Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 54

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 54
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1500,000 4.50 4/15/2026486 486 Series I (6)6/9/20217,000 5.70 12/01/2022175 175 Series J (2)3/6/2023325,000 6.875 4/15/2028317 317 Total877,500 $1,989 $2,394 (1)Redeemable at Huntington’s option on the date stated or on a quarterly basis thereafter. (2)Liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends. (3)Dividend rate converted to 3-month CME Term SOFR + 26 bps LIBOR spread adjustment + 270 bps effective July 15, 2023. Prior to July 15, 2023, the dividend rate was 3-month LIBOR + 270 bps. (4)Liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends. (5)Dividend rate converted to 3-month CME Term SOFR + 26 bps LIBOR spread adjustment + 288 bps effective July 15, 2023. Prior to July 15, 2023, the dividend rate was 3-month LIBOR + 288 bps. (6)Liquidation value and redemption price per share of $25,000, plus any declared and unpaid dividends. 

2024 Form 10-K     129

Table of Contents

The following table presents the dividends declared for each series of Preferred shares.Year Ended December 31,202420232022(amounts in millions, except per share data)Cash Dividend Declared Per ShareCash Dividend Declared Per ShareCash Dividend Declared Per SharePreferred SeriesAmount ($)Amount ($)Amount ($)Series B$81.10 $(3)$80.28 $(3)$46.68 $(2)Series E6,412.62 (26)7,753.75 (37)5,700.00 (29)Series F5,625.00 (28)5,625.00 (28)5,625.00 (28)Series G4,450.00 (22)4,450.00 (22)4,450.00 (22)Series H45.00 (23)45.