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.

Type
Public
HQ
San Jose, US
Founded
1994
Size (employees)
263 (est)-1%
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 $94.4 m in FY, 2016 which is a 20% increase from the previous period.
$, USD

Revenue (FY, 2016)

94.4 m

Revenue growth (FY, 2015 - FY, 2016), %

20%

Gross profit (FY, 2016)

91.2 m

Gross profit margin (FY, 2016), %

97%

Net income (FY, 2016)

27.4 m

EBIT (FY, 2016)

90 m

Market capitalization (23-Jun-2017)

494.9 m

Closing share price (23-Jun-2017)

13.1

Cash (31-Dec-2016)

266.1 m
Heritage Commerce Corp's current market capitalization is $494.9 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%

Operating expense total

40.5 m44.2 m58.7 m57.6 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
$, 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

Retained Earnings

25.3 m33 m38.8 m52.5 m

Total Equity

173.4 m184.4 m245.4 m259.9 m

Financial Leverage

8.6 x8.8 x9.6 x9.9 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
$, USDY, 2016

Revenue/Employee

352.4 k

Financial Leverage

9.9 x

Heritage Commerce Corp Market Value History

Heritage Commerce Corp Company Life and Culture

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