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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.

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First Horizon Bank, listed on NYSE as FHN, has been honored with the bronze 2022-23 U.S. President's Volunteer Service Award by Junior Achievement USA (JA). The award, recognizing significant volunteer contributions, was presented to 70 organizations at the JA Volunteer Summit on June 11, 2024, in Washington, DC. First Horizon surpassed the required 1,500 volunteer hours, a 500-hour increase from the previous year. Tanya Hart, EVP and CHRO at First Horizon, commended JA for their innovative volunteer programs and affirmed the bank's commitment to financial education. The full list of award recipients is available online.

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First Horizon Bank has been honored on the Forbes list of America's Best-In-State Banks 2024, as announced on June 18, 2024. The recognition is a result of a comprehensive survey conducted by Forbes and Statista Inc., which included responses from approximately 26,000 U.S. residents who evaluated banks based on trust, terms, branch services, digital services, customer service, and financial advice. The survey contributed 80% of the ranking score, while publicly available reviews made up the remaining 20%. Bryan Jordan, Chairman, President and CEO of First Horizon, expressed pride in this accolade, emphasizing the importance of trust and reputation for financial institutions.

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First Horizon Foundation, in celebration of its 160th anniversary, has awarded $1.6 million to 160 nonprofit organizations through its Grants for Good campaign. Each nonprofit received a $10,000 grant for their significant contributions to community development and stability. The campaign, which garnered over 3,500 applications, aimed to support initiatives that uplift those in need, foster sustainable growth, and enhance community resilience. The recipients were selected by a panel of First Horizon associates. For more details, visit the First Horizon Foundation's website at www.firsthorizonfoundation.com.

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First Horizon Bank, listed on the NYSE as FHN, has been named to the Financial Brand's Power 100 Banks Using Social Media. This ranking evaluates the top 100 banks and credit unions based on their social media activity and community size across Facebook, X, YouTube, and Instagram. The data, collected quarterly, includes metrics such as Facebook likes, X followers, YouTube views, and Instagram posts. Erin Pryor, EVP and Chief Marketing and Experience Officer, highlights the bank's commitment to exceptional customer experiences and valuable content distribution. The recognition underscores First Horizon's strong social media presence among approximately 2,000 banks analyzed by the Financial Brand.

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First Horizon (NYSE:FHN) will announce its second quarter financial results on July 17, 2024. The news release and supplemental materials will be available on their investor relations website at approximately 6:45 am ET/5:45 am CT.

Management will host a live conference call and webcast presentation at 9:30 am ET/8:30 am CT. The webcast will be accessible through their website. For those dialing in, use the number 1-833-470-1428 in the U.S. or 404-975-4839 outside the U.S., with access code 463278.

A replay of the call will be available until July 31st, accessible at 1-866-813-9403 with access code 610953. The webcast replay will also be archived on the website for one year.

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First Horizon (NYSE: FHN) has been named as one of America's Best Employers for New Grads 2024 by Forbes and Statista Inc. The award, announced on May 21, 2024, is based on evaluations from over 100,000 young professionals and public data. Evaluations considered both personal experiences of employees and indirect assessments from friends, family, and industry peers. Tanya Hart, EVP and Chief HR Officer, emphasized the company's commitment to career development and inclusivity. Over 2 million employer evaluations were factored into the ranking.

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First Horizon (NYSE: FHN) announced that its Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will participate in the Morgan Stanley US Financials, Payments & CRE Conference.

The event is scheduled for June 10, 2024, at 2:30 pm ET. A live webcast and an audio replay will be accessible through the First Horizon Investor Relations website.

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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.

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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.

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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.

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FAQ

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.

First Horizon Corporation

NYSE:FHN

FHN Rankings

FHN Stock Data

9.06B
546.87M
0.87%
83.06%
1.93%
Commercial Banking
Finance and Insurance
Link
United States of America
MEMPHIS