Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

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SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING Huntington’s business segments are based on our internally-aligned segment leadership structure, which is how management monitors results and assesses performance. The Company has four major business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, Regional Banking and The Huntington Private Client Group (RBHPCG). The Treasury / Other function includes technology and operations, other unallocated assets, liabilities, revenue, and expense. For a description of our business segments, see Note 24 -
Segment Reporting to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K.
Business segment results are determined based upon Huntington’s management reporting system, which assigns balance sheet and income statement items to each of the business segments. The process is designed around the organizational and management structure and, accordingly, the results derived are not necessarily comparable with similar information published by other financial institutions. Additionally, because of the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities.
Huntington uses an active and centralized FTP methodology to attribute appropriate net interest income to the business segments. The intent of the FTP methodology is to transfer interest rate risk from the business segments by providing matched duration funding of assets and liabilities. The result is to centralize the financial impact, management, and reporting of interest rate risk in the Treasury / Other function where it can be centrally monitored and managed. The Treasury / Other function charges (credits) an internal cost of funds for assets held in (or pays for funding provided by) each business segment. The FTP rate is based on prevailing market interest rates for comparable duration assets (or liabilities).
Listed in the table below is certain operating basis financial information reconciled to Huntington’s September 30, 2020, December 31, 2019, and September 30, 2019, reported results by business segment.
Three Months Ended September 30,
Income Statements
 Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2020
Net interest income
 $ 367  $ 221  $ 110  $ 39  $ 80  $ 817 
Provision (benefit) for credit losses
 87  87  (12) 15  —  177 
Noninterest income
 274  90  2  47  17  430 
Noninterest expense
 450  135  34  56  37  712 
Provision (benefit) for income taxes
 22  19  19  3  (8) 55 
Net income (loss)
 $ 82  $ 70  $ 71  $ 12  $ 68  $ 303 
2019
Net interest income
 $ 433  $ 263  $ 100  $ 48  $ (45) $ 799 
Provision (benefit) for credit losses
 35  36  12  (1) —  82 
Noninterest income
 223  101  4  47  14  389 
Noninterest expense
 421  142  36  63  5  667 
Provision (benefit) for income taxes
 42  39  12  7  (33) 67 
Net income (loss)
 $ 158  $ 147  $ 44  $ 26  $ (3) $ 372 
Nine Months Ended September 30,
Income Statements Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2020
Net interest income $ 1,099  $ 693  $ 316  $ 122  $ 169  $ 2,399 
Provision (benefit) for credit losses 200  611  118  16  —  945 
Noninterest income 704  261  7  151  59  1,182 
Noninterest expense 1,288  400  103  181  67  2,039 
Provision (benefit) for income taxes 66  (12) 21  16  5  96 
Net income (loss) $ 249  $ (45) $ 81  $ 60  $ 156  $ 501 
2019
Net interest income $ 1,371  $ 798  $ 291  $ 153  $ (180) $ 2,433 
Provision (benefit) for credit losses 81  103  27  (3) —  208 
Noninterest income 596  266  9  147  64  1,082 
Noninterest expense 1,247  427  112  193  41  2,020 
Provision (benefit) for income taxes 134  113  33  23  (110) 193 
Net income (loss) $ 505  $ 421  $ 128  $ 87  $ (47) $ 1,094 
Assets at Deposits at
(dollar amounts in millions) September 30,
2020		 December 31,
2019		 September 30,
2020		 December 31,
2019
Consumer & Business Banking $ 30,966  $ 25,073  $ 59,302  $ 51,675 
Commercial Banking 35,503  34,337  23,599  20,762 
Vehicle Finance 19,664  20,155  777  376 
RBHPCG 6,934  6,665  6,623  6,370 
Treasury / Other 27,049  22,772  4,853  3,164 
Total
 $ 120,116  $ 109,002  $ 95,154  $ 82,347