Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.21.2
SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Stock
The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding as of June 30, 2021.
(dollar amounts in millions)
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  % 4/15/2021
Series D 5/5/2016 200,000  199  6.25  % 4/15/2021
Series C 8/16/2016 100,000  100  5.875  % 10/15/2021
Series E 2/27/2018 5,000  495  5.700  % 4/15/2023
Series F 5/27/2020 5,000  494  5.625  % 7/15/2030
Series G 8/3/2020 5,000  494  4.450  % 10/15/2027
Series H 2/2/2021 500,000  485  4.500  % 4/15/2026
Series I 6/9/2021 7,000  175  5.700  % 12/01/2022
Total 1,257,500  $ 2,851 
The following table presents the dividends declared for each series of Preferred shares for the three-month and six-month periods ended June 30, 2021 and 2020:
Three Months Ended June 30, Six months ended June 30,
(amounts in millions, except per share data) 2021 2020 2021 2020
Cash Dividend Declared Per Share Cash Dividend Declared Per Share Cash Dividend Declared Per Share Cash Dividend Declared Per Share
Preferred Series Amount ($) Amount ($) Amount ($) Amount ($)
Series B 7.21  $ —  9.80  $ —  14.56  $ —  21.13  $ (1)
Series C 14.69  (1) 14.69  (2) 29.38  (3) 29.38  (3)
Series D 15.63  (9) 15.63  (10) 31.25  (18) 31.25  (19)
Series E 1,425.00  (7) 1,425.00  (7) 2,850.00  (14) 2,850.00  (14)
Series F 1,406.25  (7) —  —  2,812.50  (14) —  — 
Series G 1,112.50  (6) —  —  2,225.00  (12) —  — 
Series H 19.50  (10) —  —  19.50  (10) —  — 
Series I 356.25  (3) —  —  356.25  (3) —  — 
Total $ (43) $ (19) $ (74) $ (37)