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.
First Horizon Corporation (NYSE: FHN) announced a quarterly common stock dividend of $0.15 per share, payable on April 3, 2023, to shareholders recorded by March 17, 2023. The Company also declared cash dividends on its preferred stock series: Series C at $165.00 per share, Series D at $305.00, Series E at $1,625.00, and Series F at $1,175.00. These payments are scheduled for May 1, 2023, and April 10, 2023. However, the common stock dividend will not be paid if the pending acquisition by TD Bank Group is completed before the record date.
First Horizon Corporation (NYSE: FHN) reported a fourth quarter 2022 net income available to common shareholders of
First Horizon Corp. (NYSE: FHN) has been recognized as a Great Place to Work®, based on employee feedback regarding their workplace experience. This certification reflects the company's commitment to providing a positive environment for its associates. According to Great Place to Work research, employees at certified workplaces are significantly more likely to enjoy their jobs and feel fairly compensated. With $80.3 billion in assets as of September 30, 2022, First Horizon operates in 12 southern U.S. states, offering a range of financial services and has been acknowledged as one of the best employers by multiple reputable sources.
First Horizon announces that Keva Latham, SVP Director of Compensation, has been recognized in Color Magazine's 2022 Power 40 Under 40 list, celebrating rising leaders in business and community. This accolade honors individuals who demonstrate exceptional leadership and community involvement. Bryan Jordan, President and CEO, commended Latham for her mentoring and community engagement efforts, notably founding the Banking and Buckets Youth Financial Literacy Camp. As of September 30, 2022, First Horizon had $80.3 billion in assets, offering diverse financial services across the southern U.S.
First Horizon Corporation (NYSE: FHN) is set to release its fourth quarter and full year 2022 financial results on January 18, 2023, after market closure. Financial materials will be available on the company's website for investors. As of September 30, 2022, First Horizon reported $80.3 billion in assets, with operations spanning 12 states in the southern U.S. The company has been recognized as one of the nation's top employers and reputable banks.
First Horizon Corporation announced a financial commitment to develop a Blue Carbon Database for coastal habitats in the U.S. Southeast and Gulf of Mexico. The partnership, including the ETSU Research Corporation and S.C. Sea Grant Consortium, aims to create a searchable GIS database featuring shovel-ready projects for Blue Carbon investment. Expected completion is late-2023. The initiative is projected to enhance carbon sequestration and bolster local community resilience and biodiversity. First Horizon seeks to leverage its financial expertise to support nature-based solutions.
First Horizon Corporation reported a significant increase in third quarter net income available to common shareholders, reaching $257 million or $0.45 per share, compared to $166 million or $0.29 per share in the previous quarter. Adjusted results also showed growth, with net income of $252 million or $0.44 per share. Notably, pre-provision net revenue surged by 59% quarter-over-quarter, reflecting strong loan growth and asset sensitivity amidst a robust economic backdrop.
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