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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

Amanda West Honored by American Bankers Association with Inaugural Emerging Leader Award

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Amanda West of First Horizon Corporation has been honored with the 2023 ABA Emerging Leader Award by the American Bankers Association. West and 11 other winners were recognized for their commitment to achievement and service in the banking industry and their local communities. The winners were selected by a diverse steering committee based on criteria such as dedication to the profession, leadership skills, and academic training.
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American Banker names Hope Dmuchowski one of 2023's The Most Powerful Women in Banking™ honorees

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Hope Dmuchowski, CFO of First Horizon Corporation, has been recognized as one of 2023's The Most Powerful Women in Banking to Watch by American Banker. The initiative honors individuals and teams for exceptional leadership skills, strong business performance, and commitment to diversity, equity, and inclusion in financial services. The honorees were celebrated at a gala in New York City as part of a week-long conference.
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First Horizon Names Velia Carboni to Board of Directors

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First Horizon Corporation announces the election of Velia Carboni to its Board of Directors. Carboni, currently the Chief Digital and Technology Officer of VF Corporation, brings expertise in digital innovation, technology, cyber security, customer experience, and data analytics. She will help guide the company's investments in technology and process improvements.
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First Horizon Corporation Reports Third Quarter 2023 Net Income Available to Common Shareholders of $129 Million, or EPS of $0.23; $150 Million, or $0.27, on an Adjusted Basis*

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First Horizon Corporation reports third quarter 2023 net income available to common shareholders of $129 million or EPS of $0.23 ($150 million or $0.27 on an adjusted basis).
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First Horizon Announces Results of its 2023 Company-Run Stress Test

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First Horizon Corporation announces strong stress test results, maintaining capital ratios well above regulatory minimums.
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First Horizon Corporation to Announce Third Quarter Financial Results on October 18, 2023

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First Horizon Corporation plans to announce third quarter financial results on October 18, 2023.
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First Horizon Recognized by BLACK EOE JOURNAL in 2023 Annual Best of the Best

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First Horizon Corporation recognized as a 2023 Best of the Best Employer by Black EOE Journal
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First Horizon Recognized by HISPANIC Network Magazine in 2023 Annual Best of the Best

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First Horizon Corporation recognized as a Best of the Best Employer by HISPANIC Network Magazine
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First Horizon Recognized by Professional Women's Magazine in 2023 Annual Best of the Best

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First Horizon Corporation receives award for Top Employer for Women
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First Horizon Named on FORBES Best-In-State Employer Lists

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First Horizon Corp. recognized as Best-In-State Employer in Tennessee by Forbes and Statista Inc.
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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