Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.22.1
SEGMENT REPORTING
3 Months Ended
Mar. 31, 2022
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: Commercial Banking, Consumer and Business Banking, Vehicle Finance, and 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 25 - Segment Reporting to the Consolidated Financial Statements appearing in Huntington’s 2021 Annual Report on Form 10-K.
Listed in the following tables is certain operating basis financial information reconciled to Huntington’s March 31, 2022, December 31, 2021, and March 31, 2021, reported results by business segment.
Three Months Ended March 31,
Income Statements
Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2022
Net interest income
$ 418  $ 459  $ 120  $ 49  $ 100  $ 1,146 
Provision for credit losses 131  (109) (7) 10  —  25 
Noninterest income
141  272  66  17  499 
Noninterest expense
248  612  45  81  67  1,053 
Provision (benefit) for income taxes
38  47  18  (3) 105 
Income attributable to non-controlling interest —  —  —  — 
Net income (loss) attributable to Huntington Bancshares Inc $ 140  $ 181  $ 67  $ 19  $ 53  $ 460 
2021
Net interest income
$ 199  $ 337  $ 107  $ 34  $ 295  $ 972 
Provision for credit losses (36) (22) (7) —  (60)
Noninterest income
88  236  53  15  395 
Noninterest expense
133  469  35  62  94  793 
Provision (benefit) for income taxes
31  29  21  14  102 
Net income attributable to Huntington Bancshares Inc $ 118  $ 111  $ 76  $ 25  $ 202  $ 532 
Assets at Deposits at
(dollar amounts in millions) March 31,
2022
December 31,
2021
March 31,
2022
December 31,
2021
Commercial Banking $ 58,625  $ 57,071  $ 35,034  $ 31,845 
Consumer & Business Banking 39,351  39,929  96,907  95,352 
Vehicle Finance 21,134  20,752  1,323  1,401 
RBHPCG 8,744  8,325  9,672  10,162 
Treasury / Other 49,002  47,987  4,029  4,503 
Total
$ 176,856  $ 174,064  $ 146,965  $ 143,263