Heritage Commerce CORP
Market Movers (8-K)
Heritage Commerce Corp has finalized its merger with CVB Financial Corp, resulting in the delisting of Heritage common stock and the integration of operations.
Heritage Commerce Corp and CVB Financial Corp. have received all necessary regulatory approvals for their merger, with closing expected on April 17, 2026.
Better than expected
Heritage Commerce Corp shareholders have overwhelmingly approved the proposed merger with CVB Financial Corp., moving closer to a Q2 2026 completion.
Heritage Commerce Corp announced robust fourth quarter and full year 2025 financial results, driven by balance sheet growth, net interest margin expansion, and strong credit quality, alongside progress on its strategic merger with CVB Financial Corp.
Better than expected
Heritage Commerce Corp announced the retirement of Director Jason DiNapoli, effective December 31, 2025, with the board size subsequently fixed at eight.
Heritage Commerce Corp and its subsidiary Heritage Bank of Commerce will merge into CVB Financial Corp. and its subsidiary Citizens Business Bank, respectively, in an all-stock transaction with an exchange ratio of 0.65 shares of CVBF common stock for each Heritage share.
Quarterly Earnings (10-Q)
Heritage Commerce Corp delivered double-digit earnings per share growth and positive operating leverage in Q3 2025, driven by loan and deposit growth and an expanded net interest margin.
Better than expected
Heritage Commerce Corp reported a decrease in second-quarter net income to $6.4 million, or $0.10 per diluted share, primarily due to a $9.2 million pre-tax charge for a legal settlement and branch closure, while loan growth and net interest margin expanded.
Worse than expected
Capital raise
Heritage Commerce Corp announces improved profitability in Q1 2025, driven by net interest margin growth and strong expense control, despite seasonal balance sheet trends.
Better than expected
Heritage Commerce Corp's Q3 2024 net income decreased to $10.5 million, impacted by a contracting net interest margin and increased noninterest expenses.
Worse than expected
Heritage Commerce Corp's second-quarter earnings declined due to higher deposit costs and a contracting net interest margin, despite loan growth.
Worse than expected
Heritage Commerce Corp's first-quarter earnings declined due to a contraction in net interest margin and increased noninterest expenses.
Worse than expected
Annual Reports (10-K)
Heritage Commerce Corp saw a 10% increase in deposit balances and made strategic investments in personnel and technology during 2024, positioning the company for future growth.
Worse than expected
Heritage Commerce Corp's 2023 annual report reveals stable deposits, solid capital, and a slight decrease in net income compared to the previous year.
Worse than expected
Insider Trading (Form 4)
Thomas A. Sa, EVP/COO of Heritage Commerce Corp, reports the disposition of equity holdings following the company's merger with CVB Financial Corp.
Janisha Sabnani reports the disposition of Heritage Commerce Corp equity following the company's merger with CVB Financial Corp.
Director Marina Park Sutton reports the disposition of all equity holdings in Heritage Commerce Corp following the company's merger with CVB Financial Corp.
Jeannie Tam reports the disposition of Heritage Commerce Corp shares following the company's merger with CVB Financial Corp.
President and CEO Robertson Clay Jones Jr. reports the final disposition of shares following the merger with CVB Financial Corp.
EVP and Chief Credit Officer Susan Svensson Just reports the disposition of equity holdings following the completed merger between Heritage Commerce Corp and CVB Financial Corp.
Proxy Statements (Def-14A)
DEF: Heritage Commerce Corp Announces Virtual Annual Meeting and Director Nominations Amid Solid Growth
Heritage Commerce Corp reports solid 2024 growth with deposit balances up 10% and announces a virtual-only annual meeting on May 22, 2025.
Worse than expected
Heritage Commerce Corp reports near-record net earnings of $64.4 million for fiscal year 2023, demonstrating resilience in a challenging banking environment.
Schedule 13G - Passive Investments
Vanguard Capital Management has reported a beneficial ownership of 5.02% in Heritage Commerce Corp's common stock as of March 31, 2026.
The Vanguard Group has amended its Schedule 13G filing for Heritage Commerce Corp, reporting 0% beneficial ownership due to an internal realignment.
The Vanguard Group has filed an amended Schedule 13G, reporting a 6.42% beneficial ownership stake in Heritage Commerce Corp.
BlackRock Portfolio Management LLC has reported a 5.5% beneficial ownership stake in Heritage Commerce Corp's common stock.
Wellington Management Group and its affiliates reported a 4.88% beneficial ownership stake in Heritage Commerce Corp common stock as of June 30, 2025.
FJ Capital Management LLC, Financial Opportunity Fund LLC, and Martin Friedman have filed an amended Schedule 13G, reporting a collective beneficial ownership of 3.85% of Heritage Commerce Corp's common stock as of March 31, 2025.