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) has been recognized on TIME Magazine's World's Best Companies list for 2024. The comprehensive analysis, conducted in partnership with Statista, evaluated companies based on three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability (ESG).
The study involved surveys in over 50 countries, with data collected from approximately 170,000 participants. Companies generating a revenue of at least US $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered. ESG performance was evaluated using standardized KPIs from Statista's ESG Database and targeted data research.
Bryan Jordan, Chairman, President and CEO of First Horizon, expressed pride in the company's culture and commitment to delivering value to associates, clients, communities, and shareholders.
First Horizon Corp. (NYSE: FHN) has announced that First Horizon Bank is now the Official Bank of the University of Louisiana at Lafayette Ragin' Cajuns. This five-year agreement expands First Horizon's commitment to the University and includes:
- A Ragin' Cajun Visa Debit card
- Prominent in-venue signage
- Entertainment and hospitality opportunities
- Participation in game day fan activations and experiences, including the new Cajun Village
Jerry Prejean, President of Acadiana for First Horizon, highlighted the bank's investment of more than $2.5 million in recent years towards academic and athletic excellence at ULL. Brian Bille, General Manager of LEARFIELD-based Ragin' Cajuns Sports Properties, expressed excitement about building affinity with fans through this enhanced partnership.
First Horizon (NYSE: FHN) has announced its sponsorship of ABC's 'Extreme Makeover: Home Edition', set to air in 2025. The company will participate in filming episodes in Houston, Orlando, and Phoenix, featuring new hosts Clea Shearer and Joanna Teplin of The Home Edit. As part of the sponsorship, First Horizon will provide $100,000 to new homeowners in select episodes through The Home Fund, supporting long-term stability.
This initiative expands on First Horizon's existing collaboration with The Home Edit, which launched THE Money Edit earlier this year. The partnership aims to combine organizational expertise with financial insight, creating resources for improved financial wellness. First Horizon's involvement underscores its commitment to empowering communities and fostering financial stability through homeownership.
First Horizon (NYSE:FHN) has announced plans to release its third quarter financial results on October 16, 2024. The company will publish a news release and supplemental materials on its investor relations website at approximately 6:45 am ET/5:45 am CT. Following the release, FHN management will host a live conference call and webcast at 9:30 am ET/8:30 am CT to discuss the results.
Investors and analysts can access the webcast through the company's website or join the conference call by dialing 1-833-470-1428 (U.S.) or 404-975-4839 (outside U.S.) with the access code 622725. A replay of the call will be available until October 30th, accessible via phone or the company's website.
First Horizon (NYSE: FHN) has announced its participation in the Barclays 22nd Annual Global Financial Services Conference on September 9, 2024, at 2:00 pm ET. Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will represent the company at this event.
Investors and interested parties can access a live webcast of the presentation through the events and presentations section of First Horizon's Investor Relations website. An audio replay will also be available after the event. The company has noted that the presentation and related materials may contain forward-looking statements and other important information.
First Horizon Corp. (NYSE: FHN) has announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College in Memphis. This initiative is part of a broader education program aimed at investing in future professionals from colleges and universities that contribute to the community's fabric. The scholarship will be awarded annually to a student interested in finance or banking roles who aligns with the company's values of accessibility, connectivity, and enrichment.
In addition to the scholarship, the partnership will offer financial education, professional skill development, and career opportunities tailored to LeMoyne-Owen students. This collaboration underscores First Horizon's commitment to long-term community investment and prioritizing education in the region.
First Horizon (NYSE: FHN) has been recognized on Forbes' list of America's Best Employers for Women 2024. The prestigious award, announced on July 23rd, 2024, is based on an independent survey of over 150,000 women working for U.S. companies with at least 1,000 employees.
The evaluation process considered over 4 million employer assessments, focusing on factors such as workplace atmosphere, diversity, image, salary, and working conditions. Special attention was given to women-specific issues like representation, pay equity, discrimination, flexibility, and parental leave.
Tanya Hart, Executive VP and Chief Human Resources Officer at First Horizon, expressed pride in the company's diverse leadership and commitment to gender diversity, equitable opportunities, and an inclusive work environment. The recognition highlights First Horizon's ongoing efforts to adapt to changing workforce dynamics while maintaining performance goals and work-life balance.
First Horizon Corp. (NYSE: FHN) has renewed its commitment to the University of Tennessee with a 5-year agreement as a Corporate Champion and the Official Bank of the VOLS. The partnership, dating back to 1993, includes an exclusive financial partnership, official Power T premium Visa Debit card design, and various entertainment and hospitality opportunities. The agreement, facilitated by The Vol Network, provides First Horizon with a statewide media strategy across radio, television, print, digital, and social media platforms.
Jim Atchley, Market President for First Horizon Bank, emphasized the bank's 30-year support for the Vols and its commitment to the Knoxville community and the University of Tennessee. Steve Early, VP and GM of the Vol Network, highlighted First Horizon's unmatched corporate partner commitment to Big Orange Athletics and its statewide impact.
First Horizon (NYSE: FHN) has announced the results of its 2024 company-run capital stress test. The test, utilizing the Federal Reserve's 2024 Severely Adverse Scenario, demonstrated that First Horizon would maintain capital ratios well above regulatory-required minimums under hypothetical severe economic downturns. Key highlights include:
- A minimum Common Equity Tier 1 capital ratio of 9.5%, 500 bps above the regulatory minimum
- A loan portfolio stressed loss rate of 2.5%, significantly lower than the 6.8% Federal Reserve-published median DFAST result
- Pre-provision net revenue as a percentage of total assets at 4.6%, exceeding the peer median of 1.9%
These results reflect First Horizon's strong risk discipline, diversified loan portfolio, and countercyclical businesses.
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.
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