v3.26.1
SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
Preferred Stock
The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding.
(dollar amounts in millions)
Issuance Date
Shares
Outstanding
Dividend Rate
Earliest Redemption
Date (1)
Carrying Amount
Preferred Series
At March 31, 2026
At December 31, 2025
Series B (2)
12/28/2011
35,500
Variable (3)
1/15/2017
$24
$24
Series F (4)
5/27/2020
5,000
5.625%
7/15/2030
494
494
Series G (4)
8/3/2020
5,000
4.45
10/15/2027
494
494
Series H (2)
2/2/2021
500,000
4.50
4/15/2026
486
486
Series I (5)
6/9/2021
7,000
5.70
12/01/2022
175
175
Series J (2)
3/6/2023
325,000
6.875
4/15/2028
317
317
Series K (4)
9/11/2025
7,500
6.25
10/15/2030
741
741
Series L (5)
2/1/2026
6,900
5.50
(6)
150
—
Total
891,900
$2,881
$2,731
(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)3-month CME Term SOFR + 26 bps spread adjustment + 270 bps.
(4) Liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends.
(5) Liquidation value and redemption price per share of $25,000, plus any declared and unpaid dividends.
(6)Redeemable on any dividend payment date.
The following table presents the dividends declared for each series of preferred shares.
Three Months Ended
(amounts in millions, except per share data)
March 31, 2026
March 31, 2025
Cash
Dividend
Declared
Per Share
Cash
Dividend
Declared
Per Share
Preferred Series
Amount
Amount
Series B
$16.58
$1
$18.16
$1
Series F
1,406.25
7
1,406.25
6
Series G
1,112.50
6
1,112.50
6
Series H
11.25
6
11.25
6
Series I
356.25
2
356.25
2
Series J
17.19
6
17.19
6
Series K (1)
1,562.50
11
Series L (2)
343.75
2
Total
$41
$27
(1) Series K was issued during the third quarter of 2025, with the first dividend declaration for the Series K occurring in the fourth quarter of 2025.
(2)Series L was issued during the first quarter of 2026 in conjunction with the Cadence acquisition, with the first dividend declaration for the Series L occurring
in the first quarter of 2026.