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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 to Participate at the Raymond James 45th Annual Institutional Investors Conference

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First Horizon Corporation's CFO to participate in Raymond James 45th Annual Institutional Investors Conference on March 4, 2024.
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COO Tammy LoCascio Named Woman of Impact

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First Horizon Bank's COO, Tammy LoCascio, named Woman of Impact by American Heart Association of the Mid South for her dedication to raising awareness and funds for women's heart health. First Horizon Foundation has contributed $900,000 to AHA, with 30% allocated to the Mid South chapter. Bryan Jordan, Chairman and CEO, serves as 2024 Heart of Memphis and Centennial Celebration Mid South Heart Ball Chairman.
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First Horizon Names FedEx CFO, John Dietrich, to its Board of Directors

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First Horizon Corporation (NYSE: FHN) announced the election of John W. Dietrich, Executive Vice President and CFO of FedEx, to its Board of Directors. Dietrich brings extensive financial and executive leadership experience. The company also announced the retirement of two esteemed directors, John N. Casbon and William H. Fenstermaker, effective at its 2024 annual meeting of shareholders.
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First Horizon Corporation Reports Full Year 2023 Net Income Available to Common Shareholders of $865 Million or EPS of $1.54; $806 Million or $1.43 on an Adjusted Basis*

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First Horizon Corporation (FHN) reported a 4% increase in period end deposits and a 5% growth in period end loans in 2023. The net income available to common shareholders for the fourth quarter of 2023 was $175 million, or $0.31 per share, and $178 million, or $0.32 per share on an adjusted basis. The return on tangible common equity (ROTCE) for 4Q23 was 10.9%, and the adjusted ROTCE was 11.1%. The tangible book value per share was $12.13, up 8% quarter over quarter. The full-year 2023 net income available to common shareholders was $865 million, or $1.54 per share, compared to $868 million, or $1.53 per share in 2022. The company reported strong results and demonstrated the ability to execute strategic priorities amidst economic headwinds. First Horizon remains focused on credit discipline and expects to continue performing well over the cycle.
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First Horizon Corporation to Announce Fourth Quarter and Full Year Financial Results on January 18, 2024

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First Horizon Corporation (NYSE: FHN) will announce its fourth quarter and full year 2023 financial results on January 18, 2024. The news release and supplemental materials will be available at ir.firsthorizon.com. FHN management will host a live conference call and webcast presentation on the same day. The call will include forward-looking information, including a financial outlook.
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Stanton Brown Named to COLOR Magazine's POWERLIST: 40 Under 40

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First Horizon Corporation (NYSE: FHN) announces that Stanton Brown, Asset Based Lending Relationship Manager, has been recognized by Color Magazine in its 2023 Power 40 Under 40 list. The publication highlights rising leaders of color in business, arts, and community who are transforming their industries and forwarding the principles of Diversity, Equity, Inclusion, and Belonging. Stanton has a proven track record as a community-focused relationship manager and volunteer leader, co-chairing the Black Inclusion Guild (BIG) associate resource group and significantly increasing members' engagement.
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First Horizon recognized by the American Heart Association for building a culture of health and well-being

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First Horizon Corp. (NYSE: FHN) receives Gold level recognition in the 2023 Workforce Well-being Scorecard™ by the American Heart Association. The company's commitment to employee health and well-being is acknowledged, aligning with best practices in mental health support, addressing burnout, financial well-being, and health equity considerations.
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First Horizon Corporation to Participate at the Goldman Sachs Financial Services Conference 2023

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First Horizon Corporation (NYSE: FHN) to Participate at Goldman Sachs Financial Services Conference on December 5, 2023
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First Horizon Recognized as a Top 100 Best Adoption-Friendly Workplace for 15th consecutive year

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First Horizon Corp (NYSE: FHN) Earns Spot on Best Adoption-Friendly Workplaces List by Dave Thomas Foundation for Adoption
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First Horizon Named a Winner of a 2023 Webex Champion Award

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First Horizon Corporation (NYSE: FHN) Receives 2023 Webex Champion Award for Customer Experience Extraordinaire. First Horizon leverages Webex Contact Center solutions to reimagine the customer journey and create customer delight. The award was received at WebexOne 2023, recognizing the company's commitment to providing an excellent customer experience.
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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