The bank maintains a fortress-like capital position with an equity-to-assets ratio of 0.12 and a minimal debt-to-equity ratio of 0.06%.
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 |
|---|
| Cash & Short Term Investments | 614.64M | 1.22B | 850.76M | 796.2M | 1.41B | 1.37B | 862.2M | 623.61M | 708.07M | 572.69M | 729.17M | 328.74M | 392.7M | 741.48M | 453.33M | 72.18M | 45.46M | 30M | 39.79M | 34.28M | 35.56M | 33.65M | 42.02M | 42.63M | 34.72M | 40.77M | 19.3M | 18M | 43.19M |
| Cash & Due from Banks | 21.68M | 968.12M | 408.13M | 306.6M | 1.31B | 1.13B | 457.37M | 164.57M | 316.22M | 266.1M | 344.09M | 122.4M | 112.61M | 373.56M | 72.87M | 72.18M | 45.46M | 30M | 39.79M | 34.28M | 35.56M | 33.65M | 42.02M | 42.63M | 34.72M | 40.77M | 19.3M | 18M | 43.19M |
| Short Term Investments | 592.96M | 256.27M | 442.64M | 489.6M | 102.25M | 235.77M | 404.82M | 459.04M | 391.85M | 306.59M | 385.08M | 206.34M | 280.1M | 367.91M | 380.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 592.96M | 4.29B | 4.4B | 4.46B | 3.81B | 3.11B | 3.28B | 2.7B | 2.36B | 2.12B | 1.84B | 1.37B | 1.27B | 1.22B | 1.13B | 1.06B | 1.16B | 1.33B | 1.16B | 906.01M | 947.2M | 983.02M | 832.82M | 815.21M | 761.03M | 747.86M | 491.7M | 342.3M | 214.18M |
| Investments Growth % | -86.18% | -2.41% | -1.35% | 17.1% | 22.42% | -5.28% | 21.71% | 14.46% | 11.17% | 15.12% | 34.11% | 7.7% | 4.84% | 8.05% | 5.78% | -8.44% | -12.5% | 14.53% | 28% | -4.35% | -3.64% | 18.04% | 2.16% | 7.12% | 1.76% | 52.1% | 43.65% | 59.82% | - |
| Long-Term Investments | 0 | 4.04B | 3.96B | 3.97B | 3.7B | 2.87B | 2.88B | 2.24B | 1.96B | 1.81B | 1.46B | 1.17B | 994.82M | 848.17M | 745.06M | 1.06B | 1.16B | 1.33B | 1.16B | 906.01M | 947.2M | 983.02M | 832.82M | 815.21M | 761.03M | 747.86M | 491.7M | 342.3M | 214.18M |
| Accounts Receivables | 0 | 0 | 0 | 93.47M | 85.11M | 87.52M | 67.14M | 44.58M | 33.28M | 50.51M | 41.34M | 35.94M | 34.9M | 35.11M | 41.03M | 45.91M | 49.71M | 35.64M | 35.62M | 36.92M | 41.72M | 33.23M | 27.14M | 24.55M | 15.13M | 12.92M | 8.7M | 7.2M | 0 |
| Goodwill & Intangibles | 172.26M | 174.07M | 176.26M | 178.66M | 181.3M | 184.29M | 187.84M | 95.76M | 51.25M | 52.61M | 54.18M | 16.32M | 1.53M | 2M | 2.49M | 3.01M | 46.77M | 47.41M | 48.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 167.63M | 167.63M | 167.63M | 167.63M | 167.63M | 167.63M | 167.42M | 83.75M | 45.66M | 45.66M | 45.66M | 13.04M | 0 | 0 | 0 | 0 | 43.18M | 43.18M | 43.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.63M | 6.44M | 8.63M | 11.03M | 13.67M | 16.66M | 20.41M | 12.01M | 5.59M | 6.95M | 8.52M | 3.28M | 1.53M | 2M | 2.49M | 3.01M | 3.59M | 4.23M | 4.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 9.21M | 10.14M | 9.86M | 9.3M | 9.64M | 10.46M | 8.25M | 7.14M | 7.35M | 7.49M | 7.77M | 7.45M | 7.24M | 7.47M | 7.98M | 8.4M | 9.01M | 9.52M | 9.31M | 2.54M | 2.54M | 3.18M | 4.03M | 5.19M | 5.47M | 6.42M | 6.9M | 3.2M | 1.97M |
| Other Assets | 0 | 201.02M | 202.03M | 111.47M | 110.09M | 111.05M | 105.87M | 87.08M | 78.72M | 74.34M | 72.72M | 61.85M | 60.45M | 59.09M | 56.31M | 52.86M | 50.87M | 48.56M | 54.95M | 57.39M | 103.49M | 55.1M | 99.98M | 71.17M | 96.38M | 38.26M | 150.6M | 34.2M | 8.24M |
| Total Current Assets | 614.64M | 1.22B | 850.76M | 889.66M | 1.49B | 1.45B | 929.34M | 668.19M | 741.35M | 623.2M | 770.51M | 364.68M | 427.6M | 776.59M | 494.35M | 118.08M | 95.17M | 65.63M | 75.42M | 71.2M | 77.28M | 66.87M | 69.15M | 67.18M | 49.85M | 53.69M | 28M | 25.2M | 43.19M |
| Total Non-Current Assets | 181.47M | 4.42B | 4.34B | 4.27B | 4.01B | 3.18B | 3.18B | 2.43B | 2.1B | 1.95B | 1.59B | 1.25B | 1.06B | 916.72M | 811.84M | 1.13B | 1.27B | 1.43B | 1.27B | 965.93M | 1.05B | 1.04B | 936.83M | 891.57M | 862.88M | 792.53M | 649.2M | 379.7M | 224.39M |
| Total Assets | 5.76B | 5.65B | 5.19B | 5.15B | 5.5B | 4.63B | 4.11B | 3.1B | 2.84B | 2.57B | 2.36B | 1.62B | 1.49B | 1.69B | 1.31B | 1.25B | 1.36B | 1.5B | 1.35B | 1.04B | 1.13B | 1.11B | 1B | 958.75M | 912.73M | 846.22M | 677.2M | 404.9M | 267.57M |
| Asset Growth % | 2.12% | 8.68% | 0.77% | -6.28% | 18.67% | 12.77% | 32.71% | 8.9% | 10.61% | 8.86% | 46.04% | 8.41% | -11.91% | 29.64% | 4.8% | -8.62% | -9.03% | 11.26% | 29.92% | -8.26% | 2.02% | 10.46% | 4.64% | 5.04% | 7.86% | 24.96% | 67.25% | 51.32% | - |
| Return on Assets (ROA) | 0.84% | 0.75% | 1.25% | 1.25% | 0.94% | 0.81% | 1.12% | 1.19% | 0.88% | 1.11% | 0.83% | 0.86% | 0.72% | 0.66% | 0.89% | -4.28% | -0.84% | 0.12% | 1.18% | 1.59% | 1.29% | 0.8% | 0.79% | 0.77% | 0.83% | 0.71% | 0.87% | 1.04% | 0.58% |
| Accounts Payable | 0 | 0 | 0 | 96.17M | 102.04M | 102M | 78.11M | 52.2M | 50.04M | 48.89M | 50.37M | 44.36M | 32.02M | 34.92M | 35.23M | 39.15M | 33.58M | 32.21M | 23.82M | 22.22M | 22.73M | 19.56M | 13.79M | 10.95M | 11.25M | 10.3M | 7.3M | 5.3M | 0 |
| Total Debt | 39.8M | 39.65M | 39.5M | 39.35M | 39.92M | 39.74M | 39.88M | 39.37M | 39.18M | 0 | 3M | 0 | 0 | 9.28M | 23.7M | 31.15M | 68.7M | 128.7M | 94.6M | 45.5M | 56.4M | 71.5M | 67.3M | 0 | 0 | 18M | 12M | 0 | 0 |
| Net Debt | 18.12M | -928.47M | -368.63M | -267.25M | -1.27B | -1.09B | -417.49M | -125.2M | -277.04M | -266.1M | -341.09M | -122.4M | -112.61M | -364.29M | -49.17M | -41.03M | 23.24M | 98.71M | 54.81M | 11.22M | 20.84M | 37.86M | 25.29M | -42.63M | -34.72M | -22.77M | -7.3M | -18M | -43.19M |
| Long-Term Debt | 39.8M | 39.65M | 39.5M | 39.35M | 39.92M | 39.74M | 39.55M | 39.37M | 39.18M | 0 | 0 | 0 | 0 | 9.28M | 23.7M | 23.7M | 23.7M | 38.7M | 23.7M | 23.7M | 23.7M | 71.5M | 67.3M | 0 | 0 | 18M | 12M | 0 | 0 |
| Short-Term Debt | 0 | 24K | 0 | 0 | 0 | 0 | 328K | 0 | 0 | 490K | 3M | 0 | 0 | 0 | 0 | 7.45M | 45M | 90M | 70.9M | 21.8M | 32.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 2.75B | 95.59M | 103.23M | 0 | 0 | 0 | 0 | 0 | 0 | 2.31B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.26M |
| Total Current Liabilities | 2.27B | 4.82B | 4.38B | 4.49B | 4.86B | 4.02B | 3.49B | 2.69B | 2.53B | 2.31B | 2.12B | 1.43B | 1.32B | 1.51B | 1.08B | 1.04B | 1.17B | 1.28B | 1.16B | 890.62M | 995.19M | 938.09M | 849.2M | 852.89M | 819.2M | 748.49M | 608.7M | 374.2M | 242.98M |
| Total Non-Current Liabilities | 2.79B | 135.25M | 142.74M | 39.35M | 39.92M | 39.74M | 39.55M | 39.37M | 39.18M | 0 | 0 | 0 | 0 | 9.28M | 23.7M | 23.7M | 23.7M | 38.7M | 23.7M | 23.7M | 23.7M | 71.5M | 67.3M | 0 | 19M | 18M | 12M | 0 | 2.26M |
| Total Liabilities | 5.06B | 4.96B | 4.52B | 4.52B | 4.9B | 4.06B | 3.53B | 2.73B | 2.57B | 2.31B | 2.12B | 1.43B | 1.32B | 1.52B | 1.11B | 1.06B | 1.19B | 1.31B | 1.18B | 914.32M | 1.02B | 1.01B | 913.36M | 852.89M | 819.16M | 766.49M | 620.7M | 374.2M | 245.24M |
| Total Equity | 708.57M | 689.73M | 672.9M | 632.46M | 598.03M | 577.89M | 576.71M | 367.47M | 271.36M | 259.85M | 245.44M | 184.36M | 173.4M | 169.74M | 197.83M | 182.15M | 172.31M | 184.27M | 164.82M | 122.82M | 111.62M | 98.58M | 89.85M | 105.86M | 93.57M | 79.73M | 56.5M | 30.7M | 22.34M |
| Equity Growth % | 2.73% | 2.5% | 6.39% | 5.76% | 3.48% | 0.2% | 56.94% | 35.41% | 4.43% | 5.87% | 33.13% | 6.32% | 2.15% | -14.2% | 8.61% | 5.71% | -6.49% | 11.8% | 34.2% | 10.04% | 13.23% | 9.72% | -15.13% | 13.14% | 17.36% | 41.12% | 84.04% | 37.45% | - |
| Equity / Assets (Capital Ratio) | 12.29% | 12.22% | 12.96% | 12.27% | 10.87% | 12.47% | 14.03% | 11.87% | 9.54% | 10.11% | 10.39% | 11.4% | 11.62% | 10.02% | 15.15% | 14.61% | 12.63% | 12.29% | 12.23% | 11.84% | 9.87% | 8.9% | 8.96% | 11.04% | 10.25% | 9.42% | 8.34% | 7.58% | 8.35% |
| Return on Equity (ROE) | 6.84% | 5.95% | 9.87% | 10.82% | 8.11% | 6.11% | 8.57% | 11.06% | 8.97% | 10.84% | 7.68% | 7.51% | 6.73% | 5.39% | 5.99% | -31.52% | -6.72% | 1.01% | 9.8% | 14.73% | 13.75% | 9% | 7.95% | 7.2% | 8.39% | 7.97% | 10.78% | 13.2% | 7.01% |
| Book Value per Share | 11.48 | 11.21 | 10.98 | 10.35 | 9.85 | 9.60 | 12.04 | 8.71 | 7.03 | 7.59 | 8.53 | 6.95 | 5.41 | 5.27 | 7.52 | 6.94 | 14.58 | 15.30 | 13.10 | 10.24 | 9.19 | 8.26 | 7.74 | 9.29 | 8.24 | 6.90 | 6.85 | 2.60 | 1.90 |
| Tangible BV per Share | 8.69 | 8.38 | 8.10 | 7.43 | 6.87 | 6.54 | 8.12 | 6.44 | 5.70 | 6.06 | 6.64 | 6.33 | 5.36 | 5.20 | 7.43 | 6.83 | 10.62 | 11.37 | 9.27 | 10.24 | 9.19 | 8.26 | 7.74 | 9.29 | 8.24 | 6.90 | 6.85 | 2.60 | 1.90 |
| Common Stock | 509.61M | 510.07M | 506.54M | 502.92M | 497.69M | 493.71M | 489.75M | 300.84M | 218.35M | 215.24M | 193.36M | 133.68M | 132.56M | 131.82M | 131.17M | 0 | 0 | 0 | 0 | 0 | 67.6M | 67.41M | 65.23M | 63.96M | 63.54M | 62.47M | 51.2M | 29.4M | 23.45M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 131.17M | 130.53M | 80.22M | 78.85M | 92.41M | 62.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 203.68M | 187.76M | 179.09M | 146.39M | 111.33M | 94.9M | 96.74M | 79M | 62.14M | 52.53M | 38.77M | 33.01M | 25.34M | 15.72M | 7.17M | -1.87M | 56.39M | 70.99M | 73.3M | 62.45M | 47.54M | 33.09M | 24.61M | 17.19M | 10.02M | 2.75M | 6.6M | 600K | -1.53M |
| Accumulated OCI | -4.72M | -8.11M | -12.73M | -16.86M | -11M | -10.72M | -9.78M | -12.38M | -9.25M | -7.91M | -6.22M | -1.85M | -4.03M | 2.68M | -130.22M | -4.65M | -2.55M | -3.47M | -888K | -2M | -3.52M | -1.92M | -364K | 1.71M | 1.02M | 515K | -1.3M | 700K | 418K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.52M | 19.52M | 19.52M | 19.52M | 58.53M | 58.14M | 38.25M | 39.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional CRE Concentration
As reported in recent financial statements, HTBK grew total assets to $5.8 billion by 2025Q4, a trend driven primarily by a strategic pivot toward increasing the investment securities portfolio, which reached $593 million, suggesting a shift in capital deployment toward interest-earning assets to bolster net interest income.
The bank's asset growth appears to be a deliberate move to capture higher yields in the current rate environment rather than aggressive loan book expansion. This trajectory suggests management is prioritizing balance sheet liquidity and yield optimization over rapid credit growth, which may be a prudent response to the uncertain regional economic climate.
Based on the provided balance sheet data, HTBK maintains a robust equity-to-assets ratio of 0.12 as of 2025Q4, which, when paired with a minimal debt-to-equity ratio of 0.06%, indicates a fortress-like capital position that provides significant insulation against potential regional credit volatility or unexpected asset impairments.
The bank's reliance on equity rather than wholesale debt funding suggests a highly conservative capital structure that limits financial leverage. While this approach may constrain return on equity, it provides the bank with substantial dry powder to navigate potential downturns in the San Francisco Bay Area commercial real estate market.
According to quarterly filings, HTBK's cash and cash equivalents dropped to $21.7 million in 2025Q4 from $747.7 million in 2025Q3, reflecting a significant deployment of liquid assets into the investment securities portfolio, a move that warrants monitoring for potential impacts on the bank's immediate contingent funding capacity.
The rapid reduction in cash balances suggests a strategic decision to move away from low-yielding cash positions toward higher-yielding securities. Investors should monitor whether this liquidity profile remains sufficient to meet deposit outflows, particularly given the bank's concentration in specialized HOA and professional service deposit verticals.
As indicated by the bank's historical data, HTBK's extreme geographic concentration in the San Francisco Bay Area creates a singular point of failure, where any localized downturn in commercial real estate could disproportionately impact the bank's asset quality and necessitate significant future provisions for credit losses.
While the current provision for credit losses is zero, this may not fully reflect the latent risks inherent in a portfolio so heavily tied to a single regional economy. The lack of geographic diversification suggests that the bank's balance sheet is highly sensitive to regional economic shocks, which could quickly erode the current capital buffer if market conditions deteriorate.
Quick answers to the most common questions about buying HTBK stock.
As of 2025, Heritage Commerce Corp (HTBK) had total assets of $5.76B including $614.6M in current assets.
Heritage Commerce Corp (HTBK) carries total debt of $39.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Heritage Commerce Corp (HTBK) has total shareholders' equity (book value) of $708.6M ($11.48 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Heritage Commerce Corp (HTBK) reported a current ratio of 0.27x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.