Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.22.2.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and fee income:        
Loans and leases $ 1,268 $ 1,056 $ 3,350 $ 2,614
Available-for-sale securities        
Taxable 165 68 378 184
Tax-exempt 20 15 52 41
Held-to-maturity securities—taxable 95 47 251 124
Other securities—taxable 7 2 18 6
Other 34 17 66 40
Total interest income 1,589 1,205 4,115 3,009
Interest expense:        
Deposits 92 11 128 34
Short-term borrowings 22 0 36 0
Long-term debt 71 34 140 5
Total interest expense 185 45 304 39
Net interest income 1,404 1,160 3,811 2,970
Provision for credit losses 106 (62) 198 89
Net interest income after provision for credit losses 1,298 1,222 3,613 2,881
Service charges on deposit accounts 93 114 295 271
Card and payment processing income 96 96 278 241
Mortgage banking income 26 81 119 248
Trust and investment management services 60 61 188 169
Capital markets fees 73 40 169 104
Insurance income 28 25 86 77
Leasing revenue 29 42 91 58
Bank owned life insurance income 13 15 41 47
Gain on sale of loans 15 2 55 8
Net gains on sales of securities 0 0 0 10
Other noninterest income 65 59 160 141
Total noninterest income 498 535 1,482 1,374
Personnel costs 614 643 1,771 1,703
Outside data processing and other services 145 304 463 581
Net occupancy 63 95 185 209
Equipment 60 79 202 180
Professional services 18 26 56 91
Marketing 24 25 69 54
Deposit and other insurance expense 15 17 40 34
Amortization of intangibles 13 13 53 33
Lease financing equipment depreciation 11 19 36 24
Other noninterest expense 90 68 249 245
Total noninterest expense 1,053 1,289 3,124 3,154
Income before income taxes 743 468 1,971 1,101
Provision for income taxes 146 90 371 206
Income after income taxes 597 378 1,600 895
Income attributable to non-controlling interest 3 1 7 1
Net income attributable to Huntington Bancshares Inc 594 377 1,593 894
Dividends on preferred shares 29 29 85 103
Impact of preferred stock redemption 0 15 0 15
Net income available to common shareholders, basic $ 565 $ 333 $ 1,508 $ 776
Average common shares—basic (in shares) 1,442,591 1,462,736 1,440,740 1,201,763
Average common shares—diluted (in shares) 1,465,083 1,487,335 1,464,234 1,225,428
Per common share:        
Net income—basic (in usd per share) $ 0.39 $ 0.23 $ 1.05 $ 0.65
Net income—diluted (in usd per share) $ 0.39 $ 0.22 $ 1.03 $ 0.63