Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

v3.22.2.2
NONINTEREST INCOME
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
NONINTEREST INCOME NONINTEREST INCOME
Huntington earns a variety of revenue including interest and fees from customers as well as revenues from non-customers. Certain sources of revenue are recognized within interest or fee income and are outside of the scope of ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). Other sources of revenue fall within the scope of ASC 606 and are generally recognized within noninterest income. These revenues are included within various sections of the Unaudited Condensed Consolidated Financial Statements. The following table shows Huntington’s total noninterest income segregated between contracts with customers within the scope of ASC 606 and those within the scope of other GAAP Topics.
(dollar amounts in millions) Three Months Ended September 30, Nine Months Ended September 30,
Noninterest income 2022 2021 2022 2021
Noninterest income from contracts with customers $ 345  $ 315  $ 975  $ 794 
Noninterest income within the scope of other GAAP topics 153  220  507  580 
Total noninterest income $ 498  $ 535  $ 1,482  $ 1,374 
The following table illustrates the disaggregation by operating segment and major revenue stream and reconciles disaggregated revenue to segment revenue presented in Note 17 “Segment Reporting”.
Three Months Ended September 30, 2022
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 20  $ 70  $ 2  $ 1  $ —  $ 93 
Card and payment processing income 6  84  —  —  —  90 
Trust and investment management services 1  16  —  43  —  60 
Insurance income 2  14  —  11  1  28 
Capital markets fees 37  2  1  —  (2) 38 
Other noninterest income 29  6  1  1  (1) 36 
Net revenue from contracts with customers $ 95  $ 192  $ 4  $ 56  $ (2) $ 345 
Noninterest income within the scope of
other GAAP topics
 86  51  —  1  15  153 
Total noninterest income $ 181  $ 243  $ 4  $ 57  $ 13  $ 498 
Three Months Ended September 30, 2021
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 23  $ 89  $ 1  $ 1  $ —  $ 114 
Card and payment processing income 6  85  —  —  —  91 
Trust and investment management services —  17  —  44  —  61 
Insurance income 2  12  —  11  —  25 
Capital markets fees 4  1  —  1  —  6 
Other noninterest income 1  7  1  1  8  18 
Net revenue from contracts with customers $ 36  $ 211  $ 2  $ 58  $ 8  $ 315 
Noninterest income within the scope of
other GAAP topics
 114  91  2  —  13  220 
Total noninterest income $ 150  $ 302  $ 4  $ 58  $ 21  $ 535 
Nine Months Ended September 30, 2022
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 65  $ 222  $ 5  $ 3  $ —  $ 295 
Card and payment processing income 17  242  —  —  —  259 
Trust and investment management services 3  51  —  134  —  188 
Insurance income 6  40  —  39  1  86 
Capital markets fees 48  6  2  1  (2) 55 
Other noninterest income 72  18  1  2  (1) 92 
Net revenue from contracts with customers $ 211  $ 579  $ 8  $ 179  $ (2) $ 975 
Noninterest income within the scope of
other GAAP topics
 262  206  2  2  35  507 
Total noninterest income $ 473  $ 785  $ 10  $ 181  $ 33  $ 1,482 
Nine Months Ended September 30, 2021
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 64  $ 201  $ 4  $ 2  $ —  $ 271 
Card and payment processing income 14  211  —  —  —  225 
Trust and investment management services 1  45  —  122  —  168 
Insurance income 5  38  —  33  1  77 
Capital markets fees 11  4  1  1  —  17 
Other noninterest income 3  15  1  6  11  36 
Net revenue from contracts with customers $ 98  $ 514  $ 6  $ 164  $ 12  $ 794 
Noninterest income within the scope of
other GAAP topics
 255  266  3  1  55  580 
Total noninterest income $ 353  $ 780  $ 9  $ 165  $ 67  $ 1,374 
Huntington generally provides services for customers in which it acts as principal. Payment terms and conditions vary amongst services and customers, and thus impact the timing and amount of revenue recognition. Some fees may be paid before any service is rendered and accordingly, such fees are deferred until the obligations pertaining to those fees are satisfied. Most Huntington contracts with customers are cancelable by either party without penalty or they are short-term in nature, with a contract duration of less than one year. Accordingly, most revenue deferred for the reporting period ended September 30, 2022 is expected to be earned within one year. Huntington does not have significant balances of contract assets or contract liabilities and any change in those balances during the reporting period ended September 30, 2022 was determined to be immaterial.