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) has declared a quarterly cash dividend of $0.15 per share on common stock, payable July 1, 2021. Shareholders must be on record by June 11, 2021. Additionally, the Company announced preferred stock dividends, including $1,550.00 per share on Series A and $331.25 per share on Series B, both payable on August 2, 2021. Series C and Series E preferred stocks also have dividends scheduled, supporting the income for shareholders and reflecting corporate confidence.
DXC Technology (NYSE: DXC) has been selected by First Horizon Bank to provide commercial credit card processing services, targeting a 150% growth in volume. This partnership builds on over a decade of collaboration with IBERIABANK. DXC will offer a comprehensive technology suite, including 24/7 customer support, advanced fraud protection, and a robust card management platform. The relationship reflects First Horizon's commitment to enhancing client experiences and operational efficiency.
First Horizon Corporation reported a first quarter 2021 net income available to common shareholders of $225 million, or $0.40 per share, down from $234 million or $0.42 in Q4 2020. Adjusted earnings increased to $284 million, or $0.51 per share, from $255 million in Q4 2020. The company showed improved credit quality and cost savings of $76 million from merger integration efforts. Tangible book value per share rose to $10.30, a 1% increase. Notable items related to the IBERIABANK merger reduced earnings by $60 million.
First Horizon Corp. (NYSE:FHN) will announce its first quarter financial results on April 21, 2021, before market opening. A conference call is scheduled for 8:30 a.m. CT to discuss earnings and performance trends, available via live webcast. The financial information and presentation will be accessible by 6 a.m. CT on the same day. Investors can participate in the call starting at 8:15 a.m. CT. A replay will be available post-call until May 5, 2021. First Horizon, headquartered in Memphis, TN, manages assets of $84 billion and operates nearly 500 bank locations across the Southeast.
First Horizon Corporation (NYSE:FHN) will have its President and CEO, Bryan Jordan, in a virtual fireside chat at the RBC Capital Markets Global Financials Conference on March 9, 2021, at 2:40 p.m. ET. The event will be webcast live, with an audio replay available for six months after the conference. First Horizon, based in Memphis, TN, boasts $84 billion in assets and nearly 500 bank locations across the Southeast. Known for its employment reputation and extensive financial services, the company emphasizes its commitment to clients and communities.
First Horizon Corporation (NYSE: FHN) announced that CFO William Losch will participate in a virtual conference hosted by KBW on February 11, 2021, at 1:15 p.m. ET. The event will feature a live webcast and an audio replay available for 14 days post-event. Interested parties can access links to the webcast and associated materials through the company's investor relations website. The presentation may involve forward-looking statements subject to risks and uncertainties, as detailed in recent earnings reports and filings. First Horizon is a leading regional financial services company with $84 billion in assets.
On February 2, 2021, First Horizon Bank selected Finxact to enhance its VirtualBank brand through modern core banking solutions. The Memphis-based bank, with $84 billion in assets and over one million customers, is aiming to strengthen its product and service delivery post-merger with IBERIABANK. This conversion to Finxact's cloud core marks a significant step in its modernization strategy, allowing First Horizon to compete more effectively in the evolving financial landscape.
First Horizon Corporation (NYSE: FHN) announced a new share repurchase program authorizing up to $500 million in common stock buybacks following successful 2020 stress tests. CEO Bryan Jordan emphasized a focus on organic growth while balancing share repurchases to enhance shareholder returns. The board also declared a $0.15 quarterly dividend on common stock, payable April 1, 2021, along with cash dividends on various series of preferred stock, with payments ranging from $165 to $1,625 per share scheduled between April and May 2021.
First Horizon Corporation reported its fourth quarter 2020 earnings, showing a net income of $234 million, down from $523 million in the previous quarter. The earnings per share (EPS) for Q4 was $0.42, impacted by $20 million in notable items linked to the IBERIABANK merger. For the full year, net income reached $822 million, with an EPS of $1.89. The Tangible Book Value per share increased by 3% to $10.23. CEO Bryan Jordan expressed pride in the company's performance amidst challenges and highlighted successful integration efforts.
First Horizon Corporation (NYSE: FHN) announced robust results from its 2020 Bank Holding Company-run capital stress test, showcasing its resilience in economic stress situations. The company maintained a common equity tier one capital ratio of 8.2%, significantly surpassing regulatory requirements. Moreover, its stressed loss rate of 2.8% outperformed the median of CCAR banks at 6.9%. These results highlight First Horizon's strong risk management and diversified business model, reflecting a pre-provision net revenue exceeding peer medians by 150 basis points.