Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 128

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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 the computation of diluted earnings per share because the impact would have been anti-dilutive.

2025 1Q Form 10-Q     61

11. REVENUE FROM CONTRACTS WITH CUSTOMERS 

Revenue is segregated based on the nature of product and services offered as part of contractual arrangements. Certain sources of revenue are recognized within interest or fee income and are outside of the scope of ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). Other sources of revenue fall within the scope of ASC 606 and are generally recognized within noninterest income. The following table presents total noninterest income disaggregated by operating segment and segregated between revenue with contracts with customers within the scope of ASC 606 and revenue within the scope of other GAAP topics.(dollar amounts in millions)Consumer & Regional BankingCommercial BankingTreasury / OtherHuntington ConsolidatedMajor Revenue StreamsThree months ended March 31, 2025Payments and cash management revenue$108 $32 $— $140 Wealth and asset management revenue95 6 — 101 Customer deposit and loan fees52 2 — 54 Capital markets and advisory fees4 26 — 30 Leasing revenue1 3 — 4 Insurance income17 3 — 20 Other noninterest income1 1 — 2 Net revenue from contracts with customers278 73 — 351 Noninterest income within the scope of other GAAP topics49 89 5 143 Total noninterest income$327 $162 $5 $494 Three months ended March 31, 2024Payments and cash management revenue$107 $27 $— $134 Wealth and asset management revenue85 3 — 88 Customer deposit and loan fees50 4 — 54 Capital markets and advisory fees4 25 — 29 Leasing revenue1 9 — 10 Insurance income16 3 — 19 Other noninterest income2 — — 2 Net revenue from contracts with customers265 71 — 336 Noninterest income within the scope of other GAAP topics43 74 14 131 Total noninterest income$308 $145 $14 $467 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.