Huntington Bancshares Files 8-K on Preferred and Common Stock

TL;DR

HBAN filed an 8-K detailing preferred and common stock activity on Dec 20, 2024.

AI Summary

Huntington Bancshares Inc. filed an 8-K on December 20, 2024, reporting on preferred stock and common stock transactions. The filing includes details related to Series H, Series I, and Series J Preferred Stock, as well as common stock, all with a date of December 20, 2024.

Why It Matters

This filing provides an update on the company's capital structure, specifically concerning different series of preferred stock and common stock, which can impact investor understanding of the company's equity.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of stock information and does not indicate any immediate financial distress or significant operational changes.

Key Players & Entities

• Huntington Bancshares Inc. (company) — Filer of the 8-K
• December 20, 2024 (date) — Date of report and stock transactions
• Series H Preferred Stock (stock) — Type of preferred stock mentioned
• Series I Preferred Stock (stock) — Type of preferred stock mentioned
• Series J Preferred Stock (stock) — Type of preferred stock mentioned
• Common Stock (stock) — Type of stock mentioned

FAQ

Key Financial Figures

• $0.01 — k) HBANL NASDAQ Common Stock—Par Value $0.01 per Share HBAN NASDAQ Indicate by che
• $1.0 billion — ton completed the sale of approximately $1.0 billion of corporate debt investment securities
• $20 m — sale of the securities of approximately $20 million, which will be recognized in the

Filing Documents

• hban-20241220.htm (8-K) — 37KB
• hban-20241220_g1.jpg (GRAPHIC) — 10KB
• 0000049196-24-000111.txt ( ) — 255KB
• hban-20241220.xsd (EX-101.SCH) — 3KB
• hban-20241220_def.xml (EX-101.DEF) — 19KB
• hban-20241220_lab.xml (EX-101.LAB) — 33KB
• hban-20241220_pre.xml (EX-101.PRE) — 19KB
• hban-20241220_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Huntington Bancshares Incorporated ("Huntington") is repositioning a portion of its corporate debt investment securities portfolio. Huntington completed the sale of approximately $1.0 billion of corporate debt investment securities and associated hedges, which will result in a pre-tax loss on the sale of the securities of approximately $20 million, which will be recognized in the fourth quarter of 2024 within noninterest income and which will be beneficial to common equity tier 1 capital. Huntington intends to reinvest the proceeds from the sale in 0% risk-weighted investment securities, with an expected earn-back from the transaction of approximately 2 years. The information contained in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section. Furthermore, the information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

Forward-Looking Statements The information contained in this item 7.01 contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry conditions; deterioration in business and economic conditions, including persistent inflation, supply chain issues or labor shortages, instability in global economic conditions and geopolitical matters, as well as volatility in financial markets; the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from bank failures and other volatility, including potential increased regulatory requirements and costs, such as FDIC special assessments, long-term debt requirements and heightened capital requirements, and potential impacts to macroeconomic conditions, which could affect the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Description Exhibit 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HUNTINGTON BANCSHARES INCORPORATED Date: December 20, 2024 By: /s/ Zachary Wasserman Zachary Wasserman Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR