NONINTEREST INCOME

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

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 Condensed 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 September 30,				Nine Months Ended September 30,
Noninterest income	2020		2019		2020		2019
Noninterest income from contracts with customers	$	224	$	240	$	652	$	697
Noninterest income within the scope of other GAAP topics	206		149		530		385
Total noninterest income	$	430	$	389	$	1,182	$	1,082

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 September 30, 2020
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	54	$	19	$	2	$	1	$	—	$	76
Card and payment processing income	59		4		—		—		—		63
Trust and investment management services	13		1		—		34		—		48
Insurance income	12		2		—		11		(1)		24
Other noninterest income	6		6		1		3		(3)		13
Net revenue from contracts with customers	$	144	$	32	$	3	$	49	$	(4)	$	224
Noninterest income within the scope of other GAAP topics	130		58		(1)		(2)		21		206
Total noninterest income	$	274	$	90	$	2	$	47	$	17	$	430

	Three Months Ended September 30, 2019
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	79	$	16	$	2	$	1	$	—	$	98
Card and payment processing income	56		4		—		—		—		60
Trust and investment management services	9		1		—		34		—		44
Insurance income	8		2		—		10		—		20
Other noninterest income	8		7		2		1		—		18
Net revenue from contracts with customers	$	160	$	30	$	4	$	46	$	—	$	240
Noninterest income within the scope of other GAAP topics	63		71		—		1		14		149
Total noninterest income	$	223	$	101	$	4	$	47	$	14	$	389


	Nine Months Ended September 30, 2020
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	161	$	54	$	4	$	3	$	—	$	222
Card and payment processing income	163		11		—		—		—		174
Trust and investment management services	33		3		—		104		—		140
Insurance income	32		5		—		34		1		72
Other noninterest income	18		14		2		11		(1)		44
Net revenue from contracts with customers	$	407	$	87	$	6	$	152	$	—	$	652
Noninterest income within the scope of other GAAP topics	297		174		1		(1)		59		530
Total noninterest income	$	704	$	261	$	7	$	151	$	59	$	1,182

	Nine Months Ended September 30, 2019
(dollar amounts in millions)	Consumer & Business Banking		Commercial Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	221	$	48	$	5	$	3	$	—	$	277
Card and payment processing income	162		11		—		—		—		173
Trust and investment management services	25		2		—		103		1		131
Insurance income	25		5		—		33		1		64
Other noninterest income	24		17		4		5		2		52
Net revenue from contracts with customers	$	457	$	83	$	9	$	144	$	4	$	697
Noninterest income within the scope of other GAAP topics	139		183		—		3		60		385
Total noninterest income	$	596	$	266	$	9	$	147	$	64	$	1,082

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 September 30, 2020 is expected to be earned within one year.