SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 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 (4)	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 preferred stock have a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.

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

(4) Series I preferred stock has a liquidation value and redemption price per share of $25,000, plus any declared and unpaid dividends.

The following table presents the dividends declared for each series of Preferred shares for the three-month and six-month periods ended June 30, 2022 and 2021:

	Three Months Ended June 30,								Six months ended June 30,
(amounts in millions, except per share data)	2022				2021				2022				2021
	Cash Dividend Declared Per Share				Cash Dividend Declared Per Share				Cash Dividend Declared Per Share				Cash Dividend Declared Per Share
Preferred Series			Amount ($)				Amount ($)				Amount ($)				Amount ($)
Series B	$	13.03	$	—	$	7.21	$	—	$	22.39	$	—	$	14.56	$	—
Series C	—		—		14.69		(1)		—		—		29.38		(3)
Series D	—		—		15.63		(9)		—		—		31.25		(18)
Series E	1,425.00		(7)		1,425.00		(7)		2,850.00		(14)		2,850.00		(14)
Series F	1,406.25		(7)		1,406.25		(7)		2,812.50		(14)		2,812.50		(14)
Series G	1,112.50		(6)		1,112.50		(6)		2,225.00		(12)		2,225.00		(12)
Series H	11.25		(6)		19.50		(10)		22.50		(12)		19.50		(10)
Series I	356.25		(2)		356.25		(3)		712.50		(4)		356.25		(3)
Total			$	(28)			$	(43)			$	(56)			$	(74)