What is Huntington Bancshares's rbhpcg — provision (benefit) for income taxes?

Huntington Bancshares (HBAN) reported rbhpcg — provision (benefit) for income taxes of $22.00M in Q1 2023.

How has Huntington Bancshares's rbhpcg — provision (benefit) for income taxes changed year-over-year?

Huntington Bancshares's rbhpcg — provision (benefit) for income taxes increased by 340.0% year-over-year, from $5.00M to $22.00M.

What does rbhpcg — provision (benefit) for income taxes mean?

The tax expense or benefit attributed to the regional banking and private client segment.

Discontinued — last reported Q1 '23

Business Segments · Provision (benefit) for income taxes

RBHPCG — Provision (benefit) for income taxes

Huntington Bancshares RBHPCG — Provision (benefit) for income taxes increased by 144.4% to $22.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 340.0%, from $5.00M to $22.00M.

Analysis

StatementSegment

CategoryProfitability

SignalContext dependent

VolatilityStable

First reportedQ2 2015

Last reportedQ1 2023

Rolls up toIncome Tax

How to read this metric

Changes are generally driven by fluctuations in pre-tax income rather than operational performance, though effective tax rate shifts can provide insight into tax planning.

Detailed definition

The portion of the Regional Banking and Private Client Group's pre-tax income allocated for income tax obligations. This...

Peer comparison

Standard tax provision reporting for business segments.

Metric ID: hban_segment_rbhpcg_provision_benefit_for_income_taxes

Historical Data

8 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23
Value	$3.00M	$3.00M	$2.00M	$5.00M	$6.00M	$8.00M	$9.00M	$22.00M
QoQ Change	—	+0.0%	-33.3%	+150.0%	+20.0%	+33.3%	+12.5%	+144.4%
YoY Change	—	—	—	—	+100.0%	+166.7%	+350.0%	+340.0%

Range$2.00M – $22.00M

CAGR+212.2%

Avg YoY Growth+239.2%

Median YoY Growth+253.3%

Current Streak5 quarters growth

Similar Metrics at Other Companies

U.S. BancorpUSB View metric

Bank of AmericaBAC View metric

U.S. BancorpUSB View metric

Bank of AmericaBAC View metric

GLW

CorningGLW View metric

GLW

CorningGLW View metric

Frequently Asked Questions

What is Huntington Bancshares's rbhpcg — provision (benefit) for income taxes?: Huntington Bancshares (HBAN) reported rbhpcg — provision (benefit) for income taxes of $22.00M in Q1 2023.
How has Huntington Bancshares's rbhpcg — provision (benefit) for income taxes changed year-over-year?: Huntington Bancshares's rbhpcg — provision (benefit) for income taxes increased by 340.0% year-over-year, from $5.00M to $22.00M.
What does rbhpcg — provision (benefit) for income taxes mean?: The tax expense or benefit attributed to the regional banking and private client segment.