Heritage Commerce (HTBK - Free Report) reported $47.59 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 6.4%. EPS of $0.26 for the same period compares to $0.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $47.81 million, representing a surprise of -0.47%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.26.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Heritage Commerce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 52.9% versus the three-analyst average estimate of 52.5%.
- Net Interest Margin [%]: 3.6% versus 3.7% estimated by three analysts on average.
- Total Non-Performing - Loan: $5.48 million compared to the $6.28 million average estimate based on two analysts.
- Average Balances-Interest earning assets: $5.05 billion versus $4.96 billion estimated by two analysts on average.
- Total Non-Performing - Assets: $5.48 million compared to the $6.28 million average estimate based on two analysts.
- Net Interest Income: $45.37 million versus the three-analyst average estimate of $45.68 million.
- Total Non Interest Income: $2.22 million compared to the $2.13 million average estimate based on three analysts.
- Gain on sale of SBA loans: $0.21 million versus $0.20 million estimated by two analysts on average.
- Net Interest Income (FTE): $45.43 million versus the two-analyst average estimate of $45.55 million.
View all Key Company Metrics for Heritage Commerce here>>>Shares of Heritage Commerce have returned -3.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Heritage Commerce (HTBK - Free Report) reported $47.59 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 6.4%. EPS of $0.26 for the same period compares to $0.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $47.81 million, representing a surprise of -0.47%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.26.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Heritage Commerce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 52.9% versus the three-analyst average estimate of 52.5%.
- Net Interest Margin [%]: 3.6% versus 3.7% estimated by three analysts on average.
- Total Non-Performing - Loan: $5.48 million compared to the $6.28 million average estimate based on two analysts.
- Average Balances-Interest earning assets: $5.05 billion versus $4.96 billion estimated by two analysts on average.
- Total Non-Performing - Assets: $5.48 million compared to the $6.28 million average estimate based on two analysts.
- Net Interest Income: $45.37 million versus the three-analyst average estimate of $45.68 million.
- Total Non Interest Income: $2.22 million compared to the $2.13 million average estimate based on three analysts.
- Gain on sale of SBA loans: $0.21 million versus $0.20 million estimated by two analysts on average.
- Net Interest Income (FTE): $45.43 million versus the two-analyst average estimate of $45.55 million.
View all Key Company Metrics for Heritage Commerce here>>>Shares of Heritage Commerce have returned -3.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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