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First Horizon Corporation - FHN STOCK NEWS

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.

News

First Horizon Corporation's Momentum Continues with Strong First Quarter 2024 Results; Net Income Available to Common Shareholders of $184 Million or EPS of $0.33; $195 Million or $0.35 on an Adjusted Basis - up 9% Over Prior Quarter*

Rhea-AI Summary
First Horizon reported strong first quarter 2024 results with net income available to common shareholders of $184 million or EPS of $0.33, up 9% over the prior quarter. Adjusted net income available to common shareholders was $195 million or $0.35 per share. The company achieved a 10% growth in adjusted net income, positive operating leverage, stable credit quality, and strong capital and liquidity positions. The Chairman, President, and CEO expressed confidence in the organization's ability to deliver exceptional results to shareholders.
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Vernon Stafford and Tanya Hart recognized in Savoy Magazine's 2024 Most Influential Executives in Corporate America

Rhea-AI Summary
First Horizon 's executives Vernon Stafford and Tanya Hart were recognized as the 2024 Most Influential Executives in Corporate America by Savoy Magazine. Stafford is the senior executive vice president and chief audit executive, while Hart is the executive vice president and chief human resources officer. Both were praised for their positive impact and leadership in their respective roles.
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First Horizon Corporation Names Thomas Hung Chief Credit Officer, Susan Springfield Announces Retirement

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First Horizon appoints Thomas Hung as Chief Credit Officer and announces Susan Springfield's retirement. Hung, with extensive financial services experience, will succeed Springfield effective October 1, 2024. The succession plan aims for a seamless transition, leveraging Hung's background in franchise finance and credit expertise.
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Tracy Bell named Chief Investment Officer of First Horizon Advisors Inc.

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First Horizon (NYSE: FHN) announces Tracy Bell as Chief Investment Officer of First Horizon Advisors Inc., bringing 27 years of investment experience. Bell will lead the investment team and Women & Wealth client initiative.
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Martin de Laureal Named President of First Horizon Advisors, Inc. and Head of Private Banking of First Horizon Bank

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First Horizon appoints Martin de Laureal as President of First Horizon Advisors, Inc., leading the Wealth Management and Private Banking divisions. De Laureal brings extensive experience from IBERIABANK and Scotia Howard Weil, focusing on Investment Management, Brokerage, Trust, Financial Planning, and Family Office services. His community involvement and leadership roles add value to the company's growth strategy under Bryan Jordan's guidance.
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First Horizon Bank Announces First-of-its-Kind Collaboration with The Home Edit

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First Horizon collaborates with The Home Edit to launch THE Money Edit, a digital resource focusing on financial organization and literacy. The collaboration aims to help people achieve financial success by combining organizational expertise with financial know-how.
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First Horizon Corporation Announces Redemption of Series D Preferred Stock and Corresponding Series D Depositary Shares

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First Horizon (FHN) announces the redemption of all outstanding shares of its 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D, and related depositary shares on May 1, 2024. The redemption price is set at $25.00 per Series D Depository Share, totaling $10,000 per share of Series D Preferred Stock. Accrued dividends will not be included in the redemption price. The regular Series D semi-annual dividend declared in January will be paid separately on May 1, 2024.
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First Horizon Corporation to Announce First Quarter Financial Results on April 17, 2024

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First Horizon (FHN) is set to announce its first quarter financial results on April 17, 2024. The release will be available on their website with a live conference call and webcast. The announcement may contain forward-looking financial information.
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First Horizon Foundation Celebrates the Company's 160th Anniversary with $1.6 Million in Donations

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First Horizon Foundation launches Grants for Good, awarding $10,000 to 160 nonprofits advancing community development. The initiative celebrates First Horizon Corp.'s 160th anniversary, supporting impactful community projects.
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First Horizon Bank Survey Reveals a New Era of Women's Financial Empowerment

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First Horizon Corp. (FHN) reveals a shift towards financial empowerment among women in the Southeastern United States, with younger generations showing growing confidence. Key findings include high financial knowledge ratings among respondents and increasing independence in financial decisions.
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FAQ

What is the current stock price of First Horizon Corporation (FHN)?

The current stock price of First Horizon Corporation (FHN) is $20.93 as of November 22, 2024.

What is the market cap of First Horizon Corporation (FHN)?

The market cap of First Horizon Corporation (FHN) is approximately 11.1B.

What does First Horizon Corporation do?

First Horizon Corporation is a regional financial services company offering commercial, private, consumer banking, small business services, wealth and trust management, retail brokerage, capital markets, and mortgage banking services.

Where is First Horizon Corporation headquartered?

First Horizon Corporation is headquartered in Memphis, Tennessee.

How many branches does First Tennessee Bank have?

First Tennessee Bank, a subsidiary of First Horizon Corp, has around 200 branches primarily in Tennessee.

What are the recent financial results of First Horizon Corporation?

For the third quarter of 2023, First Horizon reported a net income of $129 million, demonstrating strong performance and resilience.

What is the significance of First Horizon's 2023 stress test results?

The 2023 stress test results showed First Horizon's ability to maintain capital ratios well above regulatory minimums, reflecting strong risk management and financial health.

In which states does First Horizon Bank operate?

First Horizon Bank operates in 12 states across the southern United States.

Has First Horizon Corporation received any notable recognition?

Yes, 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.

What is the primary source of revenue for First Horizon Corporation?

The primary source of revenue for First Horizon Corporation is First Tennessee Bank, contributing approximately 65% of the company's revenue.

How can I access First Horizon Corporation's financial reports?

Financial reports and other investor-related information can be accessed on First Horizon Corporation's investor relations website at ir.firsthorizon.com.

What is the mission of First Horizon Corporation?

First Horizon's mission is to provide the best service to its customers, maintain financial integrity, and help customers manage their money effectively.

Stock FHN logo
First Horizon Corporation

NYSE:FHN

FHN Rankings

#818 Ranked by Market Cap
#1062 Ranked by Dividends

FHN Stock Data

11.08B
524.48M
0.88%
82.62%
1.34%
Banks - Regional
National Commercial Banks
Link
United States of America
MEMPHIS