Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.23.2
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2023
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 two business segments: Consumer & Regional Banking and Commercial Banking. The Treasury / Other function includes technology and operations, other unallocated assets, liabilities, revenue, and expense. See Note 1 “Basis of Presentation” for a description of the changes made during the second quarter 2023. Prior period results have been adjusted to conform to the new segment presentation.
Consumer & Regional Banking - Consumer & Regional Banking offers a comprehensive set of digitally powered consumer and business financial solutions to Consumer Lending, Regional Banking, Branch Banking, and Wealth Management customers. The Consumer & Regional Banking segment provides a wide array of financial products and services to consumer and business customers including, but not limited to, deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. We serve our customers through our network of channels, including branches, online banking, mobile banking, telephone banking, and ATMs.
Commercial Banking - The Commercial Banking segment provides expertise through bankers, capabilities, and digital channels, and includes a comprehensive set of product offerings. Our target clients span from mid-market to large corporates across a national footprint. The Commercial Banking segment leverages internal partnerships for wealth management, trust, insurance, payments, and treasury management capabilities. In particular, our payments capabilities continue to expand as we develop unique solutions for our diverse client segments, including Huntington ChoicePay. This segment includes customers in Middle Market Banking, Corporate, Specialty, and Government Banking, Asset Finance, Commercial Real Estate Banking, and Capital Markets.
Listed in the following tables is certain operating basis financial information reconciled to Huntington’s June 30, 2023, December 31, 2022, and June 30, 2022, reported results by business segment.
Income Statements
 Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated
(dollar amounts in millions)
Three months ended June 30, 2023
Net interest income
 $ 1,192  $ 577  $ (423) $ 1,346 
Provision for credit losses 64  28  —  92 
Noninterest income
 302  167  26  495 
Noninterest expense
 765  274  11  1,050 
Provision (benefit) for income taxes
 140  93  (99) 134 
Income attributable to non-controlling interest —  6  —  6 
Net income (loss) attributable to Huntington $ 525  $ 343  $ (309) $ 559 
Three months ended June 30, 2022
Net interest income
 $ 710  $ 422  $ 129  $ 1,261 
Provision (benefit) for credit losses 272  (205) —  67 
Noninterest income
 332  150  3  485 
Noninterest expense
 714  246  58  1,018 
Provision (benefit) for income taxes
 13  111  (4) 120 
Income attributable to non-controlling interest —  2  —  2 
Net income attributable to Huntington $ 43  $ 418  $ 78  $ 539 
Six months ended June 30, 2023
Net interest income $ 2,358  $ 1,140  $ (743) $ 2,755 
Provision for credit losses 110  67  —  177 
Noninterest income 646  323  38  1,007 
Noninterest expense 1,519  552  65  2,136 
Provision (benefit) for income taxes 289  177  (188) 278 
Income attributable to non-controlling interest —  10  —  10 
Net income (loss) attributable to Huntington $ 1,086  $ 657  $ (582) $ 1,161 
Six months ended June 30, 2022
Net interest income $ 1,341  $ 837  $ 229  $ 2,407 
Provision (benefit) for credit losses 167  (75) —  92 
Noninterest income 674  290  20  984 
Noninterest expense 1,452  494  125  2,071 
Provision (benefit) for income taxes 83  149  (7) 225 
Income attributable to non-controlling interest —  4  —  4 
Net income attributable to Huntington $ 313  $ 555  $ 131  $ 999 
Assets at Deposits at
(dollar amounts in millions) June 30,
2023		 December 31,
2022		 June 30,
2023		 December 31,
2022
Consumer & Regional Banking $ 71,423  $ 70,268  $ 106,502  $ 105,064 
Commercial Banking 64,505  63,611  36,459  36,807 
Treasury / Other 52,577  49,027  5,067  6,043 
Total
 $ 188,505  $ 182,906  $ 148,028  $ 147,914