Discontinued — last reported Q1 '23
Business Segments · Provision (benefit) for income taxes
Vehicle Finance — Provision (benefit) for income taxes
Huntington Bancshares Vehicle Finance — Provision (benefit) for income taxes increased by 50.0% to $12.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 33.3%, from $18.00M to $12.00M.
Analysis
StatementSegment
CategoryOther
SignalContext dependent
VolatilityStable
First reportedQ3 2017
Last reportedQ1 2023
Rolls up toIncome Tax
How to read this metric
Fluctuations generally track with changes in the segment's pre-tax profitability.
Detailed definition
The portion of the bank's total income tax expense that is allocated to the vehicle finance segment. It represents the t...
Peer comparison
Standard tax allocation metric used in segment reporting across the banking industry.
Metric ID:
hban_segment_vehicle_finance_provision_benefit_for_income_taxesHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $21.00M | $22.00M | $21.00M | $18.00M | -$2.00M | $27.00M | $8.00M | $12.00M |
| QoQ Change | — | +4.8% | -4.5% | -14.3% | -111.1% | >999% | -70.4% | +50.0% |
| YoY Change | — | — | — | — | -109.5% | +22.7% | -61.9% | -33.3% |
Range-$2.00M – $27.00M
CAGR-27.4%
Avg YoY Growth-45.5%
Median YoY Growth-47.6%
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Frequently Asked Questions
- What is Huntington Bancshares's vehicle finance — provision (benefit) for income taxes?
- Huntington Bancshares (HBAN) reported vehicle finance — provision (benefit) for income taxes of $12.00M in Q1 2023.
- How has Huntington Bancshares's vehicle finance — provision (benefit) for income taxes changed year-over-year?
- Huntington Bancshares's vehicle finance — provision (benefit) for income taxes decreased by 33.3% year-over-year, from $18.00M to $12.00M.
- What does vehicle finance — provision (benefit) for income taxes mean?
- The income tax expense attributed to the vehicle finance segment.