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First Horizon Corporation - FHN STOCK NEWS

Welcome to our dedicated page for First Horizon Corporation news (Ticker: FHN), a resource for investors and traders seeking the latest updates and insights on First Horizon Corporation stock.

First Horizon Corporation (NYSE: FHN) is a leading regional financial services company based in Memphis, Tennessee. With a history dating back to 1864, the company has carved out a significant presence in the banking sector, evolving alongside the needs of its customers and communities.

First Horizon Corp. is the parent company of First Tennessee Bank, a prominent regional bank with approximately 200 branches primarily concentrated in Tennessee. The bank contributes around 65% of the company's revenue, with capital markets activities adding another 25%. The company's remaining income is generated from non-strategic and corporate operations.

The core of First Horizon's business lies in offering a variety of banking products, including commercial and private banking, consumer banking, small business services, wealth and trust management, and mortgage banking. The company also engages in retail brokerage and capital markets activities, providing clients with access to fixed income products and a variety of financial services.

Recent accomplishments highlight the company's robust financial health and its strategic direction. As of June 30, 2023, First Horizon reported $85.1 billion in assets. In September 2023, the company announced the results of its 2023 Bank Holding Company-run capital stress test, which demonstrated its capacity to maintain strong capital ratios well above regulatory minimums even under adverse economic conditions. Furthermore, First Horizon reported a net income of $129 million for the third quarter of 2023, showcasing its resilience and disciplined approach to credit quality and financial management.

First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and ranks as a Top 10 Most Reputable U.S. Bank. The company operates its banking subsidiary across 12 states in the southern United States, providing a wide array of services to help clients unlock their full potential with capital and counsel.

For more details, the latest news, and ongoing updates, visit FirstHorizon.com.

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First Horizon (NYSE: FHN) has scheduled the announcement of its fourth quarter and full year financial results for January 16, 2025. The company will release its financial report and supplemental materials at approximately 6:30 am ET through their investor relations website.

Management will host a live conference call and webcast presentation at 9:30 am ET on the same day. The presentation will be accessible via webcast on their IR website, with dial-in options available for both US (1-833-470-1428) and international callers (404-975-4839). A replay service will be available until January 30th through both phone and web platforms.

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First Horizon Bank (NYSE: FHN) has secured naming rights for the 10,000-seat stadium at WakeMed Soccer Park, which will be called First Horizon Stadium starting in 2025. The multiyear partnership expands upon First Horizon's role as the Courage's first official banking partner established in 2024.

The agreement includes planned investments in permanent branding and new signage at the stadium's northeast gate main entrance. The facility, home to both the North Carolina Courage and North Carolina FC, will maintain WakeMed's naming rights for the broader park complex. The stadium also hosts various collegiate and high school sporting events, including the NCAA Division I College Cup. A ribbon-cutting ceremony is planned for early 2025 following completion of stadium enhancements.

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First Horizon Bank (NYSE: FHN) has become the presenting sponsor of the 61st Annual Coconut Grove Arts Festival® (CGAF), scheduled for February 15-17, 2025. The festival, produced by Loud And Live, is South Florida's premier outdoor fine-arts event, featuring 285 selected artists across various disciplines.

The multi-year sponsorship agreement establishes First Horizon as the festival's official bank. The event, which began in 1963, has contributed significantly to arts education, providing over $200,000 in scholarships in the last three years, including $144,000 to Miami Dade High School graduates and $90,000 to Florida International University students.

The 2025 festival will be held in Coconut Grove, Miami, with tickets starting at $25 plus fees for General Admission.

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First Horizon Bank (NYSE: FHN) has entered into a multiyear partnership with Hornets Sports & Entertainment (HSE), becoming a Proud Partner of the Charlotte Hornets. The partnership includes the entitlement sponsorship of the Theater Box at Spectrum Center, naming rights to the arena's private Trade and Caldwell Entrance, and presenting sponsorship of the 'Bee-Ball for All' youth initiative. First Horizon Bank, with $82.6 billion in assets as of September 30, 2024, will receive various in-arena branding opportunities and a dedicated alcove on the Uptown Concourse. A ribbon-cutting celebration for the First Horizon Bank Theater Box is planned for early 2025.

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First Horizon (NYSE: FHN) announced that it will post fixed income investor materials for analysts on December 3, 2024. The materials will be available on the company's Investor Relations website by 8 a.m. CT. These materials are expected to be used at upcoming meetings and conferences.

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First Horizon (NYSE: FHN) has appointed Tyler Craft as Head of Investor Relations, effective January 1, 2025, succeeding Natalie Flanders. Craft, currently Director of Transformation - Fintech and Emerging Technology, will report to CFO Hope Dmuchowski. During his 14-year tenure, Craft has led fintech initiatives, including robotic process automation and AI implementations. He previously served as Director of Product at Capital Bank. Natalie Flanders, who served as Head of Investor Relations for 18 months, will transition to Director of Credit & Financial Risk in the Risk Organization.

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First Horizon Foundation has announced a $200,000 commitment to support hurricane relief efforts in Florida's coastal communities affected by Hurricane Helene and Hurricane Milton. The funds will be distributed through United Way Suncoast Disaster Recovery Fund, United Way Town of Palm Beach Hurricane Recovery Fund, and the Craft Emergency Relief Fund.

Florida Regional President Marty Lanahan emphasized the bank's commitment to providing resources and support to associates, families, clients, and communities. United Way Suncoast CEO Jessica Muroff expressed gratitude for the partnership, highlighting how such support enables community rebuilding efforts.

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First Horizon (NYSE: FHN) announced its participation in the upcoming Goldman Sachs Financial Services Conference 2024. Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will represent the company at the event on December 10, 2024, at 3:40 pm ET.

The company will provide a live webcast of the event, with an audio replay available through First Horizon's Investor Relations website in the events and presentations section.

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First Horizon (NYSE: FHN) announced that Jaime Dunn, Director of Executive Compensation & Equity Administration, has won the Memphis Business Journal's 2024 HR Impact Award in the public company category. The award recognizes HR professionals who positively impact workplaces and create productive environments. Dunn leads compensation programs at First Horizon to attract and retain talent. She also contributes to the Memphis community through financial literacy education for underserved children and support of local artists and businesses.

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First Horizon has been named to the Forbes Best-in-State Employers 2024 list for Tennessee. The recognition comes from an independent survey conducted by Forbes and Statista Inc., involving over 160,000 employees from companies with at least 500 workers in the U.S. Bryan Jordan, Chairman, President and CEO, emphasized that the company's success stems from their associates' dedication to exceptional client service. The award acknowledges First Horizon as an organization fostering employee value, inspiration, and growth potential.

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FAQ

What is the current stock price of First Horizon Corporation (FHN)?

The current stock price of First Horizon Corporation (FHN) is $19.94 as of December 20, 2024.

What is the market cap of First Horizon Corporation (FHN)?

The market cap of First Horizon Corporation (FHN) is approximately 10.3B.

What does First Horizon Corporation do?

First Horizon Corporation is a regional financial services company offering commercial, private, consumer banking, small business services, wealth and trust management, retail brokerage, capital markets, and mortgage banking services.

Where is First Horizon Corporation headquartered?

First Horizon Corporation is headquartered in Memphis, Tennessee.

How many branches does First Tennessee Bank have?

First Tennessee Bank, a subsidiary of First Horizon Corp, has around 200 branches primarily in Tennessee.

What are the recent financial results of First Horizon Corporation?

For the third quarter of 2023, First Horizon reported a net income of $129 million, demonstrating strong performance and resilience.

What is the significance of First Horizon's 2023 stress test results?

The 2023 stress test results showed First Horizon's ability to maintain capital ratios well above regulatory minimums, reflecting strong risk management and financial health.

In which states does First Horizon Bank operate?

First Horizon Bank operates in 12 states across the southern United States.

Has First Horizon Corporation received any notable recognition?

Yes, First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and ranks as a Top 10 Most Reputable U.S. Bank.

What is the primary source of revenue for First Horizon Corporation?

The primary source of revenue for First Horizon Corporation is First Tennessee Bank, contributing approximately 65% of the company's revenue.

How can I access First Horizon Corporation's financial reports?

Financial reports and other investor-related information can be accessed on First Horizon Corporation's investor relations website at ir.firsthorizon.com.

What is the mission of First Horizon Corporation?

First Horizon's mission is to provide the best service to its customers, maintain financial integrity, and help customers manage their money effectively.

First Horizon Corporation

NYSE:FHN

FHN Rankings

FHN Stock Data

10.33B
524.56M
0.87%
82.72%
1.92%
Banks - Regional
National Commercial Banks
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United States of America
MEMPHIS