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Huntington Bancshares Stock Offerings Report - March 2025 Insights

$HBAN
Form 8-K
Filed on: 2025-03-05
Source
Huntington Bancshares Stock Offerings Report - March 2025 Insights

The provided XML section of the financial report contains key information about Huntington Bancshares Incorporated's preferred and common stock offerings. Here are the major points extracted:

  1. Company Information:
  • Entity Name: Huntington Bancshares Incorporated
  • CIK Identifier: 0000049196
  • Address: 41 South High Street, Columbus, OH 43287
  • Phone: 614-480-2265
  1. Reporting Period:
  • Date of Report: March 5, 2025
  1. Stock Offerings:
  • Series H Preferred Stock:
    • Type: Non-Cumulative, perpetual preferred stock
    • Dividend Rate: 4.500%
    • Represented by Depositary Shares (each share represents a 1/40th interest in a share of Series H)
    • Ticker Symbol: HBANP
    • Exchange: NASDAQ
  • Series I Preferred Stock:
    • Type: Non-Cumulative, perpetual preferred stock
    • Dividend Rate: 5.70%
    • Represented by Depositary Shares (each share represents a 1/1000th interest in a share of Series I)
    • Ticker Symbol: HBANM
    • Exchange: NASDAQ
  • Series J Preferred Stock:
    • Type: Non-Cumulative, perpetual preferred stock
    • Dividend Rate: 6.875%
    • Represented by Depositary Shares (each share represents a 1/40th interest in a share of Series J)
    • Ticker Symbol: HBANL
    • Exchange: NASDAQ
  • Common Stock:
    • Par Value: $0.01 per share
    • Ticker Symbol: HBAN
    • Exchange: NASDAQ
  1. Document Type:
  • Filing Type: 8-K (a report of unscheduled material events or corporate changes)
  1. Regulatory References:
  • The report includes references to XBRL (eXtensible Business Reporting Language) for structured data presentation, indicating compliance with SEC reporting standards.

Insights:

  • Huntington Bancshares is actively managing its capital structure through the issuance of various series of preferred stock, which provides investors with options based on different dividend rates.
  • The presence of multiple series of preferred stock suggests a strategy to appeal to a range of investors seeking different income profiles.
  • The company is listed on NASDAQ, indicating it meets the exchange's requirements for transparency and governance, which is favorable for investor confidence.
  • The report is filed under the 8-K category, highlighting the importance of the information disclosed, which could have significant implications for investors and analysts tracking the company's financial health and stock performance.

Overall, this section of the financial report provides a snapshot of Huntington Bancshares' equity offerings and the regulatory environment in which it operates, key for potential investors and stakeholders.