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SAN JOSE, Calif. (AP) _ Heritage Commerce Corp. (HTBK) on Thursday reported fourth-quarter net income of $11.6 million.
The San Jose, California-based bank said it had earnings of 19 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share.
The holding company for Heritage Bank of Commerce posted revenue of $38.2 million in the period. Its revenue net of interest expense was $36.3 million, missing Street forecasts. Three analysts surveyed by Zacks expected $37.5 million.
For the year, the company reported profit of $35.3 million, or 59 cents per share. Revenue was reported as $151.8 million.
Heritage Commerce shares have increased slightly more than 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.17, a fall of 21% in the last 12 months.