Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v3.25.0.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Business Segment Financial Information
The following tables present certain operating basis financial information for each reportable business segment reconciled to Huntington’s consolidated financial results.
Income Statements
(dollar amounts in millions)
 Consumer & Regional Banking Commercial Banking Treasury / Other
Huntington
Consolidated
Year Ended December 31, 2024
Net interest income (loss) $ 4,070  $ 2,123  $ (848) $ 5,345 
Provision for credit losses 284  136  —  420 
Net interest income (loss) after provision for credit losses
 3,786  1,987  (848) 4,925 
Noninterest income 1,301  716  23  2,040 
Noninterest expense:
Direct personnel costs
 1,135  607  959  2,701 
Other noninterest expense, including corporate allocations
 2,038  611  (788) 1,861 
Total noninterest expense
 3,173  1,218  171  4,562 
Income (loss) before income taxes
 1,914  1,485  (996) 2,403 
Provision (benefit) for income taxes 402  312  (271) 443 
Income attributable to non-controlling interest —  20  —  20 
Net income (loss) attributable to Huntington
 $ 1,512  $ 1,153  $ (725) $ 1,940 
Year Ended December 31, 2023
Net interest income (loss)
 $ 3,717  $ 2,162  $ (440) $ 5,439 
Provision for credit losses 246  156  —  402 
Net interest income (loss) after provision for credit losses
 3,471  2,006  (440) 5,037 
Noninterest income 1,257  646  18  1,921 
Noninterest expense:
Direct personnel costs
 1,138  502  889  2,529 
Other noninterest expense, including corporate allocations
 1,926  632  (513) 2,045 
Total noninterest expense
 3,064  1,134  376  4,574 
Income (loss) before income taxes
 1,664  1,518  (798) 2,384 
Provision (benefit) for income taxes 349  319  (255) 413 
Income attributable to non-controlling interest —  20  —  20 
Net income attributable to Huntington
 $ 1,315  $ 1,179  $ (543) $ 1,951 
Year Ended December 31, 2022
Net interest income (loss) $ 3,213  $ 1,807  $ 253  $ 5,273 
Provision for credit losses 260  29  —  289 
Net interest income (loss) after provision for credit losses
 2,953  1,778  253  4,984 
Noninterest income 1,272  667  42  1,981 
Noninterest expense:
Direct personnel costs
 1,124  444  833  2,401 
Other noninterest expense, including corporate allocations
 1,800  612  (612) 1,800 
Total noninterest expense
 2,924  1,056  221  4,201 
Income (loss) before income taxes
 1,301  1,389  74  2,764 
Provision (benefit) for income taxes 274  292  (51) 515 
Income attributable to non-controlling interest —  10  1  11 
Net income (loss) attributable to Huntington
 $ 1,027  $ 1,087  $ 124  $ 2,238 
Segment Disclosure of Assets and Deposits
 
Assets at
December 31,
Deposits at
December 31,
(dollar amounts in millions) 2024 2023 2024 2023
Consumer & Regional Banking $ 78,841  $ 73,082  $ 111,390  $ 110,157 
Commercial Banking 66,919  63,377  43,366  35,466 
Treasury / Other 58,470  52,909  7,692  5,607 
Total $ 204,230  $ 189,368  $ 162,448  $ 151,230