Heritage Commerce Corp declares quarterly dividend of $0.13

SAN JOSE - Heritage Commerce Corp (NASDAQ:HTBK), the parent company of Heritage Bank of Commerce, announced Thursday that its Board of Directors has declared a regular quarterly cash dividend of $0.13 per share.

The dividend will be payable on August 21, 2025, to shareholders of record at the close of business on August 7, 2025, according to a company press release.

Heritage Commerce Corp has maintained its tradition of paying quarterly cash dividends since 2013. The banking company, established in October 1997, operates through its subsidiary Heritage Bank of Commerce, which was founded in 1994 and is headquartered in San Jose, California. With a market capitalization of $609 million and trading at a P/E ratio of 14.5, InvestingPro data suggests the stock is currently undervalued, presenting a potential opportunity for value investors.

The bank maintains a network of full-service branches across Northern California, including locations in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek.

Heritage Bank of Commerce operates as an SBA Preferred Lender and provides banking services throughout the region. The company also owns Bay View Funding, a San Jose-based subsidiary that offers business-essential working capital factoring financing to various industries across the United States.

In other recent news, Heritage Commerce Corp announced the appointment of Seth Fonti as Executive Vice President and Chief Financial Officer. Fonti, who has over 20 years of experience, previously held a senior role at MUFG Americas Holding Corporation. Additionally, the company named Julianne Biagini-Komas as the new Chair of the Board of Directors, succeeding Jack W. Conner. Conner will remain on the board as Chair Emeritus until October 2025 to aid in the transition. Biagini-Komas has been with the board since 2014 and has served as Vice Chair since October 2024. In another development, Heritage Commerce Corp declared a quarterly cash dividend of $0.13 per share, continuing its consistent practice of quarterly payouts since 2013. The dividend will be paid on May 22 to shareholders recorded by May 8. These announcements reflect ongoing strategic leadership changes and a commitment to shareholder returns.

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