Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v2.4.1.9
Shareholders' Equity
 3 Months Ended
Mar. 31, 2015
Shareholders' Equity [Abstract]  
SHAREHOLDERS' EQUITY

10. SHAREHOLDERS’ EQUITY

2015 Share Repurchase Program

On March 11, 2015, Huntington announced that the Federal Reserve did not object to the proposed capital actions included in Huntington's capital plan submitted to the Federal Reserve in January 2015. These actions included a potential repurchase of up to $366 million of common stock from the second quarter of 2015 through the second quarter of 2016. Purchases of common stock may include open market purchases, privately negotiated transactions, and accelerated repurchase programs. Huntington’s board of directors authorized a share repurchase program consistent with Huntington’s capital plan. This program replaced the previously authorized share repurchase program authorized by Huntington’s board of directors in 2014.

2014 Share Repurchase Program

During the three-month period ended March 31, 2015, Huntington repurchased a total of 4.9 million shares at a weighted average share price of $10.45, which completes our previous authorization.

On March 26, 2014, Huntington announced that the Federal Reserve did not object to the proposed capital actions included in Huntington's capital plan submitted to the Federal Reserve in January of 2014. These actions include a potential repurchase of up to $250 million of common stock through the first quarter of 2015. Huntington's board of directors authorized a share repurchase program consistent with Huntington’s capital plan. This program replaced the previously authorized share repurchase program authorized by Huntington’s board of directors in 2013.

2013 Share Repurchase Program

During the three-month period ended March 31, 2014, Huntington repurchased a total of 14.6 million shares at a weighted average share price of $9.32.