Huntington Bancshares 8-K Report: Key Insights on Preferred Stock & Investment Strategies

Here's a concise analysis of the provided section of the financial report:

1. Entity Information:

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

2. Report Type:

• Form: 8-K (Current Report)
• Filing Date: January 17, 2025

3. Stock Information:

• Depositary Shares:
• • Series H Non-Cumulative, perpetual preferred stock:
  • Symbol: HBANP
  • Dividend Rate: 4.500%
  • Each depositary share represents a 1/40th interest in a share.
  • Series I Non-Cumulative, perpetual preferred stock:
  • Symbol: HBANM
  • Dividend Rate: 5.70%
  • Each depositary share represents a 1/1000th interest in a share.
  • Series J Non-Cumulative, perpetual preferred stock:
  • Symbol: HBANL
  • Dividend Rate: 6.875%
  • Each depositary share represents a 1/40th interest in a share.
• Common Stock:
• • Symbol: HBAN
  • Par Value: $0.01 per share

4. Segments of Stock:

• The report mentions the classification into preferred and common stock, indicating a structured capital stack with different series of preferred stock.

5. Key Insights:

• The company is actively maintaining multiple series of preferred stock, which may indicate strategies to raise capital while providing different risk and return profiles to investors.
• The presence of various preferred stock series with differing dividend rates suggests a focus on catering to diverse investor appetites.
• The filing is categorized under an 8-K, which typically signifies that the information is significant and might impact the investment decisions of stakeholders.

This summary captures essential details pertinent to investors or analysts reviewing Huntington Bancshares Incorporated's financial standing and equity structure as of the specified date.