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 (NYSE: FHN) announced that it will post fixed income investor materials for analysts on December 3, 2024. The materials will be available on the company's Investor Relations website by 8 a.m. CT. These materials are expected to be used at upcoming meetings and conferences.
First Horizon (NYSE: FHN) has appointed Tyler Craft as Head of Investor Relations, effective January 1, 2025, succeeding Natalie Flanders. Craft, currently Director of Transformation - Fintech and Emerging Technology, will report to CFO Hope Dmuchowski. During his 14-year tenure, Craft has led fintech initiatives, including robotic process automation and AI implementations. He previously served as Director of Product at Capital Bank. Natalie Flanders, who served as Head of Investor Relations for 18 months, will transition to Director of Credit & Financial Risk in the Risk Organization.
First Horizon Foundation has announced a $200,000 commitment to support hurricane relief efforts in Florida's coastal communities affected by Hurricane Helene and Hurricane Milton. The funds will be distributed through United Way Suncoast Disaster Recovery Fund, United Way Town of Palm Beach Hurricane Recovery Fund, and the Craft Emergency Relief Fund.
Florida Regional President Marty Lanahan emphasized the bank's commitment to providing resources and support to associates, families, clients, and communities. United Way Suncoast CEO Jessica Muroff expressed gratitude for the partnership, highlighting how such support enables community rebuilding efforts.
First Horizon (NYSE: FHN) announced its participation in the upcoming Goldman Sachs Financial Services Conference 2024. Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will represent the company at the event on December 10, 2024, at 3:40 pm ET.
The company will provide a live webcast of the event, with an audio replay available through First Horizon's Investor Relations website in the events and presentations section.
First Horizon (NYSE: FHN) announced that Jaime Dunn, Director of Executive Compensation & Equity Administration, has won the Memphis Business Journal's 2024 HR Impact Award in the public company category. The award recognizes HR professionals who positively impact workplaces and create productive environments. Dunn leads compensation programs at First Horizon to attract and retain talent. She also contributes to the Memphis community through financial literacy education for underserved children and support of local artists and businesses.
First Horizon has been named to the Forbes Best-in-State Employers 2024 list for Tennessee. The recognition comes from an independent survey conducted by Forbes and Statista Inc., involving over 160,000 employees from companies with at least 500 workers in the U.S. Bryan Jordan, Chairman, President and CEO, emphasized that the company's success stems from their associates' dedication to exceptional client service. The award acknowledges First Horizon as an organization fostering employee value, inspiration, and growth potential.
First Horizon (NYSE: FHN) has announced the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024. Wiseman will transition to the General Counsel position on January 1, 2025, succeeding Charles Tuggle, who will retire in 2025 after 16 years of service. Wiseman joins from Baker Donelson Bearman Caldwell & Berkowitz, P.C., bringing extensive experience in various sectors, including financial services.
Bryan Jordan, President, Chairman, and CEO of First Horizon, expressed enthusiasm for Wiseman's appointment, citing his experience and strategic mindset as important for navigating the dynamic political and regulatory environment. Wiseman's background includes serving as Deputy Governor and Chief Counsel under Governor Bill Lee and founding partner of Wiseman Bray PLLC. He has also held various civic and nonprofit leadership roles.
First Horizon (NYSE: FHN) has announced that Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio will participate in the BancAnalysts Association of Boston Conference on November 7, 2024, at 1:30 pm ET.
The event will be accessible via a live webcast, with an audio replay available afterwards. Interested parties can access these through the events and presentations section of the First Horizon Investor Relations website.
The company has noted that the presentation and any related materials may contain forward-looking statements or other important information for investors.
First Horizon Corp. (NYSE: FHN) announced that Susan Springfield, the company's Chief Credit Officer, has been named one of Memphis Business Journal's Women Who Lead. This recognition honors women in leadership roles in public and private companies. Springfield, with over 30 years of experience in the financial services industry, is set to retire soon. She highlighted mentoring and developing others as one of her most rewarding achievements.
Bryan Jordan, First Horizon's Chairman, President and CEO, congratulated Springfield on this honor, praising her contributions to the organization and community. He emphasized that a true leader invests in others' growth, noting that Springfield's impact on her mentees is measured by the lasting influence they have on others.
FHN Financial has announced key hires to expand its capabilities in the Project Finance sector of the municipal market. The firm has recruited Howard Manning as Managing Director and national lead banker for Project Finance transactions, Stan Rosendahl as Executive Director to expand coverage across sectors nationally, and Alana Zimmerman as Executive Director to work as the lead execution banker for the Project Finance team.
These strategic hires aim to enhance FHN Financial's expertise in specialized municipal sectors, particularly in healthcare. The expansion builds upon recent investments in the Midwest and Northeast regions. Ajay Thomas, Senior Managing Director and Head of Public Finance, expressed excitement about the new team members, stating that they will add depth, structuring expertise, and transaction execution capabilities to the public finance business.
FHN Financial Capital Markets, a division of First Horizon Bank, operates 27 offices across the United States, with Municipal Underwriting and Trading Desks in multiple cities and Public Finance offices in 12 locations.
FAQ
What is the current stock price of First Horizon Corporation (FHN)?
What is the market cap of First Horizon Corporation (FHN)?
What are the primary business segments of First Horizon Corporation?
How does First Horizon generate its revenue?
In which geographical areas does First Horizon primarily operate?
How does First Horizon differentiate itself from other regional banks?
What types of financial products and services does the Consumer & Wealth segment offer?
How does First Horizon maintain trust and financial integrity?
