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.
Overview of First Horizon Corporation
First Horizon Corporation (NYSE: FHN) is a historic and comprehensive regional financial services organization known for its sustained commitment to financial integrity and customer service excellence. With a legacy that dates back to 1864, the company has evolved into a multifaceted banking institution, offering a broad array of services across commercial banking, consumer lending, deposit taking, and wealth management. Emphasizing banking innovation, regional financial expertise, and customer-centric solutions, First Horizon has built a reputation grounded in decades of practical experience and strategic operational excellence.
Historical Evolution and Core Values
Since opening its doors in the mid-19th century on North Court Street in Memphis, First Horizon has maintained its founding mission: to provide exceptional service to its customers, one opportunity at a time. The company’s evolution mirrors the broader transformation of banking in America, adapting continuously to the dynamic needs of its diverse clientele. A steadfast commitment to financial integrity has always been at the core of its operations, ensuring that both individual and commercial clients receive prudent guidance and support to safeguard and grow their assets.
Business Segments and Service Offerings
First Horizon Corporation’s operational model is structured around four key reportable segments:
- Commercial: Serving a wide spectrum of business clients with traditional lending, deposit services, and tailored financial solutions that support diverse commercial needs.
- Consumer & Wealth: Delivering a comprehensive suite of personal banking products, including mortgage lending, retail banking, investment services, and wealth management to support individuals and families.
- Wholesale: Focusing on servicing large-scale institutional clients and facilitating more complex capital market activities.
- Corporate: Addressing specialized financial strategies and providing internal management support across the organization.
The Commercial and Consumer & Wealth segments form the cornerstone of First Horizon’s revenue, underscoring the company’s dual focus on traditional banking and personalized financial solutions.
Market Position and Operational Strength
Positioned as a major regional bank with an expansive branch network, First Horizon operates principally throughout the southern United States, including a significant presence in Tennessee. The company’s diverse portfolio—ranging from retail brokerage to fixed income and mortgage banking—demonstrates its ability to cater to a varied clientele. Its emphasis on local community engagement and prudent financial practices has solidified its standing as an institution that balances traditional banking with modern operational strategies.
Operational Excellence and Industry Expertise
First Horizon’s structure is designed to meet varied financial needs while maintaining strong relationships with clients, communities, and industry partners. The organization continues to integrate digital strategies alongside standard practices to enhance customer interaction and service delivery. Notably, recent recognitions for social media use underscore the company’s evolving approach to digital engagement without compromising the trusted, personalized service delivered through its robust branch network. This blend of technology and traditional banking ensures that First Horizon remains responsive to the evolving dynamics of the financial services industry.
Commitment to Financial Integrity and Customer Service
Central to First Horizon’s philosophy is a commitment to acting in the clients’ best interests, a value that has been nurtured over more than 150 years. The company provides discrete financial counsel, risk management, and comprehensive advisory services that are tailored to both commercial entities and individual clients. This dedication is evident in the careful stewardship of its service offerings, ensuring that every product—from routine deposit accounts to intricate wealth management strategies—is executed with an unwavering commitment to quality and reliability.
Competitive Landscape and Industry Differentiation
In an industry that is often characterized by a race towards technological adoption and market expansion, First Horizon stands apart through its balanced approach to innovation and tradition. It differentiates itself with its deep local market knowledge, extensive historical experience, and commitment to transparent financial practices. The company's segmented business model minimizes operational risks and diversifies revenue streams, thereby reinforcing client trust and institutional stability.
Expertise in Local Markets and Community Orientation
First Horizon’s deep roots in the communities it serves serve as a strong competitive advantage. Localized knowledge of market trends, customer preferences, and regional economic conditions enables tailored financial solutions that are both practical and strategically sound. By accentuating the importance of personalized service and local engagement, the company continues to be a trusted advisor in times of both stability and economic shifts.
Conclusion
With a legacy spanning over a century and a half, First Horizon Corporation remains a testament to the enduring value of stable, well-managed financial institutions. Its comprehensive business segments, focus on customer service excellence, and strategic integration of digital innovation make it a notable example of how traditional banking institutions can adapt while remaining true to their core principles. Whether through traditional lending, wealth management, or community-focused banking solutions, First Horizon offers a multidimensional approach that has been refined over generations, ensuring its place as a credible, knowledgeable, and enduring financial partner in the regional market.
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.
DXC Technology (NYSE: DXC) has been selected by First Horizon Bank to provide commercial credit card processing services, targeting a 150% growth in volume. This partnership builds on over a decade of collaboration with IBERIABANK. DXC will offer a comprehensive technology suite, including 24/7 customer support, advanced fraud protection, and a robust card management platform. The relationship reflects First Horizon's commitment to enhancing client experiences and operational efficiency.
First Horizon Corporation reported a first quarter 2021 net income available to common shareholders of $225 million, or $0.40 per share, down from $234 million or $0.42 in Q4 2020. Adjusted earnings increased to $284 million, or $0.51 per share, from $255 million in Q4 2020. The company showed improved credit quality and cost savings of $76 million from merger integration efforts. Tangible book value per share rose to $10.30, a 1% increase. Notable items related to the IBERIABANK merger reduced earnings by $60 million.
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