Business Segment Financial Information |
Listed in the table below is certain operating basis financial information reconciled to Huntington’s, reported results by business segment.
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Income Statements
(dollar amounts in millions)
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Commercial Banking |
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Consumer & Business Banking |
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Vehicle Finance |
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RBHPCG |
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Treasury / Other |
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Huntington
Consolidated
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Year Ended December 31, 2022 |
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Net interest income |
$ |
1,879 |
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$ |
2,577 |
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$ |
477 |
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$ |
232 |
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$ |
108 |
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$ |
5,273 |
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Provision for credit losses |
28 |
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|
161 |
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|
83 |
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|
17 |
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— |
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|
289 |
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Noninterest income |
670 |
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|
1,017 |
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13 |
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|
239 |
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|
42 |
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1,981 |
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Noninterest expense |
1,061 |
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2,434 |
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|
165 |
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|
320 |
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221 |
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4,201 |
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Provision (benefit) for income taxes |
307 |
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|
210 |
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51 |
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28 |
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(81) |
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|
515 |
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Income attributable to non-controlling interest |
10 |
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— |
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— |
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— |
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1 |
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11 |
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Net income attributable to Huntington Bancshares Inc |
$ |
1,143 |
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$ |
789 |
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$ |
191 |
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$ |
106 |
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$ |
9 |
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$ |
2,238 |
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Year Ended December 31, 2021 |
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Net interest income |
$ |
1,284 |
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$ |
1,667 |
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$ |
468 |
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$ |
159 |
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$ |
524 |
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$ |
4,102 |
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Provision for credit losses |
4 |
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91 |
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(86) |
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16 |
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— |
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|
25 |
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Noninterest income |
523 |
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|
1,045 |
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|
13 |
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|
227 |
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|
81 |
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1,889 |
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Noninterest expense |
791 |
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2,231 |
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|
163 |
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|
300 |
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|
890 |
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|
4,375 |
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Provision (benefit) for income taxes |
212 |
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|
82 |
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|
85 |
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15 |
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(100) |
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294 |
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Income attributable to non-controlling interest |
2 |
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— |
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— |
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— |
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— |
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2 |
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Net income attributable to Huntington Bancshares Inc |
$ |
798 |
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$ |
308 |
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$ |
319 |
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$ |
55 |
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$ |
(185) |
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$ |
1,295 |
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Year Ended December 31, 2020 |
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Net interest income |
$ |
903 |
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$ |
1,436 |
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$ |
430 |
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$ |
160 |
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$ |
295 |
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$ |
3,224 |
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Provision for credit losses |
626 |
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|
265 |
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|
146 |
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|
11 |
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— |
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|
1,048 |
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Noninterest income |
364 |
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|
945 |
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|
9 |
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|
201 |
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|
72 |
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|
1,591 |
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Noninterest expense |
542 |
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|
1,774 |
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|
141 |
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|
243 |
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|
95 |
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|
2,795 |
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Provision for income taxes |
21 |
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|
72 |
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|
32 |
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22 |
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8 |
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|
155 |
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Net income |
$ |
78 |
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$ |
270 |
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$ |
120 |
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$ |
85 |
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$ |
264 |
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$ |
817 |
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Segment Disclosure of Assets and Deposits |
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Assets at
December 31,
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Deposits at
December 31,
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(dollar amounts in millions) |
2022 |
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2021 |
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2022 |
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2021 |
Commercial Banking |
$ |
63,812 |
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$ |
57,071 |
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$ |
37,509 |
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$ |
31,845 |
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Consumer & Business Banking |
38,561 |
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39,929 |
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93,676 |
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95,352 |
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Vehicle Finance |
21,461 |
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20,752 |
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1,136 |
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1,401 |
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RBHPCG |
10,045 |
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8,325 |
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9,550 |
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10,162 |
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Treasury / Other |
49,027 |
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47,987 |
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|
6,043 |
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|
4,503 |
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Total |
$ |
182,906 |
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$ |
174,064 |
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$ |
147,914 |
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$ |
143,263 |
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