Exhibit 99.2
HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Supplement
March 31, 2020
Table of Contents
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Notes:
The preparation of financial statement data in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period’s presentation.
Fully-Taxable Equivalent Basis
Interest income, yields, and ratios on a FTE basis are considered non-GAAP financial measures.  Management believes net interest income on a FTE basis provides a more accurate picture of the interest margin for comparison purposes.  The FTE basis also allows management to assess the comparability of revenue arising from both taxable and tax-exempt sources.  The FTE basis assumes a federal statutory tax rate of 21 percent.
Non-Regulatory Capital Ratios
In addition to capital ratios defined by banking regulators, the Company considers various other measures when evaluating capital utilization and adequacy, including:
•
Tangible common equity to tangible assets, and
•
Tangible common equity to risk-weighted assets using Basel III definition.
These non-regulatory capital ratios are viewed by management as useful additional methods of reflecting the level of capital available to withstand unexpected market conditions. Additionally, presentation of these ratios allows readers to compare the Company’s capitalization to other financial services companies. These ratios differ from capital ratios defined by banking regulators principally in that the numerator excludes preferred securities, the nature and extent of which varies among different financial services companies. These ratios are not defined in GAAP or federal banking regulations. As a result, these non-regulatory capital ratios disclosed by the Company may be considered non-GAAP financial measures.
Because there are no standardized definitions for these non-regulatory capital ratios, the Company’s calculation methods may differ from those used by other financial services companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in the related press release in their entirety, and not to rely on any single financial measure.



Huntington Bancshares Incorporated
Quarterly Key Statistics
(Unaudited)
 
Three Months Ended
 
 
 
 
 
(dollar amounts in millions, except per share data)
March 31,
 
December 31,
 
March 31,
 
 
Percent Changes vs.
2020
 
2019
 
2019
 
 
4Q19
 
1Q19
Net interest income (2)
$
796


$
786


$
829

 
 
1
 %
 
(4
)%
FTE adjustment
(6
)
 
(6
)
 
(7
)
 
 
—

 
14

Net interest income
790

 
780

 
822

 
 
1

 
(4
)
Provision for credit losses
441

 
79

 
67

 
 
458

 
558

Noninterest income
361

 
372

 
319

 
 
(3
)
 
13

Noninterest expense
652

 
701

 
653

 
 
(7
)
 
—

Income before income taxes
58

 
372

 
421

 
 
(84
)
 
(86
)
Provision for income taxes
10

 
55

 
63

 
 
(82
)
 
(84
)
Net income
48

 
317

 
358

 
 
(85
)
 
(87
)
Dividends on preferred shares
18

 
19

 
19

 
 
(5
)
 
(5
)
Net income applicable to common shares
$
30

 
$
298

 
$
339

 
 
(90
)%
 
(91
)%
 
 
 
 
 
 
 
 


 


Net income per common share - diluted
$
0.03

 
$
0.28

 
$
0.32

 
 
(89
)%
 
(91
)%
Cash dividends declared per common share
0.15

 
0.15

 
0.14

 
 
—

 
7

Tangible book value per common share at end of period
8.28

 
8.25

 
7.67

 
 
—

 
8

Number of common shares repurchased
7,088

 
13,104

 
1,833

 
 
(46
)
 
287

Average common shares - basic
1,018

 
1,029

 
1,047

 
 
(1
)
 
(3
)
Average common shares - diluted
1,035

 
1,047

 
1,066

 
 
(1
)
 
(3
)
Ending common shares outstanding
1,014

 
1,020

 
1,046

 
 
(1
)
 
(3
)
Return on average assets
0.17
 %
 
1.15
%
 
1.35
 %
 
 


 


Return on average common shareholders’ equity
1.1

 
11.1

 
13.8

 
 


 


Return on average tangible common shareholders’ equity (1)
1.8

 
14.3

 
18.3

 
 


 


Net interest margin (2)
3.14

 
3.12

 
3.39

 
 


 


Efficiency ratio (3)
55.4

 
58.4

 
55.8

 
 


 


Effective tax rate
17.0

 
14.8

 
15.0

 
 


 


Average total assets
$
110,147

 
$
108,713

 
$
107,511

 
 
1

 
2

Average earning assets
101,783

 
100,062

 
99,212

 
 
2

 
3

Average loans and leases
75,696

 
75,103

 
74,775

 
 
1

 
1

Average loans and leases - linked quarter annualized growth rate
3.2
 %
 
—
%
 
5.2
 %
 
 


 


Average total deposits
$
82,733

 
$
82,592

 
$
82,772

 
 
—

 
—

Average core deposits (4)
79,528

 
79,690

 
79,033

 
 
—

 
1

Average core deposits - linked quarter annualized growth rate
(0.8
)%
 
1.8
%
 
(0.2
)%
 
 


 


Average shareholders’ equity
11,636

 
11,884

 
11,156

 
 
(2
)
 
4

Average common total shareholders' equity
10,433

 
10,681

 
9,953

 
 
(2
)
 
5

Average tangible common shareholders' equity
8,264

 
8,503

 
7,746

 
 
(3
)
 
7

Total assets at end of period
113,897

 
109,002

 
108,203

 
 
4

 
5

Total shareholders’ equity at end of period
11,769

 
11,795

 
11,432

 
 
—

 
3

 
 
 
 
 
 
 
 
 
 
 
NCOs as a % of average loans and leases
0.62
 %
 
0.39
%
 
0.38
 %
 
 
 
 
 
NAL ratio
0.72

 
0.62

 
0.56

 
 
 
 
 
NPA ratio (5)
0.75

 
0.66

 
0.61

 
 


 


Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period
1.93

 
1.04

 
1.02

 
 
 
 
 
Common equity tier 1 risk-based capital ratio (6)
9.47

 
9.88

 
9.84

 
 
 
 
 
Tangible common equity / tangible asset ratio (7)
7.52

 
7.88

 
7.57

 
 
 
 
 
See Notes to the Quarterly Key Statistics.

1













Key Statistics Footnotes
(1)
Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 21% tax rate.
(2)
On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.
(3)
Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).
(4)
Includes noninterest-bearing and interest-bearing demand deposits, money market deposits, savings and other domestic deposits, and core certificates of deposit.
(5)
NPAs include other real estate owned.
(6)
March 31, 2020, figures are estimated.
(7)
Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate.



2













Huntington Bancshares Incorporated
Consolidated Balance Sheets
 
March 31,
 
December 31,
 

(dollar amounts in millions)
2020
 
2019
 
Percent Changes
 
(Unaudited)
 

 
 
Assets
 
 
 
 
 
Cash and due from banks
$
1,431

 
$
1,045

 
37
 %
Interest-bearing deposits in Federal Reserve Bank
336

 
125

 
169

Interest-bearing deposits in banks
137

 
102

 
34

Trading account securities
36

 
99

 
(64
)
Available-for-sale securities
14,622

 
14,149

 
3

Held-to-maturity securities
10,193

 
9,070

 
12

Other securities
488

 
441

 
11

Loans held for sale
997

 
877

 
14

Loans and leases (1)
78,035

 
75,404

 
3

Allowance for loan and lease losses
(1,504
)
 
(783
)
 
(92
)
Net loans and leases
76,531

 
74,621

 
3

Bank owned life insurance
2,551

 
2,542

 
—

Premises and equipment
743

 
763

 
(3
)
Goodwill
1,990

 
1,990

 
—

Service rights and other intangible assets
417

 
475

 
(12
)
Other assets
3,425

 
2,703

 
27

Total assets
$
113,897

 
$
109,002

 
4
 %
 
 
 
 
 


Liabilities and shareholders’ equity
 
 
 
 


Liabilities
 
 
 
 


Deposits (2)
$
86,830

 
$
82,347

 
5
 %
Short-term borrowings
2,826

 
2,606

 
8

Long-term debt
9,796

 
9,849

 
(1
)
Other liabilities
2,676

 
2,405

 
11

Total liabilities
102,128

 
97,207

 
5

 
 
 
 
 


Shareholders' equity
 
 
 
 


Preferred stock
1,203

 
1,203

 
—

Common stock
10

 
10

 
—

Capital surplus
8,728

 
8,806

 
(1
)
Less treasury shares, at cost
(56
)
 
(56
)
 
—

Accumulated other comprehensive loss
227

 
(256
)
 
189

Retained earnings (deficit)
1,657

 
2,088

 
(21
)
Total shareholders’ equity
11,769

 
11,795

 
—

Total liabilities and shareholders’ equity
$
113,897

 
$
109,002

 
4
 %
 
 
 
 
 
 
Common shares authorized (par value of $0.01)
1,500,000,000

 
1,500,000,000

 
 
Common shares outstanding
1,014,218,094

 
1,020,003,482

 
 
Treasury shares outstanding
4,534,022

 
4,537,605

 
 
Preferred stock, authorized shares
6,617,808

 
6,617,808

 
 
Preferred shares outstanding
740,500

 
740,500

 
 
(1)
See page 5 for detail of loans and leases.
(2)
See page 6 for detail of deposits.

3













Huntington Bancshares Incorporated
Loans and Leases Composition
(Unaudited)
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Ending Balances by Type:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
32,959

 
42
%
 
$
30,664

 
41
%
 
$
30,394

 
41
%
 
$
30,608

 
41
%
 
$
30,972

 
41
%
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
1,180

 
2

 
1,123

 
1

 
1,157

 
2

 
1,146

 
1

 
1,152

 
2

Commercial
5,793

 
7

 
5,551

 
7

 
5,698

 
8

 
5,742

 
8

 
5,643

 
8

Commercial real estate
6,973

 
9

 
6,674

 
8

 
6,855

 
10

 
6,888

 
9

 
6,795

 
10

Total commercial
39,932

 
51

 
37,338

 
49

 
37,249

 
51

 
37,496

 
50

 
37,767

 
51

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
12,907

 
17

 
12,797

 
17

 
12,292

 
15

 
12,173

 
16

 
12,272

 
16

Home equity
9,010

 
11

 
9,093

 
12

 
9,300

 
12

 
9,419

 
12

 
9,551

 
13

Residential mortgage
11,398

 
15

 
11,376

 
15

 
11,247

 
15

 
11,182

 
15

 
10,885

 
14

RV and marine
3,643

 
5

 
3,563

 
5

 
3,553

 
5

 
3,492

 
5

 
3,344

 
4

Other consumer
1,145

 
1

 
1,237

 
2

 
1,251

 
2

 
1,271

 
2

 
1,260

 
2

Total consumer
38,103

 
49

 
38,066

 
51

 
37,643

 
49

 
37,537

 
50

 
37,312

 
49

Total loans and leases
$
78,035

 
100
%
 
$
75,404

 
100
%
 
$
74,892

 
100
%
 
$
75,033

 
100
%
 
$
75,079

 
100
%

 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Ending Balances by Business Segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Business Banking
$
21,544

 
28
%
 
$
21,716

 
29
%
 
$
21,963

 
30
%
 
$
22,128

 
30
%
 
$
22,175

 
29
%
Commercial Banking
29,421

 
38

 
27,050

 
36

 
27,090

 
36

 
27,311

 
36

 
27,554

 
37

Vehicle Finance
20,552

 
26

 
20,190

 
27

 
19,484

 
26

 
19,417

 
26

 
19,332

 
26

RBHPCG
6,457

 
8

 
6,366

 
8

 
6,294

 
8

 
6,179

 
8

 
5,954

 
8

Treasury / Other
61

 
—

 
82

 
—

 
61

 
—

 
(2
)
 
—

 
64

 
—

Total loans and leases
$
78,035

 
100
%
 
$
75,404

 
100
%
 
$
74,892

 
100
%
 
$
75,033

 
100
%
 
$
75,079

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average Balances by Business Segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Business Banking
$
21,593

 
29
%
 
$
21,845

 
30
%
 
$
22,092

 
30
%
 
$
22,139

 
30
%
 
$
22,241

 
30
%
Commercial Banking
27,238

 
36

 
26,993

 
36

 
27,295

 
36

 
27,350

 
36

 
27,174

 
36

Vehicle Finance
20,307

 
27

 
19,852

 
26

 
19,370

 
26

 
19,298

 
26

 
19,340

 
26

RBHPCG
6,415

 
8

 
6,314

 
8

 
6,237

 
8

 
6,054

 
8

 
5,920

 
8

Treasury / Other
143

 
—

 
99

 
—

 
102

 
—

 
91

 
—

 
100

 
—

Total loans and leases
$
75,696

 
100
%
 
$
75,103

 
100
%
 
$
75,096

 
100
%
 
$
74,932

 
100
%
 
$
74,775

 
100
%


4













Huntington Bancshares Incorporated
Deposits Composition
(Unaudited)
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Ending Balances by Type:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand deposits - noninterest-bearing
$
21,039

 
24
%
 
$
20,247

 
25
%
 
$
20,553

 
25
%
 
$
19,383

 
24
%
 
$
20,036

 
24
%
Demand deposits - interest-bearing
23,115

 
27

 
20,583

 
25

 
19,976

 
24

 
19,085

 
24

 
19,906

 
24

Money market deposits
25,068

 
29

 
24,726

 
30

 
23,977

 
29

 
23,952

 
30

 
22,931

 
28

Savings and other domestic deposits
9,845

 
11

 
9,549

 
12

 
9,566

 
12

 
9,803

 
12

 
10,277

 
13

Core certificates of deposit (1)
3,599

 
4

 
4,356

 
5

 
5,443

 
7

 
5,703

 
7

 
6,007

 
7

Total core deposits
82,666

 
95

 
79,461

 
97

 
79,515

 
97

 
77,926

 
97

 
79,157

 
96

Other domestic deposits of $250,000 or more
276

 
—

 
313

 
—

 
326

 
—

 
316

 
—

 
313

 
1

Brokered deposits and negotiable CDs
3,888

 
5

 
2,573

 
3

 
2,554

 
3

 
2,640

 
3

 
2,685

 
3

Total deposits
$
86,830

 
100
%
 
$
82,347

 
100
%
 
$
82,395

 
100
%
 
$
80,882

 
100
%
 
$
82,155

 
100
%
Total core deposits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
38,064

 
46
%
 
$
34,957

 
44
%
 
$
35,247

 
44
%
 
$
33,371

 
43
%
 
$
33,546

 
42
%
Consumer
44,602

 
54

 
44,504

 
56

 
44,268

 
56

 
44,555

 
57

 
45,611

 
58

Total core deposits
$
82,666

 
100
%
 
$
79,461

 
100
%
 
$
79,515

 
100
%
 
$
77,926

 
100
%
 
$
79,157

 
100
%
Ending Balances by Business Segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Business Banking
$
51,898

 
60
%
 
$
51,675

 
63
%
 
$
51,671

 
63
%
 
$
51,577

 
64
%
 
$
52,354

 
64
%
Commercial Banking
23,530

 
27

 
20,762

 
25

 
21,088

 
26

 
20,049

 
25

 
20,543

 
25

Vehicle Finance
525

 
1

 
376

 
—

 
363

 
—

 
339

 
—

 
327

 
—

RBHPCG
6,265

 
7

 
6,370

 
8

 
6,101

 
7

 
5,863

 
7

 
5,959

 
7

Treasury / Other (2)
4,612

 
5

 
3,164

 
4

 
3,172

 
4

 
3,054

 
4

 
2,972

 
4

Total deposits
$
86,830

 
100
%
 
$
82,347

 
100
%
 
$
82,395

 
100
%
 
$
80,882

 
100
%
 
$
82,155

 
100
%
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Average Balances by Business Segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer and Business Banking
$
51,296

 
62
%
 
$
52,059

 
63
%
 
$
51,604

 
63
%
 
$
51,935

 
64
%
 
$
50,961

 
62
%
Commercial Banking
21,525

 
26

 
20,974

 
25

 
21,227

 
26

 
20,361

 
25

 
21,739

 
26

Vehicle Finance
366

 
—

 
347

 
—

 
359

 
—

 
322

 
—

 
305

 
—

RBHPCG
6,100

 
7

 
6,113

 
7

 
5,958

 
7

 
5,918

 
7

 
5,942

 
7

Treasury / Other (2)
3,446

 
5

 
3,099

 
5

 
3,101

 
4

 
3,182

 
4

 
3,825

 
5

Total deposits
$
82,733

 
100
%
 
$
82,592

 
100
%
 
$
82,249

 
100
%
 
$
81,718

 
100
%
 
$
82,772

 
100
%
(1)
Includes consumer certificates of deposit of $250,000 or more.
(2)
Comprised primarily of national market deposits.

5













Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)
 
Quarterly Average Balances (1)
 
 
 
 
 
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
 
 
Percent Changes vs.
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
 
 
4Q19
 
1Q19
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest-bearing deposits in Federal Reserve Bank
$
680

 
$
672

 
$
514

 
$
518

 
$
501

 
 
1
 %
 
36
 %
Interest-bearing deposits in banks
150

 
176

 
149

 
135

 
109

 
 
(15
)
 
38

Securities:
 
 
 
 
 
 
 
 
 
 
 


 


Trading account securities
95

 
109

 
137

 
161

 
138

 
 
(13
)
 
(31
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 


 


Taxable
11,671

 
11,221

 
11,096

 
10,501

 
10,752

 
 
4

 
9

Tax-exempt
2,753

 
2,791

 
2,820

 
2,970

 
3,048

 
 
(1
)
 
(10
)
Total available-for-sale securities
14,424


14,012


13,916


13,471


13,800

 
 
3

 
5

Held-to-maturity securities - taxable
9,428

 
8,592

 
8,566

 
8,771

 
8,653

 
 
10

 
9

Other securities
445

 
448

 
437

 
466

 
536

 
 
(1
)
 
(17
)
Total securities
24,392


23,161


23,056


22,869


23,127

 
 
5

 
5

Loans held for sale
865

 
950

 
877

 
734

 
700

 
 
(9
)
 
24

Loans and leases: (2)
 
 
 
 
 
 
 
 
 
 
 


 


Commercial:
 
 
 
 
 
 
 
 
 
 
 


 


Commercial and industrial
30,849

 
30,373

 
30,632

 
30,644

 
30,546

 
 
2

 
1

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 


 


Construction
1,165

 
1,181

 
1,165

 
1,168

 
1,174

 
 
(1
)
 
(1
)
Commercial
5,566

 
5,625

 
5,762

 
5,732

 
5,686

 
 
(1
)
 
(2
)
Commercial real estate
6,731

 
6,806

 
6,927

 
6,900

 
6,860

 
 
(1
)
 
(2
)
Total commercial
37,580


37,179


37,559


37,544


37,406

 
 
1

 
—

Consumer:
 
 
 
 
 
 
 
 
 
 
 


 


Automobile
12,924

 
12,607

 
12,181

 
12,219

 
12,361

 
 
3

 
5

Home equity
9,026

 
9,192

 
9,353

 
9,482

 
9,641

 
 
(2
)
 
(6
)
Residential mortgage
11,391

 
11,330

 
11,214

 
11,010

 
10,787

 
 
1

 
6

RV and marine
3,590

 
3,564

 
3,528

 
3,413

 
3,296

 
 
1

 
9

Other consumer
1,185

 
1,231

 
1,261

 
1,264

 
1,284

 
 
(4
)
 
(8
)
Total consumer
38,116


37,924


37,537


37,388


37,369

 
 
1

 
2

Total loans and leases
75,696

 
75,103

 
75,096

 
74,932

 
74,775

 
 
1

 
1

Allowance for loan and lease losses
(1,239
)
 
(787
)
 
(799
)
 
(778
)
 
(780
)
 
 
(57
)
 
(59
)
Net loans and leases
74,457


74,316


74,297


74,154


73,995

 
 
—

 
1

Total earning assets
101,783


100,062


99,692


99,188


99,212

 
 
2

 
3

Cash and due from banks
914

 
864

 
817

 
835

 
853

 
 
6

 
7

Intangible assets
2,217

 
2,228

 
2,240

 
2,252

 
2,265

 
 
—

 
(2
)
All other assets
6,472

 
6,346

 
6,216

 
5,982

 
5,961

 
 
2

 
9

Total assets
$
110,147


$
108,713


$
108,166


$
107,479


$
107,511

 
 
1
 %
 
2
 %
Liabilities and shareholders’ equity

 
 
 
 
 
 
 
 
 
 


 


Interest-bearing deposits:

 
 
 
 
 
 
 
 
 
 


 


Demand deposits - interest-bearing
$
21,202

 
$
20,140

 
$
19,796

 
$
19,693

 
$
19,770

 
 
5
 %
 
7
 %
Money market deposits
24,697

 
24,560

 
24,266

 
23,305

 
22,935

 
 
1

 
8

Savings and other domestic deposits
9,632

 
9,552

 
9,681

 
10,105

 
10,338

 
 
1

 
(7
)
Core certificates of deposit (3)
3,943

 
4,795

 
5,666

 
5,860

 
6,052

 
 
(18
)
 
(35
)
Other domestic deposits of $250,000 or more
321

 
313

 
315

 
310

 
335

 
 
3

 
(4
)
Brokered deposits and negotiable CDs
2,884

 
2,589

 
2,599

 
2,685

 
3,404

 
 
11

 
(15
)
Total interest-bearing deposits
62,679


61,949


62,323


61,958


62,834

 
 
1

 
—

Short-term borrowings
3,383

 
1,965

 
2,331

 
3,166

 
2,320

 
 
72

 
46

Long-term debt
10,076

 
9,886

 
9,536

 
8,914

 
8,979

 
 
2

 
12

Total interest-bearing liabilities
76,138


73,800


74,190


74,038


74,133

 
 
3

 
3

Demand deposits - noninterest-bearing
20,054

 
20,643

 
19,926

 
19,760

 
19,938

 
 
(3
)
 
1

All other liabilities
2,319

 
2,386

 
2,336

 
2,206

 
2,284

 
 
(3
)
 
2

Shareholders’ equity
11,636

 
11,884

 
11,714

 
11,475

 
11,156

 
 
(2
)
 
4

Total liabilities and shareholders’ equity
$
110,147


$
108,713


$
108,166


$
107,479


$
107,511

 
 
1
 %
 
2
 %
(1)
Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
(2)
Includes nonaccrual loans.
(3)
Includes consumer certificates of deposit of $250,000 or more.


6













Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin - Interest Income / Expense (1)(2)
(Unaudited)
 
Quarterly Interest Income / Expense
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Assets
 
 
 
 
 
 
 
 
 
Interest-bearing deposits in Federal Reserve Bank
$
2

 
$
3

 
$
3

 
$
3

 
$
3

Interest-bearing deposits in banks
1

 
1

 
1

 
—

 
1

Securities:
 
 
 
 
 
 
 
 
 
Trading account securities
1

 
1

 
—

 
1

 
1

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
Taxable
76

 
73

 
74

 
72

 
76

Tax-exempt
23

 
24

 
26

 
27

 
28

Total available-for-sale securities
99

 
97

 
100

 
99

 
104

Held-to-maturity securities - taxable
59

 
54

 
54

 
56

 
54

Other securities
2

 
3

 
3

 
4

 
6

Total securities
161


155


157


160


165

Loans held for sale
7

 
8

 
9

 
7

 
7

Loans and leases:
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
318

 
335

 
358

 
373

 
375

Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction
14

 
15

 
16

 
17

 
16

Commercial
56

 
63

 
68

 
71

 
71

Commercial real estate
70

 
78

 
84

 
88

 
87

Total commercial
388


413


442


461


462

Consumer:
 
 
 
 
 
 
 
 
 
Automobile
130

 
131

 
126

 
123

 
120

Home equity
107

 
117

 
127

 
131

 
133

Residential mortgage
105

 
105

 
107

 
106

 
104

RV and marine
44

 
45

 
44

 
42

 
40

Other consumer
36

 
39

 
42

 
42

 
42

Total consumer
422

 
437

 
446

 
444

 
439

Total loans and leases
810


850


888


905


901

Total earning assets
$
981


$
1,017


$
1,058


$
1,075


$
1,077

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Interest-bearing deposits:
 
 
 
 
 
 
 
 
 
Demand deposits - interest-bearing
$
23

 
$
32

 
$
29

 
$
28

 
$
27

Money market deposits
50

 
61

 
73

 
67

 
59

Savings and other domestic deposits
4

 
5

 
5

 
6

 
6

Core certificates of deposit (3)
19

 
25

 
31

 
32

 
31

Other domestic deposits of $250,000 or more
1

 
3

 
1

 
1

 
2

Brokered deposits and negotiable CDs
8

 
10

 
15

 
16

 
20

Total interest-bearing deposits
105


136


154


150


145

Short-term borrowings
12

 
8

 
13

 
19

 
14

Long-term debt
68

 
87

 
86

 
87

 
89

Total interest bearing liabilities
185


231


253


256


248

Net interest income
$
796


$
786


$
805


$
819


$
829

(1)
Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page 9 for the FTE adjustment.
(2)
Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
(3)
Includes consumer certificates of deposit of $250,000 or more.



7













Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin - Yield
(Unaudited)
 
 Quarterly Average Rates
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
Fully-taxable equivalent basis (1)
2020
 
2019
 
2019
 
2019
 
2019
Assets
 
 
 
 
 
 
 
 
 
Interest-bearing deposits in Federal Reserve Bank
1.08
%
 
1.66
%
 
2.19
%
 
2.38
%
 
2.40
%
Interest-bearing deposits in banks
1.52

 
1.81

 
2.38

 
2.08

 
1.75

Securities:
 
 
 
 
 
 
 
 
 
Trading account securities
3.21

 
2.45

 
2.36

 
1.92

 
2.03

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
Taxable
2.62

 
2.63

 
2.67

 
2.73

 
2.82

Tax-exempt
3.30

 
3.43

 
3.63

 
3.66

 
3.69

Total available-for-sale securities
2.75

 
2.79

 
2.87

 
2.94

 
3.01

Held-to-maturity securities - taxable
2.50

 
2.50

 
2.51

 
2.54

 
2.52

Other securities
2.07

 
2.57

 
3.15

 
3.44

 
4.51

Total securities
2.64

 
2.68

 
2.74

 
2.79

 
2.86

Loans held for sale
3.39

 
3.40

 
3.69

 
4.00

 
4.07

Loans and leases: (3)
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
4.12

 
4.31

 
4.57

 
4.82

 
4.91

Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction
4.75

 
5.07

 
5.50

 
5.59

 
5.58

Commercial
4.00

 
4.36

 
4.67

 
4.88

 
5.00

Commercial real estate
4.13

 
4.48

 
4.81

 
5.00

 
5.10

Total commercial
4.12

 
4.34

 
4.61

 
4.85

 
4.94

Consumer:
 
 
 
 
 
 
 
 
 
Automobile
4.05

 
4.15

 
4.09

 
4.02

 
3.95

Home equity
4.75

 
5.03

 
5.38

 
5.56

 
5.61

Residential mortgage
3.70

 
3.73

 
3.80

 
3.84

 
3.86

RV and marine
4.91

 
4.96

 
4.96

 
4.94

 
4.96

Other consumer
12.39

 
12.71

 
13.34

 
13.29

 
13.07

Total consumer
4.45

 
4.59

 
4.72

 
4.76

 
4.75

Total loans and leases
4.29

 
4.47

 
4.67

 
4.80

 
4.85

Total earning assets
3.88

 
4.03

 
4.21

 
4.35

 
4.40

Liabilities
 
 
 
 
 
 
 
 
 
Interest-bearing deposits:
 
 
 
 
 
 
 
 
 
Demand deposits - interest-bearing
0.43

 
0.63

 
0.57

 
0.58

 
0.56

Money market deposits
0.81

 
0.99

 
1.20

 
1.15

 
1.04

Savings and other domestic deposits
0.17

 
0.20

 
0.22

 
0.23

 
0.23

Core certificates of deposit (4)
1.91

 
2.09

 
2.17

 
2.15

 
2.11

Other domestic deposits of $250,000 or more
1.56

 
1.70

 
1.85

 
1.92

 
1.82

Brokered deposits and negotiable CDs
1.22

 
1.67

 
2.21

 
2.39

 
2.38

Total interest-bearing deposits
0.68

 
0.87

 
0.98

 
0.97

 
0.94

Short-term borrowings
1.46

 
1.66

 
2.28

 
2.41

 
2.41

Long-term debt
2.70

 
3.50

 
3.59

 
3.91

 
3.98

Total interest-bearing liabilities
0.98

 
1.24

 
1.36

 
1.39

 
1.35

Demand deposits - noninterest-bearing
—

 
—

 
—

 
—

 
—

Net interest rate spread
2.90

 
2.79

 
2.85

 
2.96

 
3.05

Impact of noninterest-bearing funds on margin
0.24

 
0.33

 
0.35

 
0.35

 
0.34

Net interest margin
3.14
%
 
3.12
%
 
3.20
%
 
3.31
%
 
3.39
%
Commercial Loan Derivative Impact
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
Average Rates
 
2020
 
2019
 
2019
 
2019
 
2019
Fully-taxable equivalent basis (1)
First
 
Fourth
 
Third
 
Second
 
First
Commercial loans (2)(3)
4.08
%
 
4.36
 %
 
4.70
 %
 
4.88
 %
 
4.95
 %
Impact of commercial loan derivatives
0.04

 
(0.02
)
 
(0.09
)
 
(0.03
)
 
(0.01
)
Total commercial - as reported
4.12
%
 
4.34
 %
 
4.61
 %
 
4.85
 %
 
4.94
 %
 
 
 
 
 
 
 
 
 
 
Average 1 Month LIBOR
1.41
%
 
1.79
 %
 
2.18
 %
 
2.44
 %
 
2.50
 %
(1)
Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 9 for the FTE adjustment.
(2)
Yield/rates exclude the effects of hedge and risk management activities associated with the respective asset and liability categories.
(3)
Includes nonaccrual loans.
(4)
Includes consumer certificates of deposit of $250,000 or more.

8













Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)
 
Three Months Ended
(dollar amounts in millions, except per share data)
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
2020
 
2019
 
2019
 
2019
 
2019
Interest income
$
975

 
$
1,011

 
$
1,052

 
$
1,068

 
$
1,070

Interest expense
185

 
231

 
253

 
256

 
248

Net interest income
790

 
780

 
799

 
812

 
822

Provision for credit losses
441

 
79

 
82

 
59

 
67

Net interest income after provision for credit losses
349

 
701

 
717

 
753

 
755

Service charges on deposit accounts
87

 
95

 
98

 
92

 
87

Card and payment processing income
58

 
64

 
64

 
63

 
56

Trust and investment management services
47

 
47

 
44

 
43

 
44

Mortgage banking income
58

 
58

 
54

 
34

 
21

Capital markets fees
33

 
31

 
36

 
34

 
22

Insurance income
23

 
24

 
20

 
23

 
21

Bank owned life insurance income
16

 
17

 
18

 
15

 
16

Gain on sale of loans and leases
8

 
16

 
13

 
13

 
13

Net (losses) gains on sales of securities
—

 
(22
)
 
—

 
(2
)
 
—

Other noninterest income
31

 
42

 
42

 
59

 
39

Total noninterest income
361

 
372

 
389

 
374

 
319

Personnel costs
395

 
426

 
406

 
428

 
394

Outside data processing and other services
85

 
89

 
87

 
89

 
81

Equipment
41

 
42

 
41

 
40

 
40

Net occupancy
40

 
41

 
38

 
38

 
42

Professional services
11

 
14

 
16

 
12

 
12

Amortization of intangibles
11

 
12

 
12

 
12

 
13

Marketing
9

 
9

 
10

 
11

 
7

Deposit and other insurance expense
9

 
10

 
8

 
8

 
8

Other noninterest expense
51

 
58

 
49

 
62

 
56

Total noninterest expense
652

 
701

 
667

 
700

 
653

Income before income taxes
58

 
372

 
439

 
427

 
421

Provision for income taxes
10

 
55

 
67

 
63

 
63

Net income
48

 
317

 
372

 
364

 
358

Dividends on preferred shares
18

 
19

 
18

 
18

 
19

Net income applicable to common shares
$
30

 
$
298

 
$
354

 
$
346

 
$
339

 
 
 
 
 
 
 
 
 
 
Average common shares - basic
1,018

 
1,029

 
1,035

 
1,045

 
1,047

Average common shares - diluted
1,035

 
1,047

 
1,051

 
1,060

 
1,066

 
 
 
 
 
 
 
 
 
 
Per common share
 
 
 
 
 
 
 
 
 
Net income - basic
$
0.03

 
$
0.29

 
$
0.34

 
$
0.33

 
$
0.32

Net income - diluted
0.03

 
0.28

 
0.34

 
0.33

 
0.32

Cash dividends declared
0.15

 
0.15

 
0.15

 
0.14

 
0.14

 
 
 
 
 
 
 
 
 
 
Revenue - fully-taxable equivalent (FTE)
 
 
 
 
 
 
 
 
 
Net interest income
$
790

 
$
780

 
$
799

 
$
812

 
$
822

FTE adjustment
6

 
6

 
6

 
7

 
7

Net interest income (1)
796

 
786

 
805

 
819

 
829

Noninterest income
361

 
372

 
389

 
374

 
319

Total revenue (1)
$
1,157

 
$
1,158

 
$
1,194

 
$
1,193

 
$
1,148

(1)
On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.


9













Huntington Bancshares Incorporated
Quarterly Mortgage Banking Noninterest Income
(Unaudited)
 
Three Months Ended
 
 
 
 
 
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
 
 
Percent Changes vs.
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
 
 
4Q19
 
1Q19
Net origination and secondary marketing income
$
45

 
$
43

 
$
42

 
$
30

 
$
17

 
 
5
 %
 
165
 %
Net mortgage servicing income
 
 
 
 
 
 
 
 
 
 
 

 

          Loan servicing income
16

 
15

 
15

 
15

 
14

 
 
7

 
14

          Amortization of capitalized servicing
(9
)
 
(13
)
 
(13
)
 
(10
)
 
(9
)
 
 
31

 
—

    Operating income
7

 
2

 
2

 
5

 
5

 
 
250

 
40

          MSR valuation adjustment (1)
(53
)
 
25

 
(11
)
 
(19
)
 
(10
)
 
 
(312
)
 
(430
)
          Gains (losses) due to MSR hedging
57

 
(14
)
 
19

 
17

 
7

 
 
507

 
714

     Net MSR risk management
4


11


8


(2
)

(3
)
 
 
(64
)
 
233

Total net mortgage servicing income
$
11

 
$
13

 
$
10

 
$
3

 
$
2

 
 
(15
)%
 
450
 %
All other
2

 
2

 
2

 
1

 
2

 
 
—

 
—

Mortgage banking income
$
58

 
$
58

 
$
54

 
$
34

 
$
21

 
 
—
 %
 
176
 %

 
 
 
 
 
 
 
 
 
 
 


 


Mortgage origination volume
$
2,136

 
$
2,490

 
$
2,097

 
$
1,922

 
$
1,235

 
 
(14
)%
 
73
 %
Mortgage origination volume for sale
1,409

 
1,518

 
1,483

 
1,181

 
756

 
 
(7
)
 
86


 
 
 
 
 
 
 
 
 
 
 


 


Third party mortgage loans serviced (2)
22,775

 
22,425

 
21,674

 
21,486

 
21,346

 
 
2

 
7

Mortgage servicing rights (2)
165

 
212

 
180

 
192

 
212

 
 
(22
)
 
(22
)
MSR % of investor servicing portfolio (2)
0.72
%
 
0.95
%
 
0.83
%
 
0.90
%
 
0.99
%
 
 
(24
)%
 
(27
)%
(1)
The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.
(2)
At period end.

10













Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)
 
Three Months Ended
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Allowance for loan and lease losses, beginning of period
$
783

 
$
783

 
$
774

 
$
764

 
$
772

Cumulative-effect of change in accounting principle for financial instruments - credit losses (ASU 2016-13)
391

 
—

 
—

 
—

 
—

Loan and lease losses
(136
)
 
(93
)
 
(102
)
 
(70
)
 
(97
)
Recoveries of loans previously charged off
19

 
20

 
29

 
22

 
26

Net loan and lease losses
(117
)
 
(73
)
 
(73
)
 
(48
)
 
(71
)
Provision for loan and lease losses
447

 
74

 
82

 
58

 
63

Allowance of assets sold or transferred to loans held for sale
—

 
(1
)
 
—

 
—

 
—

Allowance for loan and lease losses, end of period
1,504

 
783

 
783

 
774

 
764

Allowance for unfunded loan commitments and letters of credit, beginning of period
104

 
101

 
101

 
100

 
96

Cumulative-effect of change in accounting principle for financial instruments - credit losses (ASU 2016-13)
2

 


 


 


 


Provision for (reduction in) unfunded loan commitments and letters of credit losses
(6
)
 
5

 
—

 
1

 
4

Unfunded commitment losses
(1
)
 
(2
)
 
—

 
—

 
—

Allowance for unfunded loan commitments and letters of credit, end of period
99


104


101


101


100

Total allowance for credit losses, end of period
$
1,603

 
$
887

 
$
884

 
$
875

 
$
864

Allowance for loan and lease losses (ALLL) as % of:
 
 
 
 
 
 
 
 
 
Total loans and leases
1.93
%
 
1.04
%
 
1.05
%
 
1.03
%
 
1.02
%
Nonaccrual loans and leases (NALs)
270

 
167

 
179

 
182

 
183

Nonperforming assets (NPAs)
257

 
157

 
163

 
168

 
166

Total allowance for credit losses (ACL) as % of:
 
 
 
 
 
 
 
 
 
Total loans and leases
2.05
%
 
1.18
%
 
1.18
%
 
1.17
%
 
1.15
%
Nonaccrual loans and leases (NALs)
287

 
190

 
202

 
206

 
207

Nonperforming assets (NPAs)
273

 
178

 
184

 
190

 
186



11













Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis
(Unaudited)
 
Three Months Ended
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Net charge-offs by loan and lease type:
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
84

 
$
36

 
$
40

 
$
21

 
$
31

Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction
—

 
—

 
(1
)
 
(1
)
 
—

Commercial
(1
)
 
—

 
(1
)
 
(2
)
 
2

Commercial real estate
(1
)

—


(2
)

(3
)

2

Total commercial
83


36


38


18


33

Consumer:
 
 
 
 
 
 
 
 
 
Automobile
7

 
9

 
8

 
5

 
10

Home equity
5

 
1

 
2

 
2

 
3

Residential mortgage
1

 
1

 
1

 
1

 
3

RV and marine
2

 
4

 
2

 
2

 
3

Other consumer
19

 
22

 
22

 
20

 
19

Total consumer
34

 
37

 
35

 
30

 
38

Total net charge-offs
$
117

 
$
73

 
$
73

 
$
48

 
$
71

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
 
2020
 
2019
 
2019
 
2019
 
2019
Net charge-offs - annualized percentages:
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
1.09
 %
 
0.47
 %
 
0.52
 %
 
0.27
 %
 
0.41
 %
Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction
0.08

 
(0.03
)
 
(0.40
)
 
(0.08
)
 
(0.11
)
Commercial
(0.06
)
 
0.01

 
(0.09
)
 
(0.12
)
 
0.12

Commercial real estate
(0.03
)
 
—

 
(0.14
)
 
(0.12
)
 
0.08

Total commercial
0.89

 
0.38

 
0.40

 
0.20

 
0.35

Consumer:
 
 
 
 
 
 
 
 
 
Automobile
0.22

 
0.30

 
0.26

 
0.17

 
0.32

Home equity
0.19

 
0.02

 
0.11

 
0.07

 
0.12

Residential mortgage
0.02

 
0.04

 
0.03

 
0.05

 
0.10

RV and marine
0.27

 
0.39

 
0.23

 
0.25

 
0.39

Other consumer
6.45

 
7.26

 
7.07

 
6.02

 
6.29

Total consumer
0.35

 
0.39

 
0.38

 
0.31

 
0.41

Net charge-offs as a % of average loans
0.62
 %
 
0.39
 %
 
0.39
 %
 
0.25
 %
 
0.38
 %




12













Huntington Bancshares Incorporated
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)
(Unaudited)
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Nonaccrual loans and leases (NALs):
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
396

 
$
323

 
$
291

 
$
281

 
$
271

Commercial real estate
30

 
10

 
12

 
17

 
9

Automobile
6

 
4

 
5

 
4

 
4

Home equity
58

 
59

 
60

 
60

 
64

Residential mortgage
66

 
71

 
69

 
62

 
68

RV and marine
2

 
1

 
1

 
1

 
1

Other consumer
—

 
—

 
—

 
—

 
—

Total nonaccrual loans and leases
558

 
468

 
438

 
425

 
417

Other real estate, net:
 
 
 
 
 
 
 
 
 
Residential
8

 
9

 
10

 
10

 
14

Commercial
2

 
2

 
2

 
4

 
4

Total other real estate, net
10

 
11

 
12

 
14

 
18

Other NPAs (1)
18

 
19

 
32

 
21

 
26

Total nonperforming assets
$
586


$
498


$
482


$
460


$
461

 
 
 
 
 
 
 
 
 
 
Nonaccrual loans and leases as a % of total loans and leases
0.72
%
 
0.62
%
 
0.58
%
 
0.57
%
 
0.56
%
NPA ratio (2)
0.75

 
0.66

 
0.64

 
0.61

 
0.61

(NPA+90days)/(Loan+OREO) (3)
0.96

 
0.89

 
0.86

 
0.82

 
0.81


 
Three Months Ended
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Nonperforming assets, beginning of period
$
498

 
$
482

 
$
460

 
$
461

 
$
387

New nonperforming assets
274

 
175

 
165

 
117

 
218

Returns to accruing status
(18
)
 
(20
)
 
(24
)
 
(16
)
 
(33
)
Loan and lease losses
(91
)
 
(48
)
 
(66
)
 
(34
)
 
(46
)
Payments
(70
)
 
(63
)
 
(38
)
 
(54
)
 
(33
)
Sales
(7
)
 
(28
)
 
(15
)
 
(14
)
 
(32
)
Nonperforming assets, end of period
$
586

 
$
498

 
$
482

 
$
460

 
$
461

(1)
Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.
(2)
Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.
(3)
The sum of nonperforming assets and total accruing loans and leases past due 90 days or more divided by the sum of loans and leases and other real estate.



13













Huntington Bancshares Incorporated
Quarterly Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans
(Unaudited)
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Accruing loans and leases past due 90+ days:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
10

 
$
11

 
$
9

 
$
5

 
$
3

Commercial real estate
—

 
—

 
—

 
—

 
—

Automobile
8

 
8

 
8

 
7

 
6

Home equity
12

 
14

 
13

 
15

 
15

Residential mortgage (excluding loans guaranteed by the U.S. Government)
21

 
20

 
23

 
27

 
25

RV and marine
2

 
2

 
1

 
1

 
2

Other consumer
4

 
7

 
7

 
5

 
5

Total, excl. loans guaranteed by the U.S. Government
57


62


61


60


56

Add: loans guaranteed by U.S. Government
110

 
109

 
102

 
92

 
91

Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government
$
167


$
171


$
163


$
152


$
147

 
 
 
 
 
 
 
 
 
 
Ratios:
 
 
 
 
 
 
 
 
 
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases
0.07
%
 
0.08
%
 
0.08
%
 
0.08
%
 
0.07
%
Guaranteed by U.S. Government, as a percent of total loans and leases
0.14

 
0.14

 
0.14

 
0.12

 
0.12

Including loans guaranteed by the U.S. Government, as a percent of total loans and leases
0.21

 
0.23

 
0.22

 
0.20

 
0.20

 
 
 
 
 
 
 
 
 
 
Accruing troubled debt restructured loans:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
219

 
$
213

 
$
225

 
$
245

 
$
270

Commercial real estate
37

 
37

 
40

 
48

 
60

Automobile
42

 
40

 
39

 
37

 
37

Home equity
219

 
226

 
233

 
241

 
247

Residential mortgage
227

 
223

 
221

 
221

 
219

RV and marine
3

 
3

 
3

 
2

 
2

Other consumer
11

 
11

 
10

 
10

 
9

Total accruing troubled debt restructured loans
$
758

 
$
753

 
$
771

 
$
804

 
$
844

 
 
 
 
 
 
 
 
 
 
Nonaccruing troubled debt restructured loans:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
119

 
$
109

 
$
84

 
$
88

 
$
86

Commercial real estate
4

 
6

 
6

 
6

 
6

Automobile
2

 
2

 
3

 
3

 
3

Home equity
25

 
26

 
26

 
26

 
28

Residential mortgage
42

 
42

 
44

 
43

 
43

RV and marine
2

 
1

 
1

 
1

 
1

Other consumer
—

 
—

 
—

 
—

 
—

Total nonaccruing troubled debt restructured loans
$
194

 
$
186

 
$
164

 
$
167

 
$
167





14













Huntington Bancshares Incorporated
Quarterly Capital Under Current Regulatory Standards (Basel III) and Other Capital Data
(Unaudited)
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Common equity tier 1 risk-based capital ratio: (1)
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
$
11,769

 
$
11,795

 
$
11,909

 
$
11,668

 
$
11,432

Regulatory capital adjustments:
 
 
 
 
 
 
 
 
 
CECL transitional amount (2)
386

 


 


 


 


Shareholders’ preferred equity
(1,207
)
 
(1,207
)
 
(1,207
)
 
(1,207
)
 
(1,207
)
Accumulated other comprehensive income offset
(227
)
 
256

 
175

 
273

 
455

Goodwill and other intangibles, net of related taxes
(2,141
)
 
(2,153
)
 
(2,162
)
 
(2,174
)
 
(2,187
)
Deferred tax assets that arise from tax loss and credit carryforwards
(42
)
 
(44
)
 
(30
)
 
(30
)
 
(31
)
Common equity tier 1 capital
8,538

 
8,647

 
8,685


8,530

 
8,462

Additional tier 1 capital
 
 
 
 
 
 
 
 
 
Shareholders’ preferred equity
1,207

 
1,207

 
1,207

 
1,207

 
1,207

Other
1

 
—

 
1

 
—

 
1

Tier 1 capital
9,746

 
9,854

 
9,893


9,737

 
9,670

Long-term debt and other tier 2 qualifying instruments
619

 
672

 
750

 
727

 
736

Qualifying allowance for loan and lease losses
1,127

 
887

 
884

 
875

 
864

Tier 2 capital
1,746

 
1,559

 
1,634


1,602

 
1,600

Total risk-based capital
$
11,492

 
$
11,413

 
$
11,527

 
$
11,339

 
$
11,270

Risk-weighted assets (RWA)(1)
$
90,174

 
$
87,512

 
$
86,719

 
$
86,332

 
$
85,966

Common equity tier 1 risk-based capital ratio (1)
9.47
%
 
9.88
%
 
10.02
%
 
9.88
%
 
9.84
%
Other regulatory capital data:
 
 
 
 
 
 
 
 
 
Tier 1 leverage ratio (1)
9.01

 
9.26

 
9.34

 
9.24

 
9.16

Tier 1 risk-based capital ratio (1)
10.81

 
11.26

 
11.41

 
11.28

 
11.25

Total risk-based capital ratio (1)
12.74

 
13.04

 
13.29

 
13.13

 
13.11

Non-regulatory capital data:
 
 
 
 
 
 
 
 
 
Tangible common equity / RWA ratio (1)
9.32

 
9.62

 
9.83

 
9.58

 
9.34

(1)
March 31, 2020, figures are estimated.
(2)
The CECL transitional amount includes the impact of Huntington's adoption of the new CECL accounting standard on January 1, 2020 and 25 percent of the increase in reserves from January 1, 2020 through March 31, 2020.

15













Huntington Bancshares Incorporated
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data
(Unaudited)
Quarterly common stock summary
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,

2020
 
2019
 
2019
 
2019
 
2019
Dividends, per share
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
$
0.15

 
$
0.15

 
$
0.15

 
$
0.14

 
$
0.14

Common shares outstanding
 
 
 
 
 
 
 
 
 
Average - basic
1,018

 
1,029

 
1,035

 
1,045

 
1,047

Average - diluted
1,035

 
1,047

 
1,051

 
1,060

 
1,066

Ending
1,014

 
1,020

 
1,033

 
1,038

 
1,046

Tangible book value per common share (1)
$
8.28

 
$
8.25

 
$
8.25

 
$
7.97

 
$
7.67

Common share repurchases
 
 
 
 
 
 
 
 
 
Number of shares repurchased
7

 
13

 
5

 
11

 
2

Non-regulatory capital
 
March 31,
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in millions)
2020
 
2019
 
2019
 
2019
 
2019
Calculation of tangible equity / asset ratio:
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
$
11,769

 
$
11,795

 
$
11,909

 
$
11,668

 
$
11,432

Less: goodwill
(1,990
)
 
(1,990
)
 
(1,990
)
 
(1,990
)
 
(1,990
)
Less: other intangible assets
(222
)
 
(232
)
 
(244
)
 
(257
)
 
(269
)
Add: related deferred tax liability (1)
47

 
49

 
51

 
54

 
56

Total tangible equity
9,604

 
9,622

 
9,726

 
9,475

 
9,229

Less: preferred equity
(1,203
)
 
(1,203
)
 
(1,203
)
 
(1,203
)
 
(1,203
)
Total tangible common equity
$
8,401

 
$
8,419

 
$
8,523

 
$
8,272

 
$
8,026

Total assets
$
113,897

 
$
109,002

 
$
108,735

 
$
108,247

 
$
108,203

Less: goodwill
(1,990
)
 
(1,990
)
 
(1,990
)
 
(1,990
)
 
(1,990
)
Less: other intangible assets
(222
)
 
(232
)
 
(244
)
 
(257
)
 
(269
)
Add: related deferred tax liability (1)
47

 
49

 
51

 
54

 
56

Total tangible assets
$
111,732

 
$
106,829

 
$
106,552

 
$
106,054

 
$
106,000

Tangible equity / tangible asset ratio
8.60
%
 
9.01
%
 
9.13
%
 
8.93
%
 
8.71
%
Tangible common equity / tangible asset ratio
7.52

 
7.88

 
8.00

 
7.80

 
7.57

Other data:
 
 
 
 
 
 
 
 
 
Number of employees (Average full-time equivalent)
15,386

 
15,495

 
15,659

 
15,780

 
15,738

Number of domestic full-service branches (2)
839

 
868

 
868

 
868

 
898

ATM Count
1,434

 
1,448

 
1,442

 
1,687

 
1,727

(1)
Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate.
(2)
Includes Regional Banking and The Huntington Private Client Group offices.




16