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 Metrics

Heritage Commerce Corp Financial Metrics

Revenue (2016)

$94.4 m

Revenue growth (2015-16), %

20%

Gross profit

$91.2 m

Gross profit margin (2016), %

97%

Net income (2016)

$27.4 m

Market capitalization (21-Mar-2017)

$523.3 m

Closing share price (21-Mar-2017)

$13.9

Cash (31-Dec-2016)

$266.1 m
Heritage Commerce Corp's current market capitalization is $523.3 m.
Heritage Commerce Corp's revenue was reported to be $94.4 m in FY, 2016 which is a 19.9% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$60 m$67 m$78.7 m$94.4 m

Revenue growth, %

12%18%20%

Cost of goods sold

$2.4 m$3.2 m

Gross profit

$76.3 m$91.2 m

Gross profit Margin, %

97%97%

Operating expense total

$40.5 m$44.2 m$58.7 m$57.6 m

EBIT

$51 m$57.4 m$76.3 m$90 m

EBIT margin, %

85%86%97%95%

Interest expense

$2.6 m$2.2 m

Pre tax profit

$17.7 m$21 m$26.6 m$44 m

Income tax expense

$6.2 m$7.5 m$10.1 m$16.6 m

Net Income

$11.5 m$13.4 m$16.5 m$27.4 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$112.6 m$122.4 m$344.1 m$266.1 m

Accounts Receivable

Inventories

PP&E

$7.2 m$7.5 m$7.8 m$7.5 m

Goodwill

$13 m$45.7 m$45.7 m

Total Assets

$1.5 b$1.6 b$2.4 b$2.6 b

Accounts Payable

Retained Earnings

$25.3 m$33 m$38.8 m$52.5 m

Total Equity

$173.4 m$184.4 m$245.4 m$259.9 m

Financial Leverage

8.6 x8.8 x9.6 x9.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$11.5 m$13.4 m$16.5 m$27.4 m

Depreciation and Amortization

$729 k$725 k$685 k$763 k

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$16.3 m$19.4 m$28.5 m$25.9 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 m$261.7 m$183.7 m

Interest Paid

$2.7 m$2.2 m$2.4 m$3.2 m

Income Taxes Paid

$2 m$4.3 m$6.9 m$16.5 m

Heritage Commerce Corp Market Value History

Heritage Commerce Corp Company Life

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