Huntington Bancshares Inc
NASDAQ:HBAN
Huntington Bancshares Inc
Tax Provision
Huntington Bancshares Inc
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Huntington Bancshares Inc
NASDAQ:HBAN
|
Tax Provision
-$443m
|
CAGR 3-Years
-15%
|
CAGR 5-Years
-12%
|
CAGR 10-Years
-7%
|
|
|
PNC Financial Services Group Inc
NYSE:PNC
|
Tax Provision
-$1.3B
|
CAGR 3-Years
-1%
|
CAGR 5-Years
-7%
|
CAGR 10-Years
1%
|
|
|
M&T Bank Corp
NYSE:MTB
|
Tax Provision
-$766m
|
CAGR 3-Years
-11%
|
CAGR 5-Years
-7%
|
CAGR 10-Years
-2%
|
|
|
Truist Financial Corp
NYSE:TFC
|
Tax Provision
$556m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Fifth Third Bancorp
NASDAQ:FITB
|
Tax Provision
-$602m
|
CAGR 3-Years
7%
|
CAGR 5-Years
3%
|
CAGR 10-Years
-1%
|
|
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
Tax Provision
-$815m
|
CAGR 3-Years
-74%
|
CAGR 5-Years
-43%
|
CAGR 10-Years
-29%
|
|
Huntington Bancshares Inc
Glance View
Founded in 1866, Huntington Bancshares Inc. embarked on its journey amidst the bustling growth of the American Midwest. Rooted deeply in Columbus, Ohio, the company has grown from a humble regional bank into a financial powerhouse, deftly navigating the ever-evolving landscape of the banking sector. At its core, Huntington is a regional bank holding company that serves both individuals and businesses, with a notable presence stretching across several states in the Midwest and stretching now to the broader national stage. The company's operations are structured around traditional banking activities—taking deposits and making loans—which serve as the backbone of its revenue stream. Despite the conservative nature of its primary activities, Huntington has embraced innovation, leveraging digital platforms and technology to enhance customer service and operational efficiency. Huntington's financial machinery is powered by a strategic combination of interest and non-interest income. By offering a diverse range of products, including checking accounts, savings accounts, and loans tailored to both consumer and commercial clients, it ensures a steady stream of interest income. The bank's adept lending strategies allow it to generate profit from the spread between loan interest and the interest it pays on deposits. Simultaneously, Huntington complements this with non-interest revenue derived from service fees, investment management services, and mortgage origination. The company has made significant investments into its digital banking platforms, reflecting a commitment to meet the changing demands of its customers while also aiming to maintain a competitive edge in a rapidly digitizing sector. Through strategic acquisitions and organic growth, Huntington endeavors to deepen its roots in the communities it serves, thus continuing its legacy as a reliable and trusted financial institution.
See Also
What is Huntington Bancshares Inc's Tax Provision?
Tax Provision
-443m
USD
Based on the financial report for Dec 31, 2024, Huntington Bancshares Inc's Tax Provision amounts to -443m USD.
What is Huntington Bancshares Inc's Tax Provision growth rate?
Tax Provision CAGR 10Y
-7%
Over the last year, the Tax Provision growth was -7%. The average annual Tax Provision growth rates for Huntington Bancshares Inc have been -15% over the past three years , -12% over the past five years , and -7% over the past ten years .
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