Quarterly report [Sections 13 or 15(d)]

REVENUE FROM CONTRACTS WITH CUSTOMERS

v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Revenue is segregated based on the nature of the product and services offered as part of contractual arrangements. 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. The following tables present total noninterest income disaggregated by operating segment and segregated between revenue with contracts with customers within the scope of ASC 606 and revenue within the scope of other GAAP topics.
(dollar amounts in millions) Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated
Major Revenue Streams
Three months ended June 30, 2025
Payments and cash management revenue $ 117  $ 33  $ —  $ 150 
Wealth and asset management revenue 98  4  —  102 
Customer deposit and loan fees 58  4  —  62 
Capital markets and advisory fees 2  39  —  41 
Leasing revenue —  3  —  3 
Insurance income 19  —  —  19 
Other noninterest income 1  1  (2) — 
Net revenue from contracts with customers 295  84  (2) 377 
Noninterest income within the scope of other GAAP topics
 44  93  (43) 94 
Total noninterest income $ 339  $ 177  $ (45) $ 471 
Three months ended June 30, 2024
Payments and cash management revenue $ 114  $ 28  $ —  $ 142 
Wealth and asset management revenue 88  2  —  90 
Customer deposit and loan fees 53  3  —  56 
Capital markets and advisory fees 7  36  —  43 
Leasing revenue —  10  —  10 
Insurance income 16  2  —  18 
Other noninterest income 2  —  (1) 1 
Net revenue from contracts with customers 280  81  (1) 360 
Noninterest income within the scope of other GAAP topics
 42  83  6  131 
Total noninterest income $ 322  $ 164  $ 5  $ 491 
(dollar amounts in millions) Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated
Major Revenue Streams
Six Months Ended June 30, 2025
Payments and cash management revenue $ 225  $ 65  $ —  $ 290 
Wealth and asset management revenue 193  10  —  203 
Customer deposit and loan fees 110  6  —  116 
Capital markets and advisory fees 6  65  —  71 
Leasing revenue 1  6  —  7 
Insurance income 36  3  —  39 
Other noninterest income 2  2  (2) 2 
Net revenue from contracts with customers 573  157  (2) 728 
Noninterest income within the scope of other GAAP topics
 93  182  (38) 237 
Total noninterest income $ 666  $ 339  $ (40) $ 965 
Six Months Ended June 30, 2024
Payments and cash management revenue $ 221  $ 55  $ —  $ 276 
Wealth and asset management revenue 173  5  —  178 
Customer deposit and loan fees 103  7  —  110 
Capital markets and advisory fees 11  61  —  72 
Leasing revenue 1  19  —  20 
Insurance income 32  5  —  37 
Other noninterest income 4  —  (1) 3 
Net revenue from contracts with customers 545  152  (1) 696 
Noninterest income within the scope of other GAAP topics
 85  157  20  262 
Total noninterest income $ 630  $ 309  $ 19  $ 958 
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 June 30, 2025 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 June 30, 2025 was determined to be immaterial.