Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 126

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 126
---
ERS' EQUITY

Preferred StockThe following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding.(dollar amounts in millions)Issuance DateShares OutstandingDividend RateEarliest Redemption Date (1)Carrying AmountSeriesAt March 31, 2025At December 31, 2024Series B (1)12/28/201135,500 Variable (2)1/15/2017$23 $23 Series F (3)5/27/20205,000 5.625 %7/15/2030494 494 Series G (3)8/3/20205,000 4.45 10/15/2027494 494 Series H (1)2/2/2021500,000 4.50 4/15/2026486 486 Series I (5)6/9/20217,000 5.70 12/01/2022175 175 Series J (1)3/6/2023325,000 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