HUNTINGTON BANCSHARES INC MD
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
Contents
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 ontwo 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.
| Consumer & Regional Banking | Commercial Banking | Treasury / Other | Huntington Consolidated | |
|---|---|---|---|---|
| (dollar amounts in millions) | ||||
| Net interest income (loss) | $1,050 | $529 | $(228) | $1,351 |
| Provision for credit losses | 105 | 1 | — | 106 |
| Noninterest income | 338 | 181 | 4 | 523 |
| Noninterest expense | 799 | 289 | 42 | 1,130 |
| Provision (benefit) for income taxes | 102 | 88 | (74) | 116 |
| Income attributable to non-controlling interest | — | 5 | — | 5 |
| Net income (loss) attributable to Huntington | $382 | $327 | $(192) | $517 |
| Net interest income (loss) | $941 | $549 | $(122) | $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 | 84 | 86 | (34) | 136 |
| Income attributable to non-controlling interest | — | 5 | — | 5 |
| Net income (loss) attributable to Huntington | $318 | $319 | $(90) | $547 |
| Net interest income (loss) | $3,013 | $1,579 | $(642) | $3,950 |
| Provision for credit losses | 227 | 86 | — | 313 |
| Noninterest income | 968 | 490 | 23 | 1,481 |
| Noninterest expense | 2,364 | 883 | 137 | 3,384 |
| Provision (benefit) for income taxes | 292 | 231 | (215) | 308 |
| Income attributable to non-controlling interest | — | 16 | — | 16 |
| Net income (loss) attributable to Huntington | $1,098 | $853 | $(541) | $1,410 |
| Net interest income (loss) | $2,745 | $1,637 | $(259) | $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 | 257 | 252 | (95) | 414 |
| Income attributable to non-controlling interest | — | 15 | — | 15 |
| Net income (loss) attributable to Huntington | $966 | $935 | $(193) | $1,708 |
| Assets | Deposits | |||
|---|---|---|---|---|
| (dollar amounts in millions) | At September 30, 2024 | At December 31, 2023 | At September 30, 2024 | At December 31, 2023 |
| Consumer & Regional Banking | $76,804 | $73,082 | $110,107 | $110,157 |
| Commercial Banking | 64,583 | 63,377 | 42,064 | 35,466 |
| Treasury / Other | 59,148 | 52,909 | 6,180 | 5,607 |
| Total | $200,535 | $189,368 | $158,351 | $151,230 |
82 Huntington Bancshares Incorporated
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.