Huntington National Bank 2015 Annual Report Download - page 51
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43
• $17 million increase in securities gains as we adjusted the mix of our securities portfolio to prepare for the LCR
requirements.
• $13 million, or 14%, increase in cards and payment processing income due to higher card related income and
underlying customer growth.
Noninterest Expense
(This section should be read in conjunction with Significant Items 1, 2, 3, and 4.)
The following table reflects noninterest expense for the past three years:
Table 7 - Noninterest Expense
(dollar amounts in thousands)
Year Ended December 31,
Change from 2014 Change from 2013
2015 Amount Percent 2014 Amount Percent 2013
Personnel costs $ 1,122,182 $ 73,407 7% $ 1,048,775 $ 47,138 5 % $ 1,001,637
Outside data processing and other services 231,353 18,767 9 212,586 13,039 7 199,547
Equipment 124,957 5,294 4 119,663 12,870 12 106,793
Net occupancy 121,881 (6,195) (5) 128,076 2,732 2 125,344
Marketing 52,213 1,653 3 50,560 (625) (1) 51,185
Professional services 50,291 (9,264) (16) 59,555 18,968 47 40,587
Deposit and other insurance expense 44,609 (4,435) (9) 49,044 (1,117) (2) 50,161
Amortization of intangibles 27,867 (11,410) (29) 39,277 (2,087) (5) 41,364
Other expense 200,555 25,745 15 174,810 33,425 24 141,385
Total noninterest expense $ 1,975,908 $ 93,562 5% $ 1,882,346 $ 124,343 7 % $ 1,758,003
Number of employees (average full-time
equivalent) 12,243 370 3% 11,873 (91) (1)% 11,964
Impacts of Significant Items:
Year Ended December 31,
(dollar amounts in thousands) 2015 2014 2013
Personnel costs $ 5,457 $ 19,850 $ (27,249)
Outside data processing and other services 4,365 5,507 1,350
Equipment 110 2,248 2,364
Net occupancy 4,587 11,153 12,117
Marketing 28 1,357 —
Professional services 5,087 2,228 —
Other expense 38,733 23,140 953
Total noninterest expense adjustments $ 58,367 $ 65,483 $ (10,465)