Heritage Commerce Corp. (HTBK) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $11.63 million, or $0.19 per share. This compares with $10.17 million, or $0.17 per share, last year.
Analysts on average had expected the company to earn $0.18 per share. Analysts' estimates typically exclude special items.
Heritage Commerce Corp. earnings at a glance (GAAP) :
-Earnings: $11.63 Mln. vs. $10.17 Mln. last year.
-EPS: $0.19 vs. $0.17 last year.
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