Login

HERITAGE OAKS BANCORP

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2016 10-K, filed Mar 3, 2017. Its latest SEC filing is a 15-12G from Apr 4, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Provides banking services, including business and consumer loans and deposit accounts, to small and medium-sized businesses and individuals.

How Did They Make Money?

FY2016 revenue

Who Were Their Customers?

Small and medium-sized businesses and consumers use the Bank's retail branches and other direct channels for loans, deposit accounts and banking services.

Did Revenues Turn Into Profits?

Yes. It kept 24 cents of every revenue dollar as net income in FY2016.

Net income, FY2016
24% of revenue
▲ +10% vs FY2015 ($15.3M, 23%)

How Were They Changing?

Since the FY2016 annual report
  • Mar 29, 2017 Shareholders approved the merger agreement The agreement calls for Heritage Oaks to merge into the other company, which would survive.
  • Mar 28, 2017 Company announced plan to delist after merger The company asked Nasdaq to file a Form 25 after merger completion.

Grew. Revenue grew 54% in 4 years, from $46.3M in FY2012 to $71.3M in FY2016, about 11% a year.

Consumer mortgages The older report listed residential mortgages among consumer products; the latest says the company stopped accepting new mortgage applications and planned to end mortgage originations, while continuing home equity lending and servicing existing portfolio loans.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support