First Horizon Corporation - FHN STOCK NEWS

First Horizon Bank (NYSE: FHN) has announced its partnership as the Official and Exclusive Bank of the Valspar Championship, an annual PGA Tour tournament taking place March 17-23 at the Copperhead Course at Innisbrook Resort and Golf Club in Palm Harbor, FL. The multiyear partnership includes First Horizon being named the Title Sponsor of Executive Women's Day and maintaining a substantial presence throughout the Championship.

As part of the agreement, First Horizon will make annual donations to a Tampa Bay Area charity. The partnership aims to combine the bank's commitment to client service and community engagement with professional golf's competitive spirit at one of the sport's most celebrated venues.

First Horizon (NYSE: FHN) announced the retirement of Rosa Sugrañes, 67, from the First Horizon Board of Directors and First Horizon Bank Board of Directors, effective at the end of her current term. Sugrañes joined First Horizon's board in 2020 following the merger with IBERIABANK , where she had served as a director since 2017. Previously, she was a director at Sabadell United Bank in Miami from 2006 to 2017. She was also the founder and CEO of Iberia Tiles, a Miami-based ceramic tile distributor, from 1980 until its sale in 2012.

Bryan Jordan, Chairman, President and CEO of First Horizon, acknowledged Sugrañes' valuable contributions as a business owner and board member in the financial services industry.

First Horizon Bank (NYSE: FHN) and Hornets Sports & Entertainment have unveiled the First Horizon Bank Theater Box at Spectrum Center, home of the Charlotte Hornets. This premium fan experience, located on the Suite Level, is part of a multiyear partnership aimed at enhancing the venue's entertainment offerings.

The partnership includes prominent branding in the Uptown Concourse, demonstrating First Horizon's commitment to the Charlotte community. First Horizon Corp, with $82.2 billion in assets as of December 31, 2024, operates in 12 southern U.S. states through its banking subsidiary First Horizon Bank, offering comprehensive financial services including commercial, private banking, consumer, and wealth management services.

First Horizon (NYSE: FHN) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference. Chief Financial Officer Hope Dmuchowski will represent the company at the event scheduled for March 3, 2025, at 9:15 am ET.

The company will provide a live webcast of the event, with an audio replay available through First Horizon's Investor Relations website. The presentation materials may include forward-looking statements and guidance, subject to significant risks and uncertainties as outlined in FHN's SEC filings, including recent 10-K, 10-Q, and 8-K reports.

First Horizon (NYSE: FHN) announced the retirement of Harry V. Barton Jr., 70, from the Boards of Directors of First Horizon and First Horizon Bank at the end of his current term. Barton joined First Horizon's board in 2020 following the merger with IBERIABANK, where he had served as a director since 1993.

Barton, a Louisiana native, is a certified public accountant and registered investment advisor who owns Barton Advisory Services, in Lafayette, Louisiana. He has practiced as a CPA since 1984, primarily running his own accounting firm. Bryan Jordan, Chairman, President and CEO of First Horizon, acknowledged Barton's 31 years of dedicated service and his valuable contributions in public company audit, risk, and compliance matters.

First Horizon Bank (NYSE: FHN) has become the first-ever Presenting Sponsor of Durham Performing Arts Center (DPAC) through a new multiyear sponsorship agreement. DPAC, a 2,700-seat theater consistently ranked among the top five performing arts centers nationally, hosts major shows and performers in an intimate setting.

The partnership joins DPAC's commitment to excellence in performing arts with First Horizon's community investment strategy. Durham Mayor Leonardo Williams praised First Horizon as a strong community and business partner in Durham and the Triangle region. Laura Bunn, Mid-Atlantic Regional President for First Horizon Bank, emphasized the bank's commitment to supporting organizations that enhance cultural and economic vibrancy in their communities.

First Horizon (NYSE: FHN) has announced the election of Jeffrey J. Brown, 52, to its Board of Directors and First Horizon Bank Board of Directors. Brown currently serves as President of Hendrick Automotive Group, the largest privately held automotive group in the United States.

Brown recently retired as CEO of Ally Financial Inc. in January 2024, where he served for nine years. His previous roles include President and CEO of Dealer Financial Services, Executive VP of Finance and Corporate Planning, and Corporate Treasurer at Ally. He also served as Corporate Treasurer for Bank of America.

Bryan Jordan, Chairman, President and CEO of First Horizon, highlighted Brown's extensive financial services expertise and leadership experience in public companies as valuable assets. His connection to Charlotte, a key market for First Horizon, is seen as strategically important for the company's growth potential.

First Horizon (NYSE: FHN) announced that its Chairman, President and CEO Bryan Jordan has been named to the Memphis Business Journal's 2025 Power 100 list. This annual recognition highlights influential leaders who shape the business and economic landscape of Memphis and the Mid-South region.

Chief Human Resource Officer Tanya Hart emphasized Jordan's commitment to supporting associates, clients, and communities. Under his leadership, First Horizon continues to build on its 160-year legacy while focusing on creating long-term shareholder value.

First Horizon (NYSE: FHN) reported full year 2024 net income available to common shareholders (NIAC) of $738 million or earnings per share of $1.36, compared to $865 million or $1.54 per share in 2023. The 2024 results included $105 million after-tax of notable items impact.

Fourth quarter 2024 delivered NIAC of $158 million or $0.29 per share, with adjusted figures of $228 million or $0.43 per share, representing a 2% increase from the previous quarter. The company demonstrated strong performance with expanded net interest margin, 6% growth in fixed income revenue, and improved credit metrics with net charge-offs at 8 basis points.