Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.24.1.u1
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2024
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. During the second quarter of 2023, we completed an organizational realignment and now report on two business segments: Consumer & Regional Banking and Commercial Banking. 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 2023 Annual Report on Form 10-K. Prior period results have been adjusted to conform to the current presentation.
Listed in the following tables is certain operating basis financial information reconciled to Huntington’s, reported results by business segment.
Income Statements
 Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated
(dollar amounts in millions)
Three months ended March 31, 2024
Net interest income (loss)
 $ 956  $ 523  $ (192) $ 1,287 
Provision for credit losses 46  61  —  107 
Noninterest income
 308  145  14  467 
Noninterest expense
 777  294  66  1,137 
Provision (benefit) for income taxes
 93  66  (73) 86 
Income attributable to non-controlling interest —  5  —  5 
Net income (loss) attributable to Huntington $ 348  $ 242  $ (171) $ 419 
Three months ended March 31, 2023
Net interest income
 $ 871  $ 541  $ (3) $ 1,409 
Provision for credit losses
 46  39  —  85 
Noninterest income
 344  156  12  512 
Noninterest expense
 754  278  54  1,086 
Provision (benefit) for income taxes
 87  80  (23) 144 
Income attributable to non-controlling interest —  4  —  4 
Net income (loss) attributable to Huntington
$ 328  $ 296  $ (22) $ 602 
Assets
Deposits
(dollar amounts in millions) At March 31, 2024 At December 31, 2023 At March 31, 2024 At December 31, 2023
Consumer & Regional Banking $ 73,340  $ 73,082  $ 112,032  $ 110,157 
Commercial Banking 63,365  63,377  35,619  35,466 
Treasury / Other 56,814  52,909  5,574  5,607 
Total
 $ 193,519  $ 189,368  $ 153,225  $ 151,230