Heritage Commerce Corp

NASDAQ HTBK

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Heritage Commerce Corp Net Operating Profit After Tax (NOPAT) 1 year YoY Change (%) for the quarter ending March 31, 2024: -99.96%

Heritage Commerce Corp Net Operating Profit After Tax (NOPAT) 1 year YoY Change (%) is -99.96% for the quarter ending March 31, 2024, a -260.82% change year over year. Net Operating Profit After Taxes (NOPAT) is a financial metric that represents a company's operating profit after deducting taxes. It is calculated by multiplying the earnings before interest and taxes (EBIT) by (1 - tax rate). NOPAT provides insights into the company's profitability from its core operations while accounting for the impact of taxes. It is useful for assessing the company's operating performance and comparing profitability across different tax environments. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Heritage Commerce Corp Net Operating Profit After Tax (NOPAT) for the quarter ending March 31, 2023 was 23,908,225.30, a 62.15% change year over year.
  • Heritage Commerce Corp Net Operating Profit After Tax (NOPAT) for the quarter ending March 31, 2022 was 14,744,138.59, a 11.62% change year over year.
  • Heritage Commerce Corp Net Operating Profit After Tax (NOPAT) for the quarter ending March 31, 2021 was 13,209,275.71, a 213.54% change year over year.
  • Heritage Commerce Corp Net Operating Profit After Tax (NOPAT) for the quarter ending March 31, 2020 was 4,212,993.04, a -70.83% change year over year.
NASDAQ: HTBK

Heritage Commerce Corp

CEO Mr. Robertson Jones
IPO Date July 30, 1998
Location United States
Headquarters 224 Airport Parkway, San Jose, CA, United States, 95110
Employees 351
Sector Financial Services
Industry Banks - regional
Description

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

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StockViz Staff

September 19, 2024

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