Heritage Commerce (HTBK) Reports Q1 Earnings: What Key Metrics Have to Say

Heritage Commerce (HTBK) reported $42.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 19%. EPS of $0.17 for the same period compares to $0.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $43.83 million, representing a surprise of -3.86%. The company delivered an EPS surprise of -10.53%, with the consensus EPS estimate being $0.19.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...