Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 53

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 53
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,261)(695)(5)— (2,961)Amounts reclassified from accumulated OCI to earnings77 — — 15 92 Period change(2,184)(695)(5)15 (2,869)December 31, 2022(2,248)(632)(8)(210)(3,098)Other comprehensive income before reclassifications118 125 2 — 245 Amounts reclassified from accumulated OCI to earnings36 144 — (3)177 Period change154 269 2 (3)422 December 31, 2023(2,094)(363)(6)(213)(2,676)Other comprehensive loss before reclassifications(347)(85)(6)— (438)Amounts reclassified from accumulated OCI to earnings76 181 — (9)248 Period change(271)96 (6)(9)(190)December 31, 2024$(2,365)$(267)$(12)$(222)$(2,866)(1)AOCI amounts at December 31, 2024, 2023, and 2022 include $50 million, $58 million, and $66 million, respectively, of net unrealized losses (after-tax) on securities transferred from the available-for-sale securities portfolio to the held-to-maturity securities portfolio. The net unrealized losses will be recognized in earnings over the remaining life of the security using the effective interest method.

12. SHAREHOLDERS’ EQUITY

Preferred StockThe following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding. (dollar amounts in millions)Carrying AmountSeriesIssuance DateShares OutstandingDividend RateEarliest Optional Redemption Date (1)December 31, 2024December 31, 2023Series B (2)12/28/201135,500 Variable (3)1/15/2017$23 $23 Series E (4)2/27/2018— Variable (5)4/15/2023— 405 Series F (4)5/27/20205,000 5.625 %7/15/2030494 494 Series G (4)8/3/20205,000 4.45 10/15/2027494 494 Series H (2)2/2/202