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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Interest and fees on loans $ 191,895 $ 260,784 $ 416,681 $ 519,637
Interest and dividends on investment securities        
Taxable 16,103 26,710 36,375 55,764
Tax-exempt 14,616 14,643 29,498 28,459
Other interest 2,231 3,995 5,535 8,221
Total interest income 224,845 306,133 488,090 612,081
Interest expense        
Interest on deposits 13,178 67,050 49,844 129,823
Interest on federal funds purchased and securities sold under agreements to repurchase 51 286 420 913
Interest on other short-term funding 683 37 721 88
Interest on FHLB advances 15,470 17,744 33,096 37,298
Interest on long-term funding 5,591 7,396 11,195 14,792
Total interest expense 34,973 92,513 95,276 182,914
Net interest income 189,872 213,619 392,814 429,167
Provision for credit losses 61,000 8,000 114,001 14,000
Net interest income after provision for credit losses 128,872 205,619 278,813 415,167
Noninterest income        
Noninterest Income In Scope of Topic 606 66,933 72,703 138,282 145,441
Capital markets, net 6,910 4,726 14,845 7,916
Mortgage banking, net 12,263 9,466 18,407 14,178
Bank and corporate owned life insurance 3,625 3,352 6,719 7,144
Asset gains (losses), net(b) 157,361 871 157,284 1,438
Investment securities gains (losses), net 3,096 463 9,214 2,143
Other 2,737 2,547 5,090 5,807
Total noninterest income 254,490 95,837 352,796 187,040
Noninterest expense        
Personnel 111,350 123,228 225,551 243,279
Technology 21,174 20,114 41,973 39,126
Occupancy 14,464 13,830 30,532 30,302
Business development and advertising 3,556 6,658 9,382 13,293
Equipment 5,312 5,577 10,751 11,245
Legal and professional 5,058 4,668 10,217 8,619
Loan and foreclosure costs 3,605 1,814 6,725 3,961
FDIC assessment 5,250 4,500 10,750 8,250
Other intangible amortization 2,872 2,324 5,686 4,551
Other 10,249 11,331 21,791 22,459
Total noninterest expense 183,407 197,779 375,598 389,450
Income (loss) before income taxes 199,955 103,678 256,012 212,756
Income tax expense 51,238 19,017 61,457 41,409
Net income 148,718 84,661 194,555 171,347
Preferred stock dividends 4,144 3,801 7,945 7,601
Net income available to common equity $ 144,573 $ 80,860 $ 186,611 $ 163,746
Earnings per common share        
Basic $ 0.94 $ 0.49 $ 1.21 $ 1.00
Diluted $ 0.94 $ 0.49 $ 1.20 $ 0.99
Average common shares outstanding        
Basic 152,393 162,180 153,547 163,049
Diluted 153,150 163,672 154,360 164,518
Huntington National Bank        
Noninterest income        
Related acquisition asset losses net of asset gains   less than $1 million   less than $1 million
Insurance commissions and fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 22,430 $ 22,985 $ 45,038 $ 48,449
Wealth management fees(a)        
Noninterest income        
Noninterest Income In Scope of Topic 606 20,916 20,691 41,732 40,870
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 11,484 15,426 26,706 30,542
Card-based fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 8,922 10,177 18,529 19,472
Service charges and account fees 8,893 10,131 18,490 19,392
Other fee-based revenue        
Noninterest income        
Noninterest Income In Scope of Topic 606 3,181 3,424 6,277 6,108
Service charges and account fees 4,774 5,178 9,272 9,161
Risk Management and Shared Services        
Noninterest income        
Asset gains (losses), net(b) 163,000   163,000  
Operating Segments | Risk Management and Shared Services        
Interest expense        
Net interest income 17,929 22,375 38,190 44,306
Provision for credit losses 41,858 (9,211) 77,579 (20,480)
Noninterest income        
Total noninterest income 165,242 2,447 171,465 8,228
Noninterest expense        
Acquisition related costs(c) 518 3,734 2,238 4,366
Total noninterest expense 10,280 21,634 34,779 45,456
Income (loss) before income taxes 109,802 2,919 68,129 12,887
Income tax expense 33,950 (1,127) 25,255 1,466
Net income $ 75,853 $ 4,047 $ 42,874 $ 11,422