Private company

HERITAGE COMMERCE CORP

American state commercial bank that raised $40 million in 2022 (SEC Form D).

Last updated Oct 18, 2026.

Overview

  • IndustryState Commercial Banks
  • HeadquartersSan Jose, United States
  • Incorporated inCA2
  • Business address224 Airport Parkway, San Jose, Ca 951102
  • Filer categoryAccelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1296.9%Net margin3
3.6%Revenue growth, 20253
6.8%Return on equity3
$61.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax29¢$20.0M
  • Profit71¢$47.8M

Out of $3.7M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$377.0K
  • Dividends paid52¢$31.9M
  • Share buybacks7¢$4.0M
  • Kept or used elsewhere41¢$25.3M

Out of $61.7M of cash from operations.3

Financial statements

Revenue45673$3.7M in 2025−18% since 2019
0$2.0M$4.0M$6.0M2019: $4.5M$4.5M20192020: $2.9M$2.9M2020−37%2021: $2.5M$2.5M2021−13%2022: $4.6M$4.6M2022+86%2023: $4.3M$4.3M2023−6%2024: $3.6M$3.6M2024−18%2025: $3.7M$3.7M2025+4%
Net income45673$47.8M in 2025+18% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $40.5M$40.5M20192020: $35.3M$35.3M2020−13%2021: $47.7M$47.7M2021+35%2022: $66.6M$66.6M2022+40%2023: $64.4M$64.4M2023−3%2024: $40.5M$40.5M2024−37%2025: $47.8M$47.8M2025+18%
Fiscal year2019202020212022202320242025
Revenue$4.5M4$2.9M5$2.5M6$4.6M7$4.3M3$3.6M3$3.7M3
Interest$10.8M4$8.6M5$7.1M6$8.9M6$51.1M6
Income tax$15.9M4$13.8M5$18.2M6$27.8M7$26.0M3$16.1M3$20.0M3
Net income$40.5M4$35.3M5$47.7M6$66.6M7$64.4M3$40.5M3$47.8M3
Earnings per share$0.874$0.595$0.796$1.107$1.063$0.663$0.783
Earnings per share (diluted)$0.844$0.595$0.796$1.097$1.053$0.663$0.783

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Leadership

Who has led HERITAGE COMMERCE CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Walter Theodore Kaczmarek2006–2022
  2. Keith Wilton2020–2021

President

  1. Walter Theodore Kaczmarek2006–2022
  2. Keith Wilton2020–2021

Chief financial officer

  1. Lawrence D. McGovern2006–2024
  2. Seth Fonti2025–now

Chief operating officer

  1. Keith Wilton2014–2020
  2. Thomas A. Sa2024–now
2010201520202025
Board members and other officers (44)

Timeline

  1. May 5, 2020New chief executive Keith Wilton becomes CEO11
  2. Mar 7, 2006New chief executive Walter Theodore Kaczmarek becomes CEO12
  3. Oct 9, 1997Founded HERITAGE COMMERCE CORP is founded58

Filings

315 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 47 major events, 172 insider forms, 25 large holders, 1 private raises, 51 other. The latest 20:

  1. Jul 14, 2026SCHEDULE 13G/A EDGAR
  2. Apr 30, 2026SCHEDULE 13G EDGAR
  3. Apr 30, 202615-12G EDGAR
  4. Apr 22, 2026EFFECT EDGAR
  5. Apr 22, 2026EFFECT EDGAR
  6. Apr 22, 2026EFFECT EDGAR
  7. Apr 22, 2026EFFECT EDGAR
  8. Apr 22, 2026EFFECT EDGAR
  9. Apr 21, 20268-K EDGAR
  10. Apr 20, 202625-NSE EDGAR
  11. Apr 20, 2026S-8 POS EDGAR
  12. Apr 20, 2026S-8 POS EDGAR
  13. Apr 20, 2026POS AM EDGAR
  14. Apr 20, 2026S-8 POS EDGAR
  15. Apr 20, 2026POS AM EDGAR
  16. Apr 20, 2026S-8 POS EDGAR
  17. Apr 20, 2026S-8 POS EDGAR
  18. Apr 20, 2026POS AM EDGAR
  19. Apr 20, 2026S-8 POS EDGAR
  20. Apr 20, 2026S-8 POS EDGAR

The 315 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 25 such filings since October 2021, the latest 10:

  1. Jul 14, 2026SCHEDULE 13G/A
  2. Apr 30, 2026SCHEDULE 13G
  3. Mar 27, 2026SCHEDULE 13G/A
  4. Oct 30, 2025SCHEDULE 13G/A
  5. Oct 17, 2025SCHEDULE 13G
  6. Aug 12, 2025SCHEDULE 13G/A
  7. May 14, 2025SCHEDULE 13G/A
  8. May 12, 2025SCHEDULE 13G
  9. Feb 12, 2025SCHEDULE 13G
  10. Feb 12, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. May 11, 2022Raised $40 million in a private offering of debt Form D: 20 investors so far Form D

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