Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.21.2
SEGMENT REPORTING
 9 Months Ended
Sep. 30, 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, and 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 appearing in Huntington’s 2020 Annual Report on Form 10-K.
Listed in the following tables is certain operating basis financial information reconciled to Huntington’s September 30, 2021, December 31, 2020, and September 30, 2020, reported results by business segment.
Three Months Ended September 30,
Income Statements
 Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2021
Net interest income
 $ 483  $ 416  $ 123  $ 42  $ 96  $ 1,160 
Provision for credit losses (7) (34) (25) 4  —  (62)
Noninterest income
 302  150  4  58  21  535 
Noninterest expense
 637  247  48  84  273  1,289 
Provision (benefit) for income taxes
 33  73  22  3  (41) 90 
Income attributable to non-controlling interest —  1  —  —  —  1 
Net income (loss) attributable to Huntington Bancshares Inc $ 122  $ 279  $ 82  $ 9  $ (115) $ 377 
2020
Net interest income
 $ 367  $ 221  $ 110  $ 39  $ 80  $ 817 
Provision for credit losses 87  87  (12) 15  —  177 
Noninterest income
 274  90  2  47  17  430 
Noninterest expense
 450  135  34  56  37  712 
Provision (benefit) for income taxes
 22  19  19  3  (8) 55 
Income attributable to non-controlling interest —  —  —  —  —  — 
Net income attributable to Huntington Bancshares Inc $ 82  $ 70  $ 71  $ 12  $ 68  $ 303 
Nine months ended September 30,
Income Statements Consumer & Business Banking Commercial Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
(dollar amounts in millions)
2021
Net interest income $ 1,187  $ 873  $ 340  $ 113  $ 457  $ 2,970 
Provision for credit losses 57  107  (77) 2  —  89 
Noninterest income 780  353  9  165  67  1,374 
Noninterest expense 1,617  553  119  217  648  3,154 
Provision (benefit) for income taxes 62  119  64  12  (51) 206 
Income attributable to non-controlling interest —  1  —  —  —  1 
Net income (loss) attributable to Huntington Bancshares Inc
 $ 231  $ 446  $ 243  $ 47  $ (73) $ 894 
2020
Net interest income $ 1,099  $ 693  $ 316  $ 122  $ 169  $ 2,399 
Provision for credit losses 200  611  118  16  —  945 
Noninterest income 704  261  7  151  59  1,182 
Noninterest expense 1,288  400  103  181  67  2,039 
Provision (benefit) for income taxes 66  (12) 21  16  5  96 
Income attributable to non-controlling interest —  —  —  —  —  — 
Net income (loss) attributable to Huntington Bancshares Inc
 $ 249  $ (45) $ 81  $ 60  $ 156  $ 501 
Assets at Deposits at
(dollar amounts in millions) September 30,
2021		 December 31,
2020		 September 30,
2021		 December 31,
2020
Consumer & Business Banking $ 41,656  $ 30,758  $ 94,439  $ 60,910 
Commercial Banking 54,671  36,311  32,531  24,766 
Vehicle Finance 20,122  19,789  1,437  722 
RBHPCG 8,114  7,064  9,025  7,635 
Treasury / Other 49,315  29,116  4,466  4,915 
Total
 $ 173,878  $ 123,038  $ 141,898  $ 98,948