Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.21.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and fee income:        
Loans and leases $ 806,000 $ 754,000 $ 1,558,000 $ 1,563,000
Available-for-sale securities        
Taxable 67,000 64,000 116,000 141,000
Tax-exempt 13,000 15,000 26,000 33,000
Held-to-maturity securities—taxable 35,000 59,000 77,000 117,000
Other securities—taxable 2,000 1,000 4,000 3,000
Other 12,000 9,000 23,000 20,000
Total interest income 935,000 902,000 1,804,000 1,877,000
Interest expense:        
Deposits 12,000 46,000 23,000 151,000
Short-term borrowings 0 1,000 0 13,000
Long-term debt 85,000 63,000 (29,000) 131,000
Total interest expense 97,000 110,000 (6,000) 295,000
Net interest income 838,000 792,000 1,810,000 1,582,000
Provision for credit losses 211,000 327,000 151,000 768,000
Net interest income after provision for credit losses 627,000 465,000 1,659,000 814,000
Mortgage banking income 67,000 96,000 167,000 154,000
Service charges on deposit accounts 88,000 60,000 157,000 148,000
Card and payment processing income 80,000 59,000 145,000 117,000
Trust and investment management services 56,000 45,000 108,000 92,000
Leasing revenue 12,000 7,000 16,000 10,000
Capital markets fees 35,000 31,000 64,000 64,000
Insurance income 25,000 25,000 52,000 48,000
Bank owned life insurance income 16,000 17,000 32,000 32,000
Gain on sale of loans 3,000 8,000 6,000 17,000
Net gains (losses) on sales of securities 10,000 (1,000) 10,000 (1,000)
Other noninterest income 52,000 44,000 82,000 71,000
Total noninterest income 444,000 391,000 839,000 752,000
Personnel costs 592,000 418,000 1,060,000 814,000
Outside data processing and other services 162,000 90,000 277,000 175,000
Equipment 55,000 46,000 101,000 87,000
Net occupancy 72,000 39,000 114,000 79,000
Lease financing equipment depreciation 5,000 1,000 5,000 1,000
Professional services 48,000 11,000 65,000 22,000
Amortization of intangibles 11,000 10,000 21,000 21,000
Marketing 15,000 5,000 29,000 14,000
Deposit and other insurance expense 8,000 9,000 16,000 18,000
Other noninterest expense 104,000 46,000 177,000 96,000
Total noninterest expense 1,072,000 675,000 1,865,000 1,327,000
(Loss) income before income taxes (1,000) 181,000 633,000 239,000
Provision for income taxes 14,000 31,000 116,000 41,000
(Loss) income after income taxes (15,000) 150,000 517,000 198,000
Income attributable to non-controlling interest 0 0 0 0
Net (loss) income attributable to Huntington Bancshares Inc (15,000) 150,000 517,000 198,000
Dividends on preferred shares 43,000 19,000 74,000 37,000
Net (loss) income applicable to common shares $ (58,000) $ 131,000 $ 443,000 $ 161,000
Average common shares—basic (in shares) 1,125,039 1,016,259 1,071,276 1,016,951
Average common shares—diluted (in shares) 1,125,039 1,028,683 1,094,474 1,031,629
Per common share:        
Net income—basic (in usd per share) $ (0.05) $ 0.13 $ 0.41 $ 0.16
Net income—diluted (in usd per share) $ (0.05) $ 0.13 $ 0.40 $ 0.16