First Horizon Corporation Stock Price, News & Analysis

First Horizon Corporation (NYSE: FHN) has announced that it will release its first quarter 2023 financial results after market close on April 18, 2023. The earnings materials will be accessible on their website under Events and Presentations. As of December 31, 2022, First Horizon reported assets totaling $79 billion, positioning itself as a leading regional financial services provider. The company operates across 12 states in the southern U.S. and offers a wide range of banking services. Its reputation has been bolstered by recognition from Fortune and Forbes for being among the best employers and the top 10 most reputable U.S. banks.

First Horizon Bank has launched a new website developed by Mindgruve, a leading digital marketing agency, to enhance its online presence and customer experience. The revamped site features a mobile-first layout, simplified navigation, and improved lead conversion tools. CMO Erin Pryor stated that this initiative aims to streamline customer interactions and boost leads. The new website also includes tools for account management, loan calculations, and financial planning resources. First Horizon, with assets of $89.1 billion as of December 31, 2021, operates in twelve southern states, providing a range of financial services.

TD Bank Group (TD) and First Horizon Corporation (FHN) have agreed to extend the deadline for their proposed merger from February 27 to May 27, 2023. Both banks reaffirm their commitment to the transaction, which seeks to benefit customers and communities. Shareholders of First Horizon voted overwhelmingly in favor, while progress is ongoing regarding community benefit plans. Completion of the merger is contingent upon regulatory approvals in the U.S. and Canada. This extension aims to ensure a seamless integration process and alignment of strategic goals.

Mindgruve, a leading digital marketing agency, received two Platinum Awards at the 2023 AVA Digital Awards for its Let's Find a Way campaign for First Horizon Bank. The campaign, aimed at enhancing brand awareness and client trust, featured real client stories and targeted the bank's newly acquired markets. It achieved significant quarter-over-quarter increases in impression volume and customer acquisition. Mindgruve serves as the agency of record for First Horizon, managing creative, digital media, and web presence. First Horizon has assets of $80.3 billion as of September 30, 2022, and operates across 12 states.

First Horizon Corporation (NYSE: FHN) announced a quarterly common stock dividend of $0.15 per share, payable on April 3, 2023, to shareholders recorded by March 17, 2023. The Company also declared cash dividends on its preferred stock series: Series C at $165.00 per share, Series D at $305.00, Series E at $1,625.00, and Series F at $1,175.00. These payments are scheduled for May 1, 2023, and April 10, 2023. However, the common stock dividend will not be paid if the pending acquisition by TD Bank Group is completed before the record date.

First Horizon Corporation (NYSE: FHN) reported a fourth quarter 2022 net income available to common shareholders of $258 million or earnings per share of $0.45, consistent with the third quarter. Adjusted net income for the fourth quarter increased to $293 million or $0.51 per share, up from $252 million in the previous quarter. Full year net income declined to $868 million compared to $962 million in 2021, impacted by provision expenses. Despite a challenging economic environment, the company achieved strong loan growth and met its annualized cost savings target of $200 million.

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.