Welcome to our dedicated page for First Horizon Corporation news (Ticker: FHN), a resource for investors and traders seeking the latest updates and insights on First Horizon Corporation stock.
First Horizon Corporation (NYSE: FHN) is a regional financial services company headquartered in Memphis, Tennessee, with its primary banking subsidiary operating as First Horizon Bank. This news page aggregates coverage related to FHN, giving readers a focused view of company developments across its commercial banking, consumer banking, wealth and trust management, capital markets, fixed income and mortgage banking activities.
News about First Horizon frequently centers on financial results and earnings communication. The company regularly announces quarterly and full-year earnings, accompanied by detailed releases and investor slide presentations that are also furnished to the SEC on Form 8-K. These updates often discuss net income available to common shareholders, earnings per share, adjusted results that exclude notable items, and commentary on revenue strength, credit performance and capital position.
Another recurring theme in First Horizon’s news flow is leadership and governance. The company issues announcements about new market presidents, regional presidents and senior executives in areas such as consumer distribution, ATM strategy and consumer sales. It also reports on additions to its Board of Directors, describing the professional backgrounds of new independent directors and related changes to board size and committee assignments.
Readers can also expect news related to strategic positioning and recognition, including participation in financial services conferences and recognition of company leaders in industry programs. These stories often highlight First Horizon’s role as a regional financial services company with operations concentrated in the southern U.S. For investors and observers, following FHN news provides insight into the company’s performance, leadership priorities and ongoing activities in its core banking and capital markets businesses.
First Horizon Corporation (NYSE: FHN) announced that President and CEO Bryan Jordan will speak at the KBW Winter Financial Services Symposium on February 17, 2022, at 11:30 am ET. A live webcast and an audio replay will be available on the company's investor relations website. The company, headquartered in Memphis, TN, has approximately $89.1 billion in assets and provides a range of financial services across 12 states. First Horizon has received recognition as a top employer and reputable bank.
First Horizon Corporation (NYSE: FHN) reported a fourth quarter 2021 net income available to common shareholders of $219 million, or $0.40 per share, down from $224 million and $0.41 in the previous quarter. After adjusting for notable items related to the IBERIABANK merger, the adjusted net income was $260 million, a decrease from $275 million. For the full year 2021, total net income reached $962 million, compared to $822 million in 2020, with notable items leading to a net reduction of $179 million.
First Horizon Corporation (NYSE:FHN) will announce its fourth quarter and full year 2021 financial results on January 20, 2022, at approximately 6:45 am ET. The announcement will include a live conference call at 9:30 am ET, which can be accessed by dial-in or via a webcast at ir.firsthorizon.com. A replay will be available from noon CT on January 20 until February 3. As of September 30, 2021, First Horizon held $88.5 billion in assets.
First Horizon Corporation (NYSE: FHN) announced participation at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 1:00 pm ET. President and CEO Bryan Jordan will represent the company, with a live webcast and audio replay available on their investor relations website. The company, with $88.5 billion in assets as of September 30, 2021, operates in 12 states and offers a range of financial services. First Horizon is recognized for its positive workplace environment and reputation.
First Horizon Corporation (NYSE: FHN) announced the appointment of Hope Dmuchowski as its new Chief Financial Officer effective November 29, 2021. Dmuchowski joins from Truist Financial Corporation, where she served as Executive Vice President, handling financial planning and analysis. Bringing extensive experience in finance, she aims to enhance First Horizon’s strategy and operational efficiencies. President and CEO Bryan Jordan praised her merger integration expertise, which could benefit the company as it navigates a competitive landscape.
First Horizon Bank announced the appointment of Todd Williams as Market President for the Piedmont Triad and Ben Shoemake for the Greensboro/High Point market. These strategic hires are part of the bank's commitment to enhance its presence in the region. Williams, with over 20 years in commercial lending, previously served as Triad Market Executive at Atlantic Union Bank. Shoemake brings significant experience from First Citizens Bank. The bank operates 24 locations and holds $2 billion in deposits in the Piedmont Triad, aiming for localized decision-making and leadership.
First Horizon Corporation (NYSE: FHN) will have its President of Regional Banking and interim CFO, Anthony Restel, participate in the Bank of America 2021 Banking and Financials Conference on November 9, 2021, at 11:20 am ET. A live webcast and audio replay will be available on their investor relations website. With $88.5 billion in assets as of September 30, 2021, First Horizon operates across 12 southern U.S. states and offers a variety of financial services. The company is recognized for its workplace culture and reputation among banks.
First Horizon Corporation (NYSE: FHN) has authorized a $500 million increase in its existing share repurchase program, bringing total repurchase capacity to approximately $727 million. This decision reflects the company's strong capital position and commitment to enhancing shareholder returns. Additionally, the board declared a quarterly dividend of $0.15 per share, payable on January 3, 2022. The share buybacks will depend on various factors including financial performance and market conditions, and the program's expiration has been extended to October 31, 2023.
On October 21, 2021, First Horizon Foundation announced a lead gift of $1 million to support conservation efforts along the Mississippi River floodplains, particularly at the Memphis/Arkansas state line. This initiative, in collaboration with Big River Park Conservancy, Ducks Unlimited, and TennGreen Land Conservancy, aims to acquire and restore 1,500 acres of land. The project will enhance recreational opportunities and environmental quality for the community. With a focus on environmental sustainability, First Horizon continues to demonstrate its commitment to community welfare through its Corporate Social Responsibility strategy.
First Horizon Corporation (FHN) reported a third-quarter 2021 net income available to common shareholders of $224 million, or $0.41 per share, down from $295 million or $0.53 in the previous quarter. Notable items related to the IBERIABANK Merger impacted results, contributing a $51 million after-tax reduction. Adjusted net income was $275 million, a decline from $321 million in Q2. However, the firm experienced a 1% increase in core net interest income and noted loan growth of 1% before PPP impacts, highlighting resilience amidst a challenging interest rate environment.