Heritage Commerce (HTBK) reported $42.16 million in income for the quarter ended September 2024, representing a year-over-year decline of 11.4%. EPS of $0.17 for a similar interval compares to $0.26 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $43.14 million, representing a shock of -2.28%. The corporate has not delivered EPS shock, with the consensus EPS estimate being $0.17.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue 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.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s value efficiency extra precisely.
Right here is how Heritage Commerce carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Effectivity Ratio: 65.4% versus the three-analyst common estimate of 63.5%.
- Internet Curiosity Margin [%]: 3.2% versus the three-analyst common estimate of three.3%.
- Whole Non-Performing – Mortgage: $7.16 million versus $5.87 million estimated by two analysts on common.
- Common Balances-Curiosity incomes property: $5.01 billion versus $4.95 billion estimated by two analysts on common.
- Whole Non-Performing – Belongings: $7.16 million versus $6.12 million estimated by two analysts on common.
- Internet Curiosity Revenue: $39.92 million versus $40.96 million estimated by three analysts on common.
- Whole Non Curiosity Revenue: $2.24 million versus the three-analyst common estimate of $2.22 million.
- Achieve on sale of SBA loans: $0.09 million in comparison with the $0.12 million common estimate primarily based on two analysts.
- Internet Curiosity Revenue (FTE): $39.97 million in comparison with the $40.77 million common estimate primarily based on two analysts.
View all Key Company Metrics for Heritage Commerce here>>>
Shares of Heritage Commerce have returned -0.2% over the previous month versus the Zacks S&P 500 composite’s +1.5% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with 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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