Heritage Commerce (HTBK) Tax Rate (2010 - 2025)
Heritage Commerce's (HTBK) quarterly Tax Rate came in at 28.52% in Q3 2025, up 125.0% year-on-year from 12.68% in Q3 2024, and little changed quarter-over-quarter from 28.46% in Q2 2025.
Heritage Commerce (HTBK) Tax Rate (2010 - 2025) Analysis & Trends
Heritage Commerce has disclosed Tax Rate across 13 years of filings, most recently posting 28.52% for Q3 2025.
- Tax Rate for Q3 2025 came in at 28.52%, up 125.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 27.65% (up 63.0% YoY), and the FY2024 annual result was 27.65%, down 15.0% from the prior year.
- Tax Rate came in at 28.52% for Q3 2025 at Heritage Commerce, roughly flat from 28.46% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 30.28% in Q3 2022 to a low of 23.22% in Q4 2023.
- The 5-year median for Tax Rate is 28.82% (2021), against an average of 28.28%.
- Across the five-year window, Tax Rate soared 179 bps in 2022 and tumbled 623 bps in 2023, its largest moves.
- Heritage Commerce's Tax Rate stood at 27.67% in 2021, then rose by 6 bps to 29.46% in 2022, then retreated by 21 bps to 23.22% in 2023, then grew by 6 bps to 24.68% in 2024, then grew by 16 bps to 28.52% in 2025.
- The last three Tax Rate figures came in at 28.52% (Q3 2025), 28.46% (Q2 2025), and 28.79% (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | -22.54% |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | -23.21% |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 19.21% |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 19.83% |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | -25.87% |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 25.76% |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Heritage Commerce | 824.94 Mn | 77.20 Mn | - | 28.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 28.52% |
| Sep 30, 2025 | 28.52% |
| Jun 30, 2025 | 28.46% |
| Jun 30, 2025 | 28.46% |
| Mar 31, 2025 | 28.79% |
| Mar 31, 2025 | 28.79% |
| Dec 31, 2024 | 24.68% |
| Dec 31, 2024 | 24.68% |
| Sep 30, 2024 | 27.27% |
| Sep 30, 2024 | 27.27% |
| Jun 30, 2024 | 29.36% |
| Jun 30, 2024 | 29.36% |
| Mar 31, 2024 | 29.50% |
| Mar 31, 2024 | 29.50% |
| Dec 31, 2023 | 23.22% |
| Dec 31, 2023 | 23.22% |
| Sep 30, 2023 | 29.01% |
| Sep 30, 2023 | 29.01% |
| Jun 30, 2023 | 29.04% |
| Jun 30, 2023 | 29.04% |