Heritage Commerce (HTBK) Lags Q1 Earnings and Revenue Estimates

Heritage Commerce (HTBK) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.53%. A quarter ago, it was expected that this holding company for Heritage Bank of Commerce would post earnings of $0.24 per share when it actually produced earnings of $0.22, delivering a surprise of -8.33%. ...