Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING

v3.25.2
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 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 June 30, 2025
Net interest income (loss)
 $ 1,014  $ 513  $ (60) $ 1,467 
Provision (benefit) for credit losses
 138  (35) —  103 
Net interest income (loss) after provision (benefit) for credit losses
 876  548  (60) 1,364 
Noninterest income
 339  177  (45) 471 
Noninterest expense:
Direct personnel costs
 305  149  268  722 
Other noninterest expense, including corporate allocations
 535  168  (228) 475 
Total noninterest expense
 840  317  40  1,197 
Income (loss) before income taxes
 375  408  (145) 638 
Provision (benefit) for income taxes
 78  86  (68) 96 
Income attributable to non-controlling interest —  6  —  6 
Net income (loss) attributable to Huntington $ 297  $ 316  $ (77) $ 536 
Three months ended June 30, 2024
Net interest income (loss)
 $ 1,007  $ 527  $ (222) $ 1,312 
Provision for credit losses
 76  24  —  100 
Net interest income (loss) after provision for credit losses
 931  503  (222) 1,212 
Noninterest income
 322  164  5  491 
Noninterest expense:
Direct personnel costs
 285  148  230  663 
Other noninterest expense, including corporate allocations
 503  152  (201) 454 
Total noninterest expense
 788  300  29  1,117 
Income (loss) before income taxes
 465  367  (246) 586 
Provision (benefit) for income taxes
 97  77  (68) 106 
Income attributable to non-controlling interest —  6  —  6 
Net income (loss) attributable to Huntington
$ 368  $ 284  $ (178) $ 474 
Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated
(dollar amounts in millions)
Six months ended June 30, 2025
Net interest income (loss)
 $ 1,957  $ 1,026  $ (90) $ 2,893 
Provision for credit losses 185  33  —  218 
Net interest income (loss) after provision for credit losses
 1,772  993  (90) 2,675 
Noninterest income 666  339  (40) 965 
Noninterest expense:
Direct personnel costs
 599  288  506  1,393 
Other noninterest expense, including corporate allocations
 1,060  332  (436) 956 
Total noninterest expense
 1,659  620  70  2,349 
Income (loss) before income taxes
 779  712  (200) 1,291 
Provision (benefit) for income taxes 163  150  (95) 218 
Income attributable to non-controlling interest —  10  —  10 
Net income (loss) attributable to Huntington $ 616  $ 552  $ (105) $ 1,063 
Six months ended June 30, 2024
Net interest income (loss)
 $ 1,963  $ 1,050  $ (414) $ 2,599 
Provision for credit losses
 122  85  —  207 
Net interest income (loss) after provision for credit losses
 1,841  965  (414) 2,392 
Noninterest income 630  309  19  958 
Noninterest expense:
Direct personnel costs
 560  285  457  1,302 
Other noninterest expense, including corporate allocations
 1,005  309  (362) 952 
Total noninterest expense
 1,565  594  95  2,254 
Income (loss) before income taxes
 906  680  (490) 1,096 
Provision (benefit) for income taxes 190  143  (141) 192 
Income attributable to non-controlling interest —  11  —  11 
Net income (loss) attributable to Huntington
 $ 716  $ 526  $ (349) $ 893 
Assets
Deposits
(dollar amounts in millions) At June 30, 2025 At December 31, 2024 At June 30, 2025 At December 31, 2024
Consumer & Regional Banking $ 80,225  $ 78,841  $ 111,926  $ 111,390 
Commercial Banking 70,380  66,919  43,691  43,366 
Treasury / Other 57,137  58,470  7,763  7,692 
Total
 $ 207,742  $ 204,230  $ 163,380  $ 162,448