Discontinued — last reported Q1 '23
Business Segments · Noninterest Expense
Vehicle Finance — Noninterest Expense
Huntington Bancshares Vehicle Finance — Noninterest Expense increased by 7.9% to $41.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 8.9%, from $45.00M to $41.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ3 2017
Last reportedQ1 2023
Rolls up toTotal Operating Expenses
How to read this metric
A decrease relative to revenue indicates improved operational efficiency and better cost management.
Detailed definition
The total operating costs incurred to run the vehicle finance segment, including personnel, technology, and administrati...
Peer comparison
Comparable to operating expense metrics in any business segment at peer banks.
Metric ID:
hban_segment_vehicle_finance_noninterest_expenseHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $37.00M | $48.00M | $43.00M | $45.00M | $41.00M | $41.00M | $38.00M | $41.00M |
| QoQ Change | — | +29.7% | -10.4% | +4.7% | -8.9% | +0.0% | -7.3% | +7.9% |
| YoY Change | — | — | — | — | +10.8% | -14.6% | -11.6% | -8.9% |
Range$37.00M – $48.00M
CAGR+6.0%
Avg YoY Growth-6.1%
Median YoY Growth-10.3%
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Frequently Asked Questions
- What is Huntington Bancshares's vehicle finance — noninterest expense?
- Huntington Bancshares (HBAN) reported vehicle finance — noninterest expense of $41.00M in Q1 2023.
- How has Huntington Bancshares's vehicle finance — noninterest expense changed year-over-year?
- Huntington Bancshares's vehicle finance — noninterest expense decreased by 8.9% year-over-year, from $45.00M to $41.00M.
- What does vehicle finance — noninterest expense mean?
- The total operating costs of the vehicle finance division.