Heritage Commerce Corp Third-Quarter Net Income Rises 40% to $14.7 Million
Reuters
Oct 24
<a href="https://laohu8.com/S/HTBK">Heritage Commerce Corp</a> Third-Quarter Net Income Rises 40% to $14.7 Million
Heritage Commerce Corporation reported net income of $14.7 million for the third quarter of 2025. Total revenue for the quarter was $50.0 million, representing a 5% increase from the previous quarter and a 19% increase year-over-year. The company's pre-provision net revenue was $21.0 million, up 44% from $14.6 million in the same period last year. The cost of funds decreased to 1.54% from 1.57% in the previous quarter and from 1.88% year-over-year. The efficiency ratio for the quarter was 58.05%. During the second and third quarters of 2025, the company repurchased 439,187 shares of its common stock at a weighted average price of $9.22 per share, totaling $4.0 million. The remaining capacity under the share repurchase program was $26 million as of September 30, 2025.
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