Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING Huntington’s business segments are based on our internally-aligned segment leadership structure, which is how management monitors results and assesses performance. The Company has four major business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, Regional Banking and The Huntington Private Client Group (RBHPCG). The Treasury / Other function includes technology and operations, other unallocated assets, liabilities, revenue, and expense. For a description of our business segments, see Note 26 - Segment Reporting to the Consolidated Financial Statements of the Corporation’s 2020 Annual Report on Form 10-K.
Business segment results are determined based upon Huntington’s management reporting system, which assigns balance sheet and income statement items to each of the business segments. The process is designed around the organizational and management structure and, accordingly, the results derived are not necessarily comparable with similar information published by other financial institutions. Additionally, because of the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities.
Huntington uses an active and centralized FTP methodology to attribute appropriate net interest income to the business segments. The intent of the FTP methodology is to transfer interest rate risk from the business segments by providing matched duration funding of assets and liabilities. The result is to centralize the financial impact, management, and reporting of interest rate risk in the Treasury / Other function where it can be centrally monitored and managed. The Treasury / Other function charges (credits) an internal cost of funds for assets held in (or pays for funding provided by) each business segment. The FTP rate is based on prevailing market interest rates for comparable duration assets (or liabilities).
Listed in the table below is certain operating basis financial information reconciled to Huntington’s March 31, 2021, December 31, 2020, and March 31, 2020, reported results by business segment.
Three Months Ended March 31,
Income Statements
 Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2021
Net interest income
 $ 337  $ 199  $ 107  $ 34  $ 295  $ 972 
Provision (benefit) for credit losses
 (36) 5  (22) (7) —  (60)
Noninterest income
 236  88  3  53  15  395 
Noninterest expense
 469  133  35  62  94  793 
Provision (benefit) for income taxes
 29  31  21  7  14  102 
Net income (loss)
 $ 111  $ 118  $ 76  $ 25  $ 202  $ 532 
2020
Net interest income
 $ 364  $ 232  $ 106  $ 43  $ 45  $ 790 
Provision (benefit) for credit losses
 82  298  60  1  —  441 
Noninterest income
 212  86  3  50  10  361 
Noninterest expense
 418  129  35  62  8  652 
Provision (benefit) for income taxes
 16  (23) 3  6  8  10 
Net income (loss)
 $ 60  $ (86) $ 11  $ 24  $ 39  $ 48 
Assets at Deposits at
(dollar amounts in millions) March 31,
2021		 December 31,
2020		 March 31,
2021		 December 31,
2020
Consumer & Business Banking $ 30,627  $ 30,758  $ 65,437  $ 60,910 
Commercial Banking 36,797  36,311  25,420  24,766 
Vehicle Finance 19,208  19,789  849  722 
RBHPCG 6,837  7,064  7,163  7,635 
Treasury / Other 32,299  29,116  3,315  4,915 
Total
 $ 125,768  $ 123,038  $ 102,184  $ 98,948