Compared to Estimates, Heritage Commerce (HTBK) Q3 Earnings: A Look at Key Metrics

Core Insights - Heritage Commerce (HTBK) reported revenue of $50.01 million for the quarter ended September 2025, reflecting an 18.6% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $0.24, up from $0.17 in the same quarter last year, exceeding the consensus estimate of $0.21 by 14.29% [1] Financial Performance - The reported revenue surpassed the Zacks Consensus Estimate of $48.61 million, resulting in a surprise of +2.86% [1] - The efficiency ratio improved to 58.1%, better than the estimated 60.6% [4] - Net interest margin was reported at 3.6%, slightly above the average estimate of 3.5% [4] - Total non-performing loans were $3.66 million, significantly lower than the estimated $7.29 million [4] - Average balances of interest-earning assets were $5.17 billion, close to the estimated $5.18 billion [4] - Total non-performing assets also stood at $3.66 million, compared to the estimated $6.59 million [4] - Net interest income reached $46.79 million, exceeding the average estimate of $46.03 million [4] - Total non-interest income was reported at $3.22 million, higher than the average estimate of $2.62 million [4] - Net interest income (FTE) was $46.84 million, above the average estimate of $46.29 million [4] Stock Performance - Shares of Heritage Commerce have returned -2% over the past month, while the Zacks S&P 500 composite increased by +0.2% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]