,875	21,097^†	20,549^†	19,241^†	16,350
Income taxes paid, net	7,380^†	3,235^†	—	—	877^†	2,645^†	—	—
Supplemental schedule of non-cash activity:
Transfer of loans held-for-sale to loan portfolio	—	—	—	738,000	—	—	—	—
Recording of right of use assets in exchange for lease obligations	0^†	0^†	—	—	0^†	0^†	—	—
Transfer of loans held-for-sale to loan portfolio	0^†	0^†	—	—	0^†	0^†	—	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.