| SEGMENT REPORTING |
SEGMENT REPORTING
Our business segments are based on our internally-aligned segment leadership structure, which is how we monitor results and assess performance. We have five major business segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate (AFCRE), Regional Banking and The Huntington Private Client Group (RBHPCG), and Home Lending. The Treasury / Other function includes our technology and operations, other unallocated assets, liabilities, revenue, and expense. Descriptions of our five business segments can be found in the Business section included in Item 1 of our 2014 Form 10-K.
Listed below is certain operating basis financial information reconciled to Huntington’s September 30, 2015, December 31, 2014, and September 30, 2014, reported results by business segment:
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Three Months Ended September 30, |
Income Statements |
Retail & Business Banking |
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Commercial Banking |
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AFCRE |
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RBHPCG |
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Home Lending |
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Treasury/Other |
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Huntington Consolidated |
(dollar amounts in thousands) |
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2015 |
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Net interest income |
$ |
260,617 |
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$ |
97,307 |
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$ |
95,838 |
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$ |
30,268 |
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$ |
16,915 |
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$ |
(5,490 |
) |
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$ |
495,455 |
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Provision (reduction in allowance) for credit losses |
(3,889 |
) |
|
9,359 |
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12,618 |
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3,550 |
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|
838 |
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— |
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22,476 |
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Noninterest income |
114,856 |
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65,803 |
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5,774 |
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35,811 |
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11,640 |
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19,235 |
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|
253,119 |
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Noninterest expense |
254,488 |
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75,447 |
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38,769 |
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68,054 |
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40,986 |
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48,764 |
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526,508 |
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Income taxes |
43,706 |
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27,406 |
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17,579 |
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(1,934 |
) |
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(4,644 |
) |
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(35,111 |
) |
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47,002 |
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Net income (loss) |
$ |
81,168 |
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$ |
50,898 |
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$ |
32,646 |
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$ |
(3,591 |
) |
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$ |
(8,625 |
) |
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$ |
92 |
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$ |
152,588 |
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2014 |
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Net interest income |
$ |
230,318 |
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$ |
78,393 |
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$ |
96,355 |
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$ |
25,239 |
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$ |
14,620 |
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$ |
21,410 |
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$ |
466,335 |
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Provision (reduction in allowance) for credit losses |
22,528 |
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13,635 |
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(18,660 |
) |
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3,179 |
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3,797 |
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1 |
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24,480 |
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Noninterest income |
105,868 |
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56,486 |
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6,165 |
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42,097 |
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20,838 |
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15,895 |
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247,349 |
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Noninterest expense |
251,507 |
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62,296 |
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39,714 |
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60,548 |
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33,523 |
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32,730 |
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480,318 |
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Income taxes |
21,753 |
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20,632 |
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28,513 |
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1,263 |
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(652 |
) |
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(17,639 |
) |
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53,870 |
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Net income (loss) |
$ |
40,398 |
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$ |
38,316 |
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$ |
52,953 |
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$ |
2,346 |
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$ |
(1,210 |
) |
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$ |
22,213 |
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$ |
155,016 |
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Nine Months Ended September 30, |
Income Statements |
Retail & Business Banking |
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Commercial Banking |
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AFCRE |
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RBHPCG |
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Home Lending |
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Treasury/Other |
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Huntington Consolidated |
(dollar amounts in thousands) |
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2015 |
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Net interest income |
$ |
766,188 |
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$ |
266,638 |
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$ |
286,042 |
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$ |
84,843 |
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$ |
48,545 |
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$ |
1,570 |
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$ |
1,453,826 |
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Provision for credit losses |
22,664 |
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13,167 |
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14,733 |
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7,791 |
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5,131 |
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— |
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63,486 |
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Noninterest income |
323,552 |
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191,039 |
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22,024 |
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114,198 |
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62,274 |
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53,428 |
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766,515 |
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Noninterest expense |
771,339 |
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208,236 |
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112,802 |
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189,901 |
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118,414 |
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76,450 |
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1,477,142 |
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Income taxes |
103,508 |
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82,696 |
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63,186 |
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472 |
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(4,454 |
) |
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(80,343 |
) |
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165,065 |
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Net income (loss) |
$ |
192,229 |
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$ |
153,578 |
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$ |
117,345 |
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$ |
877 |
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$ |
(8,272 |
) |
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$ |
58,891 |
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$ |
514,648 |
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2014 |
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Net interest income |
$ |
678,502 |
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$ |
226,316 |
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$ |
282,239 |
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$ |
76,399 |
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$ |
41,997 |
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$ |
58,436 |
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$ |
1,363,889 |
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Provision for credit losses |
63,962 |
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33,681 |
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(44,809 |
) |
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5,353 |
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20,308 |
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— |
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78,495 |
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Noninterest income |
306,364 |
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157,107 |
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19,706 |
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132,080 |
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59,946 |
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70,698 |
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745,901 |
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Noninterest expense |
732,623 |
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188,170 |
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116,568 |
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176,595 |
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101,490 |
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83,629 |
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1,399,075 |
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Income taxes |
65,898 |
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56,550 |
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80,565 |
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9,286 |
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(6,949 |
) |
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(41,908 |
) |
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163,442 |
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Net income (loss) |
$ |
122,383 |
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$ |
105,022 |
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$ |
149,621 |
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$ |
17,245 |
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$ |
(12,906 |
) |
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$ |
87,413 |
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$ |
468,778 |
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Assets at |
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Deposits at |
(dollar amounts in thousands) |
September 30,
2015 |
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December 31,
2014 |
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September 30,
2015 |
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December 31,
2014 |
Retail & Business Banking |
$ |
15,781,016 |
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$ |
15,146,857 |
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$ |
29,979,237 |
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$ |
29,350,255 |
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Commercial Banking |
16,753,525 |
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15,043,477 |
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11,825,996 |
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11,184,566 |
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AFCRE |
17,329,574 |
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16,027,910 |
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1,521,992 |
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1,377,921 |
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RBHPCG |
3,447,385 |
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3,871,020 |
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7,377,486 |
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6,727,892 |
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Home Lending |
4,061,686 |
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3,949,247 |
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305,068 |
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326,841 |
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Treasury / Other |
12,836,992 |
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12,259,499 |
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3,234,932 |
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2,764,676 |
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Total |
$ |
70,210,178 |
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$ |
66,298,010 |
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$ |
54,244,711 |
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$ |
51,732,151 |
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