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.
First Horizon Corporation (NYSE: FHN) is a leading regional financial services company based in Memphis, Tennessee. With a history dating back to 1864, the company has carved out a significant presence in the banking sector, evolving alongside the needs of its customers and communities.
First Horizon Corp. is the parent company of First Tennessee Bank, a prominent regional bank with approximately 200 branches primarily concentrated in Tennessee. The bank contributes around 65% of the company's revenue, with capital markets activities adding another 25%. The company's remaining income is generated from non-strategic and corporate operations.
The core of First Horizon's business lies in offering a variety of banking products, including commercial and private banking, consumer banking, small business services, wealth and trust management, and mortgage banking. The company also engages in retail brokerage and capital markets activities, providing clients with access to fixed income products and a variety of financial services.
Recent accomplishments highlight the company's robust financial health and its strategic direction. As of June 30, 2023, First Horizon reported $85.1 billion in assets. In September 2023, the company announced the results of its 2023 Bank Holding Company-run capital stress test, which demonstrated its capacity to maintain strong capital ratios well above regulatory minimums even under adverse economic conditions. Furthermore, First Horizon reported a net income of $129 million for the third quarter of 2023, showcasing its resilience and disciplined approach to credit quality and financial management.
First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and ranks as a Top 10 Most Reputable U.S. Bank. The company operates its banking subsidiary across 12 states in the southern United States, providing a wide array of services to help clients unlock their full potential with capital and counsel.
For more details, the latest news, and ongoing updates, visit FirstHorizon.com.
First Horizon Bank, listed on the NYSE as FHN, has been named to the Financial Brand's Power 100 Banks Using Social Media. This ranking evaluates the top 100 banks and credit unions based on their social media activity and community size across Facebook, X, YouTube, and Instagram. The data, collected quarterly, includes metrics such as Facebook likes, X followers, YouTube views, and Instagram posts. Erin Pryor, EVP and Chief Marketing and Experience Officer, highlights the bank's commitment to exceptional customer experiences and valuable content distribution. The recognition underscores First Horizon's strong social media presence among approximately 2,000 banks analyzed by the Financial Brand.
First Horizon (NYSE:FHN) will announce its second quarter financial results on July 17, 2024. The news release and supplemental materials will be available on their investor relations website at approximately 6:45 am ET/5:45 am CT.
Management will host a live conference call and webcast presentation at 9:30 am ET/8:30 am CT. The webcast will be accessible through their website. For those dialing in, use the number 1-833-470-1428 in the U.S. or 404-975-4839 outside the U.S., with access code 463278.
A replay of the call will be available until July 31st, accessible at 1-866-813-9403 with access code 610953. The webcast replay will also be archived on the website for one year.
First Horizon (NYSE: FHN) has been named as one of America's Best Employers for New Grads 2024 by Forbes and Statista Inc. The award, announced on May 21, 2024, is based on evaluations from over 100,000 young professionals and public data. Evaluations considered both personal experiences of employees and indirect assessments from friends, family, and industry peers. Tanya Hart, EVP and Chief HR Officer, emphasized the company's commitment to career development and inclusivity. Over 2 million employer evaluations were factored into the ranking.
First Horizon (NYSE: FHN) announced that its Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will participate in the Morgan Stanley US Financials, Payments & CRE Conference.
The event is scheduled for June 10, 2024, at 2:30 pm ET. A live webcast and an audio replay will be accessible through the First Horizon Investor Relations website.
On May 21, 2024, First Horizon (NYSE: FHN) announced the appointment of Travis LeMonte as Director of Private Client Services. LeMonte will lead the Private Client Banking division, focusing on strategic growth. He brings extensive experience from Regions Bank where he led Private Banking in West Tennessee, Mississippi, and Texas. Previously, he served at SunTrust and as a Private Client Relationship Manager at First Horizon. LeMonte has been active in the Memphis community for over 20 years, working with organizations like Veritas Charter School and United Way of the Mid-South. Leaders at First Horizon praised LeMonte for his expertise and anticipated contributions to the company’s growth and client experience.
First Horizon (NYSE: FHN) has been honored with 19 awards in the 2023 Greenwich Excellence and Best Brand Awards. These recognitions are in the categories of U.S. Small Business Banking and Middle Market Banking, highlighting high-quality service, innovative tools, and valuable insights. The awards were based on feedback from nearly 20,000 businesses and evaluations of over 500 banks across the U.S. Categories included customer satisfaction, cash management, and brand trust. These accolades validate First Horizon's commitment to superior service and strong client relationships.
First Horizon (NYSE: FHN) has been named a top 100 adoption-friendly workplace by the Dave Thomas Foundation for Adoption for the 16th consecutive year. This recognition underscores First Horizon's commitment to providing support to employees growing their families. The ranking was based on financial reimbursement, paid leave, and employee eligibility, analyzed by RTI International. This accolade reinforces First Horizon as an employer of choice, as stated by Tanya Hart, Executive VP and Chief HR Officer.
First Horizon (NYSE: FHN) has been honored as a 2024 VETS Indexes Recognized Employer. This designation highlights the company's dedication to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community.
According to George Altman, president of VETS Indexes, First Horizon's commitment to veteran employment stood out among a record number of competing organizations. The VETS Indexes Employer Awards are known for their comprehensive evaluation of veteran employer policies, practices, and outcomes.
Dr. Anthony C. Hood, Chief Diversity, Equity, and Inclusion Officer at First Horizon, emphasized the company's commitment to providing opportunities to veterans and their families. The award underscores the company's efforts in veteran job candidate recruiting, employee development, inclusive policies, and support for National Guard and Reserve members.
First Horizon (NYSE: FHN) announced President and CEO Bryan Jordan signed the Statement of Support for the Guard and the Reserve, facilitated by Employer Support of the Guard and Reserve. The program aims to increase employer support for military personnel by encouraging employers to advocate for employee participation in the military. First Horizon pledges to comply with the Uniformed Services Employment and Reemployment Rights Act, provide tools for managing employees in the Guard and Reserve, appreciate the skills of Service members, and support military families. The company recognizes the importance of supportive employers in maintaining the strength of the Nation's Guard and Reserve units.
First Horizon (NYSE: FHN) participated in the American Bankers Association Foundation's 'Teach Children to Save Day,' teaching financial literacy skills to over 7,000 students. Volunteers educated youth on money management, saving, and responsible spending. This initiative reflects First Horizon's commitment to financial education and community impact.
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