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 (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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