Heritage Commerce Appoints Seth Fonti as New CFO, Boosts Growth Agenda

Heritage Commerce (HTBK) has appointed Seth Fonti as Executive Vice President and Chief Financial Officer, effective July 24, 2025. Fonti brings over 20 years of experience in financial and strategic leadership in global and domestic banking sectors. His expertise in strategy development, financial planning, and risk management will contribute to Heritage Commerce's growth agenda. Analysts forecast an average target price of $10.80, with a high estimate of $11.00 and a low estimate of $10.00, indicating a 9.20% upside from the current price.

Title: Heritage Commerce Appoints Seth Fonti as CFO; Analysts Forecast Upside Potential

Heritage Commerce Corp (HTBK) has appointed Seth Fonti as Executive Vice President and Chief Financial Officer, effective July 24, 2025. Fonti brings over 20 years of experience in financial and strategic leadership in global and domestic banking sectors. His expertise in strategy development, financial planning, and risk management will contribute to Heritage Commerce's growth agenda. Analysts forecast an average target price of $10.80, with a high estimate of $11.00 and a low estimate of $10.00, indicating a 9.20% upside from the current price.

Heritage Commerce Corp, the parent company of Heritage Bank of Commerce, announced the appointment of Seth Fonti as its new Executive Vice President and Chief Financial Officer (CFO). Fonti, who has over two decades of experience in financial and strategic leadership across various banking institutions, will bring a wealth of expertise to the role. Most recently, he served as Managing Director and Head of Strategy, Corporate Development, and Strategic Finance for MUFG Americas Holding Corporation, a regional arm of one of the world’s top ten global banks [1].

During his tenure at MUFG Americas, Fonti developed and led transformative initiatives across strategy, enterprise-wide financial planning, organizational effectiveness, balance sheet optimization, risk management, and capital planning. His leadership was instrumental in driving enhanced financial performance via growth and efficiency initiatives, and shaping a simplified, technology-oriented operating model [1].

“I’m thrilled to be joining Heritage Bank of Commerce during such a dynamic time for the organization,” said Mr. Fonti. “I look forward to working with the talented leadership team to build on the bank’s legacy of client-centered service and strong financial stewardship.”

Heritage Commerce reported strong financial performance for the quarter ended June 2025, with revenue of $47.78 million, up 14.5% year-over-year, and EPS of $0.21, compared to $0.15 in the year-ago quarter. The reported revenue exceeded the Zacks Consensus Estimate by 2.21%, while EPS beat the estimate by 10.53% [2][3]. Key performance metrics, including Net Interest Margin, Efficiency Ratio, Total Non-Interest Income, and Net Interest Income, also outperformed analyst expectations [2][3].

Analysts forecast an average target price of $10.80 for Heritage Commerce, with a high estimate of $11.00 and a low estimate of $10.00. This indicates a potential 9.20% upside from the current price, reflecting the market’s optimism about the company’s future prospects under Fonti’s leadership [2][3].

References
[1] https://www.globenewswire.com/news-release/2025/07/24/3121519/9687/en/Heritage-Commerce-Corp-and-Heritage-Bank-of-Commerce-Appoints-Seth-Fonti-as-Chief-Financial-Officer.html
[2] https://www.nasdaq.com/articles/compared-estimates-heritage-commerce-htbk-q2-earnings-look-key-metrics
[3] https://finance.yahoo.com/news/compared-estimates-heritage-commerce-htbk-230002515.html