On September 10, 2025, Huntington Bancshares filed articles supplementary with the Maryland Department of Assessments and Taxation establishing a new series of serial preferred stock designated as the 6.250% Series K Non-Cumulative Perpetual Preferred Stock with par value of $0.01 and liquidation preference of $100,000 per share, with 7,500 authorized shares.

1. 01

   On September 10, 2025, Huntington Bancshares filed articles supplementary with the Maryland Department of Assessments and Taxation establishing a new series of serial preferred stock designated as the 6.250% Series K Non-Cumulative Perpetual Preferred Stock with par value of $0.01 and liquidation preference of $100,000 per share, with 7,500 authorized shares.

2. 02

   The company said that under an underwriting agreement dated September 9, 2025, it agreed to sell to underwriters 750,000 depositary shares, each representing a 1/100 ownership interest in a share of Series K Preferred Stock, and closed the public offering on September 11, 2025.

3. 03

   Huntington Bancshares said that from the issue date to, but excluding, October 15, 2030, dividends on the Series K Preferred Stock will accrue on a non-cumulative basis at a rate of 6.250% per annum, payable quarterly in arrears, and from and including October 15, 2030, dividends will accrue at the 5-year treasury rate plus 2.653% for each reset period.

4. 04

   The company said it may redeem the Series K Preferred Stock at its option on any dividend payment date on or after October 15, 2030 at a redemption price of $100,000 per share (equivalent to $1,000 per depositary share), that redemption is subject to Federal Reserve approval, and that upon liquidation holders will receive the liquidation preference before common stockholders.

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Original filing

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