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) (Tables)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly results of operations

The following is a summary of the quarterly results of operations, for the years ended December 31, 2019 and 2018:



	Three Months Ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions, except per share data)	2019				2019				2019				2019
Interest income	$	1,011			$	1,052			$	1,068			$	1,070
Interest expense	231				253				256				248
Net interest income	780				799				812				822
Provision for credit losses	79				82				59				67
Noninterest income	372				389				374				319
Noninterest expense	701				667				700				653
Income before income taxes	372				439				427				421
Provision for income taxes	55				67				63				63
Net income	317				372				364				358
Dividends on preferred shares	19				18				18				19
Net income applicable to common shares	$	298			$	354			$	346			$	339
Net income per common share — Basic	$	0.29			$	0.34			$	0.33			$	0.32
Net income per common share — Diluted	0.28				0.34				0.33				0.32



	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 (benefit) 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