Horizon Bancorp (HBNC) Research & Development (2010 - 2026)

Horizon Bancorp's Research & Development history runs 17 years deep, the most recent figure standing at $3.4 million for Q1 2026.

• In Q1 2026, Research & Development rose 16.75% year-over-year to $3.4 million; the TTM figure through Mar 2026 stood at $12.4 million (up 9.72% YoY), while the FY2025 annual figure was $11.9 million, up 9.42% from the prior year.
• Research & Development was $3.4 million for Q1 2026 at Horizon Bancorp, up from $3.1 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $3.4 million in Q1 2026 to a low of $2.5 million in Q1 2024.
• Historically, Research & Development has averaged $2.8 million across 5 years, with a median of $2.9 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Research & Development advanced 18.12% in 2023, then declined 14.49% in 2024.
• A 5-year view of Research & Development shows it stood at $2.9 million in 2022, then climbed by 2.01% to $2.9 million in 2023, then declined by 3.43% to $2.8 million in 2024, then gained by 10.07% to $3.1 million in 2025, then advanced by 7.23% to $3.4 million in 2026.
• The last three Research & Development figures came in at $3.4 million (Q1 2026), $3.1 million (Q4 2025), and $2.9 million (Q3 2025), per Business Quant data.