Here's What Key Metrics Tell Us About Heritage Commerce (HTBK) Q4 Earnings

Core Insights - Heritage Commerce (HTBK) reported revenue of $46.37 million for the quarter ended December 2024, reflecting a year-over-year increase of 4.8% and exceeding the Zacks Consensus Estimate of $43.56 million by 6.46% [1] - The company's EPS was $0.17, down from $0.22 in the same quarter last year, resulting in an EPS surprise of -5.56% compared to the consensus estimate of $0.18 [1] Financial Performance Metrics - Net Interest Margin was reported at 3.3%, surpassing the average estimate of 3.2% from three analysts [4] - The Efficiency Ratio stood at 65.4%, higher than the estimated 63.3% by three analysts [4] - Total Non-Performing Loans were $7.67 million, slightly above the estimated $7.40 million from two analysts [4] - Total Non-Performing Assets were also $7.67 million, in line with the average estimate of $7.65 million from two analysts [4] - Average Balances of Interest-Earning Assets were $5.27 billion, exceeding the estimate of $5.17 billion from two analysts [4] - Total Non-Interest Income was $2.19 million, below the estimated $2.24 million from three analysts [4] - Net Interest Income was reported at $44.19 million, above the estimated $41.32 million from three analysts [4] - Net Interest Income (FTE) was $44.24 million, compared to the average estimate of $42.11 million from two analysts [4] - Gain on Sale of SBA Loans was $0.13 million, exceeding the estimated $0.10 million from two analysts [4] Stock Performance - Heritage Commerce shares have returned -4.6% over the past month, contrasting with the Zacks S&P 500 composite's increase of +2.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]