Huntington Bancshares (HBANZ) Bank-Owned Life Insurance Income (2009 - 2024)
Huntington Bancshares (HBANZ) recorded Bank-Owned Life Insurance Income of $7 million in Q3 2024, up 250.0% from $2 million a year earlier and up 250.0% from the prior quarter.
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Analysis
Huntington Bancshares (HBANZ) Bank-Owned Life Insurance Income (2009 - 2024) Analysis & Trends
On a TTM basis, Huntington Bancshares' Bank-Owned Life Insurance Income came in at $67 million as of Sep 30, 2024, up 139.3% year-over-year; for FY2023, it was $66 million, up 17.9% from FY2022.
- Annual Bank-Owned Life Insurance Income has a five-year compound annual growth rate of -0.3% (FY2018 to FY2023).
- Across earlier years, Bank-Owned Life Insurance Income came in at $56 million in FY2022 (-18.8%), $69 million in FY2021 (+7.8%), $64 million in FY2020 (-3.0%) and $66 million in FY2019 (-1.5%).
- Quarterly Bank-Owned Life Insurance Income has ranged from $2 million in Q3 2023 to $53 million in Q4 2023 over the past five years.
- On a year-over-year basis, Bank-Owned Life Insurance Income rose in three of the last eight quarters, with growth averaging 32.0%.
- Peak year-over-year performance for Bank-Owned Life Insurance Income in the last five years was growth of 253.3% in Q4 2023, against a decline of 89.3% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $2 million (Q2 2024), $5 million (Q1 2024) and $53 million (Q4 2023).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 2.00 Mn |
| Mar 31, 2024 | 5.00 Mn |
| Dec 31, 2023 | 53.00 Mn |
| Sep 30, 2023 | 2.00 Mn |
| Jun 30, 2023 | 8.00 Mn |
| Mar 31, 2023 | 3.00 Mn |
| Dec 31, 2022 | 15.00 Mn |
| Sep 30, 2022 | 13.00 Mn |
| Jun 30, 2022 | 12.00 Mn |
| Mar 31, 2022 | 28.00 Mn |
| Dec 31, 2021 | 22.00 Mn |
| Sep 30, 2021 | 15.00 Mn |
| Jun 30, 2021 | 16.00 Mn |
| Mar 31, 2021 | 16.00 Mn |
| Dec 31, 2020 | 15.00 Mn |
| Sep 30, 2020 | 17.00 Mn |
| Jun 30, 2020 | 17.00 Mn |
| Mar 31, 2020 | 16.00 Mn |
| Dec 31, 2019 | 17.00 Mn |
API Access
Huntington Bancshares Bank-Owned Life Insurance Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=bank-owned-life-insurance-income&ticker=HBANZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "bank-owned-life-insurance-income", "ticker": "HBANZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=bank-owned-life-insurance-income&ticker=HBANZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();