Annual report pursuant to Section 13 and 15(d)

NONINTEREST INCOME

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NONINTEREST INCOME
 12 Months Ended
Dec. 31, 2022
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. Refer to Note 1, “Significant Accounting Policies” for details of these revenues. 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.
Year Ended December 31,
(dollar amounts in millions) 2022 2021 2020
Noninterest income
Noninterest income from contracts with customers $ 1,318  $ 1,113  $ 884 
Noninterest income within the scope of other GAAP topics 663  776  707 
Total noninterest income $ 1,981  $ 1,889  $ 1,591 
The following table illustrates the disaggregation by operating segment and major revenue stream and reconciles disaggregated revenue to segment revenue presented in Note 25 - “Segment Reporting”:
Year Ended December 31, 2022
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 85  $ 288  $ 7  $ 4  $ —  $ 384 
Card and payment processing income 24  324  —  —  —  348 
Capital markets fees 90  8  2  2  (3) 99 
Trust and investment management services 4  67  —  178  —  249 
Insurance income 9  59  —  50  (1) 117 
Other noninterest income 94  26  1  2  (2) 121 
Net revenue from contracts with customers $ 306  $ 772  $ 10  $ 236  $ (6) $ 1,318 
Noninterest income
within the scope of other GAAP topics
 364  245  3  3  48  663 
Total noninterest income $ 670  $ 1,017  $ 13  $ 239  $ 42  $ 1,981 
Year Ended December 31, 2021
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 85  $ 278  $ 6  $ 3  $ —  $ 372 
Card and payment processing income 19  292  —  —  —  311 
Capital markets fees 16  6  2  1  —  25 
Trust and investment management services 3  63  —  166  —  232 
Insurance Income 7  48  —  49  1  105 
Other noninterest income 29  20  1  7  11  68 
Net revenue from contracts with customers $ 159  $ 707  $ 9  $ 226  $ 12  $ 1,113 
Noninterest income
within the scope of other GAAP topics
 364  338  4  1  69  776 
Total noninterest income $ 523  $ 1,045  $ 13  $ 227  $ 81  $ 1,889 
Year Ended December 31, 2020
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 74  $ 217  $ 6  $ 4  $ —  $ 301 
Card and payment processing income 15  221  —  —  —  236 
Capital markets fees 10  5  2  1  —  18 
Trust and investment management services 5  44  —  140  —  189 
Insurance Income 7  43  —  46  1  97 
Other noninterest income 12  21  —  10  —  43 
Net revenue from contracts with customers $ 123  $ 551  $ 8  $ 201  $ 1  $ 884 
Noninterest income
within the scope of other GAAP topics
 241  394  1  —  71  707 
Total noninterest income $ 364  $ 945  $ 9  $ 201  $ 72  $ 1,591 
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, 2022 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, 2022 was determined to be immaterial.