Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the quarterly results of operations, for the years ended December 31, 2017 and 2016:



	Three Months Ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions, except per share data)	2017				2017				2017				2017
Interest income	$	894			$	873			$	846			$	820
Interest expense	124				115				101				91
Net interest income	770				758				745				729
Provision for credit losses	65				43				25				68
Noninterest income	340				330				325				312
Noninterest expense	633				680				694				707
Income before income taxes	412				365				351				266
Provision (benefit) for income taxes	(20		)		90				79				59
Net income	432				275				272				207
Dividends on preferred shares	19				19				19				19
Net income applicable to common shares	$	413			$	256			$	253			$	188
Net income per common share — Basic	$	0.38			$	0.24			$	0.23			$	0.17
Net income per common share — Diluted	0.37				0.23				0.23				0.17



	Three Months Ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions, except per share data)	2016				2016				2016				2016
Interest income	$	815			$	694			$	566			$	557
Interest expense	80				69				60				54
Net interest income	735				625				506				503
Provision for credit losses	75				63				25				28
Noninterest income	334				303				271				242
Noninterest expense	681				713				523				491
Income before income taxes	313				152				229				226
Provision (benefit) for income taxes	74				25				54				55
Net income	239				127				175				171
Dividends on preferred shares	19				18				20				8
Net income applicable to common shares	$	220			$	109			$	155			$	163
Net income per common share — Basic	$	0.20			$	0.12			$	0.19			$	0.21
Net income per common share — Diluted	0.20				0.11				0.19				0.20