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Huntington Bancshares 4.50% Dep Shares Series H Non-Cumul Perp Preferred Stock
Ticker Symbol: HBANP     CUSIP: 446150823     Exchange: NGS
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Huntington Bancshares, Inc., 4.50% Depositary Shares, each representing a 1/40th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 4/15/2026 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity.

Non-Cumulative distributions of 4.50% per annum ($1.125 per annum or $0.28125 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the first day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-40 of the prospectus for further information).

This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information).

This security was rated as Baa3 by Moody’s and BB+ by S&P at the date of its IPO. This security was rated as BB+ by Fitch Ratings Co. at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NGS
Chart
4.50%
$1.125
$25.00
$25.00
4/15/2026
None
Baa3 BB+
12/31/2023
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (HBAN)

IPO - 2/2/2021 - 20.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: HBAJL    Changed: 3/07/2023
Market Value $ Million
Click for current HBANP price quote from the NASDAQ

Company's Online Information Links
HOME PAGE:     https://www.huntington.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address huntington.investor.relations@huntington.com

Address and Phone Numbers
Address:   41 South High Street, Columbus, OH 43287
Main Phone Number 614-480-2265
Fax Number 614-480-5284
Investor Contact 800-576-5007
Toll Free Phone Number 800-576-5007
CEO - Stephen D. Steinour CFO - Zachary Wasserman


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