Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.21.2
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2021
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 26 - Segment Reporting to the Consolidated Financial Statements appearing in Huntington’s 2020 Annual Report on Form 10-K.
Listed in the table below is certain operating basis financial information reconciled to Huntington’s June 30, 2021, December 31, 2020, and June 30, 2020, reported results by business segment.
Three Months Ended June 30,
Income Statements
 Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2021
Net interest income
 $ 366  $ 258  $ 109  $ 37  $ 68  $ 838 
Provision (benefit) for credit losses
 100  137  (31) 5  —  211 
Noninterest income
 243  114  2  54  31  444 
Noninterest expense
 513  173  37  72  277  1,072 
Provision (benefit) for income taxes
 —  13  21  3  (23) 14 
Net (loss) income $ (4) $ 49  $ 84  $ 11  $ (155) $ (15)
2020
Net interest income
 $ 368  $ 240  $ 100  $ 40  $ 44  $ 792 
Provision for credit losses 31  226  70  —  —  327 
Noninterest income
 218  85  2  54  32  391 
Noninterest expense
 422  136  34  62  21  675 
Provision (benefit) for income taxes
 27  (7) —  6  5  31 
Net income (loss)
 $ 106  $ (30) $ (2) $ 26  $ 50  $ 150 
Six months ended June 30,
Income Statements Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2021
Net interest income $ 703  $ 457  $ 217  $ 70  $ 363  $ 1,810 
Provision (benefit) for credit losses 63  143  (53) (2) —  151 
Noninterest income 477  203  6  107  46  839 
Noninterest expense 984  306  72  132  371  1,865 
Provision (benefit) for income taxes 28  44  43  10  (9) 116 
Net income $ 105  $ 167  $ 161  $ 37  $ 47  $ 517 
2020
Net interest income $ 733  $ 472  $ 206  $ 83  $ 88  $ 1,582 
Provision for credit losses 114  523  131  —  —  768 
Noninterest income 430  170  5  105  42  752 
Noninterest expense 840  265  69  124  29  1,327 
Provision (benefit) for income taxes 44  (31) 2  14  12  41 
Net income (loss) $ 165  $ (115) $ 9  $ 50  $ 89  $ 198 
Assets at Deposits at
(dollar amounts in millions) June 30,
2021		 December 31,
2020		 June 30,
2021		 December 31,
2020
Consumer & Business Banking $ 43,250  $ 30,758  $ 95,693  $ 60,910 
Commercial Banking 54,053  36,311  32,624  24,766 
Vehicle Finance 19,998  19,789  1,155  722 
RBHPCG 7,763  7,064  8,416  7,635 
Treasury / Other 50,108  29,116  4,917  4,915 
Total
 $ 175,172  $ 123,038  $ 142,805  $ 98,948