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.
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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