Heritage Commerce Corp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Heritage Commerce Corp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 1% to $191,473,000. Profit margin reached 34%. Total operating expenses were $70,702,000.
Profit Margin
| 2014 | 64.84M | 13.42M | 20.71% |
|---|---|---|---|
| 2015 | 85.30M | 16.49M | 19.34% |
| 2016 | 102.84M | 27.38M | 26.62% |
| 2017 | 111.13M | 23.95M | 21.55% |
| 2018 | 131.59M | 35.33M | 26.85% |
| 2019 | 142.05M | 40.46M | 28.48% |
| 2020 | 151.81M | 35.29M | 23.25% |
| 2021 | 155.81M | 47.7M | 30.61% |
| 2022 | 189.99M | 66.55M | 35.03% |
| 2023 | 191.47M | 64.44M | 33.66% |
HTBK Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 191.47M | 189.99M | 155.81M | 151.81M | 142.05M | 131.59M | 111.13M | 102.84M | 85.30M | 64.84M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.02M | 760K |
Gross profit | 191.47M | 189.99M | 155.81M | 151.81M | 142.05M | 131.59M | 111.13M | 102.84M | 84.28M | 64.08M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 66.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 70.70M | 5.01M | -89.94M | -102.74M | -85.74M | -75.12M | 2.98M | 3.47M | 1.82M | 1.89M |
Operating income | 90.41M | 103.31M | 65.87M | 49.06M | 56.31M | 56.47M | 55.68M | 47.18M | 29.02M | 23.11M |
Other income (expenses), net | 0 | -8.94M | 65.87M | -25.58M | 56.31M | -7.82M | -17.45M | -3.21M | -20.28M | -12.02M |
Income before tax | 90.41M | 94.36M | 65.87M | 49.06M | 56.31M | 48.65M | 50.50M | 43.96M | 26.60M | 20.96M |
Income tax expense | 25.97M | 27.81M | 18.17M | 13.76M | 15.85M | 13.32M | 26.54M | 16.58M | 10.10M | 7.53M |
Net income | 64.44M | 66.55M | 47.7M | 35.29M | 40.46M | 35.33M | 23.95M | 27.38M | 16.49M | 13.42M |
Earnings per share | ||||||||||
Basic EPS | 1.06 | 1.1 | 0.79 | 0.59 | 0.87 | 0.85 | 0.63 | 0.81 | 0.58 | 0.51 |
Diluted EPS | 1.05 | 1.09 | 0.79 | 0.59 | 0.84 | 0.84 | 0.62 | 0.8 | 0.57 | 0.51 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |