Heritage Commerce (HTBK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Heritage Commerce (HTBK) reported revenue of $46.06 million for the quarter ended March 2025, reflecting a year-over-year increase of 9.3% [1] - The earnings per share (EPS) for the quarter was $0.19, up from $0.17 in the same quarter last year, with an EPS surprise of +5.56% compared to the consensus estimate of $0.18 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $46.2 million, resulting in a revenue surprise of -0.31% [1] Financial Performance Metrics - Efficiency Ratio was reported at 64%, slightly better than the estimated 64.3% [4] - Net Interest Margin remained stable at 3.4%, matching the average estimate [4] - Total Non-Performing Loans were $6.31 million, significantly lower than the estimated $8.39 million [4] - Average Balances of Interest Earning Assets were $5.19 billion, below the estimated $5.34 billion [4] - Total Non-Performing Assets were also reported at $6.31 million, compared to the estimated $8.39 million [4] - Net Interest Income was $43.36 million, slightly below the average estimate of $43.93 million [4] - Total Non-Interest Income was reported at $2.70 million, exceeding the estimated $2.27 million [4] - Gain on Sale of SBA Loans was $0.10 million, below the estimated $0.14 million [4] - Net Interest Income (FTE) was $43.42 million, compared to the average estimate of $44.02 million [4] Stock Performance - Shares of Heritage Commerce have returned -6% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]