Heritage Commerce Reports 15% Q2 Growth

Heritage Commerce (NASDAQ:HTBK), a bank focused on serving small and medium-sized businesses in the San Francisco Bay and Silicon Valley, announced its earnings for Q2 2025 on July 24, 2025. The headline news was its adjusted (non-GAAP) earnings per share of $0.21, which topped analyst estimates of $0.19 in Q2 2025. GAAP revenue of $47.8 million also came in ahead of the $47.3 million expectation in Q2 2025. However, a large legal settlement charge pushed net income to $6.4 million, down 31% from the second quarter of the prior year. Overall, the quarter reflected solid operating momentum in lending and margins, but also exposed some persistent risks and charges below the surface. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Heritage Commerce is a regional bank based in California, operating seventeen full-service branches centered around the Bay Area and Silicon Valley. Its main clients are local small and medium-sized businesses that rely on commercial lending, cash management, and deposit services. The bank's community approach lets it tailor services while maintaining close relationships with customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool