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 Corp. (NYSE:FHN) will announce its first quarter financial results on April 21, 2021, before market opening. A conference call is scheduled for 8:30 a.m. CT to discuss earnings and performance trends, available via live webcast. The financial information and presentation will be accessible by 6 a.m. CT on the same day. Investors can participate in the call starting at 8:15 a.m. CT. A replay will be available post-call until May 5, 2021. First Horizon, headquartered in Memphis, TN, manages assets of $84 billion and operates nearly 500 bank locations across the Southeast.
First Horizon Corporation (NYSE:FHN) will have its President and CEO, Bryan Jordan, in a virtual fireside chat at the RBC Capital Markets Global Financials Conference on March 9, 2021, at 2:40 p.m. ET. The event will be webcast live, with an audio replay available for six months after the conference. First Horizon, based in Memphis, TN, boasts $84 billion in assets and nearly 500 bank locations across the Southeast. Known for its employment reputation and extensive financial services, the company emphasizes its commitment to clients and communities.
First Horizon Corporation (NYSE: FHN) announced that CFO William Losch will participate in a virtual conference hosted by KBW on February 11, 2021, at 1:15 p.m. ET. The event will feature a live webcast and an audio replay available for 14 days post-event. Interested parties can access links to the webcast and associated materials through the company's investor relations website. The presentation may involve forward-looking statements subject to risks and uncertainties, as detailed in recent earnings reports and filings. First Horizon is a leading regional financial services company with $84 billion in assets.
On February 2, 2021, First Horizon Bank selected Finxact to enhance its VirtualBank brand through modern core banking solutions. The Memphis-based bank, with $84 billion in assets and over one million customers, is aiming to strengthen its product and service delivery post-merger with IBERIABANK. This conversion to Finxact's cloud core marks a significant step in its modernization strategy, allowing First Horizon to compete more effectively in the evolving financial landscape.
First Horizon Corporation (NYSE: FHN) announced a new share repurchase program authorizing up to $500 million in common stock buybacks following successful 2020 stress tests. CEO Bryan Jordan emphasized a focus on organic growth while balancing share repurchases to enhance shareholder returns. The board also declared a $0.15 quarterly dividend on common stock, payable April 1, 2021, along with cash dividends on various series of preferred stock, with payments ranging from $165 to $1,625 per share scheduled between April and May 2021.
First Horizon Corporation reported its fourth quarter 2020 earnings, showing a net income of $234 million, down from $523 million in the previous quarter. The earnings per share (EPS) for Q4 was $0.42, impacted by $20 million in notable items linked to the IBERIABANK merger. For the full year, net income reached $822 million, with an EPS of $1.89. The Tangible Book Value per share increased by 3% to $10.23. CEO Bryan Jordan expressed pride in the company's performance amidst challenges and highlighted successful integration efforts.
First Horizon Corporation (NYSE: FHN) announced robust results from its 2020 Bank Holding Company-run capital stress test, showcasing its resilience in economic stress situations. The company maintained a common equity tier one capital ratio of 8.2%, significantly surpassing regulatory requirements. Moreover, its stressed loss rate of 2.8% outperformed the median of CCAR banks at 6.9%. These results highlight First Horizon's strong risk management and diversified business model, reflecting a pre-provision net revenue exceeding peer medians by 150 basis points.
First Horizon Corp. (NYSE:FHN) will announce its fourth quarter financial results on January 22, 2021, before market opening. A conference call will take place at 8:30 a.m. CT, where management will discuss earnings and performance trends. The financial report, including a news release and slide presentation, will be available by 6 a.m. CT on the same day. Interested parties can join the call or listen via a live webcast. The call will be recorded and available for replay starting noon CT on January 22 through February 5. More details can be found at First Horizon's Investor Relations page.
On December 9, 2020, Bryan Jordan, CEO of First Horizon (NYSE:FHN), will present at a Goldman Sachs virtual conference at 2:40 p.m. ET. The event will be accessible via a live audio webcast, with a replay available for 14 days. The presentation may include forward-looking statements regarding the company's performance, which carry inherent risks. First Horizon, with $83 billion in assets, operates nearly 500 bank locations and is recognized among the nation's best employers.
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.
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