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
DateValue
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%