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ACQUISITION OF TCF FINANCIAL CORPORATION (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table provides the allocation of consideration paid for the fair value of assets acquired and liabilities and equity assumed from TCF as of June 9, 2021.
TCF
(dollar amounts in millions)UPBFair Value
Assets acquired:
Cash and due from banks$466 
Interest-bearing deposits at Federal Reserve Bank719 
Interest-bearing deposits in banks312 
Available-for-sale securities8,900 
Other securities358 
Loans held for sale363 
Loans and leases:
Commercial:
Commercial and industrial$12,726 12,441 
Commercial real estate8,125 7,869 
Lease financing2,929 2,912 
Total commercial23,780 23,222 
Consumer:
Residential mortgage6,267 6,273 
Automobile322 317 
Home equity2,644 2,607 
RV and marine581 570 
Other consumer179 167 
Total consumer9,993 9,934 
Total loans and leases$33,773 33,156 
Bank owned life insurance181 
Premises and equipment360 
Core deposit intangible92 
Other intangible assets6 
Servicing rights59 
Servicing rights and other intangible assets157 
Other assets1,441 
Total assets acquired46,413 
Liabilities and equity assumed:
Deposits38,663 
Short-term borrowings1,306 
Long-term debt1,516 
Other liabilities (1)1,082 
Total liabilities42,567 
Non-controlling interest22 
Net assets acquired$3,824 
Consideration:
Fair value of common stock issued$6,998 
Fair value of preferred stock exchange185 
Total consideration$7,183 
Goodwill (1)$3,359 
(1)Includes a measurement period adjustment for final tax positions related to the TCF acquisition which increased other liabilities and goodwill by $33 million.
Schedule Of Financing Receivables Purchased With Credit Deterioration The following table provides a summary of loans and leases purchased as part of the TCF acquisition with credit deterioration at acquisition:
(dollar amounts in millions)CommercialConsumerTotal
Par value (UPB)$7,931 $1,333 $9,264 
ALLL at acquisition(374)(58)(432)
Non-credit (discount)(219)(68)(287)
Fair value$7,338 $1,207 $8,545 
Business Acquisition, Pro Forma Information
Unaudited Pro Forma for
Year Ended December 31,
(dollar amounts in millions)20212020
Net interest income$4,713 $4,774 
Noninterest income2,112 2,127 
Net income attributable to Huntington Bancshares Inc1,624 834