For the quarter ended December 2024, Heritage Commerce (HTBK) reported income of $46.37 million, up 4.8% over the identical interval final yr. EPS got here in at $0.17, in comparison with $0.22 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $43.56 million, representing a shock of +6.46%. The corporate delivered an EPS shock of -5.56%, with the consensus EPS estimate being $0.18.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s worth efficiency.
Right here is how Heritage Commerce carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Internet Curiosity Margin: 3.3% versus the three-analyst common estimate of three.2%.
- Effectivity Ratio: 65.4% versus 63.3% estimated by three analysts on common.
- Whole Non-Performing – Mortgage: $7.67 million versus $7.40 million estimated by two analysts on common.
- Whole Non-Performing – Belongings: $7.67 million versus the two-analyst common estimate of $7.65 million.
- Common Balances-Curiosity incomes belongings: $5.27 billion versus $5.17 billion estimated by two analysts on common.
- Whole Non Curiosity Revenue: $2.19 million versus $2.24 million estimated by three analysts on common.
- Internet Curiosity Revenue: $44.19 million versus $41.32 million estimated by three analysts on common.
- Internet Curiosity Revenue (FTE): $44.24 million in comparison with the $42.11 million common estimate based mostly on two analysts.
- Acquire on sale of SBA loans: $0.13 million versus $0.10 million estimated by two analysts on common.
View all Key Company Metrics for Heritage Commerce here>>>
Shares of Heritage Commerce have returned -4.6% over the previous month versus the Zacks S&P 500 composite’s +2.7% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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Heritage Commerce Corp (HTBK) : Free Stock Analysis Report
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