Company / Interest Expense
HERITAGE COMMERCE CORP Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$51.1M
FY2023
5-year range
$7.1M / $51.1M
FY2019-FY2023
Trend
+470.8%
vs FY2022
Sector context
#179 of 214
Financials
What the data says
Interest Expense changed +471% YoY in FY2023, a notable deviation from the 7-year average annual change of +87%.
Based on SEC 10-K filings.
$51M in FY2023 with a 5-year CAGR of +45.5%.
Increased from $7M to $51M over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +81.2%
- 5-Year CAGR
- +45.5%
- 10-Year CAGR
- -
Sector benchmark
Top 16% in FinancialsTop 16% of 214This company $51.1M Sector average $939.3M
▼
-94.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +45.5%, indicating consistent growth.
- In FY2023, interest expense increased 470.8% year-over-year.
- Ranks #179 out of 214 companies in the Financials sector.
- Lowest interest expense in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $51.1M | +470.8% |
| FY2022 | $8.9M | +25.5% |
| FY2021 | $7.1M | -16.9% |
| FY2020 | $8.6M | -20.9% |
| FY2019 | $10.8M | +38.7% |
| FY2018 | $7.8M | +45.2% |
| FY2017 | $5.4M | +67.8% |
| FY2016 | $3.2M | +32.6% |
As of FY2023 · SEC 10-K Annual Filings · Updated Mar 28, 2026