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SEGMENT REPORTING
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
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 on two 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 BankingCommercial BankingTreasury / OtherHuntington Consolidated
(dollar amounts in millions)
Three months ended September 30, 2024
Net interest income (loss)
$1,050 $529 $(228)$1,351 
Provision for credit losses105 — 106 
Noninterest income
338 181 523 
Noninterest expense
799 289 42 1,130 
Provision (benefit) for income taxes
102 88 (74)116 
Income attributable to non-controlling interest— — 
Net income (loss) attributable to Huntington$382 $327 $(192)$517 
Three months ended September 30, 2023
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— — 
Net income (loss) attributable to Huntington
$318 $319 $(90)$547 
Nine months ended September 30, 2024
Net interest income (loss)
$3,013 $1,579 $(642)$3,950 
Provision for credit losses227 86 — 313 
Noninterest income968 490 23 1,481 
Noninterest expense2,364 883 137 3,384 
Provision (benefit) for income taxes292 231 (215)308 
Income attributable to non-controlling interest— 16 — 16 
Net income (loss) attributable to Huntington$1,098 $853 $(541)$1,410 
Nine months ended September 30, 2023
Net interest income (loss)
$2,745 $1,637 $(259)$4,123 
Provision for credit losses
192 84 — 276 
Noninterest income953 479 84 1,516 
Noninterest expense2,283 830 113 3,226 
Provision (benefit) for income taxes257 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, 2024At December 31, 2023At September 30, 2024At December 31, 2023
Consumer & Regional Banking$76,804 $73,082 $110,107 $110,157 
Commercial Banking64,583 63,377 42,064 35,466 
Treasury / Other59,148 52,909 6,180 5,607 
Total
$200,535 $189,368 $158,351 $151,230