Heritage Commerce

Heritage Commerce, through its subsidiary Heritage Bank of Commerce, provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. Heritage Commerce offers a range of deposit products for business banking and retail markets, including checking accounts, savings accounts, demand deposits, money market accounts, and time deposits. The Company also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes.

Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
1994
Size (employees)
282 (est)
Heritage Commerce was founded in 1994 and is headquartered in San Jose, US

Heritage Commerce Office Locations

Heritage Commerce has offices in San Jose, Danville, Fremont, Gilroy and in 7 other locations
San Jose, US (HQ)
150 Almaden Blvd
Fremont, US
3137 Stevenson Blvd
Hollister, US
102a 351 Tres Pinos Rd
Los Gatos, US
15575 Los Gatos Blvd
Morgan Hill, US
18625 Sutter Blvd
Sunnyvale, US
150 333 W El Camino Real
Show all (11)

Heritage Commerce Financials and Metrics

Heritage Commerce Financials

Heritage Commerce's revenue was reported to be $106.1 m in FY, 2016
USD

Revenue (Q2, 2017)

28.4 m

Gross profit (Q2, 2017)

27.2 m

Gross profit margin (Q2, 2017), %

96%

Net income (Q2, 2017)

7.4 m

EBIT (Q2, 2017)

25 m

Market capitalization (16-Feb-2018)

620.7 m

Cash (30-Jun-2017)

266 m
Heritage Commerce's current market capitalization is $620.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

60 m67 m87.7 m106.1 m

Revenue growth, %

12%31%21%

Cost of goods sold

2.4 m3.2 m

Gross profit

85.3 m102.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

20.3 m22.4 m25.7 m27.2 m26.2 m27 m28.4 m

Cost of goods sold

533 k623 k758 k760 k826 k871 k1.2 m

Gross profit

19.8 m21.7 m24.9 m26.4 m25.4 m26.1 m27.2 m

Gross profit Margin, %

97%97%97%97%97%97%96%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

112.6 m122.4 m344.1 m266.1 m

PP&E

7.2 m7.5 m7.8 m7.5 m

Goodwill

13 m45.7 m45.7 m

Total Assets

1.5 b1.6 b2.4 b2.6 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

41.9 m85 m49.4 m154.1 m151.8 m131.3 m392.9 m143.1 m158.8 m344.4 m287.8 m266 m

PP&E

7.4 m7.2 m7.2 m7.4 m7.3 m7.2 m7.5 m7.6 m7.5 m7.6 m7.5 m7.6 m

Goodwill

13.1 m13.1 m44.9 m45.7 m45.7 m45.7 m45.7 m45.7 m

Total Assets

1.4 b1.5 b1.5 b1.6 b1.7 b1.7 b2.3 b2.3 b2.4 b2.5 b2.6 b2.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

11.5 m13.4 m16.5 m27.4 m

Depreciation and Amortization

729 k725 k685 k763 k

Cash From Operating Activities

16.3 m19.4 m28.5 m25.9 m

Cash From Investing Activities

(72.8 m)(74.6 m)(68.5 m)(287.6 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

8.2 m3.1 m6.4 m9.8 m4.1 m8.6 m12.1 m6.1 m13.4 m20.2 m6.5 m14 m

Depreciation and Amortization

539 k177 k353 k539 k186 k366 k527 k169 k361 k565 k190 k385 k

Cash From Operating Activities

8.1 m5.3 m9.4 m11.8 m1.3 m7.2 m16 m8 m14.9 m18.2 m12.4 m17.1 m

Cash From Investing Activities

(45.5 m)(7.4 m)(51.7 m)(21.9 m)(4.7 m)(52.1 m)92.5 m(168.8 m)(202 m)(161.2 m)(55.2 m)(162 m)
USDY, 2017

Revenue/Employee

105.6 k

Financial Leverage

10.2 x
Show all financial metrics

Heritage Commerce Operating Metrics

Heritage Commerce's Total Loans was reported to be $1.6 b in Q2, 2017
Show all operating metrics

Heritage Commerce Market Value History

Heritage Commerce's Web-traffic and Trends

Heritage Commerce Company Life and Culture

You may also be interested in