Welcome to our dedicated page for First Horizon news (Ticker: FHN), a resource for investors and traders seeking the latest updates and insights on First Horizon stock.
First Horizon Corporation reports developments in regional banking through its bank subsidiary, First Horizon Bank. The company operates in 12 states concentrated in the southern U.S. and offers commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income and mortgage banking services.
Recurring news includes quarterly results, common and preferred stock dividends, preferred-stock redemptions, and changes affecting depositary shares. Company updates also cover treasury management, commercial banking, business banking and private client banking leadership across its southern U.S. markets.
First Horizon Corp. (NYSE: FHN) has been recognized on TIME Magazine's World's Best Companies list for 2024. The comprehensive analysis, conducted in partnership with Statista, evaluated companies based on three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability (ESG).
The study involved surveys in over 50 countries, with data collected from approximately 170,000 participants. Companies generating a revenue of at least US $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered. ESG performance was evaluated using standardized KPIs from Statista's ESG Database and targeted data research.
Bryan Jordan, Chairman, President and CEO of First Horizon, expressed pride in the company's culture and commitment to delivering value to associates, clients, communities, and shareholders.
First Horizon Corp. (NYSE: FHN) has announced that First Horizon Bank is now the Official Bank of the University of Louisiana at Lafayette Ragin' Cajuns. This five-year agreement expands First Horizon's commitment to the University and includes:
- A Ragin' Cajun Visa Debit card
- Prominent in-venue signage
- Entertainment and hospitality opportunities
- Participation in game day fan activations and experiences, including the new Cajun Village
Jerry Prejean, President of Acadiana for First Horizon, highlighted the bank's investment of more than $2.5 million in recent years towards academic and athletic excellence at ULL. Brian Bille, General Manager of LEARFIELD-based Ragin' Cajuns Sports Properties, expressed excitement about building affinity with fans through this enhanced partnership.
First Horizon (NYSE: FHN) has announced its sponsorship of ABC's 'Extreme Makeover: Home Edition', set to air in 2025. The company will participate in filming episodes in Houston, Orlando, and Phoenix, featuring new hosts Clea Shearer and Joanna Teplin of The Home Edit. As part of the sponsorship, First Horizon will provide $100,000 to new homeowners in select episodes through The Home Fund, supporting long-term stability.
This initiative expands on First Horizon's existing collaboration with The Home Edit, which launched THE Money Edit earlier this year. The partnership aims to combine organizational expertise with financial insight, creating resources for improved financial wellness. First Horizon's involvement underscores its commitment to empowering communities and fostering financial stability through homeownership.
First Horizon (NYSE:FHN) has announced plans to release its third quarter financial results on October 16, 2024. The company will publish a news release and supplemental materials on its investor relations website at approximately 6:45 am ET/5:45 am CT. Following the release, FHN management will host a live conference call and webcast at 9:30 am ET/8:30 am CT to discuss the results.
Investors and analysts can access the webcast through the company's website or join the conference call by dialing 1-833-470-1428 (U.S.) or 404-975-4839 (outside U.S.) with the access code 622725. A replay of the call will be available until October 30th, accessible via phone or the company's website.
First Horizon (NYSE: FHN) has announced its participation in the Barclays 22nd Annual Global Financial Services Conference on September 9, 2024, at 2:00 pm ET. Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will represent the company at this event.
Investors and interested parties can access a live webcast of the presentation through the events and presentations section of First Horizon's Investor Relations website. An audio replay will also be available after the event. The company has noted that the presentation and related materials may contain forward-looking statements and other important information.
First Horizon Corp. (NYSE: FHN) has announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College in Memphis. This initiative is part of a broader education program aimed at investing in future professionals from colleges and universities that contribute to the community's fabric. The scholarship will be awarded annually to a student interested in finance or banking roles who aligns with the company's values of accessibility, connectivity, and enrichment.
In addition to the scholarship, the partnership will offer financial education, professional skill development, and career opportunities tailored to LeMoyne-Owen students. This collaboration underscores First Horizon's commitment to long-term community investment and prioritizing education in the region.
First Horizon (NYSE: FHN) has been recognized on Forbes' list of America's Best Employers for Women 2024. The prestigious award, announced on July 23rd, 2024, is based on an independent survey of over 150,000 women working for U.S. companies with at least 1,000 employees.
The evaluation process considered over 4 million employer assessments, focusing on factors such as workplace atmosphere, diversity, image, salary, and working conditions. Special attention was given to women-specific issues like representation, pay equity, discrimination, flexibility, and parental leave.
Tanya Hart, Executive VP and Chief Human Resources Officer at First Horizon, expressed pride in the company's diverse leadership and commitment to gender diversity, equitable opportunities, and an inclusive work environment. The recognition highlights First Horizon's ongoing efforts to adapt to changing workforce dynamics while maintaining performance goals and work-life balance.
First Horizon Corp. (NYSE: FHN) has renewed its commitment to the University of Tennessee with a 5-year agreement as a Corporate Champion and the Official Bank of the VOLS. The partnership, dating back to 1993, includes an exclusive financial partnership, official Power T premium Visa Debit card design, and various entertainment and hospitality opportunities. The agreement, facilitated by The Vol Network, provides First Horizon with a statewide media strategy across radio, television, print, digital, and social media platforms.
Jim Atchley, Market President for First Horizon Bank, emphasized the bank's 30-year support for the Vols and its commitment to the Knoxville community and the University of Tennessee. Steve Early, VP and GM of the Vol Network, highlighted First Horizon's unmatched corporate partner commitment to Big Orange Athletics and its statewide impact.
First Horizon (NYSE: FHN) has announced the results of its 2024 company-run capital stress test. The test, utilizing the Federal Reserve's 2024 Severely Adverse Scenario, demonstrated that First Horizon would maintain capital ratios well above regulatory-required minimums under hypothetical severe economic downturns. Key highlights include:
- A minimum Common Equity Tier 1 capital ratio of 9.5%, 500 bps above the regulatory minimum
- A loan portfolio stressed loss rate of 2.5%, significantly lower than the 6.8% Federal Reserve-published median DFAST result
- Pre-provision net revenue as a percentage of total assets at 4.6%, exceeding the peer median of 1.9%
These results reflect First Horizon's strong risk discipline, diversified loan portfolio, and countercyclical businesses.
First Horizon Corp. (NYSE: FHN) has been recognized on TIME Magazine's inaugural list of America's Best Mid-Size Companies 2024. The list, created in partnership with Statista, evaluated companies based on three dimensions: employee satisfaction, revenue growth, and sustainability transparency.
To qualify, companies had to operate in the United States, generate between $100 million and $10 billion in revenue in 2022 or 2023, and show positive revenue growth over the last three years. The evaluation included data from approximately 170,000 employee surveys and Statista's revenue database.
Bryan Jordan, Chairman, President and CEO of First Horizon, expressed honor at the recognition, attributing it to the team's dedication and commitment to associates, clients, communities, and shareholders.