(RTTNews) - Heritage Commerce Corp. (HTBK) revealed earnings for second quarter that Decreased from last year but beat the Street estimates.
The company's bottom line totaled $6.39 million, or $0.10 per share. This compares with $9.23 million, or $0.15 per share, last year.
Excluding items, Heritage Commerce Corp. reported adjusted earnings of $12.96 million or $0.21 per share for the period.
Analysts on average had expected the company to earn $0.19 per share. Analysts' estimates typically exclude special items.
Heritage Commerce Corp. earnings at a glance (GAAP) :
-Earnings: $6.39 Mln. vs. $9.23 Mln. last year. -EPS: $0.10 vs. $0.15 last year.
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