First Horizon Corporation - FHN STOCK NEWS

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.

First Horizon National Corporation (NYSE: FHN) announced its participation in the virtual Barclays Global Financial Services Conference on September 14, 2020, at 3:30 p.m. Eastern Time. The event will feature a fireside chat with CEO Bryan Jordan, available to the public via live webcast. Audio replays will be accessible for 14 days post-conference. First Horizon, with $86 billion in assets, operates nearly 500 bank locations in 12 states and is recognized as a top employer and reputable U.S. bank. More details, including related materials, can be found on their investor relations website.

First Horizon National Corp. (NYSE:FHN) has announced a quarterly cash dividend of $0.15 per share, payable on October 1, 2020, to shareholders on record by September 11, 2020. Additionally, various preferred stock dividends were approved: Series A, Series C, Series D, and Series E. The Series A dividend is $1,550.00 per share payable on October 13, 2020. Series C and D dividends are $165.00 and $305.00 respectively, both payable on November 2, 2020. The company's financial strength is reflected through these consistent dividend payments.

First Horizon National Corp. (NYSE:FHN) has completed the acquisition of 30 branches from SunTrust, now Truist, enriching its footprint in growth markets like North Carolina, Virginia, and Georgia. The transaction adds about $440 million in loans and $2.3 billion in deposits, furthering First Horizon's goal of enhancing service capabilities and long-term shareholder value. The branches converted to First Horizon banking centers over the weekend of July 17-19, 2020. Following this and the IBERIABANK merger, the company now operates nearly 500 banking centers across 12 states.

First Horizon National Corp. (FHN) reported a second quarter net income of $52 million, up from $12 million in Q1 2020, resulting in earnings per share of $0.17. Adjusted net income stood at $64 million, or $0.20 per share. Strong fee income grew 31% year-over-year, while net interest income remained stable despite rate challenges. The CET1 ratio improved to 9.3%. The company reported $2 billion in SBA loans through the PPP, aiding 15,000 customers. However, the allowance for loan losses increased significantly to $538 million due to COVID-19 impacts.

First Horizon National Corp. (NYSE:FHN) has announced a semi-annual cash dividend of $0.828125 per Depositary Share on its 6.625% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series B, payable on August 3, 2020. Additionally, the company declared a quarterly cash dividend of $0.4125 per Depositary Share on the 6.60% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C, also payable on August 3, 2020. Both dividends are for shareholders of record by July 17, 2020.

First Horizon National Corp. (FHN) and IBERIABANK Corporation have successfully completed their all-stock merger, creating a combined entity with $79 billion in assets. This milestone is set to enhance operational scale and diversify financial services. Clients will continue to be served through existing branches until systems are integrated, expected by mid-2021. IBERIABANK shareholders received shares in the new company at a ratio of 4.584 for each share held. The transition reflects a strategic move toward building a major southern-based bank.