GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Huntington Bancshares Inc (MEX:HBAN) » Definitions » Tax Expense

Huntington Bancshares (MEX:HBAN) Tax Expense : MXN5,636 Mil (TTM As of Sep. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Huntington Bancshares Tax Expense?

Huntington Bancshares's tax expense for the months ended in Sep. 2024 was MXN2,284 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was MXN5,636 Mil.


Huntington Bancshares Tax Expense Historical Data

The historical data trend for Huntington Bancshares's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Huntington Bancshares Tax Expense Chart

Huntington Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,677.28 3,083.26 6,031.12 10,040.44 7,010.36

Huntington Bancshares Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,368.97 -16.97 1,427.28 1,941.93 2,284.08

Huntington Bancshares Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN5,636 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Huntington Bancshares  (MEX:HBAN) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Huntington Bancshares Tax Expense Related Terms

Thank you for viewing the detailed overview of Huntington Bancshares's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Huntington Bancshares Business Description

Address
41 South High Street, Columbus, OH, USA, 43287
Huntington is a regional us bank with around $200 billion in assets (as of September 2024) and has a large presence, particularly in the Midwestern market. It offers a full suite of consumer deposit and lending services, along with commercial services focused on payments, investment management, capital markets, equipment financing, treasury management, and other common banking services.