First Horizon Corporation Stock Price, News & Analysis

First Horizon Corp. (NYSE: FHN) has been recognized as a Great Place to Work®, based on employee feedback regarding their workplace experience. This certification reflects the company's commitment to providing a positive environment for its associates. According to Great Place to Work research, employees at certified workplaces are significantly more likely to enjoy their jobs and feel fairly compensated. With $80.3 billion in assets as of September 30, 2022, First Horizon operates in 12 southern U.S. states, offering a range of financial services and has been acknowledged as one of the best employers by multiple reputable sources.

First Horizon announces that Keva Latham, SVP Director of Compensation, has been recognized in Color Magazine's 2022 Power 40 Under 40 list, celebrating rising leaders in business and community. This accolade honors individuals who demonstrate exceptional leadership and community involvement. Bryan Jordan, President and CEO, commended Latham for her mentoring and community engagement efforts, notably founding the Banking and Buckets Youth Financial Literacy Camp. As of September 30, 2022, First Horizon had $80.3 billion in assets, offering diverse financial services across the southern U.S.

First Horizon Corporation (NYSE: FHN) is set to release its fourth quarter and full year 2022 financial results on January 18, 2023, after market closure. Financial materials will be available on the company's website for investors. As of September 30, 2022, First Horizon reported $80.3 billion in assets, with operations spanning 12 states in the southern U.S. The company has been recognized as one of the nation's top employers and reputable banks.

First Horizon Corporation announced a financial commitment to develop a Blue Carbon Database for coastal habitats in the U.S. Southeast and Gulf of Mexico. The partnership, including the ETSU Research Corporation and S.C. Sea Grant Consortium, aims to create a searchable GIS database featuring shovel-ready projects for Blue Carbon investment. Expected completion is late-2023. The initiative is projected to enhance carbon sequestration and bolster local community resilience and biodiversity. First Horizon seeks to leverage its financial expertise to support nature-based solutions.

First Horizon Corporation reported a significant increase in third quarter net income available to common shareholders, reaching $257 million or $0.45 per share, compared to $166 million or $0.29 per share in the previous quarter. Adjusted results also showed growth, with net income of $252 million or $0.44 per share. Notably, pre-provision net revenue surged by 59% quarter-over-quarter, reflecting strong loan growth and asset sensitivity amidst a robust economic backdrop.

First Horizon Foundation has pledged $500,000 for Hurricane Ian relief efforts to support affected communities. These funds will be allocated to nonprofit organizations addressing urgent needs. Following the storm, the company provided essential supplies and continues to assist its associates through the Associate Relief Fund. Most banking centers in impacted areas are now operational, and ATMs are available in Ft. Myers. The Foundation has donated over $125 million since its inception in 1993, focusing on various community needs.