Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding as of December 31, 2021.


(dollar amounts in millions)					Carrying Amount
Series	Issuance Date	Shares Outstanding	Dividend Rate		Earliest Redemption Date (1)	December 31, 2021		December 31, 2020
Series B (2)	12/28/2011	35,500	3-mo. LIBOR + 270 bps		1/15/2017	$	23	$	23
Series D	3/21/2016	—	6.25	%	4/15/2021	—		386
Series D	5/5/2016	—	6.25		4/15/2021	—		199
Series C	8/16/2016	—	5.875		10/15/2021	—		100
Series E (3)	2/27/2018	5,000	5.70		4/15/2023	495		495
Series F (3)	5/27/2020	5,000	5.625		7/15/2030	494		494
Series G (3)	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		—
Series I (3)	6/9/2021	7,000	5.70		12/01/2022	175		—
Total		557,500				$	2,167	$	2,191

(1) Denotes earliest optional redemption date. Earlier redemption is solely at Huntington’s option, subject to prior approval of FRB.

(2) Series B and H of preferred stock have a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.

(3) Series E, F, G, and I preferred stock have a liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends.

Dividends Declared

The following table presents the dividends declared for each series of Preferred shares for the years ended December 31, 2021, 2020, and 2019:


(amounts in millions, except per share data)	Cash Dividend Declared Per Share
Preferred Series			Amount ($)
Year Ended December 31, 2021
Series B	$	28.69	$	(1)
Series C	44.07		(4)
Series D	31.25		(18)
Series E	5,700.00		(29)
Series F	5,625.00		(28)
Series G	4,450.00		(23)
Series H	42.00		(21)
Series I	1,068.75		(7)
			$	(131)
Year Ended December 31, 2020
Series B	$	35.91	$	(1)
Series C	58.76		(6)
Series D	62.50		(37)
Series E	5,700.00		(29)
Series F	3,468.75		(17)
Series G	1,915.97		(10)


			$	(100)
Year Ended December 31, 2019
Series B	$	51.22	$	(2)
Series C	58.76		(6)
Series D	62.50		(37)
Series E	5,700.00		(29)




			$	(74)

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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