SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS’ EQUITY

Preferred 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 Optional Redemption Date (1)	December 31, 2025		December 31, 2024
Series B (2)	12/28/2011	35,500	Variable (3)		1/15/2017	$	24	$	23
Series F (4)	5/27/2020	5,000	5.625	%	7/15/2030	494		494
Series G (4)	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 (5)	6/9/2021	7,000	5.70		12/01/2022	175		175
Series J (2)	3/6/2023	325,000	6.875		4/15/2028	317		317
Series K (4)	9/11/2025	7,500	6.25		10/15/2030	741		—
Total		885,000				$	2,731	$	1,989

(1)Redeemable at Huntington’s option on the date stated or on a quarterly basis thereafter.

(2)Liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.

(3)Dividend rate equal to 3-month CME Term SOFR + 26 bps spread adjustment + 270 bps.

(4)Liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends.

(5)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.

	Year Ended December 31,
	2025				2024				2023
(amounts in millions, except per share data)	Cash Dividend Declared Per Share				Cash Dividend Declared Per Share				Cash Dividend Declared Per Share
			Amount				Amount				Amount
Preferred Series:
Series B	$	71.57	$	3	$	81.10	$	3	$	80.28	$	3
Series E (1)					6,412.62		26		7,753.75		37
Series F	5,625.00		28		5,625.00		28		5,625.00		28
Series G	4,450.00		22		4,450.00		22		4,450.00		22
Series H	45.00		23		45.00		23		45.00		23
Series I	1,425.00		10		1,425.00		10		1,425.00		10
Series J	68.76		22		68.76		22		59.02		19
Series K (2)	2,152.78		16
Total			$	124			$	134			$	142

(1)During the fourth quarter of 2024, all remaining $405 million of outstanding Series E Preferred Stock, par value $0.01 per share, was redeemed. During the fourth quarter of 2023, $90 million of outstanding Series E Preferred Stock, par value $0.01 per share, was repurchased.