Heritage merce p(HTBK) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Heritage Commerce Corp Reports Client Deposit Growth of 6% in the Third Quarter of 2024 San Jose, CA — October 24, 2024 — Heritage Commerce Corp (Nasdaq: HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its third quarter 2024 net income was $10.5 million, or$0.17 per average diluted common share, compared to $9.2 million, or$0.15 per average diluted common share, for the second quarter of 2024, and $15.8 million, or$0.26 per average ...