| 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: Commercial Banking, Consumer and Business 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 25 - Segment Reporting to the Consolidated Financial Statements appearing in Huntington’s 2021 Annual Report on Form 10-K.
Listed in the following tables is certain operating basis financial information reconciled to Huntington’s March 31, 2022, December 31, 2021, and March 31, 2021, reported results by business segment.
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Three Months Ended March 31, |
Income Statements |
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 |
|
Huntington Consolidated |
| (dollar amounts in millions) |
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| 2022 |
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Net interest income |
$ |
418 |
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$ |
459 |
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$ |
120 |
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$ |
49 |
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$ |
100 |
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$ |
1,146 |
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| Provision for credit losses |
131 |
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(109) |
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(7) |
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10 |
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— |
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25 |
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Noninterest income |
141 |
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272 |
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3 |
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|
66 |
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|
17 |
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|
499 |
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Noninterest expense |
248 |
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612 |
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45 |
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81 |
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|
67 |
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|
1,053 |
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Provision (benefit) for income taxes |
38 |
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|
47 |
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18 |
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5 |
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(3) |
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105 |
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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 (loss) attributable to Huntington Bancshares Inc |
$ |
140 |
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$ |
181 |
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$ |
67 |
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$ |
19 |
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$ |
53 |
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$ |
460 |
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| 2021 |
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Net interest income |
$ |
199 |
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$ |
337 |
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$ |
107 |
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$ |
34 |
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$ |
295 |
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$ |
972 |
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| Provision for credit losses |
5 |
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(36) |
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(22) |
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(7) |
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— |
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(60) |
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Noninterest income |
88 |
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|
236 |
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3 |
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53 |
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15 |
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|
395 |
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Noninterest expense |
133 |
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|
469 |
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|
35 |
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62 |
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|
94 |
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|
793 |
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Provision (benefit) for income taxes |
31 |
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29 |
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21 |
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7 |
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14 |
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|
102 |
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| Net income attributable to Huntington Bancshares Inc |
$ |
118 |
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$ |
111 |
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$ |
76 |
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$ |
25 |
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$ |
202 |
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$ |
532 |
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Assets at |
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Deposits at |
| (dollar amounts in millions) |
March 31,
2022 |
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December 31,
2021 |
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March 31,
2022 |
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December 31,
2021 |
| Commercial Banking |
$ |
58,625 |
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$ |
57,071 |
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$ |
35,034 |
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$ |
31,845 |
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| Consumer & Business Banking |
39,351 |
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39,929 |
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|
96,907 |
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95,352 |
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| Vehicle Finance |
21,134 |
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20,752 |
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1,323 |
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1,401 |
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| RBHPCG |
8,744 |
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8,325 |
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9,672 |
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10,162 |
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| Treasury / Other |
49,002 |
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47,987 |
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4,029 |
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|
4,503 |
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Total |
$ |
176,856 |
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$ |
174,064 |
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$ |
146,965 |
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$ |
143,263 |
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