HTBK Income Statement - TTM - Heritage Commerce Corp

Income Statement (TTM)

Heritage Commerce Corp Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	139	139	149	150	155	159	161	168	177	189	200	204	202	191	181	175	169	170	174	180
Change (%)		-0.57	7.41	1.10	3.02	2.53	1.56	4.10	5.18	7.05	5.68	1.97	-1.17	-4.99	-5.24	-3.77	-3.10	0.64	2.25	3.45
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	139	139	149	150	155	159	161	168	177	189	200	204	202	191	181	175	169	170	174	180
Change (%)		-0.57	7.41	1.10	3.02	2.53	1.56	4.10	5.18	7.05	5.68	1.97	-1.17	-4.99	-5.24	-3.77	-3.10	0.64	2.25	3.45
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	63	64	65	66	66	67	66	67	69	70	71	72	71	71	71	73	76	80	81	82
Change (%)		1.43	1.40	2.11	0.33	0.58	-0.92	0.69	2.91	2.04	1.81	0.72	-0.83	-0.66	0.95	2.80	3.29	5.03	1.77	1.25
% of Revenue	45.22	46.13	43.55	43.99	42.84	42.03	41.00	39.66	38.80	36.99	35.63	35.20	35.32	36.93	39.34	42.02	44.80	46.75	46.53	45.54

R&D
Change (%)
% of Revenue

OpEx	86	87	87	88	88	89	89	90	93	95	97	99	100	101	103	106	109	114	116	126
Change (%)		0.82	-0.12	0.95	0.21	0.88	-0.02	1.60	2.85	2.50	2.27	1.86	1.29	0.97	2.11	3.10	2.24	4.42	1.69	8.79
% of Revenue	61.85	62.72	58.32	58.23	56.64	55.73	54.86	53.54	52.36	50.13	48.51	48.46	49.66	52.78	56.87	60.93	64.30	66.71	66.35	69.77

Operating Income	53	52	62	63	67	70	73	78	84	94	103	105	101	90	78	68	60	57	59	54
Change (%)		-2.82	20.08	1.31	6.94	4.69	3.55	7.14	7.87	12.05	9.11	2.09	-3.49	-10.87	-13.46	-12.84	-11.44	-6.17	3.36	-7.07
% of Revenue	38.15	37.28	41.68	41.77	43.36	44.27	45.14	46.46	47.64	49.87	51.49	51.54	50.34	47.22	43.13	39.07	35.70	33.29	33.65	30.23

Interest Expense
Change (%)
% of Revenue

Net Income	29	35	45	43	45	48	49	55	60	67	73	74	72	64	56	49	43	41	42	39
Change (%)		20.22	26.47	-4.04	5.89	5.16	3.48	12.17	7.86	11.44	9.09	2.18	-3.07	-10.39	-13.58	-12.87	-10.90	-6.26	3.60	-6.78
% of Revenue	21.07	25.47	29.99	28.47	29.26	30.01	30.58	32.95	33.79	35.17	36.31	36.38	35.69	33.66	30.69	27.79	25.56	23.80	24.12	21.74

Source: Capital IQ

Heritage Commerce Corp - Income Statement (TTM)

Income Statement (TTM)

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