Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.23.3
SEGMENT REPORTING
 9 Months Ended
Sep. 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 September 30, 2023, December 31, 2022, and September 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 September 30, 2023
Net interest income (loss)
 $ 1,211  $ 582  $ (425) $ 1,368 
Provision for credit losses 82  17  —  99 
Noninterest income
 307  156  46  509 
Noninterest expense
 764  278  48  1,090 
Provision (benefit) for income taxes
 141  93  (98) 136 
Income attributable to non-controlling interest —  5  —  5 
Net income (loss) attributable to Huntington $ 531  $ 345  $ (329) $ 547 
Three months ended September 30, 2022
Net interest income
 $ 896  $ 490  $ 18  $ 1,404 
Provision for credit losses
 22  84  —  106 
Noninterest income
 305  180  13  498 
Noninterest expense
 726  270  57  1,053 
Provision (benefit) for income taxes
 94  67  (15) 146 
Income attributable to non-controlling interest —  3  —  3 
Net income (loss) attributable to Huntington
$ 359  $ 246  $ (11) $ 594 
Nine months ended September 30, 2023
Net interest income (loss)
 $ 3,569  $ 1,722  $ (1,168) $ 4,123 
Provision for credit losses 192  84  —  276 
Noninterest income 953  479  84  1,516 
Noninterest expense 2,283  830  113  3,226 
Provision (benefit) for income taxes 430  270  (286) 414 
Income attributable to non-controlling interest —  15  —  15 
Net income (loss) attributable to Huntington $ 1,617  $ 1,002  $ (911) $ 1,708 
Nine months ended September 30, 2022
Net interest income $ 2,237  $ 1,327  $ 247  $ 3,811 
Provision for credit losses
 189  9  —  198 
Noninterest income 979  470  33  1,482 
Noninterest expense 2,179  763  182  3,124 
Provision (benefit) for income taxes 178  215  (22) 371 
Income attributable to non-controlling interest —  7  —  7 
Net income attributable to Huntington $ 670  $ 803  $ 120  $ 1,593 
Assets at Deposits at
(dollar amounts in millions) September 30,
2023		 December 31,
2022		 September 30,
2023		 December 31,
2022
Consumer & Regional Banking $ 72,192  $ 70,268  $ 108,182  $ 105,064 
Commercial Banking 63,473  63,611  36,023  36,807 
Treasury / Other 50,985  49,027  4,662  6,043 
Total
 $ 186,650  $ 182,906  $ 148,867  $ 147,914