Heritage Commerce Corp Files 8-K on Financial Results & Other Events
Ticker: HTBK · Form: 8-K · Filed: Jan 26, 2024 · CIK: 1053352
| Field | Detail |
|---|---|
| Company | Heritage Commerce Corp (HTBK) |
| Form Type | 8-K |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.13, $13.3 Million, $64.4 Million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, corporate-filing
TL;DR
**HTBK filed an 8-K for financial results and other events on Jan 25, 2024.**
AI Summary
Heritage Commerce Corp (HTBK) filed an 8-K on January 25, 2024, to report its financial results and other events. This filing indicates that the company is providing updated information on its operations and financial condition, which is crucial for investors to assess its performance and make informed decisions about buying or selling its stock.
Why It Matters
This filing provides current financial and operational updates, allowing investors to evaluate the company's health and potential future performance.
Risk Assessment
Risk Level: low — This is a routine filing for financial results and does not inherently indicate new risks, but rather provides transparency.
Analyst Insight
A smart investor would review the full content of the 8-K filing, specifically the detailed 'Results of Operations and Financial Condition' and 'Other Events' sections, to understand the company's current performance and any significant developments before making investment decisions.
Key Players & Entities
- HERITAGE COMMERCE CORP (company) — the registrant filing the 8-K
- January 25, 2024 (date) — the date of the earliest event reported
- Nasdaq (company) — the exchange where HTBK Common Stock is registered
- HTBK (company) — the trading symbol for Heritage Commerce Corp
FAQ
What is the purpose of Heritage Commerce Corp's 8-K filing dated January 25, 2024?
The 8-K filing by Heritage Commerce Corp on January 25, 2024, is to report 'Results of Operations and Financial Condition' and 'Other Events' as per Item Information.
What is the trading symbol and exchange for Heritage Commerce Corp's common stock?
The trading symbol for Heritage Commerce Corp's Common Stock, No Par Value, is HTBK, and it is registered on The Nasdaq exchange.
Where is Heritage Commerce Corp's principal executive office located?
Heritage Commerce Corp's principal executive office is located at 224 Airport Parkway, San Jose, California, 95110.
What is the state of incorporation for Heritage Commerce Corp?
Heritage Commerce Corp is incorporated in California.
What is the fiscal year end for Heritage Commerce Corp?
The fiscal year end for Heritage Commerce Corp is December 31.
Filing Stats: 648 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-01-25 19:46:27
Key Financial Figures
- $0.13 — that its Board of Directors declared a $0.13 per share quarterly cash dividend to ho
- $13.3 Million — entitled "Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64
- $64.4 Million — ion for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023" 99.2 Press R
Filing Documents
- htbk-20240125x8k.htm (8-K) — 45KB
- htbk-20240125xex99d1.htm (EX-99.1) — 2902KB
- htbk-20240125xex99d2.htm (EX-99.2) — 8KB
- 0001558370-24-000558.txt ( ) — 3282KB
- htbk-20240125.xsd (EX-101.SCH) — 4KB
- htbk-20240125_def.xml (EX-101.DEF) — 3KB
- htbk-20240125_lab.xml (EX-101.LAB) — 1KB
- htbk-20240125_pre.xml (EX-101.PRE) — 10KB
- htbk-20240125x8k_htm.xml (XML) — 5KB
02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On January 25, 2024, Heritage Commerce Corp (the "Company"), the holding company for Heritage Bank of Commerce, issued a press release announcing preliminary unaudited results for the fourth quarter and year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference. The information in this report set forth under this Item 2.02 shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS QUARTERLY DIVIDEND On January 25, 2024, the Company announced that its Board of Directors declared a $0.13 per share quarterly cash dividend to holders of common stock. The dividend will be paid on February 22, 2024, to shareholders of record at the close of the business day on February 8, 2024. A copy of the press release is attached as Exhibit 99.2 to this Current Report and is incorporated herein by reference. 2
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. 99.1 Press Release, dated January 25, 2024, entitled "Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023" 99.2 Press Release, dated January 25, 2024, entitled "Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30 th Anniversary" 104 Cover Page Interactive Data File (embedded within XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 25, 2024 Heritage Commerce Corp By: /s/ Lawrence D. McGovern Lawrence D. McGovern Executive Vice President and Chief Financial Officer 4