Horizon Bancorp (HBNC) Tax Rate (2010 - 2026)
Horizon Bancorp (HBNC) posted Tax Rate of 18.98% for Q2 2026, down 0.6% on a QoQ basis from 19.1% in Q1 2026, and up 360.0% year-over-year from 4.13% in Q2 2025.
Analysis
Horizon Bancorp (HBNC) Tax Rate (2010 - 2026) Analysis & Trends
Horizon Bancorp has reported Tax Rate for 17 years, with the latest figure at 18.98% in Q2 2026.
- On a quarterly basis, Tax Rate rose 360.0% year-over-year to 18.98% in Q2 2026; TTM through Jun 2026 was 24.43%, a 3108.0% increase from a year earlier, with the FY2025 full-year figure at 25.19%, up 5473.0% from the prior year.
- Tax Rate was 18.98% for Q2 2026 at Horizon Bancorp, down from 19.1% in the prior quarter.
- The five-year high for Tax Rate was 50.39% in Q4 2024, with the low at 34.15% in Q4 2023.
- Average Tax Rate over 5 years is 11.85%, with a median of 12.09% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate tumbled 4527 bps in 2023, then jumped 8454 bps in 2024.
- Over 5 years, Tax Rate stood at 11.12% in 2022, then tumbled by 407 bps to 34.15% in 2023, then surged by 248 bps to 50.39% in 2024, then plunged by 65 bps to 17.66% in 2025, then increased by 8 bps to 18.98% in 2026.
- The last three Tax Rate figures came in at 18.98% (Q2 2026), 19.1% (Q1 2026), and 17.66% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 959.06 Bn | 959.06 Bn | - | -3.53% |
| 2 | Truist Financial | 61.22 Bn | 61.22 Bn | - | 14.44% |
| 3 | Fifth Third Bancorp | 49.32 Bn | 25.60 Bn | - | 22.68% |
| 4 | M&T Bank | 34.56 Bn | 34.56 Bn | - | 23.05% |
| 5 | Huntington Bancshares | 33.51 Bn | 28.98 Bn | - | 18.42% |
| 6 | Citizens Financial | 29.23 Bn | 29.23 Bn | - | 22.25% |
| 7 | Regions Financial | 25.36 Bn | 25.36 Bn | - | 20.61% |
| 8 | First Citizens Bancshares | 24.64 Bn | 24.11 Bn | 29.00 Mn | 24.58% |
| 9 | Keycorp | 23.19 Bn | -24.51 Bn | - | 21.48% |
| 10 | Horizon Bancorp | 998.16 Mn | 776.32 Mn | - | 18.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.98% |
| Mar 31, 2026 | 19.10% |
| Dec 31, 2025 | 17.66% |
| Sep 30, 2025 | 22.47% |
| Jun 30, 2025 | 15.38% |
| Mar 31, 2025 | 14.75% |
| Dec 31, 2024 | 50.39% |
| Sep 30, 2024 | -0.41% |
| Jun 30, 2024 | 10.92% |
| Mar 31, 2024 | 8.59% |
| Dec 31, 2023 | -34.15% |
| Sep 30, 2023 | 7.34% |
| Jun 30, 2023 | 7.18% |
| Mar 31, 2023 | 9.27% |
| Dec 31, 2022 | 11.12% |
| Sep 30, 2022 | 7.79% |
| Jun 30, 2022 | 13.79% |
| Mar 31, 2022 | 13.06% |
| Dec 31, 2021 | 16.00% |
| Sep 30, 2021 | 14.95% |