First Horizon Corporation Stock Price, News & Analysis

First Horizon Corporation (NYSE: FHN) announced a quarterly cash dividend of $0.15 per share for common stock, payable on October 3, 2022, to shareholders of record by September 9, 2022. Additionally, preferred stock dividends were declared for Series C, D, E, and F, with payments ranging from $0.29375 to $0.4125 per Depositary Share, payable on October 11, 2022 and November 1, 2022. The company reported $85.1 billion in assets as of June 30, 2022.

First Horizon Corporation (NYSE: FHN) reported second quarter 2022 net income of $166 million, or $0.29 per share, a decrease from $187 million or $0.34 in the prior quarter. Adjusted net income was $195 million, down from $211 million. Despite strong net interest income and expense discipline, notable items led to a net impact of $29 million. Total assets reached $85.1 billion, showcasing resilience in high-growth markets and specialty lending.

First Horizon Corporation (NYSE: FHN) has published its Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) Impact Report for 2021 and early 2022. The report outlines progress across five key pillars: Governance, Associates, Clients, Communities, and Environment. Notable achievements include assigning ESG oversight to the board, calculating GHG emissions, and investing over $19 million in community initiatives. The company emphasizes its commitment to sustainable economic growth and enhancing stakeholder value.

First Horizon Corporation (NYSE: FHN) announced shareholder approval for The Toronto-Dominion Bank (TD) to acquire it, with the transaction expected to close in Q1 of TD's 2023 fiscal year, pending regulatory approvals. The CEO, Bryan Jordan, emphasized the deal's strategic benefits and the value it brings to stakeholders. The press release includes cautionary notes about forward-looking statements related to potential risks that could affect the transaction's completion, including regulatory hurdles and market conditions.

First Horizon Corporation (NYSE: FHN) has announced a quarterly common stock dividend of $0.15 per share, payable on July 1, 2022, to shareholders of record by June 10, 2022. The company also declared cash dividends for its preferred stock series, including Series B with $331.25 per share, Series C at $165.00, Series E at $1,625.00, and Series F at $1,175.00 per share. Additionally, a $9.47917 quarterly dividend for First Horizon Bank's Class A Preferred Stock is also set for July 11, 2022, with a record date of June 24, 2022.

First Horizon Corp. (NYSE: FHN) announced the winners of its Back to Business Contest, awarding $1 million in cash prizes to 48 small businesses across 16 regions, including Alabama, Arkansas, Florida, Georgia, Louisiana, and Texas. The contest, aimed at supporting resilient businesses, received 2,300 entries and recognized winners based on public voting. Prizes ranged from $30,000 for first place to $5,000 for sweepstakes winners. The company emphasizes its commitment to fostering local communities through financial support.

First Horizon Corporation (NYSE: FHN) reported a first quarter 2022 net income of $187 million, or $0.34 per share, down from $219 million and $0.40 per share in the previous quarter. Adjusted net income fell to $211 million or $0.38 per share, compared to $260 million or $0.48 per share in Q4 2021. The decline was attributed to lower provision credit. The company also reported a ROTCE of 13.0% and an adjusted ROTCE of 14.7%, with a tangible book value per share of $10.46.

CEO Bryan Jordan noted successes in loan growth and integration efforts, while expressing concern over global uncertainties.

First Horizon Corporation (NYSE: FHN) announced a revised date for releasing its first-quarter financial results, now set for April 19, 2022, after market close. This change comes amid a proposed transaction with TD Bank Group. Importantly, FHN management will not conduct conference calls related to the earnings materials. As of December 31, 2021, the company held $89.1 billion in assets and operates in 12 states, offering various banking and financial services. Earnings materials will be accessible on their website.