heritage commerce corp (HTBK) Key Developments
Heritage Commerce Corp. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015
Apr 23 15
Heritage Commerce Corp. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported interest income of $17,366,000 against $13,855,000 a year ago. Income before income taxes was $6,568,000 against $4,815,000 a year ago. Net income available to common shareholders was $3,690,000 or $0.13 per basic and diluted share against $2,852,000 or $0.10 per basic and diluted share a year ago. Book value per share as on March 31, 2015 was $6.31 against $5.96 a year ago. Tangible book value per share as on March 31, 2015 was $5.70 against $5.91 a year ago. Annualized return on average equity was 9.04% against 7.10% a year ago. Annualized return on average tangible equity was 9.89% against 7.16% a year ago. Annualized return on average assets was 1.03% against 0.86% a year ago. Annualized return on average tangible assets was 1.04% against 0.86% a year ago. As a result of growth in the loan portfolio, contribution to revenue from a full quarter of operations from Bay View Funding, and increases in core deposits, net interest income increased 26% for the first quarter of 2015.
Focus Business Bank, Heritage Bank of Commerce, Heritage Commerce Corp. - M&A Call
Apr 23 15
To discuss Heritage Commerce Corp. acquisition of Focus Business Bank by merging Focus Business Bank with and into Heritage Bank of Commerce
Heritage Commerce Corp Declares Quarterly Cash Dividend on Common Stock and Series C Preferred Stock, Payable on May 28, 2015
Apr 23 15
Heritage Commerce Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share to holders of common stock and Series C Preferred Stock (on an as converted basis). The dividend will be payable on May 28, 2015, to shareholders of record on May 14, 2015.
Heritage Commerce Corp., Annual General Meeting, May 21, 2015
Apr 1 15
Heritage Commerce Corp., Annual General Meeting, May 21, 2015., at 13:00 Pacific Daylight. Location: 150 Almaden Boulevard. Agenda: To elect eleven members of the board of directors, each for a term of one year; to approve an advisory proposal on the company's executive compensation; to ratify the selection of Crowe Horwath LLP as the company's independent registered public accounting firm for the year ending December 31, 2015; and to transact such other business as may properly come before the meeting, and any adjournment or postponement.
Heritage Commerce Corp. Presents at D.A. Davidson 17th Annual Financial Services Conference, May-13-2015 08:35 AM
Mar 30 15
Heritage Commerce Corp. Presents at D.A. Davidson 17th Annual Financial Services Conference, May-13-2015 08:35 AM. Venue: Embassy Suites Denver - Downtown/Convention Center, 1420 Stout Street, Denver, CO 80202, United States. Speakers: Walter T. Kaczmarek, Chief Executive Officer, President, Director, Member of Finance & Investment Committee, Member of Strategic Issues Committee, Chief Executive Officer of Heritage Bank of Commerce, President of Heritage Bank of Commerce and Director of Heritage Bank of Commerce.