profit from every $100 of sales.
$0$100
Heritage Commerce
We have no price for Heritage Commerce since 21 April 2026. It may have been taken over, merged or renamed, so the figures below are from then.
$13.45+0.00% today
+39.7% since Oct 13, 25
1-year low $9.421-year high $13.70
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $17.32 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Heritage Commerce sold, what it kept, and what it did with the cash.
Sales went from $190 million in 2022 to $197 million in 2025, with $47.8 million of profit last year.
SalesProfit
Heritage Commerce handed back 59% of the cash it generated last year.
$32M
Free cash flow 2025$61M
Bought back its own shares$4M
Paid as dividends$32M
Cash vs. debt$647M vs. $40M
Heritage Commerce vs. similar companies
Heritage Commerce grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Heritage Commerce | 17.3× · Fair price | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Heritage Commerce's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 190 | 192 | 172 | 197 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 67 | 64 | 41 | 48 | |
| 1.09 | 1.05 | 0.66 | – | |
| – | – | – | – | |
| – | – | – | – | |
| 35.0% | 33.5% | 23.5% | 24.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,158 | 5,194 | 5,645 | 5,765 |
| Cash | 307 | 408 | 968 | 647 |
| Total debt | 39 | 40 | 40 | 40 |
| Total liabilities | 4,525 | 4,521 | 4,955 | 5,056 |
| 632 | 673 | 690 | 709 | |
| 61 | 61 | 62 | – | |
| – | – | – | – | |
| 10.5% | 9.6% | 5.9% | 6.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 70 | 73 | 39 | 62 | |
| 1 | 2 | 2 | 0 | |
| 69 | 71 | 37 | 61 | |
| Dividends paid | 31 | 32 | 32 | 32 |
| – | 0 | 0 | 4 | |
| 3 | 2 | 3 | 2 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 17.3×
- –
- –
- –
- 4.2×
- 5.8%
- 3.9%
Profitability
- 24.2%
- –
- –
- –
- –
Growth
- +1.3%
- –
- +0.0%
- –
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 33%of 880
Bottom 25%of 878
Top 42%of 932
What analysts expect
- Average price target
- $14.50
- Range
- $14.50 – $14.50
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Jan 22, 2026 | 0.28 | 0.23 | +21.7% |
| Oct 23, 2025 | 0.24 | 0.21 | +14.3% |
| Jul 24, 2025 | 0.21 | 0.19 | +10.5% |
| Apr 24, 2025 | 0.19 | 0.18 | +5.6% |
| Mar 7, 2025 | 0.17 | – | – |
| Oct 24, 2024 | 0.17 | 0.17 | +0.0% |
| Jul 25, 2024 | 0.15 | 0.18 | −16.7% |
| Apr 25, 2024 | 0.17 | 0.19 | −10.5% |
3.9%of the share price, paid each year
On $1,000 invested$39a year at today's yield, before tax
+0.0%2020 to 2025
Raised–not every year
Paid per share, each year
$0.32 in 2015 → $0.52 in 2025
How safe it looks
66.7% of its profit
Room to growStretchedMore than it earns: 52.1%
News
Heritage Financial announces new stock repurchase programSeeking Alpha · Oct 22, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
44No pass
Benjamin Graham
32No pass
Philip Fisher
42No pass
Peter Lynch
26No pass
Joel Greenblatt
20No pass
Charlie Munger
35No pass
Terry Smith
40No pass
Questions about Heritage Commerce
Is Heritage Commerce a good stock to buy?
A strong, very profitable business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Heritage Commerce AI analysis
What does Heritage Commerce do?
Heritage Commerce Corp, operating as the parent company for Heritage Bank of Commerce, offers a broad spectrum of commercial and personal banking solutions. The company caters to individuals, businesses, and professionals across California. It is in Banks - Regional.
Does Heritage Commerce pay a dividend?
Yes. At today's price the dividend is 3.9% a year, about 67% of its yearly profit. In 2025 it paid out $31.9 million in dividends.
Is Heritage Commerce stock halal?
No. Heritage Commerce does not pass our halal screen: its main business, banking, is not permitted. How we check
Who are Heritage Commerce's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Heritage Commerce's.
Prices: daily closes to Apr 21, 2026. Fundamentals: company reports via invest-like data.