First Horizon Corporation - FHN STOCK NEWS

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.

First Horizon Corporation (NYSE: FHN) released its 2020 Corporate Social Responsibility Report, emphasizing its merger with IBERIABANK and commitment to ESG practices. The report details achievements in 2020 and early 2021, highlighting investments of approximately $22 million in community support, including $2.5 million for COVID-19 assistance. Key initiatives include appointing new ESG and DEI officers, establishing a CSR Working Group, and creating an ESG framework. The company aims for transparency and accountability in its operations, underscoring its mission of being 'Here for Good.'

First Horizon Corporation announced that its Chief Financial Officer, William “BJ” Losch, will leave for a new opportunity at Live Oak Bancshares, effective July 31, 2021. Chief Operating Officer Anthony Restel will serve as interim CFO during the search for a permanent successor. President and CEO Bryan Jordan praised Losch's contributions over 12 years while expressing confidence in Restel's expertise. As of March 31, 2021, First Horizon had $87.5 billion in assets and operates across 12 Southeast states, aiming to integrate its operations to enhance performance.

First Horizon (NYSE: FHN) announced strong results from its 2021 capital stress tests, demonstrating its ability to withstand economic stress while maintaining capital ratios significantly above regulatory minimums. The common equity tier one capital ratio stood at 9.7%, with a minimum of 8.5% during stress, indicating a robust pre-tax loss absorption capacity of $3.4 billion. Additionally, its stressed loss rate of 3.1% was well below the CCAR-bank median. The company reported pre-provision net revenue as a percentage of total assets at 3.3%, exceeding peer median by 170 basis points, showcasing effective risk management.

First Horizon Corporation (NYSE: FHN) announced a cash dividend of $1,312.08 per share on its 4.70% Non-Cumulative Perpetual Preferred Stock, Series F. This translates to a dividend of $0.328020 per Depositary Share, each representing a 1/4,000th interest in the Series F Preferred Stock. The dividend is payable on July 12, 2021, to shareholders of record as of June 30, 2021.

First Horizon Corporation (NYSE: FHN) will have its COO, Anthony Restel, participate in the Morgan Stanley US Financials, Payments & CRE Conference on June 16, 2021, at 9:30 am ET. A live webcast and audio replay will be available on their website.

As of March 31, 2021, First Horizon has $87.5 billion in assets and operates in 12 states. The company is recognized as one of the best employers and a top reputable bank in the U.S., offering various financial services. They emphasize transparency and may include forward-looking statements during their presentation.

First Horizon Corporation (NYSE:FHN) will announce its second quarter 2021 financial results on July 16, 2021. The news release will be available at approximately 6:45 AM ET. A live presentation will follow at 9:30 AM ET, which can be accessed via a webcast or dial-in. Replay options will be available starting at noon CT on the same day until July 30. The company, with $87.5 billion in assets as of March 31, is recognized as a top employer and operates in 12 states offering a wide range of financial services.

First Horizon Corporation (NYSE: FHN) will have its President and CEO, Bryan Jordan, present at the KBW Virtual US Regional Bank Leaders Conference on June 7, 2021, at 12:15 pm ET. A live webcast will be accessible via the events section on their website, with an audio replay also available. First Horizon, headquartered in Memphis, TN, has $87.5 billion in assets as of March 31, 2021, offering a range of financial services across 12 southern U.S. states. The company has received accolades for being one of the nation's best employers and a reputable bank.