Huntington Bancshares 8-K Filing: Preferred Stock Insights & Financial Update

Here’s a summary of the key information extracted from the provided financial report section:

Company Overview

• Company Name: Huntington Bancshares Incorporated
• CIK: 0000049196
• Address: 41 South High Street, Columbus, OH 43287
• Phone: 614-480-2265

Filing Information

• Filing Type: 8-K
• Filing Date: December 20, 2024
• MD (Management Discussion): Yes

Stock Information

• Common Stock:
• Ticker Symbol: HBAN
• Par Value: $0.01 per share
• Preferred Stock (Depositary Shares):

1. Series H:

• • Type: 4.500% Non-Cumulative, perpetual preferred stock
  • Ticker Symbol: HBANP
  • Interest Representation: Each depositary share represents a 1/40th interest in a share.
    

2. Series I:

• • Type: 5.70% Non-Cumulative, perpetual preferred stock
  • Ticker Symbol: HBANM
  • Interest Representation: Each depositary share represents a 1/1000th interest in a share.

3. Series J:

• • Type: 6.875% Non-Cumulative, perpetual preferred stock
  • Ticker Symbol: HBANL
  • Interest Representation: Each depositary share represents a 1/40th interest in a share.

Additional Notes

• The report includes multiple segments for different classes of stock, indicating a structured approach to reporting equity.
• The filing reflects the company's ongoing commitment to providing detailed financial information regarding its stock offerings.

Insights

• The company is actively managing multiple classes of preferred stock, which could indicate strategic efforts to attract different types of investors.
• The presence of perpetual preferred stock suggests a long-term financing strategy with a focus on maintaining flexibility in dividend payments.
• The filing date indicates that this is a recent update, which may reflect current market conditions or corporate actions.

This summary provides a clear overview of the essential details related to Huntington Bancshares Incorporated as of the specified filing date.