Heritage Commerce (HTBK) Misses Q4 Earnings Estimates

Group 1 - Heritage Commerce (HTBK) reported quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share, and down from $0.22 per share a year ago, representing an earnings surprise of -5.56% [1] - The company posted revenues of $46.37 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.46%, compared to year-ago revenues of $44.24 million [2] - Heritage Commerce shares have underperformed the market, losing about 2.8% since the beginning of the year, while the S&P 500 gained 3.5% [3] Group 2 - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $43.16 million, and for the current fiscal year, it is $0.72 on revenues of $180.02 million [7] - The Zacks Industry Rank for Banks - West is currently in the top 32% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]