Company: HBAN
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001193125-25-200581
Chunk: 9

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-09-11
Form: 424B2
Chunk 9
---
 liquidation and other rights).                                                                                                                                                                                                                         |

| We may, from time to time, elect to issue additional depositary shares representing shares of the Preferred Stock and all such additional shares of Preferred Stock would be deemed to form a single series with the 
 Preferred Stock offered hereby.                                                                                                                                                                                      |

| Dividends | Dividends on the Preferred Stock will be payable when, as and if authorized by our board of directors or a duly authorized committee of our board of directors and declared by us out of legally available funds. Dividends will accrue from the 
 issue date to, but excluding, October 15, 2030 (the “First Reset Date”) at a rate of 6.250% per annum on the liquidation preference of $100,000 per share, payable quarterly, in arrears, commencing on January 15, 2026 and ending              
 on October 15, 2030. Dividends will accrue from and including the First Reset Date at the five-year treasury rate as of the most recent reset dividend determination date (as defined under “Description of the Preferred                        
 Stock—Dividends”) plus 2.653% per annum on the liquidation preference of $100,000 per share, payable quarterly, in arrears, commencing on January 15, 2031.                                                                                      |

| Dividends on the Preferred Stock will be non-cumulative. If for any reason our board of directors or a duly authorized committee of our board of directors does not authorize and                                                                 
 we do not declare full cash dividends on the Preferred Stock for a dividend period, holders of the Preferred Stock will have no right to receive any dividend or a full dividend for that period, whether or not our board of directors or a duly 
 authorized committee of our board of directors authorizes and we declare dividends on the Preferred Stock, the common stock or any other class or series of our serial preferred stock for any subsequent dividend period.                        |

S-2

| Any dividends paid will be distributed to holders of depositary shares in the manner described under “Description of the Depositary Shares—Dividends and Other Distributions” below. |

| Dividend Stopper | With certain limited exceptions, if we have not authorized, declared and paid or set aside for payment full dividends on the Preferred Stock for any dividend period, we may not declare or pay dividends on, or redeem, purchase or acquire, our 
 common stock or other junior securities during the next succeeding dividend period.