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 (NYSE: FHN) has appointed Tyler Craft as Head of Investor Relations, effective January 1, 2025, succeeding Natalie Flanders. Craft, currently Director of Transformation - Fintech and Emerging Technology, will report to CFO Hope Dmuchowski. During his 14-year tenure, Craft has led fintech initiatives, including robotic process automation and AI implementations. He previously served as Director of Product at Capital Bank. Natalie Flanders, who served as Head of Investor Relations for 18 months, will transition to Director of Credit & Financial Risk in the Risk Organization.
First Horizon Foundation has announced a $200,000 commitment to support hurricane relief efforts in Florida's coastal communities affected by Hurricane Helene and Hurricane Milton. The funds will be distributed through United Way Suncoast Disaster Recovery Fund, United Way Town of Palm Beach Hurricane Recovery Fund, and the Craft Emergency Relief Fund.
Florida Regional President Marty Lanahan emphasized the bank's commitment to providing resources and support to associates, families, clients, and communities. United Way Suncoast CEO Jessica Muroff expressed gratitude for the partnership, highlighting how such support enables community rebuilding efforts.
First Horizon (NYSE: FHN) announced its participation in the upcoming Goldman Sachs Financial Services Conference 2024. Chairman, President, and CEO Bryan Jordan, along with CFO Hope Dmuchowski, will represent the company at the event on December 10, 2024, at 3:40 pm ET.
The company will provide a live webcast of the event, with an audio replay available through First Horizon's Investor Relations website in the events and presentations section.
First Horizon (NYSE: FHN) announced that Jaime Dunn, Director of Executive Compensation & Equity Administration, has won the Memphis Business Journal's 2024 HR Impact Award in the public company category. The award recognizes HR professionals who positively impact workplaces and create productive environments. Dunn leads compensation programs at First Horizon to attract and retain talent. She also contributes to the Memphis community through financial literacy education for underserved children and support of local artists and businesses.
First Horizon has been named to the Forbes Best-in-State Employers 2024 list for Tennessee. The recognition comes from an independent survey conducted by Forbes and Statista Inc., involving over 160,000 employees from companies with at least 500 workers in the U.S. Bryan Jordan, Chairman, President and CEO, emphasized that the company's success stems from their associates' dedication to exceptional client service. The award acknowledges First Horizon as an organization fostering employee value, inspiration, and growth potential.
First Horizon (NYSE: FHN) has announced the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024. Wiseman will transition to the General Counsel position on January 1, 2025, succeeding Charles Tuggle, who will retire in 2025 after 16 years of service. Wiseman joins from Baker Donelson Bearman Caldwell & Berkowitz, P.C., bringing extensive experience in various sectors, including financial services.
Bryan Jordan, President, Chairman, and CEO of First Horizon, expressed enthusiasm for Wiseman's appointment, citing his experience and strategic mindset as important for navigating the dynamic political and regulatory environment. Wiseman's background includes serving as Deputy Governor and Chief Counsel under Governor Bill Lee and founding partner of Wiseman Bray PLLC. He has also held various civic and nonprofit leadership roles.
First Horizon (NYSE: FHN) has announced that Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio will participate in the BancAnalysts Association of Boston Conference on November 7, 2024, at 1:30 pm ET.
The event will be accessible via a live webcast, with an audio replay available afterwards. Interested parties can access these through the events and presentations section of the First Horizon Investor Relations website.
The company has noted that the presentation and any related materials may contain forward-looking statements or other important information for investors.
First Horizon Corp. (NYSE: FHN) announced that Susan Springfield, the company's Chief Credit Officer, has been named one of Memphis Business Journal's Women Who Lead. This recognition honors women in leadership roles in public and private companies. Springfield, with over 30 years of experience in the financial services industry, is set to retire soon. She highlighted mentoring and developing others as one of her most rewarding achievements.
Bryan Jordan, First Horizon's Chairman, President and CEO, congratulated Springfield on this honor, praising her contributions to the organization and community. He emphasized that a true leader invests in others' growth, noting that Springfield's impact on her mentees is measured by the lasting influence they have on others.
FHN Financial has announced key hires to expand its capabilities in the Project Finance sector of the municipal market. The firm has recruited Howard Manning as Managing Director and national lead banker for Project Finance transactions, Stan Rosendahl as Executive Director to expand coverage across sectors nationally, and Alana Zimmerman as Executive Director to work as the lead execution banker for the Project Finance team.
These strategic hires aim to enhance FHN Financial's expertise in specialized municipal sectors, particularly in healthcare. The expansion builds upon recent investments in the Midwest and Northeast regions. Ajay Thomas, Senior Managing Director and Head of Public Finance, expressed excitement about the new team members, stating that they will add depth, structuring expertise, and transaction execution capabilities to the public finance business.
FHN Financial Capital Markets, a division of First Horizon Bank, operates 27 offices across the United States, with Municipal Underwriting and Trading Desks in multiple cities and Public Finance offices in 12 locations.
First Horizon (NYSE: FHN) reported strong third quarter 2024 results with net income available to common shareholders of $213 million or earnings per share of $0.40. Adjusted earnings were $224 million or $0.42 per share, both up $0.06 from the prior quarter. The company achieved a 3Q24 ROTCE of 12.6% and Adjusted ROTCE of 13.2%, with Tangible Book Value per Share increasing by $0.81 to $13.02.
CEO Bryan Jordan highlighted the 18% growth in earnings per share compared to the previous quarter, attributing it to strong performance from counter-cyclical businesses and the company's diversified business model. Credit quality remained stable, with net charge-offs declining for the second consecutive quarter and a modest increase in reserve coverage. The company also emphasized its support for associates, clients, and communities affected by recent hurricanes.