Huntington Bancshares Inc.
Huntington Bancshares Files for New Series K Preferred Stock
Summary
On September 10, 2025, Huntington Bancshares Incorporated filed articles supplementary to establish a new series of its non-cumulative perpetual preferred stock, designated as the 6.250% Series K Non-Cumulative Perpetual Preferred Stock. The Series K Preferred Stock ranks on a parity with certain existing preferred stock series and senior to common stock. The offering of 750,000 Depositary Shares representing 1/100th ownership interest in a share of the Series K Preferred Stock closed on September 11, 2025. Dividends on the Series K Preferred Stock will accrue on a non-cumulative basis, with a reset after five years, and will be payable quarterly. In the event of liquidation, holders of the Series K Preferred Stock will receive liquidating distributions before common stockholders.
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About Huntington Bancshares Inc.
Huntington Bancshares Inc. is a diversified regional bank holding company, primarily engaged in providing a comprehensive range of financial services. Its primary function is to offer traditional banking products such as deposits, lending, and wealth management to consumers and businesses. Beyond conventional banking, Huntington Bancshares extends its services to areas such as insurance, investment management, and specialized financial advice, impacting sectors including retail, commercial, and small business banking. The institution operates through an extensive network of branches and ATMs, mostly concentrated across the Midwest and other strategic regions in the United States, fostering community engagement and local economic growth. Known for its customer-focused approach, Huntington Bancshares is lauded for transparent practices and innovative solutions like the 24-Hour Grace overdraft protection. In the financial markets, it plays a significant role, especially within the regional banking sector, offering stability and steady growth potential amidst evolving economic landscapes.
Official SEC Documents
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