First Horizon Corporation - FHN STOCK NEWS

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.

First Horizon Corporation (NYSE: FHN) has announced the redemption of all outstanding shares of its Non-Cumulative Perpetual Preferred Stock, Series A, on July 10, 2021. The redemption price is set at $25.00 per Series A Depositary Share, totaling $100,000 per preferred share. This redemption coincides with a dividend payment date; the regular quarterly dividend will be paid separately on July 12, 2021, to shareholders of record as of June 25, 2021. As of March 31, 2021, First Horizon holds $87.5 billion in assets and operates across 12 states.

First Horizon Corporation (NYSE: FHN) is set to participate in the Wells Fargo 2021 Virtual Financial Services Investor Conference on May 19, 2021, at 10:00 am ET. The CFO, William Losch, III, will lead the presentation. Investors can access a live webcast and audio replay through the company's website. First Horizon, headquartered in Memphis, TN, manages $84 billion in assets and provides a range of financial services across the Southeast. The company is recognized as one of the best employers and most reputable banks in the U.S.

First Horizon Corporation (NYSE: FHN) has announced a public offering of depositary shares, representing 1/4,000th interest in its Non-Cumulative Perpetual Preferred Stock, Series F, with a liquidation preference of $100,000 per share. The offering aims to use net proceeds to fully redeem Series A preferred stock and for general corporate purposes. Joint book-running managers include Morgan Stanley, BofA Securities, J.P. Morgan, and others. The offering will be conducted under First Horizon's SEC shelf registration, with documents available on the SEC's website.

First Horizon Corporation (NYSE: FHN) has declared a quarterly cash dividend of $0.15 per share on common stock, payable July 1, 2021. Shareholders must be on record by June 11, 2021. Additionally, the Company announced preferred stock dividends, including $1,550.00 per share on Series A and $331.25 per share on Series B, both payable on August 2, 2021. Series C and Series E preferred stocks also have dividends scheduled, supporting the income for shareholders and reflecting corporate confidence.