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

Annual report pursuant to Section 13 and 15(d)

NONINTEREST INCOME

NONINTEREST INCOME

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

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.