Company: HBAN
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001193125-25-200581
Chunk: 23

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-09-11
Form: 424B2
Chunk 23
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 be entitled to authorize, classify or issue any class or series of our capital stock, the terms of which provide that such class
or series will rank senior to the Preferred Stock as to payment of dividends or distribution of assets upon our liquidation, dissolution or winding-up, without the approval of the holders of at least two-thirds of the shares of our Preferred Stock then outstanding and any class or series of parity securities upon which like voting rights have been conferred and are exercisable and are then outstanding, voting
together as a single class, with each series or class having a number of votes proportionate to the aggregate liquidation preference of the outstanding shares of such class or series. See “—Voting Rights.”

We may re-open this series and issue additional shares of Preferred Stock and related depositary
shares either through public or private sales at any time and from time to time. The additional shares of Preferred Stock and related depositary shares would be deemed to form a single series with the Preferred Stock and the depositary shares,
respectively, offered by this prospectus supplement. In the event that we issue additional shares of the Preferred Stock and the related depositary shares after the original issue date, any dividends on such additional shares will accrue from the
first date of the dividend period in which the additional shares are issued.

Dividends

Under Maryland law, subject to limited exceptions relating to our net earnings in specified periods, we may declare or pay dividends on the
Preferred Stock only if, after payment of such dividends, we would be able to pay

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our indebtedness as it becomes due in the usual course of business and only to the extent by which our total assets after payment of such dividends exceed the sum of our total liabilities. When the need to make these determinations arises, our board of directors will determine the amount of our total assets, total liabilities and liquidation preference amount with regard to outstanding shares of Preferred Stock in accordance with Maryland law. Dividends on the Preferred Stock will accrue and 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, on a non-cumulativebasis on the $100,000 per share liquidation preference, at a rate equal to:

| (i) | 6.250% per annum for each quarterly dividend period from the issue date to, but excluding, the First Reset 
 Date; and                                                                                                  |

| (ii) | the five-year treasury