Heritage Bank of Commerce was recognized by Forbes in the publication's seventeenth annual America's Best Banks list and is No. 1 in credit quality as represented by percentage of assets qualified as nonperforming. The company announced a strategic merger with Citizens Business Bank to expand market presence.
Cyborg Score Rationale
Heritage ranks No. 1 in credit quality among largest banks. Q2 2025 adjusted net income reached $13.0 million with total revenue up 15% year-over-year to $47.8 million. The bank maintained strong credit quality with nonperforming assets to total assets ratio at 0.11%.
Top Insights
Ranked #1 in credit quality by Forbes among America's largest banks
Q2 2025 adjusted earnings grew 12% sequentially with revenue up 15% YoY to $47.8 million
Consistent quarterly dividend payments maintained since 2013, demonstrating capital return commitment
Strategic merger with Citizens Business Bank announced to expand market reach and operational scale
Named Competitors
Personal & Commercial Banking — Large-cap regional/national bank with extensive branch network
Community Banking — Regional competitor; now in merger agreement with Heritage
Business Banking — Tech-focused lender in Bay Area market
Recent Developments
(February 2026) Named to Forbes 2026 Best Banks in America list, ranked #1 in credit quality
(January 2026) Full year 2025 results reported with 62% adjusted earnings growth YoY
(August 2025) New CFO Seth Fonti appointed with 20+ years financial leadership experience