Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

NONINTEREST INCOME

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Huntington earns a variety of revenue including interest and fees from customers as well as revenues from non-customers. Certain sources of revenue are recognized within interest or fee income and are outside of the scope of ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). Other sources of revenue fall within the scope of ASC 606 and are generally recognized within noninterest income. These revenues are included within various sections of the Unaudited Condensed Consolidated Financial Statements. The following table shows Huntington’s total noninterest income segregated between contracts with customers within the scope of ASC 606 and those within the scope of other GAAP Topics.



(dollar amounts in millions)	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Noninterest income
Noninterest income from contracts with customers	$	235	$	217	$	457	$	431
Noninterest income within the scope of other GAAP topics	139		119		236		219
Total noninterest income	$	374	$	336	$	693	$	650

The following table illustrates the disaggregation by operating segment and major revenue stream and reconciles disaggregated revenue to segment revenue presented in Note 15 "Segment Reporting".



	Three Months Ended June 30, 2019
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	73	$	16	$	2	$	1	$	—	$	92
Card and payment processing income	56		4		—		—		—		60
Trust and investment management services	8		1		—		34		—		43
Insurance income	9		1		—		12		1		23
Other income	8		5		1		1		2		17
Net revenue from contracts with customers	$	154	$	27	$	3	$	48	$	3	$	235
Noninterest income within the scope of other GAAP topics	44		62		1		1		31		139
Total noninterest income	$	198	$	89	$	4	$	49	$	34	$	374

	Three Months Ended June 30, 2018
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	72	$	16	$	2	$	1	$	—	$	91
Card and payment processing income	49		3		—		—		—		52
Trust and investment management services	5		2		—		35		—		42
Insurance income	10		1		—		10		—		21
Other income	10		1		—		—		—		11
Net revenue from contracts with customers	$	146	$	23	$	2	$	46	$	—	$	217
Noninterest income within the scope of other GAAP topics	42		59		1		2		15		119
Total noninterest income	$	188	$	82	$	3	$	48	$	15	$	336



	Six Months Ended June 30, 2019
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	142	$	32	$	3	$	2	$	—	$	179
Card and payment processing income	106		7		—		—		—		113
Trust and investment management services	16		1		—		69		1		87
Insurance income	17		3		—		23		1		44
Other income	16		10		2		4		2		34
Net revenue from contracts with customers	$	297	$	53	$	5	$	98	$	4	$	457
Noninterest income within the scope of other GAAP topics	75		112		1		2		46		236
Total noninterest income	$	372	$	165	$	6	$	100	$	50	$	693

	Six Months Ended June 30, 2018
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	140	$	32	$	3	$	2	$	—	$	177
Card and payment processing income	96		5		—		—		—		101
Trust and investment management services	12		2		—		72		—		86
Insurance income	18		2		—		21		1		42
Other income	20		1		1		2		1		25
Net revenue from contracts with customers	$	286	$	42	$	4	$	97	$	2	$	431
Noninterest income within the scope of other GAAP topics	77		111		2		2		27		219
Total noninterest income	$	363	$	153	$	6	$	99	$	29	$	650

Huntington generally provides services for customers in which it acts as principal. Payment terms and conditions vary amongst services and customers, and thus impact the timing and amount of revenue recognition. Some fees may be paid before any service is rendered and accordingly, such fees are deferred until the obligations pertaining to those fees are satisfied. Most Huntington contracts with customers are cancelable by either party without penalty or they are short-term in nature, with a contract duration of less than one year. Accordingly, most revenue deferred for the reporting period ended June 30, 2019 is expected to be earned within one year.