Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

Quarterly Results of Operations (unaudited)

The following is a summary of the quarterly results of operations, for the years ended December 31, 2018 and 2017:



	Three Months Ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions, except per share data)	2018				2018				2018				2018
Interest income	$	1,056			$	1,007			$	972			$	914
Interest expense	223				205				188				144
Net interest income	833				802				784				770
Provision for credit losses	60				53				56				66
Noninterest income	329				342				336				314
Noninterest expense	711				651				652				633
Income before income taxes	391				440				412				385
Provision for income taxes	57				62				57				59
Net income	334				378				355				326
Dividends on preferred shares	19				18				21				12
Net income applicable to common shares	$	315			$	360			$	334			$	314
Net income per common share — Basic	$	0.30			$	0.33			$	0.30			$	0.29
Net income per common share — Diluted	0.29				0.33				0.30				0.28



	Three Months Ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions, except per share data)	2017				2017				2017				2017
Interest income	$	894			$	873			$	846			$	820
Interest expense	124				115				101				91
Net interest income	770				758				745				729
Provision for credit losses	65				43				25				68
Noninterest income	340				330				325				312
Noninterest expense	633				680				694				707
Income before income taxes	412				365				351				266
Provision (benefit) for income taxes	(20		)		90				79				59
Net income	432				275				272				207
Dividends on preferred shares	19				19				19				19
Net income applicable to common shares	$	413			$	256			$	253			$	188
Net income per common share — Basic	$	0.38			$	0.24			$	0.23			$	0.17
Net income per common share — Diluted	0.37				0.23				0.23				0.17