Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

v3.20.1
NONINTEREST INCOME
 3 Months Ended
Mar. 31, 2020
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 March 31,
Noninterest income
 
2020
 
2019
Noninterest income from contracts with customers
 
$
227

 
$
222

Noninterest income within the scope of other GAAP topics
 
134

 
97

Total noninterest income
 
$
361

 
$
319


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 March 31, 2020
(dollar amounts in millions)
Consumer & Business Banking
 
Commercial Banking
 
Vehicle Finance
 
RBHPCG
 
Treasury / Other
 
Huntington Consolidated
Major Revenue Streams
 
 
 
 
 
Service charges on deposit accounts
$
68

 
$
17

 
$
1

 
$
1

 
$
—

 
$
87

Card and payment processing income
52

 
4

 
—

 
—

 
—

 
56

Trust and investment management services
10

 
1

 
—

 
36

 
—

 
47

Insurance income
8

 
2

 
—

 
12

 
1

 
23

Other noninterest income
8

 
3

 
1

 
1

 
1

 
14

Net revenue from contracts with customers
$
146

 
$
27

 
$
2

 
$
50

 
$
2

 
$
227

Noninterest income within the scope of
other GAAP topics
66

 
59

 
1

 
—

 
8

 
134

Total noninterest income
$
212

 
$
86

 
$
3

 
$
50

 
$
10

 
$
361

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 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
$
69

 
$
16

 
$
1

 
$
1

 
$
—

 
$
87

Card and payment processing income
50

 
3

 
—

 
—

 
—

 
53

Trust and investment management services
8

 
—

 
—

 
35

 
1

 
44

Insurance income
8

 
2

 
—

 
11

 
—

 
21

Other noninterest income
8

 
5

 
1

 
3

 
—

 
17

Net revenue from contracts with customers
$
143

 
$
26

 
$
2

 
$
50

 
$
1

 
$
222

Noninterest income within the scope of
other GAAP topics
31

 
50

 
—

 
1

 
15

 
97

Total noninterest income
$
174

 
$
76

 
$
2

 
$
51

 
$
16

 
$
319


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 March 31, 2020 is expected to be earned within one year.