NONINTEREST INCOME

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

NONINTEREST INCOME

NONINTEREST INCOME

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 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 March 31,
Noninterest income	2023		2022
Noninterest income from contracts with customers	$	377	$	308
Noninterest income within the scope of other GAAP topics	135		191
Total noninterest income	$	512	$	499

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 March 31, 2023
(dollar amounts in millions)	Commercial Banking		Consumer & Business Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	19	$	61	$	2	$	1	$	—	$	83
Card and payment processing income	6		80		—		—		—		86
Trust and investment management services	—		17		—		45		—		62
Insurance income	2		19		—		13		—		34
Capital markets fees	26		2		1		—		—		29
Other noninterest income	20		7		—		56		—		83
Net revenue from contracts with customers	$	73	$	186	$	3	$	115	$	—	$	377
Noninterest income within the scope of other GAAP topics	84		37		—		2		12		135
Total noninterest income	$	157	$	223	$	3	$	117	$	12	$	512
			Three Months Ended March 31, 2022
(dollar amounts in millions)	Commercial Banking		Consumer & Business Banking		Vehicle Finance		RBHPCG		Treasury / Other		Huntington Consolidated
Major Revenue Streams
Service charges on deposit accounts	$	23	$	71	$	2	$	1	$	—	$	97
Card and payment processing income	6		74		—		—		—		80
Trust and investment management services	—		18		—		47		—		65
Insurance income	2		12		—		16		1		31
Capital markets fees	4		2		—		—		—		6
Other noninterest income	21		6		—		1		1		29
Net revenue from contracts with customers	$	56	$	183	$	2	$	65	$	2	$	308
Noninterest income within the scope of other GAAP topics	85		89		1		1		15		191
Total noninterest income	$	141	$	272	$	3	$	66	$	17	$	499

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 March 31, 2023 is expected to be earned within one year. Huntington does not have significant balances of contract assets or contract liabilities and any change in those balances during the reporting period ended March 31, 2023 was determined to be immaterial.