Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

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NONINTEREST INCOME
 3 Months Ended
Mar. 31, 2021
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 2021 2020
Noninterest income from contracts with customers $ 222  $ 227 
Noninterest income within the scope of other GAAP topics 173  134 
Total noninterest income $ 395  $ 361 
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, 2021
(dollar amounts in millions) Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 48  $ 19  $ 2  $ —  $ —  $ 69 
Card and payment processing income 58  4  —  —  —  62 
Trust and investment management services 13  1  —  38  —  52 
Insurance income 12  2  —  13  —  27 
Other noninterest income 6  2  1  1  2  12 
Net revenue from contracts with customers $ 137  $ 28  $ 3  $ 52  $ 2  $ 222 
Noninterest income within the scope of
other GAAP topics
 99  60  —  1  13  173 
Total noninterest income $ 236  $ 88  $ 3  $ 53  $ 15  $ 395 
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 
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, 2021 is expected to be earned within one year. Huntington does not have significant balances of contract assets or contract liabilities and any change in those balances during the reporting period ended March 31, 2021 was determined to be immaterial.