Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING

v3.25.1
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Huntington’s business segments are based on our internally-aligned segment leadership structure, which is how management monitors results and assesses performance. Huntington reports on two business segments: Consumer & Regional Banking and Commercial Banking. All other items not included within our two business segments are reported within the Treasury / Other function, which primarily includes technology and operations and other unallocated assets, liabilities, revenue, and expense. For a description of our business segments, see Note 24 - “Segment Reporting” to the Consolidated Financial Statements appearing in Huntington’s 2024 Annual Report on Form 10-K.
The following tables present certain operating basis financial information for each reportable business segment reconciled to Huntington’s consolidated financial results.
Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated
(dollar amounts in millions)
Three months ended March 31, 2025
Net interest income (loss)
 $ 943  $ 513  $ (30) $ 1,426 
Provision for credit losses 47  68  —  115 
Net interest income (loss) after provision for credit losses
 896  445  (30) 1,311 
Noninterest income
 327  162  5  494 
Noninterest expense:
Direct personnel costs
 294  139  238  671 
Other noninterest expense, including corporate allocations
 525  164  (208) 481 
Total noninterest expense
 819  303  30  1,152 
Income (loss) before income taxes
 404  304  (55) 653 
Provision (benefit) for income taxes
 85  64  (27) 122 
Income attributable to non-controlling interest —  4  —  4 
Net income (loss) attributable to Huntington $ 319  $ 236  $ (28) $ 527 
Three months ended March 31, 2024
Net interest income (loss)
 $ 956  $ 523  $ (192) $ 1,287 
Provision for credit losses
 46  61  —  107 
Net interest income (loss) after provision for credit losses
 910  462  (192) 1,180 
Noninterest income
 308  145  14  467 
Noninterest expense:
Direct personnel costs
 275  137  227  639 
Other noninterest expense, including corporate allocations
 502  157  (161) 498 
Total noninterest expense
 777  294  66  1,137 
Income (loss) before income taxes
 441  313  (244) 510 
Provision (benefit) for income taxes
 93  66  (73) 86 
Income attributable to non-controlling interest —  5  —  5 
Net income (loss) attributable to Huntington
$ 348  $ 242  $ (171) $ 419 
Assets
Deposits
(dollar amounts in millions) At March 31, 2025 At December 31, 2024 At March 31, 2025 At December 31, 2024
Consumer & Regional Banking $ 78,713  $ 78,841  $ 112,972  $ 111,390 
Commercial Banking 69,118  66,919  44,090  43,366 
Treasury / Other 61,765  58,470  8,275  7,692 
Total
 $ 209,596  $ 204,230  $ 165,337  $ 162,448