Heritage Commerce Corp Earns $18.9 Million for the First Quarter of 2023; Total Deposits Stable

April 27, 2023

https://www.globenewswire.com/news-release/2023/04/27/2656977/9687/en/Heritage-Commerce-Corp-Earns-18-9-Million-for-the-First-Quarter-of-2023-Total-Deposits-Stable.html

SAN JOSE, Calif., April 27, 2023 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced first quarter 2023 net income increased 47% to $18.9 million, or $0.31 per average diluted common share, compared to $12.9 million, or $0.21 per average diluted common share, for the first quarter of 2022, and decreased (9%) from $20.8 million, or $0.34 per average diluted common share, for the fourth quarter of 2022. All results are unaudited.

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