| Business Segment Financial Information |
Listed in the table below is certain operating basis financial information reconciled to Huntington’s, reported results by business segment.
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Income Statements
(dollar amounts in millions)
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Consumer & Regional Banking |
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Commercial Banking |
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Treasury / Other |
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Huntington
Consolidated
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| Year Ended December 31, 2023 |
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| Net interest income (loss) |
$ |
3,717 |
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$ |
2,162 |
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$ |
(440) |
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$ |
5,439 |
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| Provision for credit losses |
246 |
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|
156 |
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— |
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402 |
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| Noninterest income |
1,257 |
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646 |
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18 |
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1,921 |
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| Noninterest expense |
3,064 |
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1,134 |
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376 |
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4,574 |
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| Provision (benefit) for income taxes |
349 |
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319 |
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(255) |
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413 |
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| Income attributable to non-controlling interest |
— |
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20 |
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— |
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20 |
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| Net income (loss) attributable to Huntington Bancshares Inc |
$ |
1,315 |
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$ |
1,179 |
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$ |
(543) |
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$ |
1,951 |
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| Year Ended December 31, 2022 |
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| Net interest income |
$ |
3,213 |
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$ |
1,807 |
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$ |
253 |
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$ |
5,273 |
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| Provision for credit losses |
260 |
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29 |
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— |
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289 |
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| Noninterest income |
1,272 |
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667 |
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42 |
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1,981 |
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| Noninterest expense |
2,924 |
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1,056 |
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221 |
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4,201 |
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| Provision (benefit) for income taxes |
274 |
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292 |
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(51) |
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515 |
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| Income attributable to non-controlling interest |
— |
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10 |
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1 |
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11 |
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| Net income attributable to Huntington Bancshares Inc |
$ |
1,027 |
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$ |
1,087 |
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$ |
124 |
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$ |
2,238 |
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Year Ended December 31, 2021 |
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| Net interest income (loss) |
$ |
3,103 |
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$ |
1,483 |
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$ |
(484) |
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$ |
4,102 |
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| Provision for credit losses |
2 |
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23 |
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— |
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25 |
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| Noninterest income |
1,289 |
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519 |
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81 |
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1,889 |
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| Noninterest expense |
2,698 |
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787 |
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890 |
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4,375 |
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| Provision (benefit) for income taxes |
355 |
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251 |
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(312) |
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294 |
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| Income attributable to non-controlling interest |
— |
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2 |
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— |
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2 |
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| Net income (loss) attributable to Huntington Bancshares Inc |
$ |
1,337 |
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$ |
939 |
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$ |
(981) |
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$ |
1,295 |
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| Segment Disclosure of Assets and Deposits |
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Assets at
December 31,
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Deposits at
December 31,
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| (dollar amounts in millions) |
2023 |
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2022 |
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2023 |
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2022 |
| Consumer & Regional Banking |
$ |
73,082 |
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$ |
70,268 |
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$ |
110,157 |
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$ |
105,064 |
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| Commercial Banking |
63,377 |
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63,611 |
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35,466 |
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36,807 |
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| Treasury / Other |
52,909 |
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49,027 |
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5,607 |
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6,043 |
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| Total |
$ |
189,368 |
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$ |
182,906 |
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$ |
151,230 |
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$ |
147,914 |
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