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.
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First Horizon Corporation (NYSE: FHN) announced its transition from USD LIBOR to CME Term SOFR as the reference rate for certain outstanding securities after June 30, 2023. This change comes after the UK’s Financial Conduct Authority confirmed the cessation of USD LIBOR publication. As part of the transition, the LIBOR Act will disregard fallback language in existing contracts, ensuring automatic conversion to CME Term SOFR plus a spread adjustment of 0.26161%. The applicable securities include various series of preferred stocks and trust preferred securities. With approximately $80.7 billion in assets, First Horizon remains a leading regional financial services provider, operating across 12 southern U.S. states. The company is recognized for its strong workplace reputation and commitment to customer service.