Annual report pursuant to Section 13 and 15(d)

NONINTEREST INCOME

v3.19.3.a.u2
NONINTEREST INCOME
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
NONINTEREST INCOME NONINTEREST INCOME
Huntington earns a variety of revenue including interest and fees from customers as well as revenues from non-customers. 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. These revenues are included within various sections of the Consolidated Financial Statements. The following table shows Huntington’s total noninterest income segregated between contracts with customers within the scope of ASC 606 and those within the scope of other GAAP Topics.
(dollar amounts in millions)
 
Year Ended
December 31, 2019
 
Year Ended December 31, 2018
Noninterest income
 
 
 
 
Noninterest income from contracts with customers
 
$
939

 
$
881

Noninterest income within the scope of other GAAP topics
 
515

 
440

Total noninterest income
 
$
1,454

 
$
1,321


The following table illustrates the disaggregation by operating segment and major revenue stream and reconciles
disaggregated revenue to segment revenue presented in Note 24 - “Segment Reporting”:
 
Year Ended December 31, 2019
(dollar amounts in millions)
Consumer & Business Banking
 
Commercial Banking
 
Vehicle Finance
 
RBHPCG
 
Treasury / Other
 
Huntington Consolidated
Major Revenue Streams
 
 
 
 
 
 
 
 
 
 
 
Service charges on deposit accounts
$
297

 
$
64

 
$
7

 
$
4

 
$

 
$
372

Card and payment processing income
218

 
15

 

 

 

 
233

Trust and investment management services
34

 
4

 

 
139

 
1

 
178

Insurance income
34

 
6

 

 
47

 
1

 
88

Other noninterest income
32

 
24

 
4

 
6

 
2

 
68

Net revenue from contracts with customers
$
615

 
$
113

 
$
11

 
$
196

 
$
4

 
$
939

Noninterest income
within the scope of other GAAP topics
210

 
246

 
1

 
2

 
56

 
515

Total noninterest income
$
825

 
$
359

 
$
12

 
$
198

 
$
60

 
$
1,454

 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2018
(dollar amounts in millions)
Consumer & Business Banking
 
Commercial Banking
 
Vehicle Finance
 
RBHPCG
 
Treasury / Other
 
Huntington Consolidated
Major Revenue Streams
 
 
 
 
 
 
 
 
 
 
 
Service charges on deposit accounts
$
290

 
$
64

 
$
5

 
$
4

 
$

 
$
363

Card and payment processing income
198

 
11

 

 

 

 
209

Trust and investment management services
28

 
4

 

 
139

 

 
171

Insurance income
34

 
5

 

 
41

 
2

 
82

Other noninterest income
38

 
6

 
3

 
8

 
1

 
56

Net revenue from contracts with customers
$
588

 
$
90

 
$
8

 
$
192

 
$
3

 
$
881

Noninterest income
within the scope of other GAAP topics
156

 
231

 
3

 
1

 
49

 
440

Total noninterest income
$
744

 
$
321

 
$
11

 
$
193

 
$
52

 
$
1,321


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 December 31, 2019 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 December 31, 2019 was determined to be immaterial.