Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 226

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 226
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 6.875 4/15/2028317 317 Total877,500 $1,989 $1,989 (1)     Liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.(2)    Dividend rate converted to 3-month CME Term SOFR + 26 bps spread adjustment + 270 bps. (3)     Liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends.(4)    Dividend rate converted to 3-month CME Term SOFR + 26 bps spread adjustment + 288 bps. (5)     Liquidation value and redemption price per share of $25,000, plus any declared and unpaid dividends. The following table presents the dividends declared for each series of preferred shares.Three Months EndedThree Months Ended(amounts in millions, except per share data)March 31, 2025March 31, 2024Cash Dividend Declared Per ShareCash Dividend Declared Per SharePreferred SeriesAmountAmountSeries B$18.16 $1 $20.69 $1 Series E (1)— — 2,113.90 8 Series F1,406.25 6 1,406.25 7 Series G1,112.50 6 1,112.50 6 Series H11.25 6 11.25 6 Series I356.25 2 356.25 2 Series J 17.19 6 17.19 6 Total$27 $36 (1)     During the fourth quarter of 2024, all remaining $405 million of outstanding Series E Preferred Stock, par value of $0.01 per share, was redeemed.

60     Huntington Bancshares Incorporated

10. EARNINGS PER SHARE

Basic earnings per share is the amount of earnings (adjusted for preferred stock dividends and the impact of preferred stock repurchases and redemptions) available to each share of common stock outstanding during the reporting period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options, restricted stock units, performance share units, and shares held in deferred compensation