HTBK Heritage Commerce Corp featured news, full reports, and detailed charts
Heritage Commerce Corp (HTBK) Wrap Up:
Discussions of certain matters in this Report on Form 10-K may constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project”, “assume,” “plan,” “predict,” “forecast” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, potential future credit experience, perceived opportunities in the market, and statements regarding the Company’s mission and vision. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001053352-08-000014.html#FIS_BUSINESS"www.heritagecommercecorp.com
225 Employees
Founded in 1993
Heritage Commerce Corp. (HTBK:NASDAQ)
LAST $3.90 USD
CHANGE TODAY -0.47 -10.76%
VOLUME 40.4K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Heritage Commerce Corp. (HTBK)
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OPEN
$4.37
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PREVIOUS CLOSE
$4.37
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DAY HIGH
$4.43
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DAY LOW
$3.82
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52 WEEK HIGH
11/26/08 - $13.30
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52 WEEK LOW
11/10/09 - $2.28
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MARKET CAP
46.1M
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AVERAGE VOLUME 3 mo
106.8K
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DILUTED EPS TTM
$-1.08
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SHARES OUTSTANDING
11.8M
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EX-DATE
04/30/09
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P/E TTM
NM
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
HTBK Top Compensated Officers
Mr. Walter T. Kaczmarek
Chief Executive Officer, President, Director,...
Age: 57
Total Annual Compensation: $332.1K
Mr. Lawrence D. McGovern
Chief Financial Officer, Principal Accounting...
Age: 54
Total Annual Compensation: $220.8K
Mr. James A. Mayer
Executive Vice President of East Bay Division
Age: 67
Total Annual Compensation: $230.4K
Mr. William J. Del Biaggio Jr.
Executive Vice President of Marketing & Commu...
Age: 68
Total Annual Compensation: $166.0K
Mr. Raymond Parker
Executive Vice President of Banking Divisions...
Age: 59
Total Annual Compensation: $249.1K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Heritage Commerce Corp. (HTBK)
Heritage Commerce Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
10/23/2009
Heritage Commerce Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
Heritage Commerce Corp. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2009
10/22/2009
Heritage Commerce Corp. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. The company reported a third quarter 2009 net loss allocable to common shareholders of $2.7 million or $0.23 per diluted common share. In the third quarter a year ago, the company reported net income of $2.4 million or $0.21 per diluted common share. Loss before income taxes was $3.9 million compared to income before income taxes of $2.75 million for the same period in 2008. The company reported annualized loss on average equity of 4.67% and annualized loss on average assets of 0.58% compared to annualized return on average equity of 6.78% and annualized return on average assets of 0.65% for the same period a year ago. Net interest income decreased to $11.6 million for the third quarter of 2009 from $13.0 million for the third quarter of 2008 and remained flat compared to the second quarter of 2009. For the first nine months of 2009, net loss allocable to common shareholders was $13.2 million or $1.12 per diluted common share, compared to net income allocable to common shareholders of $1.1 million or $0.09 per diluted common share, for the same period a year ago. Loss before income taxes was $22.4 million compared to income before income taxes of $1.1 million for the same period in 2008. The company reported annualized loss on average equity of 8.43% and annualized loss on average assets of 1.05% compared to annualized return on average equity of 0.95% and annualized return on average assets of 0.10% for the same period a year ago. Net interest income was $34.46 million compared to $39.12 million for the same period in 2008. Book value per share as on September 30, 2009 was $11.44.
Kurt Chambliss Joins Heritage Commerce Corp. as Vice President, SBA Division
08/7/2009
Heritage Commerce Corp. announced that Kurt A. Chambliss has joined its SBA division as Vice President and will be operating out of their Walnut Creek office. Chambliss, a fifteen-year veteran of banking and SBA lending, was previously Vice President and Senior Business Development Officer at Greater Bay Bank, where he was responsible for managing the entire SBA sales process and was the number one producer of 7(a) and 504 loans, in dollars loaned, in 2004 and 2005.
HTBK Competitors
| Company | Last | Change |
| American River Bankshares | $6.90 USD | -0.05 |
| Bank of Commerce Holdings | $5.47 USD | +0.19 |
| Exchange Bank Santa Rosa | $40.25 USD | 0.00 |
| First Northern Community Bancorp | $5.70 USD | 0.00 |
| Heritage Oaks Bancorp | $4.83 USD | +0.29 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | HTBK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.4x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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HTBK |
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HTBK transactions
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| No transactions in the last 6 months. | ||
More Recent News About Heritage Commerce Corp
More news for HTBK
Heritage Commerce Corp to Present at the KBW Community Bank Investor Conference
SAN JOSE, Calif., July 27, 2009 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq:HTBK - News), today announced that it will participate in the Keefe, Bruyette & Woods 10th Annual Community Bank Investor Conference in New York. Walter T. Kaczmarek, President and Chief Executive Officer, and Lawrence D. McGovern, Chief Financial Officer, are scheduled to present on Tuesday, July 28th at 11:00 a.m. The presentation will be archived for 60 days after the conference, and can be viewed at http://www.kbw.com/news/conferences.html. Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose with full-service branches in Los Gatos, Fremont, Danville, Pleasanton, Walnut Creek, Morgan Hill, Gilroy, Mountain View, and Los Altos. Heritage Bank of Commerce is an SBA Preferred Lender with loan production offices in Fresno, Sacramento, Oakland and Santa Rosa, California. For more information, please visit www.heritagecommercecorp.com. Forward Looking Statement Disclaimer Forward-loo...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Sta
Show all filings for HERITAGE COMMERCE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for HERITAGE COMMERCE CORP 24-Jul-2009Results of Operations and Financial Condition, Other Events, Financial Sta Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informat...Click here to read the whole Article (external link)
Kurt Chambliss Joins Heritage Commerce Corp as Vice President, SBA
SAN JOSE, Calif., Aug. 7, 2009 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq:HTBK - News), the parent company of Heritage Bank of Commerce, today announced that Kurt A. Chambliss has joined the bank's SBA division as Vice President and will be operating out of their Walnut Creek office. "Kurt brings a high level of Small Business Administration (SBA) lending and banking knowledge to our team, and we are delighted to have him on board," said Roxann M. Burns, Senior Vice President, SBA Department Manager. "We continue to reach out to the communities we serve, and Kurt will be playing a key role as we develop our East Bay markets and expand our SBA division." The 2009 Recovery Act will have a significant impact on small businesses and is expanding funding for SBA loans. SBA is an important component in addressing the financing needs of business owners, providing specific tools to make it easier and less expensive for small businesses to get loans. As a Preferred SBA Lender, Heritage Bank of Commerce, is able to efficiently underwrite and approve SBA loans, and is actively working in the Bay area to provide credit to local businesses. Formerly with First Republic Bank, Chambliss served as a Senior SBA Lender developing and expanding bank relationships using SBA financing as a lead product, specifically the SBA 7(a) and 504 loan program. Chambliss, a fifteen-year veteran of banking and SBA lending, was previously Vice President and Senior Business Development Officer at Greater Bay Bank, where he was responsible fo...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
ITEM 7.01 REGULATION FD DISCLOSURE. Heritage Bank of Commerce executive management will conduct a 30 minute presentation about the bank at two locations next week: San Jose office on August 12, 2009 at 4:00 p.m. PST and Danville office on August 13, 2009 at 5:30 p.m. PST. A question and answer session will follow the presentation. Shareholders are invited to attend and should RSVP by Monday August 10, 2009 by calling 408.494.4515 or emailing rsvp@herbank.com. Locations Include: San Jose Presentation August 12, 2009 at 4:00 p.m. PST 150 Almaden Boulevard, San Jose, CA 95113 Meeting will be in the kiosk behind main bank entrance Danville Presentation August 13, 2009 at 5:30 p.m. PST 387 Diablo Road, Danville, CA 94526 A copy of the slide presentation to shareholders to be presented on August 12, 2009 and August 13, 2009 by the registrant's executive management is attached as Exhibit 99.1. SAFE HARBOR STATEMENT Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the Company's possible or assumed future financial condition, and its results of operations, business and earnings outlook. These forward-looking statements are subject to risks and uncertainties. A number of factors, some of which are beyond the Company's ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements. These factors include (1) difficult and adverse conditions in the global and domestic capital and credit markets, (2) continued volatility and further deterioration of the capital and credit markets, (3) significant changes in banking laws or regulations, including, without limitation, as a result of the Emergency Economic Stabilization Act and the creation of and possible amendments to the Troubled Asset Relief Program (TARP), including the Capital Purchase Program and relate...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for HERITAGE COMMERCE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for HERITAGE COMMERCE CORP 27-Jul-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is...Click here to read the whole Article (external link)
Heritage Commerce Corp Reports Financial Results for Third Quarter 2009
SAN JOSE, Calif., Oct. 22, 2009 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq:HTBK - News), parent company of Heritage Bank of Commerce, reported today a third quarter 2009 net loss allocable to common shareholders of $2.7 million, or $(0.23) per diluted common share. The third quarter of 2009 reflects a $7.1 million provision for loan losses and $599,000 in dividends and discount accretion on preferred stock. In the third quarter a year ago, the Company reported net income of $2.4 million, or $0.21 per diluted common share. For the first nine months of 2009, net loss allocable to common shareholders was $13.2 million, or $(1.12) per diluted common share, compared to net income of $1.1 million, or $0.09 per diluted common share, for the same period a year ago. "We continue to see strong demand for Small Business Administration loans, and improvement in the secondary market for SBA loans allowed us to sell some of these loans, contributing to our third quarter and year-to-date noninterest income in 2009. We also saw solid sales activity in our residential housing portfolios, resulting in a continued reduction in our land and construction loan portfolio," said Walter Kaczmarek, President and Chief Executive Officer. "Additionally, we have seen our net interest margin improve for the second consecutive quarter and our nonperforming loans remained relatively flat in the third quarter. These factors helped in reducing our loss in the third quarter significantly from the second quarter. Our capital ratios improved and continu...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion provides information about the results of operations, financial condition, liquidity, and capital resources of Heritage Commerce Corp (the "Company) and its wholly owned subsidiary, Heritage Bank of Commerce ("HBC"). This information is intended to facilitate the understanding and assessment of significant changes and trends related to our financial condition and the results of operations. This discussion and analysis should be read in conjunction with our consolidated financial statements and the accompanying notes presented elsewhere in this report. Discussions of certain matters in this Report on Form 10-Q may constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe", "expect", "intend", "anticipate", "estimate", "project", "assume", "plan", "predict", "forecast" or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, potential future credit experience, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors. These factors include (1) d...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Files SEC form 8-K, Other Events
Show all filings for HERITAGE COMMERCE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for HERITAGE COMMERCE CORP 6-Nov-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for t...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
HERITAGE COMMERCE CORP Files SEC form 10-Q, Quarterly Report
ITEM 2-MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion provides information about the results of operations, financial condition, liquidity, and capital resources of Heritage Commerce Corp and its wholly owned subsidiary, Heritage Bank of Commerce. This information is intended to facilitate the understanding and assessment of significant changes and trends related to our financial condition and the results of operations. This discussion and analysis should be read in conjunction with our consolidated financial statements and the accompanying notes presented elsewhere in this report. Unless we state otherwise or the context indicates otherwise, references to the "Company," "Heritage," "we," "us," and "our," in this Report on Form 10-Q refer to Heritage Commerce Corp and Heritage Bank of Commerce. This Report on Form 10-Q contains various statements that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or Exchange Act, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These forward-looking statements often can be, but are not always, identified by the use of words such as "assume," "expect," "intend," "plan," "project," "believe," "estimate," "predict," "anticipate," "may," "might," "should," "could," "goal," "potential" and similar expressions. We base these forward-looking statements on our current expectations and projections about future ...Click here to read the whole Article (external link)
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