Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding as of December 31, 2019.
(dollar amounts in millions, share amounts in thousands)
 
 
 
 
 
 
Series
 
Issuance Date
 
Total Shares Outstanding
 
Carrying Amount
 
Dividend Rate
 
Earliest Redemption Date
Series B
 
12/28/2011
 
35,500

 
$
23

 
3-mo. LIBOR + 270 bps

 
1/15/2017
Series D
 
3/21/2016
 
400,000

 
386

 
6.25
%
 
7/15/2021
Series D
 
5/5/2016
 
200,000

 
199

 
6.25

 
7/15/2021
Series C
 
8/16/2016
 
100,000

 
100

 
5.875

 
1/15/2022
Series E
 
2/27/2018
 
5,000

 
495

 
5.70

 
4/15/2023
Total
 
 
 
740,500

 
$
1,203

 
 
 
 

Series B, D, and C of preferred stock has a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends. Series E preferred stock has a liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends. All preferred stock has no stated maturity and redemption is solely at the option of the Company. Under current rules, any redemption of the preferred stock is subject to prior approval of the FRB.