💨 Abstract

Heritage Commerce Corp. (HTBK) reported a first-quarter profit of $11.6 million, with earnings of 19 cents per share, surpassing Wall Street expectations. Revenue was $64.5 million, but revenue net of interest expense at $46.1 million fell short of forecasts. The bank, based in San Jose, California, is the holding company for Heritage Bank of Commerce.

Courtesy: wtop.com

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