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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Interest and fees on loans $ 182,625 $ 248,579 $ 599,306 $ 768,216
Interest and dividends on investment securities        
Taxable 13,689 23,485 50,064 79,248
Tax-exempt 14,523 14,491 44,021 42,950
Other interest 2,238 4,865 7,774 13,086
Total interest income 213,075 291,420 701,165 903,500
Interest expense        
Interest on deposits 10,033 61,585 59,877 191,408
Interest on federal funds purchased and securities sold under agreements to repurchase 34 145 454 1,058
Interest on other short-term funding 5 30 46 113
Interest on PPPLF funding 899 0 1,574 0
Interest on FHLB advances 14,375 15,896 47,471 53,194
Interest on long-term funding 5,580 7,398 16,780 22,196
Total interest expense 30,925 85,054 126,201 267,969
Net interest income 182,150 206,365 574,964 635,532
Provision for credit losses 43,009 2,000 157,009 16,000
Net interest income after provision for credit losses 139,141 204,365 417,954 619,532
Noninterest income        
Noninterest Income In Scope of Topic 606 49,243 72,414 187,521 217,853
Capital markets, net 7,222 4,300 22,067 12,215
Mortgage banking, net 12,636 10,940 31,043 25,118
Bank and corporate owned life insurance 3,074 4,337 9,793 11,482
Asset gains (losses), net(b) (339) 877 156,945 2,316
Investment securities gains (losses), net 7 3,788 9,222 5,931
Other 2,232 2,537 7,321 8,344
Total noninterest income 75,545 100,850 428,342 287,890
Noninterest expense        
Personnel 108,567 123,170 334,117 366,449
Technology 19,666 20,572 61,639 59,698
Occupancy 17,854 15,164 48,386 45,466
Business development and advertising 3,626 7,991 13,007 21,284
Equipment 5,399 6,335 16,150 17,580
Legal and professional 5,591 5,724 15,809 14,342
Loan and foreclosure costs 2,118 1,638 8,842 5,599
FDIC assessment 3,900 4,000 14,650 12,250
Other intangible amortization 2,253 2,686 7,939 7,237
Loss on prepayments of FHLB advances 44,650 0 44,650 0
Other 13,745 12,021 35,537 34,479
Total noninterest expense 227,587 200,930 603,184 590,380
Income (loss) before income taxes (12,900) 104,286 243,112 317,042
Income tax expense (benefit) (58,114) 20,947 3,342 62,356
Net income 45,214 83,339 239,769 254,686
Preferred stock dividends 5,207 3,801 13,152 11,402
Net income available to common equity $ 40,007 $ 79,539 $ 226,618 $ 243,285
Earnings per common share        
Basic $ 0.26 $ 0.50 $ 1.47 $ 1.49
Diluted $ 0.26 $ 0.49 $ 1.46 $ 1.48
Average common shares outstanding        
Basic 152,440 159,126 153,175 161,727
Diluted 153,194 160,382 153,914 163,061
Series C Preferred Stock        
Average common shares outstanding        
Preferred Stock, Dividends, Per Share, Cash Paid $ 0.3828125 $ 0.3828125    
Series D Preferred Stock        
Average common shares outstanding        
Preferred Stock, Dividends, Per Share, Cash Paid 0.3359375 0.3359375    
Series E Preferred Stock        
Average common shares outstanding        
Preferred Stock, Dividends, Per Share, Cash Paid 0.3671875 $ 0.3671875    
Series F Preferred Stock        
Average common shares outstanding        
Preferred Stock, Dividends, Per Share, Cash Paid $ 0.3515625      
Huntington National Bank        
Noninterest income        
Related acquisition asset losses net of asset gains   less than $1 million   less than $1 million
Wealth management fees(a)        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 21,152 $ 21,015 $ 62,884 $ 61,885
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 14,283 16,561 40,989 47,102
Card-based fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 10,207 10,501 28,735 29,973
Service charges and account fees 10,195 10,456 28,685 29,848
Other fee-based revenue        
Noninterest income        
Noninterest Income In Scope of Topic 606 3,487 3,383 9,763 9,490
Service charges and account fees 4,968 5,085 14,240 14,246
Insurance commissions and fess        
Noninterest income        
Noninterest Income In Scope of Topic 606 114 20,954 45,153 69,403
Risk Management and Shared Services        
Noninterest expense        
Loss on prepayments of FHLB advances     45,000  
Risk Management and Shared Services | ABRC        
Noninterest income        
Asset gains (losses), net(b)     163,000  
Operating Segments | Risk Management and Shared Services        
Interest expense        
Net interest income 16,472 21,528 54,662 65,834
Provision for credit losses 21,679 (14,879) 99,257 (35,359)
Noninterest income        
Total noninterest income 5,182 7,245 176,646 15,472
Noninterest expense        
Acquisition related costs(c) 218 1,629 2,457 5,995
Total noninterest expense 73,343 24,743 108,122 70,198
Income (loss) before income taxes (89,535) 5,512 (21,407) 18,400
Income tax expense (benefit) (72,389) 2,080 (47,135) 3,546
Net income $ (17,146) $ 3,432 $ 25,728 $ 14,854