Discontinued — last reported Q1 '23
Business Segments · Noninterest income from contracts with customers
Vehicle Finance — Noninterest income from contracts with customers
Huntington Bancshares Vehicle Finance — Noninterest income from contracts with customers increased by 50.0% to $3.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from $2.00M to $3.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2023Apr 28, 2023
Rolls up toTotal Revenue
How to read this metric
An increase indicates higher fee-based service activity or improved pricing power in vehicle-related services.
Detailed definition
This represents revenue generated from service-based contracts within the vehicle finance division, such as administrati...
Peer comparison
Common among regional banks with auto lending arms; peers report this as fee income from auto-related services.
Metric ID:
hban_segment_vehicle_finance_noninterest_income_from_contracts_with_customersHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $2.00M | $3.00M | $2.00M | $2.00M | $4.00M | $2.00M | $3.00M |
| QoQ Change | — | +100.0% | +50.0% | -33.3% | +0.0% | +100.0% | -50.0% | +50.0% |
| YoY Change | — | — | — | — | +100.0% | +100.0% | -33.3% | +50.0% |
Range$1.00M – $4.00M
CAGR+87.3%
Avg YoY Growth+54.2%
Median YoY Growth+75.0%
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Frequently Asked Questions
- What is Huntington Bancshares's vehicle finance — noninterest income from contracts with customers?
- Huntington Bancshares (HBAN) reported vehicle finance — noninterest income from contracts with customers of $3.00M in Q1 2023.
- How has Huntington Bancshares's vehicle finance — noninterest income from contracts with customers changed year-over-year?
- Huntington Bancshares's vehicle finance — noninterest income from contracts with customers increased by 50.0% year-over-year, from $2.00M to $3.00M.
- What does vehicle finance — noninterest income from contracts with customers mean?
- Revenue earned from service fees and contracts in the vehicle finance business.