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Heritage Commerce Corp operates as a bank holding company. The company, through its subsidiary, offers commercial banking services to small and medium-sized businesses and their owners, managers, and employees. It operates through two reportable segments, namely Banking and Factoring. A majority of its revenue is generated from the Banking segment, which provides various loan products, including commercial and industrial loans, commercial real estate loans, construction loans, etc. This segment also focuses on deposit generation on relationship accounts, encompassing non-interest bearing demand, interest bearing demand, money market accounts, certificates of deposit, and savings accounts.
1993
355
LTM Revenue $185M
Last FY EBITDA n/a
$635M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Heritage Commerce has a last 12-month revenue (LTM) of $185M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Heritage Commerce achieved revenue of $172M and an EBITDA of n/a.
Heritage Commerce expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Heritage Commerce valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $185M | XXX | $172M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBIT | $69.1M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $42.5M | XXX | $40.5M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of August 15, 2025, Heritage Commerce's stock price is $10.
Heritage Commerce has current market cap of $595M, and EV of $635M.
See Heritage Commerce trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $635M | $595M | XXX | XXX | XXX | XXX | $0.69 |
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Start Free TrialAs of August 15, 2025, Heritage Commerce has market cap of $595M and EV of $635M.
Heritage Commerce's trades at 3.7x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Heritage Commerce's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Heritage Commerce has a P/E ratio of 14.0x.
See valuation multiples for Heritage Commerce and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $595M | XXX | $595M | XXX | XXX | XXX |
| EV (current) | $635M | XXX | $635M | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 9.2x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 14.0x | XXX | 14.7x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 17.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHeritage Commerce's last 12 month revenue growth is 8%
Heritage Commerce's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged n/a for the same period.
Heritage Commerce's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Heritage Commerce's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Heritage Commerce and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Invest Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Heritage Commerce acquired XXX companies to date.
Last acquisition by Heritage Commerce was XXXXXXXX, XXXXX XXXXX XXXXXX . Heritage Commerce acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Heritage Commerce founded? | Heritage Commerce was founded in 1993. |
| Where is Heritage Commerce headquartered? | Heritage Commerce is headquartered in United States of America. |
| How many employees does Heritage Commerce have? | As of today, Heritage Commerce has 355 employees. |
| Who is the CEO of Heritage Commerce? | Heritage Commerce's CEO is Mr. Robertson Clay Jones, Jr. |
| Is Heritage Commerce publicy listed? | Yes, Heritage Commerce is a public company listed on NAS. |
| What is the stock symbol of Heritage Commerce? | Heritage Commerce trades under HTBK ticker. |
| When did Heritage Commerce go public? | Heritage Commerce went public in 1998. |
| Who are competitors of Heritage Commerce? | Similar companies to Heritage Commerce include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Invest Bank. |
| What is the current market cap of Heritage Commerce? | Heritage Commerce's current market cap is $595M |
| What is the current revenue of Heritage Commerce? | Heritage Commerce's last 12 months revenue is $185M. |
| What is the current revenue growth of Heritage Commerce? | Heritage Commerce revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Heritage Commerce? | Current revenue multiple of Heritage Commerce is 3.4x. |
| Is Heritage Commerce profitable? | Yes, Heritage Commerce is EBITDA-positive (as of the last 12 months). |
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