XML 26 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income      
Interest and fees on loans $ 998,099 $ 976,990 $ 749,000
Interest and dividends on investment securities      
Taxable 100,304 119,741 96,909
Tax-exempt 57,565 44,782 32,977
Other interest 16,643 12,623 7,719
Total interest income 1,172,610 1,154,137 886,605
Interest expense      
Interest on deposits 237,286 176,118 94,025
Interest on federal funds purchased and securities sold under agreements to repurchase 1,579 2,006 2,527
Interest on other short-term funding 149 186 293
Interest on FHLB advances 69,816 73,668 30,364
Interest on long-term funding 28,106 22,579 18,176
Total interest expense 336,936 274,557 145,385
Net interest income 835,674 879,580 741,220
Provision for credit losses 16,000 0 26,000
Net interest income after provision for credit losses 819,674 879,580 715,220
Noninterest income      
Noninterest Income In Scope of Topic 606 288,247 290,084 262,175
Capital markets, net 19,862 20,120 19,642
Mortgage banking, net 31,878 19,911 19,360
Bank and corporate owned life insurance 14,845 13,951 16,250
Asset gains (losses), net(b) [1] 2,713 (1,103) (1,244)
Investment securities gains (losses), net 5,957 (1,985) 434
Other 11,165 9,051 9,523
Total noninterest income 380,824 355,568 332,680
Noninterest expense      
Personnel 487,063 482,676 428,976
Technology 82,429 72,674 63,004
Occupancy 62,399 59,121 53,842
Business development and advertising 29,600 30,923 28,946
Equipment 23,550 23,243 21,201
Legal and professional 19,901 23,061 22,509
Loan and foreclosure costs 8,861 7,410 7,293
FDIC assessment 16,250 30,000 31,300
Other intangible amortization 9,948 8,159 1,959
Other 46,666 55,530 50,102
Total noninterest expense 793,988 821,799 709,133
Income before income taxes 406,509 413,349 338,767
Income tax expense 79,720 79,786 109,503
Net income 326,790 333,562 229,264
Preferred stock dividends 15,202 10,784 9,347
Net income available to common equity $ 311,587 $ 322,779 $ 219,917
Earnings per common share      
Basic $ 1.93 $ 1.92 $ 1.45
Diluted $ 1.91 $ 1.89 $ 1.42
Average common shares outstanding      
Basic 160,534 167,345 150,877
Diluted 161,932 169,732 153,647
Insurance commissions and fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 $ 89,104 $ 89,511 $ 81,474
Wealth management fees(a)      
Noninterest income      
Noninterest Income In Scope of Topic 606 [2] 83,467 82,562 70,126
Service charges on deposit account fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 63,135 66,075 64,427
Card-based fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 39,912 39,810 34,997
Service charges on deposit account fees 39,755 39,656 34,834
Other fee-based revenue      
Noninterest income      
Noninterest Income In Scope of Topic 606 12,629 12,126 11,151
Service charges on deposit account fees 18,942 17,818 17,854
Operating Segments [Member] | Risk Management and Shared Serivies [Member]      
Noninterest expense      
Acquisition related costs(c) [3] $ 7,320 29,002 $ 0
Huntington National Bank      
Related acquisition asset losses net of asset gains less than $1 million    
Bank Mutual [Member]      
Gain (Loss) on Disposition of Assets for Financial Service Operations   $ 2,000  
[1] (b) The year ended December 31, 2019 includes less than $1 million of Huntington related asset losses; the year ended December 31, 2018 includes approximately $2 million of Bank Mutual acquisition related asset losses net of asset gains.
[2] (a) Includes trust, asset management, brokerage, and annuity fees.
[3] (c) Includes Bank Mutual, Huntington branch, and First Staunton acquisition related costs only.