Heritage Commerce increases share repurchase program to $30M

Heritage Commerce (HTBK) approved an increase in the maximum total value of shares authorized for repurchase under the company’s share repurchase program, initially approved by the Board in July 2024, doubling the authorization from $15M to $30M. The term of the repurchase program was also extended by the Board to October 31, 2026. During Q2 and Q3 of 2025, the company repurchased 439,187 shares of its common stock with a weighted average price of $9.22 per share for a total of $4.0M. The remaining capacity under the program after giving effect to the amendment as described above is $26M at September 30, 2025.