Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
|
| Interest and fee income: | ||||
| Loans and leases | $ 1,056,000 | $ 764,000 | $ 2,614,000 | $ 2,327,000 |
| Available-for-sale securities | ||||
| Taxable | 68,000 | 50,000 | 184,000 | 191,000 |
| Tax-exempt | 15,000 | 15,000 | 41,000 | 47,000 |
| Held-to-maturity securities—taxable | 47,000 | 51,000 | 124,000 | 169,000 |
| Other securities—taxable | 2,000 | 1,000 | 6,000 | 4,000 |
| Other | 17,000 | 11,000 | 40,000 | 31,000 |
| Total interest income | 1,205,000 | 892,000 | 3,009,000 | 2,769,000 |
| Interest expense: | ||||
| Deposits | 11,000 | 31,000 | 34,000 | 182,000 |
| Short-term borrowings | 0 | 0 | 0 | 13,000 |
| Long-term debt | 34,000 | 44,000 | 5,000 | 175,000 |
| Total interest expense | 45,000 | 75,000 | 39,000 | 370,000 |
| Net interest income | 1,160,000 | 817,000 | 2,970,000 | 2,399,000 |
| Provision for credit losses | (62,000) | 177,000 | 89,000 | 945,000 |
| Net interest income after provision for credit losses | 1,222,000 | 640,000 | 2,881,000 | 1,454,000 |
| Mortgage banking income | 81,000 | 122,000 | 248,000 | 277,000 |
| Service charges on deposit accounts | 114,000 | 76,000 | 271,000 | 223,000 |
| Card and payment processing income | 96,000 | 66,000 | 241,000 | 183,000 |
| Trust and investment management services | 61,000 | 48,000 | 169,000 | 140,000 |
| Leasing revenue | 42,000 | 3,000 | 58,000 | 14,000 |
| Capital markets fees | 40,000 | 27,000 | 104,000 | 91,000 |
| Insurance income | 25,000 | 24,000 | 77,000 | 72,000 |
| Bank owned life insurance income | 15,000 | 17,000 | 47,000 | 49,000 |
| Gain on sale of loans | 2,000 | 13,000 | 8,000 | 30,000 |
| Net gains (losses) on sales of securities | 0 | 0 | 10,000 | (1,000) |
| Other noninterest income | 59,000 | 34,000 | 141,000 | 104,000 |
| Total noninterest income | 535,000 | 430,000 | 1,374,000 | 1,182,000 |
| Personnel costs | 643,000 | 453,000 | 1,703,000 | 1,267,000 |
| Outside data processing and other services | 304,000 | 98,000 | 581,000 | 273,000 |
| Equipment | 79,000 | 44,000 | 180,000 | 132,000 |
| Net occupancy | 95,000 | 40,000 | 209,000 | 119,000 |
| Lease financing equipment depreciation | 19,000 | 0 | 24,000 | 1,000 |
| Professional services | 26,000 | 12,000 | 91,000 | 34,000 |
| Amortization of intangibles | 13,000 | 10,000 | 34,000 | 31,000 |
| Marketing | 25,000 | 9,000 | 54,000 | 23,000 |
| Deposit and other insurance expense | 17,000 | 6,000 | 33,000 | 24,000 |
| Other noninterest expense | 68,000 | 40,000 | 245,000 | 135,000 |
| Total noninterest expense | 1,289,000 | 712,000 | 3,154,000 | 2,039,000 |
| Income before income taxes | 468,000 | 358,000 | 1,101,000 | 597,000 |
| Provision for income taxes | 90,000 | 55,000 | 206,000 | 96,000 |
| Income after income taxes | 378,000 | 303,000 | 895,000 | 501,000 |
| Income attributable to non-controlling interest | 1,000 | 0 | 1,000 | 0 |
| Net income attributable to Huntington Bancshares Inc | 377,000 | 303,000 | 894,000 | 501,000 |
| Dividends on preferred shares | 29,000 | 28,000 | 103,000 | 65,000 |
| Other Preferred Stock Dividends and Adjustments | 15,000 | 0 | 15,000 | 0 |
| Net income applicable to common shares | $ 333,000 | $ 275,000 | $ 776,000 | $ 436,000 |
| Average common shares—basic (in shares) | 1,462,736 | 1,017,253 | 1,201,763 | 1,017,052 |
| Average common shares—diluted (in shares) | 1,487,335 | 1,031,460 | 1,225,428 | 1,031,573 |
| Per common share: | ||||
| Net income—basic (in usd per share) | $ 0.23 | $ 0.27 | $ 0.65 | $ 0.43 |
| Net income—diluted (in usd per share) | $ 0.22 | $ 0.27 | $ 0.63 | $ 0.42 |
| X | ||||||||||
- Definition Fee income earned related to foreign exchange, trading fees, trading gains/losses, and other capital market fee income. No definition available.
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- Definition Check card and ATM interchange fees and ATM surcharge fees. No definition available.
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- Definition Fees and Commissions, Service Charges on Deposit Accounts No definition available.
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- Definition Fees and Commissions, Trust and Investment Management Services No definition available.
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- Definition Interest Income, Securities, Operating, Other, Taxable No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized and realized gain (loss) on investment in debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Income from mortgage banking activities (fees and commissions) and servicing real estate mortgages, credit cards, and other financial assets held by others net of any related impairment of capitalized service costs. Also includes any premiums received in lieu of regular servicing fees on such loans only as earned over the life of the loans. No definition available.
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- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on held-to-maturity securities. No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense incurred on long-term debt classified as other, including, but not limited to, interest on long-term notes and amortization of issuance costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of lease income from operating, direct financing, and sales-type leases. Includes, but is not limited to, variable lease payments, interest income, profit (loss) recognized at commencement, and lease payments paid and payable to lessor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of preferred stock dividends and adjustments classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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