SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Stock

The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding.

(dollar amounts in millions)					Carrying Amount
Series	Issuance Date	Shares Outstanding	Dividend Rate	Earliest Redemption Date (1)	March 31, 2022		December 31, 2021
Series B (2)	12/28/2011	35,500	3-mo. LIBOR + 270 bps	1/15/2017	$	23	$	23
Series E (3)	2/27/2018	5,000	5.70	4/15/2023	495		495
Series F (3)	5/27/2020	5,000	5.625	7/15/2030	494		494
Series G (3)	8/3/2020	5,000	4.45	10/15/2027	494		494
Series H (2)	2/2/2021	500,000	4.50	4/15/2026	486		486
Series I (3)	6/9/2021	7,000	5.70	12/01/2022	175		175
Total		557,500			$	2,167	$	2,167

(1) Denotes earliest option redemption date. Earlier redemption is solely at Huntington’s option, subject to prior approval of FRB.

(2) Series B and H of preferred stock have a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.

(3) Series E, F, G and I preferred stock have a liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends.

The following table presents the dividends declared for each series of Preferred shares for the three-month periods ended March 31, 2022 and 2021:

	Three Months Ended March 31,
(amounts in millions, except per share data)	2022				2021
	Cash Dividend Declared Per Share				Cash Dividend Declared Per Share
Preferred Series			Amount ($)				Amount ($)
Series B	$	9.36	$	—	$	7.35	$	—
Series C	—		—		14.69		(2)
Series D	—		—		15.63		(9)
Series E	1,425.00		(7)		1,425.00		(7)
Series F	1,406.25		(7)		1,406.25		(7)
Series G	1,112.50		(6)		1,112.50		(6)
Series H	11.25		(6)		—		—
Series I	356.25		(2)		—		—
Total			$	(28)			$	(31)