Heritage merce p(HTBK) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Heritage Commerce Corp Earns $10.2 Million for the First Quarter of 2024 and Grows Client Deposits by 2% San Jose, CA — April 25, 2024 — Heritage Commerce Corp (Nasdaq: HTBK), (the "Company"), the holding company for Heritage Bank of Commerce (the "Bank"), today announced that its first quarter 2024 net income was$ 10.2 million, or $0.17 per average diluted common share, compared to$ 18.9 million, or $0.31 per average diluted common share, for the first quarter of 2023, and$ 13.3 million, or $0 ...