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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Interest and fees on loans $ 260,784 $ 246,646 $ 519,637 $ 466,680
Interest and dividends on investment securities        
Taxable 26,710 30,623 55,764 60,727
Tax-exempt 14,643 10,783 28,459 20,000
Other interest 3,995 3,153 8,221 5,330
Total interest income 306,133 291,205 612,081 552,737
Interest expense        
Interest on deposits 67,050 38,431 129,823 71,843
Interest on federal funds purchased and securities sold under agreements to repurchase 286 538 913 1,060
Interest on other short-term funding 37 51 88 111
Interest on FHLB advances 17,744 21,279 37,298 34,402
Interest on long-term funding 7,396 4,544 14,792 9,088
Total interest expense 92,513 64,843 182,914 116,504
Net interest income 213,619 226,362 429,167 436,233
Provision for credit losses 8,000 4,000 14,000 4,000
Net interest income after provision for credit losses 205,619 222,362 415,167 432,233
Noninterest income        
Noninterest Income In Scope of Topic 606 71,122 72,825 143,660 145,553
Capital markets, net 4,726 4,783 7,916 10,089
Mortgage banking, net 9,466 6,258 14,178 12,628
Bank and corporate owned life insurance 3,352 3,978 7,144 7,165
Asset gains (losses), net(b) [1] 871 2,497 1,438 2,390
Investment securities gains (losses), net 463 (2,015) 2,143 (2,015)
Other 2,547 2,235 5,807 4,727
Total noninterest income 95,837 92,842 187,040 183,222
Noninterest expense        
Personnel 123,228 123,980 243,279 241,665
Technology 20,114 19,452 39,126 37,167
Occupancy 13,830 15,071 30,302 30,428
Business development and advertising 6,658 7,067 13,293 13,760
Equipment 5,577 5,953 11,245 11,509
Legal and professional 4,668 6,284 8,619 11,697
Card issuance costs 1,290 2,412 2,266 4,744
Loan costs 952 761 2,316 1,733
Foreclosure / OREO expense, net 924 1,021 1,491 1,744
FDIC assessment 4,500 8,250 8,250 16,500
Other intangible amortization 2,324 2,168 4,551 3,693
Other 9,979 11,732 20,346 21,873
Total noninterest expense 197,779 211,258 389,450 424,223
Income before income taxes 103,678 103,947 212,756 191,232
Income tax expense 19,017 14,754 41,409 32,583
Net income 84,661 89,192 171,347 158,648
Preferred stock dividends 3,801 2,329 7,601 4,668
Net income available to common equity $ 80,860 $ 86,863 $ 163,746 $ 153,980
Earnings per common share        
Basic $ 0.49 $ 0.51 $ 1.00 $ 0.92
Diluted $ 0.49 $ 0.50 $ 0.99 $ 0.90
Average common shares outstanding        
Basic 162,180 170,633 163,049 167,096
Diluted 163,672 173,409 164,518 169,920
Insurance commissions and fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 22,985 $ 23,996 $ 48,449 $ 46,644
Wealth management fees(a)        
Noninterest income        
Noninterest Income In Scope of Topic 606 [2] 20,691 20,333 40,870 40,975
Service charges on deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 15,426 16,390 30,542 32,810
Card-based fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 [3] 10,177 10,155 19,472 19,628
Service charges and account fees 10,131 10,115 19,392 19,557
Other fee-based revenue        
Noninterest income        
Noninterest Income In Scope of Topic 606 1,843 1,952 4,327 5,496
Service charges and account fees 5,178 4,272 9,161 8,252
Operating Segments [Member] | Risk Management and Shared Serivies [Member]        
Interest expense        
Net interest income 13,097 13,959 24,664 33,000
Provision for credit losses (10,283) (12,006) (22,801) (27,569)
Noninterest income        
Total noninterest income 3,185 2,399 8,718 6,059
Noninterest expense        
Acquisition related costs(c) [4] 3,734 7,107 4,366 27,712
Total noninterest expense [5] 19,343 30,929 41,236 77,498
Income before income taxes 1,697 (12,111) 8,602 (29,087)
Income tax expense (1,387) (8,661) 560 (11,806)
Net income $ 3,084 $ (3,450) $ 8,042 $ (17,280)
Huntington National Bank        
Average common shares outstanding        
Related acquisition asset losses net of asset gains less than $1 million   less than $1 million  
Bank Mutual        
Average common shares outstanding        
Related acquisition asset losses net of asset gains   approximately $1 million   approximately $1 million
[1] Both the three and six months ended June 30, 2019 include less than $1 million of Huntington related asset losses; Both the three and six months ended June 30, 2018 include approximately $1 million of Bank Mutual acquisition related asset losses net of asset gains.
[2] Includes trust, asset management, brokerage, and annuity fees.
[3] (a) Certain card-based fees are out-of-scope of Topic 606.
[4] Includes Bank Mutual and Huntington branch acquisition related costs only.
[5] (a) For the three months ended June 30, 2019 and 2018, the Risk Management and Shared Services segment includes approximately $4 million and $7 million, respectively, of acquisition related noninterest expense. For the six months ended June 30, 2019 and 2018, the Risk Management and Shared Services segment includes approximately $4 million and $28 million, respectively, of acquisition related noninterest expense.