HUNTINGTON BANCSHARES INC /MD/HBAN
HUNTINGTON BANCSHARES INC /MD/ Revenue Disclosure
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 the 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. Revenue from contracts with customers within the scope of ASC 606 is broadly segregated within the following noninterest income categories:
•Payments and cash management revenue primarily includes interchange fees earned on debit cards and credit cards and fees earned from providing cash management services to corporate deposit customers. Within the scope of ASC 606, Huntington recognizes debit and credit card interchange fees for services performed related to authorization and settlement of a cardholder’s transaction with a merchant. Revenue is recognized when a cardholder’s transaction is approved and settled. Certain volume or transaction based interchange expenses (net of rebates) paid to the payment network reduce the interchange revenue and are presented net on the income statement. Similarly, rewards payable under a reward program to cardholders are recognized as a reduction of the transaction price and are presented net against the interchange revenue. Revenue from providing cash management services to corporate deposit customers is recognized over the period of time services are rendered.
•Wealth and asset management revenue primarily includes fee income generated from providing wealth and asset management services to personal, corporate, and institutional customers, including, but not limited to, fees and commissions earned from trust and investment management services, sales of annuity products, and tax reporting services. Within the scope of ASC 606, Huntington recognizes revenue from wealth and asset management services that are rendered over a period of time. Huntington may also recognize revenue from referring a customer to outside third parties to purchase annuities and mutual funds which is recognized in the period earned.
•Customer deposit and loan fees primarily includes fees and other charges Huntington receives related to service charges on deposit accounts, loan commitments and standby letters of credits, and other deposit and lending activity. Within the scope of ASC 606, Huntington recognizes fees and other charges for providing various services, including, but not limited to, maintaining accounts, providing overdraft services, transferring funds, and accepting and executing stop-payment orders for customers. Revenue includes both fixed fees (e.g., account maintenance fee), recognized over a period of time, and transaction fees (e.g., wire-transfer fee), recognized when a specific service is performed. Huntington may, from time to time, waive certain fees for customers but generally does not reduce the transaction price to reflect variability for future reversals due to the insignificance of the amounts. Waiver of fees reduces the revenue in the period the waiver is granted to the customer.
•Capital markets and advisory fees primarily includes advisory fees for merger, acquisition and capital markets activity, interest rate derivative fees, underwriting fees, foreign exchange fees, loan syndication fees, and fees earned from customer-related sales activity. Within the scope of ASC 606, Huntington recognizes revenue associated with capital markets and advisory fees when the related transaction closes.
•Leasing revenue primarily includes income from operating lease payments and termination of leases. Within the scope of ASC 606, Huntington recognizes leasing revenue when, or as, the performance obligation is satisfied. Inherent variability in the transaction price is not recognized until the uncertainty affecting the variability is resolved.
•Insurance income primarily includes agency commissions from the sale of insurance premiums to customers. All insurance income is recognized within the scope of ASC 606. Huntington receives commissions from the sales of insurance policies to customers. The initial commission is recognized when the insurance policy is sold to a customer. Huntington is also entitled to renewal commissions and, in some cases, profit sharing which are recognized in subsequent periods.
•Other - Within the scope of ASC 606, Huntington recognizes a variety of other miscellaneous revenue streams which are recognized when, or as, the performance obligation is satisfied.
Revenue is recorded in the business segment responsible for the related product or service. Fee sharing arrangements exist to allocate portions of such revenue to other business segments involved in selling to, or providing service to, customers. Business segment results are determined based upon management’s reporting system, which assigns balance sheet and income statement items to each of the business segments. The process is designed around Huntington’s organizational and management structure and, accordingly, the results derived are not necessarily comparable with similar information published by other financial institutions.
The following table presents total noninterest income disaggregated by operating segment and segregated between revenue from contracts with customers within the scope of ASC 606 and revenue within the scope of other GAAP topics.
| (dollar amounts in millions) | Consumer & Regional Banking | Commercial Banking | Treasury / Other | Huntington Consolidated | |||||||||||||||||||
| Major Revenue Streams | |||||||||||||||||||||||
| Year Ended December 31, 2025 | |||||||||||||||||||||||
| Payments and cash management revenue | $ | 465 | $ | 148 | $ | — | $ | 613 | |||||||||||||||
| Wealth and asset management revenue | 385 | 23 | — | 408 | |||||||||||||||||||
| Customer deposit and loan fees | 233 | 17 | — | 250 | |||||||||||||||||||
| Capital markets and advisory fees | 22 | 146 | — | 168 | |||||||||||||||||||
| Leasing revenue | 3 | 9 | — | 12 | |||||||||||||||||||
| Insurance income | 72 | 10 | (1) | 81 | |||||||||||||||||||
| Other noninterest income | 28 | 4 | (2) | 30 | |||||||||||||||||||
| Net revenue from contracts with customers | $ | 1,208 | $ | 357 | $ | (3) | $ | 1,562 | |||||||||||||||
| Noninterest income within the scope of other GAAP topics | 216 | 404 | (7) | 613 | |||||||||||||||||||
| Total noninterest income | $ | 1,424 | $ | 761 | $ | (10) | $ | 2,175 | |||||||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||||||||
| Payments and cash management revenue | $ | 452 | $ | 115 | $ | — | $ | 567 | |||||||||||||||
| Wealth and asset management revenue | 352 | 12 | — | 364 | |||||||||||||||||||
| Customer deposit and loan fees | 217 | 10 | — | 227 | |||||||||||||||||||
| Capital markets and advisory fees | 21 | 172 | — | 193 | |||||||||||||||||||
| Leasing revenue | 2 | 28 | — | 30 | |||||||||||||||||||
| Insurance income | 67 | 11 | (1) | 77 | |||||||||||||||||||
| Other noninterest income | 9 | 5 | (4) | 10 | |||||||||||||||||||
| Net revenue from contracts with customers | $ | 1,120 | $ | 353 | $ | (5) | $ | 1,468 | |||||||||||||||
| Noninterest income within the scope of other GAAP topics | 181 | 363 | 28 | 572 | |||||||||||||||||||
| Total noninterest income | $ | 1,301 | $ | 716 | $ | 23 | $ | 2,040 | |||||||||||||||
| Year Ended December 31, 2023 | |||||||||||||||||||||||
| Payments and cash management revenue | $ | 433 | $ | 103 | $ | — | $ | 536 | |||||||||||||||
| Wealth and asset management revenue | 313 | 15 | — | 328 | |||||||||||||||||||
| Customer deposit and loan fees | 203 | 8 | — | 211 | |||||||||||||||||||
| Capital markets and advisory fees | 16 | 118 | (2) | 132 | |||||||||||||||||||
| Leasing revenue | 2 | 49 | — | 51 | |||||||||||||||||||
| Insurance income | 64 | 11 | (1) | 74 | |||||||||||||||||||
| Other noninterest income | 67 | 3 | (2) | 68 | |||||||||||||||||||
| Net revenue from contracts with customers | $ | 1,098 | $ | 307 | $ | (5) | $ | 1,400 | |||||||||||||||
| Noninterest income within the scope of other GAAP topics | 159 | 339 | 23 | 521 | |||||||||||||||||||
| Total noninterest income | $ | 1,257 | $ | 646 | $ | 18 | $ | 1,921 | |||||||||||||||
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 December 31, 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 December 31, 2025 was determined to be immaterial.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 15, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.