First Horizon Corporation - FHN STOCK NEWS

First Horizon National Corp. (NYSE: FHN) announced a simplification of its corporate name to First Horizon Corporation, effective November 30, 2020, to align its parent company name with its principal brand following the IBERIABANK merger. This name change will not affect outstanding securities, which will continue to trade under their existing symbols. First Horizon holds $83 billion in assets and operates nearly 500 bank locations across the Southeast, providing a range of financial services.

First Horizon National Corp. (NYSE: FHN) announces the appointment of Erin Pryor as Executive Vice President and Chief Marketing Officer. Pryor brings 20 years of marketing experience in banking and finance, previously serving at USAA as Executive Director of Brand Management. Her role will focus on enhancing marketing strategies to improve client experiences and brand awareness across the Southeast. CEO Bryan Jordan expressed confidence in her capabilities at a critical growth juncture for the company.

First Horizon National Corporation (NYSE:FHN) executives will participate in upcoming virtual conferences. CFO William Losch and COO Anthony Restel will present at the Banc Analysts Association of Boston on November 6, 2020, at 1:50 p.m. ET. Additionally, Michael Brown and David Popwell will engage in a session with Bank of America Merrill Lynch on November 10, 2020, at 8:00 a.m. ET. Both events will be accessible via live webcast, with audio replays available for 14 days. The company emphasizes that presentations may include forward-looking statements subject to risks and uncertainties.

First Horizon National Corp. (NYSE:FHN) has declared a quarterly cash dividend of $0.15 per share on its common stock, payable January 4, 2021, to shareholders of record on December 11, 2020. The board also approved dividends for four classes of preferred stock, including $1,550.00 per share for Series A, $331.25 for Series B, $165.00 for Series C, and $1,625.00 for Series E, all with various payment dates in early 2021. First Horizon, based in Memphis, TN, manages $83 billion in assets across nearly 500 locations.

First Horizon National Corp. (NYSE: FHN) reported third quarter 2020 net income of $523 million, equating to earnings per share (EPS) of $0.95. This includes $269 million pre-tax, or $0.60 per share, from notable items related to the IBERIABANK merger. Adjusted net income is $193 million, or $0.35 per share. Key performance indicators include a return on common equity (ROCE) of 28.49% and a tangible book value of $9.92. Ongoing expense discipline was evident despite net interest income pressures and a $13 million CECL reserve build.

FHN Financial Capital Markets, part of First Horizon Bank, has expanded its Public Finance Department with the addition of Evan Levine and Crystal Mullins in New York City. Levine, Senior VP, brings 17 years of experience in transportation financing, having managed over $16 billion in capital projects. Mullins, Vice President, has 25 years of municipal finance expertise, particularly with airports. This expansion aims to enhance FHN's capabilities in public finance, especially for municipal issuers in the transportation sector, amid plans for geographic growth.

First Horizon National Corp. (NYSE: FHN) will release its third quarter financial results on October 23, 2020, before the market opens. The announcement will include a news release, financial supplement, and slide presentation. A conference call will follow at 8:30 a.m. CT, where management will discuss earnings and trends. The outcomes may encompass forward-looking information. The company has approximately $84 billion in assets, including assets from First Horizon, IBERIABANK, and the Truist branch acquisition, as of June 30, 2020.

First Horizon National Corp. (NYSE: FHN) announced a $15 million donation from fees linked to the Paycheck Protection Program (PPP) to support low- and moderate-income communities impacted by COVID-19. CEO Bryan Jordan emphasized the company's commitment to assisting clients and communities facing economic challenges. As of June 30, 2020, First Horizon has $86 billion in assets, which includes recent acquisitions. The bank operates nearly 500 locations across 12 Southeastern states, providing a wide range of financial services.

First Horizon National Corp. (NYSE:FHN) has launched ClearPath Fast Payments in partnership with Interchecks, enhancing immediate payments for treasury management clients. This new service will facilitate faster payments for various applications like wages and insurance claims. The collaboration with Interchecks aims to meet the growing demand for convenient payment options while maintaining traditional methods like direct deposits and checks. The initiative follows First Horizon's merger with IBERIABANK, allowing broader market access and innovation in payment services.