Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 37

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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Total noninterest income$322 $164 $5 $491 

68     Huntington Bancshares Incorporated

Table of Contents

(dollar amounts in millions)Consumer & Regional BankingCommercial BankingTreasury / OtherHuntington ConsolidatedMajor Revenue StreamsSix Months Ended June 30, 2025Payments and cash management revenue$225 $65 $— $290 Wealth and asset management revenue193 10 — 203 Customer deposit and loan fees110 6 — 116 Capital markets and advisory fees6 65 — 71 Leasing revenue1 6 — 7 Insurance income36 3 — 39 Other noninterest income2 2 (2)2 Net revenue from contracts with customers573 157 (2)728 Noninterest income within the scope of other GAAP topics93 182 (38)237 Total noninterest income$666 $339 $(40)$965 Six Months Ended June 30, 2024Payments and cash management revenue$221 $55 $— $276 Wealth and asset management revenue173 5 — 178 Customer deposit and loan fees103 7 — 110 Capital markets and advisory fees11 61 — 72 Leasing revenue1 19 — 20 Insurance income32 5 — 37 Other noninterest income4 — (1)3 Net revenue from contracts with customers545 152 (1)696 Noninterest income within the scope of other GAAP topics85 157 20 262 Total noninterest income$630 $309 $19 $958 

Huntington generally provides services for customers in which it acts as principal. Payment terms and conditions vary amongst services and customers, and thus impact the timing and amount of revenue recognition. Some fees may be paid before any service is rendered and accordingly, such fees are deferred until the obligations pertaining to those fees are satisfied. Most Huntington contracts with customers are cancelable by either party without penalty or they are short-term in nature, with a contract duration of less than one year. Accordingly, most revenue deferred for the reporting period ended June 30, 2025 is expected to be earned within one year. Huntington does not have significant balances of contract assets or contract liabilities and any change in those balances during the reporting period ended June 30, 2025 was determined to be immaterial.