Heritage Commerce (HTBK) reported $42.14 million in income for the quarter ended March 2024, representing a year-over-year decline of 19%. EPS of $0.17 for a similar interval compares to $0.31 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $43.83 million, representing a shock of -3.86%. The corporate delivered an EPS shock of -10.53%, with the consensus EPS estimate being $0.19.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times 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 challenge a inventory’s worth 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:
- Web Curiosity Margin [%]: 3.3% in comparison with the three.4% common estimate based mostly on three analysts.
- Effectivity Ratio: 65.3% versus the three-analyst common estimate of 60.8%.
- Complete Non-Performing – Mortgage: $7.87 million in comparison with the $8.06 million common estimate based mostly on two analysts.
- Complete Non-Performing – Property: $7.87 million versus $8.06 million estimated by two analysts on common.
- Common Balances-Curiosity incomes belongings: $4.84 billion versus the two-analyst common estimate of $4.98 billion.
- Web Curiosity Revenue: $40.09 million versus the three-analyst common estimate of $41.74 million.
- Complete Non Curiosity Revenue: $2.05 million versus the three-analyst common estimate of $2.09 million.
- Web Curiosity Revenue (FTE): $40.15 million in comparison with the $41.74 million common estimate based mostly on two analysts.
View all Key Company Metrics for Heritage Commerce here>>>
Shares of Heritage Commerce have returned -2% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might 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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