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First Horizon Corporation (NYSE: FHN) has declared a quarterly common stock dividend of $0.15 per share, payable on October 1, 2021, to shareholders of record by September 10, 2021. Additionally, cash dividends were approved for its preferred stock series, including Series C with $165.00 per share, Series D with $305.00, Series E with $1,625.00, and Series F with $1,175.00. These dividends are set to be paid on November 1, 2021, for Series C and D, and on October 12, 2021, for Series E, F, and Class A Preferred Stock.
First Horizon Bank has appointed Hunter Hill as Chief Digital Transformation Officer and promoted Tony Adams to New Orleans Market President. Hill, who previously served as New Orleans Market President, will now lead the bank's digital vision and strategy, enhancing capabilities across various business lines. Meanwhile, Adams has been pivotal in expanding the bank's presence in North Louisiana. President and CEO Bryan Jordan emphasized the importance of advancing digital banking to meet evolving client needs. First Horizon Corp. has $87.6 billion in assets as of June 30, 2021.
First Horizon Corporation (NYSE:FHN) reported strong financial results for Q2 2021, with a net income of $295 million, or $0.53 per share, up from $225 million in Q1. Adjusted net income increased to $321 million, or $0.58 per share. The return on tangible common equity (ROTCE) improved to 20.4%. Tangible book value per share rose 4% to $10.74. Notably, Q2 results were impacted by $26 million in notable items related to the IBERIABANK merger. The company anticipates increasing loan demand and economic growth in the latter half of the year.
First Horizon Corporation (NYSE: FHN) announced a cash dividend of $874.72 per share on its 4.70% Non-Cumulative Perpetual Preferred Stock, Series F. This translates to $0.218680 per Depositary Share, as a correction to a previous announcement regarding the dividend rate. The dividend is payable on July 12, 2021, to shareholders of record as of June 30, 2021. First Horizon, with $87.5 billion in assets, operates across 12 states in the southern U.S., providing a range of financial services.
