Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

v3.20.2
NONINTEREST INCOME
 6 Months Ended
Jun. 30, 2020
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 Unaudited Condensed 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)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Noninterest income
 
2020
 
2019
 
2020
 
2019
Noninterest income from contracts with customers
 
$
201

 
$
235

 
$
428

 
$
457

Noninterest income within the scope of other GAAP topics
 
190

 
139

 
324

 
236

Total noninterest income
 
$
391

 
$
374

 
$
752

 
$
693


The following table illustrates the disaggregation by operating segment and major revenue stream and reconciles disaggregated revenue to segment revenue presented in Note 16 “Segment Reporting”.
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2020
(dollar amounts in millions)
Consumer & Business Banking
 
Commercial Banking
 
Vehicle Finance
 
RBHPCG
 
Treasury / Other
 
Huntington Consolidated
Major Revenue Streams
 
 
 
 
 
Service charges on deposit accounts
$
39

 
$
18

 
$
1

 
$
1

 
$
—

 
$
59

Card and payment processing income
52

 
3

 
—

 
—

 
—

 
55

Trust and investment management services
10

 
1

 
—

 
34

 
—

 
45

Insurance income
12

 
1

 
—

 
11

 
1

 
25

Other noninterest income
4

 
5

 
—

 
7

 
1

 
17

Net revenue from contracts with customers
$
117

 
$
28

 
$
1

 
$
53

 
$
2

 
$
201

Noninterest income within the scope of
other GAAP topics
101

 
57

 
1

 
1

 
30

 
190

Total noninterest income
$
218

 
$
85

 
$
2

 
$
54

 
$
32

 
$
391

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 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
$
73

 
$
16

 
$
2

 
$
1

 
$
—

 
$
92

Card and payment processing income
56

 
4

 
—

 
—

 
—

 
60

Trust and investment management services
8

 
1

 
—

 
34

 
—

 
43

Insurance income
9

 
1

 
—

 
12

 
1

 
23

Other noninterest income
8

 
5

 
1

 
1

 
2

 
17

Net revenue from contracts with customers
$
154

 
$
27

 
$
3

 
$
48

 
$
3

 
$
235

Noninterest income within the scope of
other GAAP topics
44

 
62

 
1

 
1

 
31

 
139

Total noninterest income
$
198

 
$
89

 
$
4

 
$
49

 
$
34

 
$
374


 
Six Months Ended June 30, 2020
(dollar amounts in millions)
Consumer & Business Banking
 
Commercial Banking
 
Vehicle Finance
 
RBHPCG
 
Treasury / Other
 
Huntington Consolidated
Major Revenue Streams
 
 
 
 
 
Service charges on deposit accounts
$
107

 
$
35

 
$
2

 
$
2

 
$
—

 
$
146

Card and payment processing income
104

 
7

 
—

 
—

 
—

 
111

Trust and investment management services
20

 
2

 
—

 
70

 
—

 
92

Insurance income
20

 
3

 
—

 
23

 
2

 
48

Other noninterest income
12

 
8

 
1

 
8

 
2

 
31

Net revenue from contracts with customers
$
263

 
$
55

 
$
3

 
$
103

 
$
4

 
$
428

Noninterest income within the scope of
other GAAP topics
167

 
115

 
2

 
2

 
38

 
324

Total noninterest income
$
430

 
$
170

 
$
5

 
$
105

 
$
42

 
$
752

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 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
$
142

 
$
32

 
$
3

 
$
2

 
$
—

 
$
179

Card and payment processing income
106

 
7

 
—

 
—

 
—

 
113

Trust and investment management services
16

 
1

 
—

 
69

 
1

 
87

Insurance income
17

 
3

 
—

 
23

 
1

 
44

Other noninterest income
16

 
10

 
2

 
4

 
2

 
34

Net revenue from contracts with customers
$
297

 
$
53

 
$
5

 
$
98

 
$
4

 
$
457

Noninterest income within the scope of
other GAAP topics
75

 
112

 
1

 
2

 
46

 
236

Total noninterest income
$
372

 
$
165

 
$
6

 
$
100

 
$
50

 
$
693


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 June 30, 2020 is expected to be earned within one year.