Quarterly report pursuant to Section 13 or 15(d)

NONINTEREST INCOME

v3.23.1
NONINTEREST INCOME
 3 Months Ended
Mar. 31, 2023
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 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 March 31,
Noninterest income 2023 2022
Noninterest income from contracts with customers $ 377  $ 308 
Noninterest income within the scope of other GAAP topics 135  191 
Total noninterest income $ 512  $ 499 
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 March 31, 2023
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 19  $ 61  $ 2  $ 1  $ —  $ 83 
Card and payment processing income 6  80  —  —  —  86 
Trust and investment management services —  17  —  45  —  62 
Insurance income 2  19  —  13  —  34 
Capital markets fees 26  2  1  —  —  29 
Other noninterest income 20  7  —  56  —  83 
Net revenue from contracts with customers $ 73  $ 186  $ 3  $ 115  $ —  $ 377 
Noninterest income within the scope of
other GAAP topics
 84  37  —  2  12  135 
Total noninterest income $ 157  $ 223  $ 3  $ 117  $ 12  $ 512 
Three Months Ended March 31, 2022
(dollar amounts in millions) Commercial Banking Consumer & Business Banking Vehicle Finance RBHPCG Treasury / Other Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts $ 23  $ 71  $ 2  $ 1  $ —  $ 97 
Card and payment processing income 6  74  —  —  —  80 
Trust and investment management services —  18  —  47  —  65 
Insurance income 2  12  —  16  1  31 
Capital markets fees 4  2  —  —  —  6 
Other noninterest income 21  6  —  1  1  29 
Net revenue from contracts with customers $ 56  $ 183  $ 2  $ 65  $ 2  $ 308 
Noninterest income within the scope of
other GAAP topics
 85  89  1  1  15  191 
Total noninterest income $ 141  $ 272  $ 3  $ 66  $ 17  $ 499 
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 March 31, 2023 is expected to be earned within one year. Huntington does not have significant balances of contract assets or contract liabilities and any change in those balances during the reporting period ended March 31, 2023 was determined to be immaterial.