Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

v3.20.2
NONINTEREST INCOME
 9 Months Ended
Sep. 30, 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 September 30, Nine Months Ended September 30,
Noninterest income 2020 2019 2020 2019
Noninterest income from contracts with customers $ 224  $ 240  $ 652  $ 697 
Noninterest income within the scope of other GAAP topics 206  149  530  385 
Total noninterest income $ 430  $ 389  $ 1,182  $ 1,082 
The following table illustrates the disaggregation by operating segment and major revenue stream and reconciles disaggregated revenue to segment revenue presented in Note 16 “Segment Reporting”.
Three Months Ended September 30, 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 $ 54  $ 19  $ 2  $ 1  $ —  $ 76 
Card and payment processing income 59  4  —  —  —  63 
Trust and investment management services 13  1  —  34  —  48 
Insurance income 12  2  —  11  (1) 24 
Other noninterest income 6  6  1  3  (3) 13 
Net revenue from contracts with customers $ 144  $ 32  $ 3  $ 49  $ (4) $ 224 
Noninterest income within the scope of
other GAAP topics
 130  58  (1) (2) 21  206 
Total noninterest income $ 274  $ 90  $ 2  $ 47  $ 17  $ 430 
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 noninterest 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 
Nine Months Ended September 30, 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 $ 161  $ 54  $ 4  $ 3  $ —  $ 222 
Card and payment processing income 163  11  —  —  —  174 
Trust and investment management services 33  3  —  104  —  140 
Insurance income 32  5  —  34  1  72 
Other noninterest income 18  14  2  11  (1) 44 
Net revenue from contracts with customers $ 407  $ 87  $ 6  $ 152  $ —  $ 652 
Noninterest income within the scope of
other GAAP topics
 297  174  1  (1) 59  530 
Total noninterest income $ 704  $ 261  $ 7  $ 151  $ 59  $ 1,182 
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 noninterest 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 
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, 2020 is expected to be earned within one year.