Preferred Stock Channel



Huntington Bancshares Inc | 5.70% Dep Share Series I Non-Cumul Preferred Stock (HBANM)

Prospectus excerpt:  TCF Financial Corporation is offering 7,000,000 depositary shares ("depositary shares"), each representing a 1/1,000th interest in a share of Series C Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the "Series C Preferred Stock"). As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Series C Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary. Dividends on the Series C Preferred Stock, if, as and when declared by our board of directors or a duly authorized committee thereof, will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the 1st day of March, June, September and December of each year, commencing on December 1, 2017, at a rate per annum equal to 5.70%. If our board of directors or a duly authorized committee of the board has not declared a dividend on the Series C Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not accrue or be payable for such dividend period, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series C Preferred Stock are declared for any future dividend period.

Full Prospectus PDF », Secondary Prospectus PDF », HBAN Page »

Series:I
Redeemable?:Yes
Call Date:12/1/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:7,000,000
Liquidation Preference:$25.00
Recent Market Price:$22.76
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-2.24 (-8.96%)
Annualized Dividend:1.425
Recent Ex-Date:2/14/2024
Current Yield:6.26%
Original Coupon:5.70%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn HBANM's Rating
Huntington Bancshares is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank, Co. provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment financing, inventory finance, investment management, trust services, brokerage services, insurance products and services, and other financial products and services. Co.'s segments are: Commercial Banking, which includes Regional Commercial Banking, Specialty Banking and other business units; Consumer and Business Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group.

Preferreds: HPCCP, HBANN, HBANM, HBANP, HBANL


Open the HBAN Information Page »
Name:  Huntington Bancshares Inc
Website:  www.huntington.com
Sector:  Banking & Savings
Number of ETFs Holding HBAN:  110 (see which ones)
Total Market Value Held by ETFs:  $3,847,288,034.72
Total Market Capitalization:  $19,317,000,000
% of Market Cap. Held by ETFs:  19.92%

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