First Horizon Corporation - FHN STOCK NEWS

First Horizon Corp. (NYSE: FHN) has been recognized on TIME Magazine's inaugural list of America's Best Mid-Size Companies 2024. The list, created in partnership with Statista, evaluated companies based on three dimensions: employee satisfaction, revenue growth, and sustainability transparency.

To qualify, companies had to operate in the United States, generate between $100 million and $10 billion in revenue in 2022 or 2023, and show positive revenue growth over the last three years. The evaluation included data from approximately 170,000 employee surveys and Statista's revenue database.

Bryan Jordan, Chairman, President and CEO of First Horizon, expressed honor at the recognition, attributing it to the team's dedication and commitment to associates, clients, communities, and shareholders.

First Horizon (NYSE: FHN) reported strong second quarter 2024 results with net income available to common shareholders of $184 million or EPS of $0.34. Adjusted earnings were $195 million or $0.36 per share, up $0.01 from the prior quarter. The company achieved a 2Q24 ROTCE of 11.3% and an Adjusted ROTCE of 12.0%. Tangible Book Value per Share increased to $12.22, up $0.06 quarter-over-quarter.

CEO Bryan Jordan highlighted solid performance in net interest income and banking fee growth. The company returned $212 million of capital to shareholders in Q2. First Horizon continues to make progress on strategic investments while identifying operational efficiencies to enhance client experience and financial performance.

First Horizon Bank, listed on NYSE as FHN, has been honored with the bronze 2022-23 U.S. President's Volunteer Service Award by Junior Achievement USA (JA). The award, recognizing significant volunteer contributions, was presented to 70 organizations at the JA Volunteer Summit on June 11, 2024, in Washington, DC. First Horizon surpassed the required 1,500 volunteer hours, a 500-hour increase from the previous year. Tanya Hart, EVP and CHRO at First Horizon, commended JA for their innovative volunteer programs and affirmed the bank's commitment to financial education. The full list of award recipients is available online.

First Horizon Bank has been honored on the Forbes list of America's Best-In-State Banks 2024, as announced on June 18, 2024. The recognition is a result of a comprehensive survey conducted by Forbes and Statista Inc., which included responses from approximately 26,000 U.S. residents who evaluated banks based on trust, terms, branch services, digital services, customer service, and financial advice. The survey contributed 80% of the ranking score, while publicly available reviews made up the remaining 20%. Bryan Jordan, Chairman, President and CEO of First Horizon, expressed pride in this accolade, emphasizing the importance of trust and reputation for financial institutions.

First Horizon Foundation, in celebration of its 160th anniversary, has awarded $1.6 million to 160 nonprofit organizations through its Grants for Good campaign. Each nonprofit received a $10,000 grant for their significant contributions to community development and stability. The campaign, which garnered over 3,500 applications, aimed to support initiatives that uplift those in need, foster sustainable growth, and enhance community resilience. The recipients were selected by a panel of First Horizon associates. For more details, visit the First Horizon Foundation's website at www.firsthorizonfoundation.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.