First Horizon Bank Recognized in CityBusiness Reader Rankings

(Neutral)

(Very Positive)

Rhea-AI Summary

First Horizon Bank (NYSE:FHN) announced recognition in the 2026 CityBusiness Reader Rankings, an annual reader-selected awards program in Greater New Orleans.

The bank received Top Winner for Best Small Business Bank and Winner for Best Business Bank, reflecting client and community support in the region.

News Market Reaction – FHN

-0.80%

-0.80% News Effect

On the day this news was published, FHN declined 0.80%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights client- and community-validated strength in small business and business...

Analysis

This announcement highlights client- and community-validated strength in small business and business banking across Greater New Orleans, complementing prior culture and leadership milestones. It reinforces FHN’s regional brand without introducing new financial guidance. Investors may watch how such recognition supports deposit and lending relationships over time, especially with shares trading between the 52-week low and high and above the 200-day moving average, alongside capital and earnings metrics disclosed in recent filings.

Key Figures

Net income: $956 million EPS: $1.87 CET1 ratio: 10.63% +5 more

8 metrics

Net income $956 million Net income available to common shareholders in 2025, up 29% vs 2024

EPS $1.87 2025 earnings per share, up 38% from 2024

CET1 ratio 10.63% CET1 capital ratio cited in 2026 proxy materials

Total shareholder return 22.12% One-year total shareholder return highlighted in DEF 14A

Capital returned $1.2 billion Returned through buybacks and dividends in 2025

Quarterly dividend $0.17 per share Dividend per share beginning in April 2026, up from $0.15

Preferred offering size $400,000,000 Total public offering price of Series H depositary shares

Preferred dividend rate 6.750% per annum Non-cumulative dividend on Series H Preferred Stock

Historical Context

5 past events · Latest: Jun 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 10	Community leadership	Positive	-0.1%	Executive joined Habitat for Humanity STW board, expanding community engagement.
Jun 08	Hiring announcement	Positive	+1.1%	Veteran commercial banker hired to drive relationship-based growth in Acadiana.
Jun 03	Leadership change	Positive	+2.6%	New retail banking executive appointed for Memphis and Mid-South region leadership.
May 28	Workplace recognition	Positive	+0.0%	Great Place to Work Certification renewed, highlighting culture and employee engagement.
May 27	Conference participation	Positive	+0.1%	CFO scheduled to present at Morgan Stanley U.S. Financials Conference for investors.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company news has been largely positive, with small price moves that generally align with the constructive tone of announcements.

Recent Company History

Over the past few weeks, FHN has focused on franchise strength, talent and reputation. New leadership appointments in commercial, retail and business banking across Louisiana and Memphis, plus recognition as a Great Place to Work as of May 28, 2026, underscore a people- and culture-centric strategy. Participation in a major financials conference on June 10, 2026 highlights continued investor outreach. Today’s CityBusiness reader awards in New Orleans fit this pattern of regional brand and relationship-building news with modest but generally positive price reactions.

Key Terms

depositary shares, non-cumulative, perpetual preferred stock, liquidation preference, +2 more

6 terms

depositary shares financial

"First Horizon Corporation offers 16,000,000 depositary shares, each representing a 1/4,000th interest..."

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

non-cumulative financial

"The depositary shares pay a 6.750% non-cumulative dividend on a Jan 10, Apr 10..."

Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.

perpetual preferred stock financial

"Non-Cumulative Perpetual Preferred Stock, Series H, at $25 per depositary share..."

A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.

liquidation preference financial

"with a liquidation preference of $100,000 per share. The filing notes that if dividends..."

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

regulatory capital event regulatory

"within 90 days following a defined Regulatory Capital Event, at the $100,000 per-share redemption price..."

An event where a regulator forces or signals that a bank, insurer or similar firm must change its capital position—for example by raising money, converting debt to equity, cutting dividends, or writing down assets—because it no longer meets required financial strength rules. Investors care because it can dilute existing shares, reduce payouts, change control or indicate higher risk, like a household suddenly needing to boost its emergency fund after a lender’s warning.

cet1 capital ratio financial

"The CET1 capital ratio was 10.63%, one-year total shareholder return was 22.12%..."

The CET1 capital ratio measures a bank’s core equity (common shares and retained earnings) as a share of its assets after those assets are adjusted for how risky they are. It shows how big a financial cushion the bank has to absorb losses without needing outside help, so investors use it like a fuel gauge: higher ratios mean more protection against bad loans or market shocks and lower chances of forced capital raises or regulatory action.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/16/2026 - 06:35 PM

NEW ORLEANS, June 16, 2026 /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") is proud to announce it has been recognized in the 2026 CityBusiness Reader Rankings, an annual reader-selected awards program highlighting leading businesses, organizations and professionals across the Greater New Orleans area.

First Horizon Bank CityBusiness Awards

First Horizon Bank earned Top Winner honors for Best Small Business Bank and Winner recognition for Best Business Bank. Voted on by CityBusiness readers, these awards reflect the trust clients and community members place in the bank and their commitment to delivering exceptional service and financial solutions throughout the region.

"We are honored to be recognized by loyal CityBusiness readers," said Jimmy Dunn, New Orleans Market President for First Horizon Bank. "This recognition is especially meaningful because it comes directly from the community we are privileged to serve every day. We remain committed to helping our clients achieve their financial goals while investing in the communities where we live and work."

About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

First Horizon Bank

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-horizon-bank-recognized-in-citybusiness-reader-rankings-302802411.html

SOURCE First Horizon Bank

FAQ

What recognition did First Horizon Bank (NYSE:FHN) receive in the 2026 CityBusiness Reader Rankings?

First Horizon Bank was named Top Winner for Best Small Business Bank and Winner for Best Business Bank. According to First Horizon, these reader-voted awards highlight local trust in its services across the Greater New Orleans area.

What is the CityBusiness Reader Rankings award received by First Horizon Bank in 2026?

The CityBusiness Reader Rankings is an annual reader-selected awards program recognizing leading businesses in Greater New Orleans. According to First Horizon, the bank earned Top Winner honors for Best Small Business Bank and Winner recognition for Best Business Bank.

How were First Horizon Bank’s 2026 CityBusiness awards for Best Small Business Bank and Best Business Bank determined?

First Horizon Bank’s honors were determined by votes from CityBusiness readers. According to First Horizon, this community-driven process underscores the trust clients and local residents place in its banking services and financial solutions.

What does the 2026 CityBusiness Reader Rankings recognition mean for First Horizon Bank shareholders (NYSE:FHN)?

The recognition signals strong local brand support but does not include financial metrics. According to First Horizon, reader-voted awards for Best Small Business Bank and Best Business Bank reflect client satisfaction and regional franchise strength in Greater New Orleans.

When did First Horizon Bank announce its 2026 CityBusiness Reader Rankings awards?

First Horizon Bank announced its 2026 CityBusiness Reader Rankings recognition on June 16, 2026. According to First Horizon, the bank received Top Winner for Best Small Business Bank and Winner for Best Business Bank in Greater New Orleans.