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Horizon Bancorp (IN)HBNC -0.28%35 Pretax Margin % is 41.50% as of Jun. 2026, which is 11% above its 10-year median of 37.36. GuruFocus rates HBNC with a GF Score™ of 35/100. The stock has 4 warning signs investors should review. Among 1,525 Banks companies, Horizon Bancorp (IN) ranks better than 99.93% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Horizon Bancorp (IN) Pretax Margin % Related Terms
Horizon Bancorp (IN) Pretax Margin % Historical Data
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The historical data trend for Horizon Bancorp (IN)'s Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HBNC vs CCNE, EQBK, ESQ: Pretax Margin % Comparison
For the Banks - Regional subindustry, Horizon Bancorp (IN)'s Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Horizon Bancorp (IN) Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Horizon Bancorp (IN)'s Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Horizon Bancorp (IN) (HBNC) has a Pretax Margin % of 41.50% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Horizon Bancorp (IN) and its competitors. This is 11% above median its historical median of 37.36. Over the past decade, Horizon Bancorp (IN)'s Pretax Margin % has ranged from 14.59 to 1,053.95. According to the industry distribution chart, Horizon Bancorp (IN) ranks #1 out of 1525 companies in the Banks industry, placing it in the top 0.099999999999994%.
Is Horizon Bancorp (IN)'s Pretax Margin % too high?
Horizon Bancorp (IN)'s current Pretax Margin % of 41.50% is 11% above median its 10-year median of 37.36. Over the past 10 years, this metric has ranged from a low of 14.59 to a high of 1,053.95. The Banks industry median Pretax Margin % is 35.57. Horizon Bancorp (IN)'s value of 41.50% is 16.7% above this industry median. Based on the distribution chart, Horizon Bancorp (IN) ranks #1 out of 1525 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Bancorp (IN) has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Bancorp (IN)'s Pretax Margin % compare to CCNE and EQBK?
According to the Banks industry distribution chart, Horizon Bancorp (IN) ranks #1 out of 1525 companies for Pretax Margin %. This places Horizon Bancorp (IN) in the top 0% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 35.57. Horizon Bancorp (IN)'s value of 41.50% is 16.7% above this benchmark. Historically, Horizon Bancorp (IN)'s own Pretax Margin % has ranged from 14.59 to 1,053.95 over the past decade. While the company's 10-year median is 37.36 vs. the industry median of 35.57, Horizon Bancorp (IN) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 35.57, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horizon Bancorp (IN)'s current Pretax Margin % of 41.50% is 16.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Horizon Bancorp (IN) and its competitors. For the Banks industry, the median Pretax Margin % is 35.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Bancorp (IN)'s current Pretax Margin % is 41.50%, which is 11% above median its own 10-year median of 37.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Bancorp (IN) stock overvalued right now?
Horizon Bancorp (IN) (HBNC) has a current Pretax Margin % of 41.50%. The current Pretax Margin % is 41.50%, which is 11% above median its 10-year median of 37.36 and 16.7% above the Banks industry median of 35.57. Horizon Bancorp (IN)'s overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Horizon Bancorp (IN) (HBNC), the current Pretax Margin % is 41.50% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. The company has one principal business segment, commercial banking.
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