First Horizon Bank Names Craig Bechtel Specialty Director and Group Head of Its Corporate Healthcare Team

First Horizon Bank (NYSE:FHN) appointed Craig Bechtel as Specialty Director and Group Head of its Corporate Healthcare team.

Rhea-AI Summary

First Horizon Bank (NYSE:FHN) appointed Craig Bechtel as Specialty Director and Group Head of its Corporate Healthcare team. He will lead strategic efforts to provide tailored capital and financial solutions for healthcare companies across the United States, reinforcing the bank's focus on healthcare clients.

Key Figures

Net income: $956 million Earnings per share: $1.87 CET1 capital ratio: 10.63% +5 more

Net income

$956 million

Net income to common shareholders, 2025

Earnings per share

$1.87

EPS for 2025, up 38% from 2024

CET1 capital ratio

10.63%

Regulatory capital measure cited in 2026 proxy

Total shareholder return

22.12%

One-year TSR highlighted in 2026 proxy

Capital returned

>$1.2 billion

Buybacks and dividends during 2025

Quarterly dividend

$0.17 per share

Dividend per share beginning April 2026, up from $0.15

Depositary shares offered

16,000,000 shares

Series H preferred stock offering via depositary shares

Preferred dividend rate

6.750% per annum

Non-cumulative dividend on Series H preferred liquidation preference

Historical Context

5 past events · Latest: Jun 17

5 events

1. Jun 17

   Earnings date notice

   24h Move

   +0.4%

   Announcement of Q2 2026 earnings release and conference call timing.

2. Jun 17

   Leadership expansion

   24h Move

   -0.8%

   New leadership roles announced to grow Atlanta and North Florida presence.

3. Jun 16

   Awards & recognition

   24h Move

   -0.8%

   CityBusiness Reader Rankings recognition for small business and business banking.

4. Jun 10

   Community governance

   24h Move

   -0.1%

   Banker joining Habitat for Humanity STW board, reinforcing community engagement.

5. Jun 08

   Commercial hire

   24h Move

   +1.1%

   Experienced commercial relationship manager hired to deepen Acadiana market coverage.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-cumulative, perpetual preferred stock, regulatory capital event, liquidation preference, +2 more

6 terms

non-cumulative financial

"Dividends on the Series H Preferred Stock are non-cumulative, payable only if declared"

Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.

perpetual preferred stock financial

"Series H Non-Cumulative Perpetual Preferred Stock, with a liquidation preference"

A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.

regulatory capital event regulatory

"redeemable by the issuer on or after April 10, 2031 or following a "Regulatory Capital Event""

An event where a regulator forces or signals that a bank, insurer or similar firm must change its capital position—for example by raising money, converting debt to equity, cutting dividends, or writing down assets—because it no longer meets required financial strength rules. Investors care because it can dilute existing shares, reduce payouts, change control or indicate higher risk, like a household suddenly needing to boost its emergency fund after a lender’s warning.

liquidation preference financial

"with a liquidation preference of $100,000 per share"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

depositary shares financial

"offering 16,000,000 depositary shares, each representing a 1/4,000th interest"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

cet1 capital ratio financial

"The CET1 capital ratio was 10.63%, one-year total shareholder return was 22.12%"

The CET1 capital ratio measures a bank’s core equity (common shares and retained earnings) as a share of its assets after those assets are adjusted for how risky they are. It shows how big a financial cushion the bank has to absorb losses without needing outside help, so investors use it like a fuel gauge: higher ratios mean more protection against bad loans or market shocks and lower chances of forced capital raises or regulatory action.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEMPHIS, Tenn., June 18, 2026 /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced it has appointed Craig Bechtel to Specialty Director and Group Head of its Corporate Healthcare team, further strengthening the bank's commitment to serving healthcare companies across the United States.

In this role, Bechtel will lead First Horizon's Corporate Healthcare team, building on the group's expertise and long-standing experience as a provider of capital and financial services to healthcare clients nationwide. He will guide the team's strategic efforts to deliver tailored financial solutions that support the growth, operational goals and evolving needs of companies across the healthcare sector.

"Craig brings tremendous industry knowledge, a client-first mindset and a highly strategic approach to delivering solutions for healthcare companies," said Kevin Beeson, Executive Vice President and Director of Specialty Banking for First Horizon. "His depth of experience and proven ability to understand clients' goals make him exceptionally well positioned to lead our corporate healthcare team and continue expanding the value we provide to clients across the country."

About First Horizon 
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-horizon-bank-names-craig-bechtel-specialty-director-and-group-head-of-its-corporate-healthcare-team-302804913.html

SOURCE First Horizon Bank

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Craig Bechtel and what role did First Horizon (NYSE:FHN) give him in June 2026?

Craig Bechtel was appointed Specialty Director and Group Head of First Horizon’s Corporate Healthcare team. According to First Horizon, he will lead the group’s strategic efforts to serve healthcare clients and deliver tailored financial solutions nationwide.

What is the Corporate Healthcare team at First Horizon (FHN) responsible for?

The Corporate Healthcare team focuses on providing capital and financial services to healthcare companies. According to First Horizon, the group leverages healthcare expertise and long-standing experience to support clients’ growth, operational goals, and evolving needs across the U.S. healthcare sector.

How will Craig Bechtel’s appointment impact First Horizon’s healthcare banking strategy?

Craig Bechtel will guide strategic efforts to deliver customized financial solutions to healthcare companies. According to First Horizon, his leadership aims to build on the team’s expertise and expand the value provided to healthcare clients nationwide through focused capital and banking services.

Why did First Horizon choose Craig Bechtel to lead its Corporate Healthcare team?

First Horizon cited Craig Bechtel’s industry knowledge, client-first mindset, and strategic approach as key reasons. According to First Horizon, his depth of experience and ability to understand client goals position him well to lead and grow the corporate healthcare franchise.

What does First Horizon’s new Corporate Healthcare leadership mean for healthcare clients?

Healthcare clients can expect continued focus on tailored capital and financial solutions. According to First Horizon, Craig Bechtel will help align services with clients’ growth, operational objectives, and changing sector needs, aiming to enhance support for healthcare companies across the United States.