Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

v3.19.3
NONINTEREST INCOME
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
NONINTEREST INCOME NONINTEREST INCOME
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 September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Noninterest income
 
 
 
 
 
 
 
 
Noninterest income from contracts with customers
 
$
240

 
$
222

 
$
697

 
$
654

Noninterest income within the scope of other GAAP topics
 
149

 
120

 
385

 
338

Total noninterest income
 
$
389

 
$
342

 
$
1,082

 
$
992


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 September 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
$
79

 
$
16

 
$
2

 
$
1

 
$
—

 
$
98

Card and payment processing income
56

 
4

 
—

 
—

 
—

 
60

Trust and investment management services
9

 
1

 
—

 
34

 
—

 
44

Insurance income
8

 
2

 
—

 
10

 
—

 
20

Other income
8

 
7

 
2

 
1

 
—

 
18

Net revenue from contracts with customers
$
160

 
$
30

 
$
4

 
$
46

 
$
—

 
$
240

Noninterest income within the scope of other GAAP topics
63

 
71

 
—

 
1

 
14

 
149

Total noninterest income
$
223

 
$
101

 
$
4

 
$
47

 
$
14

 
$
389

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 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
$
75

 
$
16

 
$
1

 
$
1

 
$
—

 
$
93

Card and payment processing income
50

 
3

 
—

 
—

 
—

 
53

Trust and investment management services
7

 
1

 
—

 
34

 
—

 
42

Insurance income
8

 
1

 
—

 
10

 
—

 
19

Other income
10

 
2

 
1

 
1

 
1

 
15

Net revenue from contracts with customers
$
150

 
$
23

 
$
2

 
$
46

 
$
1

 
$
222

Noninterest income within the scope of other GAAP topics
44

 
58

 
1

 
—

 
17

 
120

Total noninterest income
$
194

 
$
81

 
$
3

 
$
46

 
$
18

 
$
342


 
Nine Months Ended September 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
$
221

 
$
48

 
$
5

 
$
3

 
$
—

 
$
277

Card and payment processing income
162

 
11

 
—

 
—

 
—

 
173

Trust and investment management services
25

 
2

 
—

 
103

 
1

 
131

Insurance income
25

 
5

 
—

 
33

 
1

 
64

Other income
24

 
17

 
4

 
5

 
2

 
52

Net revenue from contracts with customers
$
457

 
$
83

 
$
9

 
$
144

 
$
4

 
$
697

Noninterest income within the scope of other GAAP topics
139

 
183

 
—

 
3

 
60

 
385

Total noninterest income
$
596

 
$
266

 
$
9

 
$
147

 
$
64

 
$
1,082

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 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
$
215

 
$
48

 
$
4

 
$
3

 
$
—

 
$
270

Card and payment processing income
146

 
8

 
—

 
—

 
—

 
154

Trust and investment management services
19

 
3

 
—

 
106

 
—

 
128

Insurance income
26

 
3

 
—

 
31

 
1

 
61

Other income
30

 
3

 
2

 
4

 
2

 
41

Net revenue from contracts with customers
$
436

 
$
65

 
$
6

 
$
144

 
$
3

 
$
654

Noninterest income within the scope of other GAAP topics
121

 
169

 
3

 
2

 
43

 
338

Total noninterest income
$
557

 
$
234

 
$
9

 
$
146

 
$
46

 
$
992


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 September 30, 2019 is expected to be earned within one year.