Heritage Commerce Corp Reports Strong Q3 Earnings Growth

Heritage Commerce ( (HTBK) ) has released its Q3 earnings. Here is a breakdown of the information Heritage Commerce presented to its investors.

Heritage Commerce Corp, a bank holding company headquartered in San Jose, California, operates through its subsidiary, Heritage Bank of Commerce, providing a range of financial services with a focus on commercial banking.

In its latest earnings report, Heritage Commerce Corp announced a significant increase in earnings per share (EPS) for the third quarter of 2025, driven by strong core business momentum and effective operating leverage. The company reported a net income of $14.7 million, translating to a diluted EPS of $0.24, marking a substantial improvement from the previous quarter and the same period last year.

Key financial highlights include a 5% increase in total revenue to $50 million and a 44% rise in pre-provision net revenue (PPNR) to $21 million. The company’s net interest margin improved to 3.60%, and the efficiency ratio decreased to 58.05%, reflecting better cost management. Heritage Commerce also reported growth in loans and deposits, with a 1% increase in loans held-for-investment and a 3% rise in total deposits.

The company’s asset quality showed improvement, with nonperforming assets reducing to 0.07% of total assets. Heritage Commerce maintained strong capital reserves, with a total capital ratio of 15.4% and a tangible common equity ratio of 9.67%. The company also announced an increase in its share repurchase program, doubling the authorization to $30 million.

Looking ahead, Heritage Commerce Corp remains focused on expanding its market share and client base while maintaining sound financial health. The company’s management expressed confidence in its strategic direction, aiming for sustained, high-quality financial results and continued support for its community, colleagues, and shareholders.