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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.

News

First Horizon Celebrates Grand Opening of St. Simons Island Banking Center

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First Horizon Corp. opens new banking center in St. Simons Island, GA, with a week-long grand opening celebration. The event received an enthusiastic response from residents and business leaders. The company aims to offer community-centric service and establish meaningful relationships. No concrete business takes affecting stock price.
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First Horizon Corporation to Participate at the Barclays Global Financial Services Conference

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First Horizon Corporation CEO to participate at Barclays Global Financial Services Conference
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FIRST HORIZON RECOGNIZED BY FORBES MAGAZINE AS ONE OF AMERICA'S BEST LARGE EMPLOYERS OF 2023

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First Horizon Corporation Announces Five Year Employment Agreement with CEO D. Bryan Jordan

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FIRST HORIZON NAMED ONE OF THE WORLD'S BEST BANKS BY FORBES MAGAZINE

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First Horizon Corp. has been recognized as one of the World's Best Banks of 2023 by Forbes Magazine. The rankings were based on categories such as digital services, customer services, financial advice, and trust. First Horizon was also recognized as one of America's Best Banks based on employee recommendations.
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First Horizon Awarded on the Forbes Best Employers for Women 2023 List

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First Horizon has been awarded on the Forbes list of The Best Employers for Women 2023. The evaluation was based on four different criteria, including direct and indirect recommendations from employees, diversity among top executives, and board positions. Tanya Hart, executive vice president and chief human resources officer at First Horizon, expressed pride in the company's commitment to gender diversity and inclusive work environment.
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First Horizon Launches New Podcast Featuring Clients Who Have Brought Their Bucket Lists to Life Tune In to Hear from Bob Emmer, Coach Heupel, Slim & Husky's, and More

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First Horizon Corporation Reports Second Quarter 2023 Net Income Available to Common Shareholders of $317 Million, or EPS of $0.56; $219 Million, or $0.39, on an Adjusted Basis*

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First Horizon Corporation reports second quarter net income of $317 million, with earnings per share of $0.56. Pre-provision net revenue increased 86% from the prior year and 18% on an adjusted basis. Period end deposits increased $4.0 billion QoQ, or 6%, with a common equity tier 1 ratio of 11.1%. ROTCE was 21.1% and adjusted ROTCE was 14.6%. Tangible book value per share is $11.50.
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First Horizon's Brand Campaign Clinches 8 Coveted Marketing Industry Awards

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First Horizon Corporation to Announce Second Quarter Financial Results on July 19, 2023

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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 $20.35 as of December 24, 2024.

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

The market cap of First Horizon Corporation (FHN) is approximately 10.8B.

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.

Stock FHN logo
First Horizon Corporation

NYSE:FHN

FHN Rankings

#818 Ranked by Market Cap
#1097 Ranked by Dividends

FHN Stock Data

10.79B
524.56M
0.87%
82.72%
1.92%
Banks - Regional
National Commercial Banks
Link
United States of America
MEMPHIS