Income Tax
Huntington Bancshares Incorporated Income Tax increased by 5.6% to $114M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.6%, from $122M to $114M. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 11.8% CAGR.
Analysis
How to read this metric
Fluctuations often reflect changes in pre-tax income levels or shifts in the effective tax rate due to tax credits or regulatory changes.
Detailed definition
The total provision for income taxes calculated based on the bank's pre-tax income and applicable statutory tax rates. I...
Peer comparison
Tax expenses are generally consistent with peer banks of similar size and geographic footprint, barring specific tax planning strategies.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14M | $90M | $88M | $105M | $120M | $146M | $144M | $144M | $134M | $136M | $0 | $86M | $106M | $116M | $135M | $122M | $96M | $133M | $108M | $114M |
| QoQ Change | — | +542.9% | -2.2% | +19.3% | +14.3% | +21.7% | -1.4% | +0.0% | -6.9% | +1.5% | -100.0% | — | +23.3% | +9.4% | +16.4% | -9.6% | -21.3% | +38.5% | -18.8% | +5.6% |
| YoY Change | — | — | — | — | +757.1% | +62.2% | +63.6% | +37.1% | +11.7% | -6.8% | -100.0% | -40.3% | -20.9% | -14.7% | — | +41.9% | -9.4% | +14.7% | -20.0% | -6.6% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer & Regional Banking | $97M | $102M | $110M | $85M | $78M | $102M | $123M | $119M |
| Commercial Banking | $77M | $88M | $81M | $64M | $86M | $91M | $63M | $93M |
| Total | $106M | $116M | $135M | $122M | $96M | $133M | $108M | $114M |
RBHPCG, Vehicle Finance were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income Tax at Other Companies
Frequently Asked Questions
- What is Huntington Bancshares Incorporated 's income tax?
- Huntington Bancshares Incorporated (HBANZ) reported income tax of $114M in Q1 2026.
- How has Huntington Bancshares Incorporated 's income tax changed year-over-year?
- Huntington Bancshares Incorporated 's income tax decreased by 6.6% year-over-year, from $122M to $114M.
- What is the long-term trend for Huntington Bancshares Incorporated 's income tax?
- Over 4 years (2021 to 2025), Huntington Bancshares Incorporated 's income tax has grown at a 11.8% compound annual growth rate (CAGR), from $294M to $459M.
- What does income tax mean?
- The amount of tax the company owes on its pre-tax profits.