Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.22.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and fee income:    
Loans and leases $ 1,004,000 $ 752,000
Available-for-sale securities    
Taxable 90,000 49,000
Tax-exempt 17,000 13,000
Held-to-maturity securities—taxable 66,000 42,000
Other securities—taxable 5,000 2,000
Other 13,000 11,000
Total interest income 1,195,000 869,000
Interest expense:    
Deposits 11,000 11,000
Short-term borrowings 7,000 0
Long-term debt 31,000 (114,000)
Total interest expense 49,000 (103,000)
Net interest income 1,146,000 972,000
Provision for credit losses 25,000 (60,000)
Net interest income after provision for credit losses 1,121,000 1,032,000
Service charges on deposit accounts 97,000 69,000
Card and payment processing income 86,000 65,000
Mortgage banking income 49,000 100,000
Trust and investment management services 65,000 52,000
Capital markets fees 42,000 29,000
Insurance income 31,000 27,000
Leasing revenue 35,000 4,000
Bank owned life insurance income 17,000 16,000
Gain on sale of loans 28,000 3,000
Other noninterest income 49,000 30,000
Total noninterest income 499,000 395,000
Personnel costs 580,000 468,000
Outside data processing and other services 165,000 115,000
Net occupancy 64,000 42,000
Equipment 81,000 46,000
Professional services 19,000 17,000
Marketing 21,000 14,000
Deposit and other insurance expense 18,000 8,000
Amortization of intangibles 14,000 10,000
Lease financing equipment depreciation 14,000 0
Other noninterest expense 77,000 73,000
Total noninterest expense 1,053,000 793,000
Income before income taxes 567,000 634,000
Provision for income taxes 105,000 102,000
Income after income taxes 462,000 532,000
Income attributable to non-controlling interest 2,000 0
Net income attributable to Huntington Bancshares Inc 460,000 532,000
Dividends on preferred shares 28,000 31,000
Net income applicable to common shares $ 432,000 $ 501,000
Average common shares—basic (in shares) 1,438,427 1,017,512
Average common shares—diluted (in shares) 1,464,327 1,041,003
Per common share:    
Net income—basic (in usd per share) $ 0.30 $ 0.49
Net income—diluted (in usd per share) $ 0.29 $ 0.48