Heritage Commerce Corp

Based in the heart of Silicon Valley, Heritage Commerce Corp is the parent company of Heritage Bank of Commerce established in 1994. Heritage Bank of Commerce with offices in San Jose, Danville, Fremont, Gilroy, Los Altos, Los Gatos, Morgan Hill, Pleasanton, Sunnyvale, and Walnut Creek offers a full array of business and personal banking services and products to the communities they serve.

Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
1994
Size (employees)
269 (est)+3%
Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, US

Heritage Commerce Corp Office Locations

Heritage Commerce Corp has an office in San Jose
San Jose, US (HQ)
150 Almaden Blvd

Heritage Commerce Corp Data and Metrics

Heritage Commerce Corp Financial Metrics

Heritage Commerce Corp's revenue was reported to be $27 m in Q1, 2017
USD

Revenue (Q1, 2017)

27 m

Gross profit (Q1, 2017)

26.1 m

Gross profit margin (Q1, 2017), %

97%

Net income (Q1, 2017)

6.5 m

EBIT (Q1, 2017)

23.5 m

Market capitalization (18-Aug-2017)

506 m

Cash (31-Mar-2017)

287.8 m
Heritage Commerce Corp's current market capitalization is $506 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

60 m67 m78.7 m94.4 m

Revenue growth, %

12%18%20%

Cost of goods sold

2.4 m3.2 m

Gross profit

76.3 m91.2 m

Gross profit Margin, %

97%97%

Sales and marketing expense

34.7 m

General and administrative expense

4.4 m

Operating expense total

39 m

EBIT

51 m57.4 m76.3 m90 m

EBIT margin, %

85%86%97%95%

Interest expense

2.6 m2.2 m

Pre tax profit

17.7 m21 m26.6 m44 m

Income tax expense

6.2 m7.5 m10.1 m16.6 m

Net Income

11.5 m13.4 m16.5 m27.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Cost of goods sold

533 k623 k758 k760 k826 k871 k

Gross profit

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

Gross profit Margin, %

97%97%97%97%97%97%

Sales and marketing expense

7.7 m10.4 m8.9 m8.7 m8.4 m9.5 m

R&D expense

236 k411 k

General and administrative expense

1 m1.1 m1.1 m1.1 m1.1 m1.1 m

EBIT

17.6 m20 m21.9 m22.4 m22.8 m23.5 m

EBIT margin, %

87%89%85%82%87%87%

Pre tax profit

7.2 m5.6 m9.8 m11.7 m10.8 m10.5 m

Net Income

6.4 m9.8 m4.1 m8.6 m12.1 m6.1 m13.4 m20.2 m6.5 m
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

Accounts Payable

2.3 b

Total Debt

3 m

Total Liabilities

2.3 b

Retained Earnings

25.3 m33 m38.8 m52.5 m

Total Equity

173.4 m184.4 m245.4 m259.9 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

8.6 x8.8 x9.6 x9.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

49.4 m154.1 m151.8 m131.3 m392.9 m143.1 m158.8 m344.4 m287.8 m

PP&E

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

Goodwill

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

Total Assets

1.5 b1.6 b1.7 b1.7 b2.3 b2.3 b2.4 b2.5 b2.6 b

Accounts Payable

1.3 b1.3 b1.4 b1.4 b2 b2 b2.1 b2.2 b2.3 b

Retained Earnings

29.2 m31 m34.6 m36.5 m37.4 m41.5 m45.4 m48.7 m55.3 m

Total Equity

181.5 m182.9 m186.8 m187 m248 m251.7 m257.5 m261.3 m263.9 m

Financial Leverage

8.2 x8.5 x8.8 x9 x9.1 x9.2 x9.2 x9.7 x10 x
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)

Cash From Financing Activities

(204.4 m)65 m261.7 m183.7 m

Interest Paid

2.7 m2.2 m2.4 m3.2 m

Income Taxes Paid

2 m4.3 m6.9 m16.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

6.4 m9.8 m4.1 m8.6 m12.1 m6.1 m13.4 m20.2 m6.5 m

Depreciation and Amortization

353 k539 k186 k366 k527 k169 k361 k565 k190 k

Cash From Operating Activities

9.4 m11.8 m1.3 m7.2 m16 m8 m14.9 m18.2 m12.4 m

Cash From Investing Activities

(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)

Cash From Financing Activities

(20.9 m)51.5 m32.8 m53.7 m162.1 m(40.1 m)1.8 m143.4 m64.5 m

Interest Paid

1 m1.5 m487 k1.1 m1.7 m741 k1.5 m2.3 m891 k

Income Taxes Paid

2.1 m3.3 m1 m3.9 m6.5 m1.4 m5 m12.1 m3 k
USDY, 2017

Revenue/Employee

102.6 k

Financial Leverage

10 x

Heritage Commerce Corp Market Value History

Traffic Overview of Heritage Commerce Corp

Heritage Commerce Corp Company Life and Culture

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