Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.22.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and fee income:        
Loans and leases $ 1,078 $ 806 $ 2,082 $ 1,558
Available-for-sale securities        
Taxable 123 67 213 116
Tax-exempt 15 13 32 26
Held-to-maturity securities—taxable 90 35 156 77
Other securities—taxable 6 2 11 4
Other 19 12 32 23
Total interest income 1,331 935 2,526 1,804
Interest expense:        
Deposits 25 12 36 23
Short-term borrowings 7 0 14 0
Long-term debt 38 85 69 (29)
Total interest expense 70 97 119 (6)
Net interest income 1,261 838 2,407 1,810
Provision for credit losses 67 211 92 151
Net interest income after provision for credit losses 1,194 627 2,315 1,659
Service charges on deposit accounts 105 88 202 157
Card and payment processing income 96 80 182 145
Mortgage banking income 44 67 93 167
Trust and investment management services 63 56 128 108
Capital markets fees 54 35 96 64
Insurance income 27 25 58 52
Leasing revenue 27 12 62 16
Bank owned life insurance income 11 16 28 32
Gain on sale of loans 12 3 40 6
Net gains on sales of securities 0 10 0 10
Other noninterest income 46 52 95 82
Total noninterest income 485 444 984 839
Personnel costs 577 592 1,157 1,060
Outside data processing and other services 153 162 318 277
Net occupancy 58 72 122 114
Equipment 61 55 142 101
Professional services 19 48 38 65
Marketing 24 15 45 29
Deposit and other insurance expense 20 8 27 21
Amortization of intangibles 13 11 38 16
Lease financing equipment depreciation 11 5 25 5
Other noninterest expense 82 104 159 177
Total noninterest expense 1,018 1,072 2,071 1,865
Income (loss) before income taxes 661 (1) 1,228 633
Provision for income taxes 120 14 225 116
Income after income taxes 541 (15) 1,003 517
Income attributable to non-controlling interest 2 0 4 0
Net income (loss) attributable to Huntington Bancshares Inc 539 (15) 999 517
Dividends on preferred shares 28 43 56 74
Net income (loss) applicable to common shares $ 511 $ (58) $ 943 $ 443
Average common shares—basic (in shares) 1,441,200 1,125,039 1,439,814 1,071,276
Average common shares—diluted (in shares) 1,463,293 1,125,039 1,463,810 1,094,474
Per common share:        
Net income—basic (in usd per share) $ 0.35 $ (0.05) $ 0.65 $ 0.41
Net income—diluted (in usd per share) $ 0.35 $ (0.05) $ 0.64 $ 0.40