Heritage Commerce Corp reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 46.29 million compared to USD 41.88 million a year ago. Net income was USD 16.4 million compared to USD 14.82 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.24 a year ago.
For the six months, net interest income was USD 95.55 million compared to USD 80.1 million a year ago. Net income was USD 35.32 million compared to USD 27.69 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 0.46 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.45 a year ago.