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 National Corp. (NYSE:FHN) has announced a quarterly cash dividend of $0.15 per share, payable on October 1, 2020, to shareholders on record by September 11, 2020. Additionally, various preferred stock dividends were approved: Series A, Series C, Series D, and Series E. The Series A dividend is $1,550.00 per share payable on October 13, 2020. Series C and D dividends are $165.00 and $305.00 respectively, both payable on November 2, 2020. The company's financial strength is reflected through these consistent dividend payments.
First Horizon National Corp. (NYSE:FHN) has completed the acquisition of 30 branches from SunTrust, now Truist, enriching its footprint in growth markets like North Carolina, Virginia, and Georgia. The transaction adds about $440 million in loans and $2.3 billion in deposits, furthering First Horizon's goal of enhancing service capabilities and long-term shareholder value. The branches converted to First Horizon banking centers over the weekend of July 17-19, 2020. Following this and the IBERIABANK merger, the company now operates nearly 500 banking centers across 12 states.
First Horizon National Corp. (FHN) reported a second quarter net income of $52 million, up from $12 million in Q1 2020, resulting in earnings per share of $0.17. Adjusted net income stood at $64 million, or $0.20 per share. Strong fee income grew 31% year-over-year, while net interest income remained stable despite rate challenges. The CET1 ratio improved to 9.3%. The company reported $2 billion in SBA loans through the PPP, aiding 15,000 customers. However, the allowance for loan losses increased significantly to $538 million due to COVID-19 impacts.
First Horizon National Corp. (NYSE:FHN) has announced a semi-annual cash dividend of $0.828125 per Depositary Share on its 6.625% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series B, payable on August 3, 2020. Additionally, the company declared a quarterly cash dividend of $0.4125 per Depositary Share on the 6.60% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C, also payable on August 3, 2020. Both dividends are for shareholders of record by July 17, 2020.
First Horizon National Corp. (FHN) and IBERIABANK Corporation have successfully completed their all-stock merger, creating a combined entity with $79 billion in assets. This milestone is set to enhance operational scale and diversify financial services. Clients will continue to be served through existing branches until systems are integrated, expected by mid-2021. IBERIABANK shareholders received shares in the new company at a ratio of 4.584 for each share held. The transition reflects a strategic move toward building a major southern-based bank.
First Horizon National Corp. (NYSE: FHN) will announce its second quarter financial results on July 17, 2020. The announcement will include a news release, a financial supplement, and a slide presentation available at 6 a.m. CT. A conference call is scheduled for 8:30 a.m. CT to discuss earnings and performance trends. Analysts and investors can participate by dialing designated numbers or joining a live audio webcast. The details will be accessible via the company's investor relations website, with a replay available until July 31.
First Horizon National Corp. (FHN) and IBERIABANK Corporation (IBKC) have received regulatory approval for their all-stock merger of equals, expected to close on July 1, 2020. This merger aims to create one of the largest financial service companies in the South, enhancing market presence and operational capabilities. IBERIABANK shareholders will receive 4.584 shares of First Horizon for each share owned. The merged entity will operate under the First Horizon name and is expected to significantly strengthen community engagement and deliver improved returns for shareholders.
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First Horizon National Corp. (NYSE:FHN) has announced the posting of additional materials for equity analysts on its investor relations website, effective 8 a.m. CT today. This initiative is aimed at providing updated insights and data ahead of upcoming meetings and conferences. The company, which operates approximately 270 bank locations in the Southeast U.S., has been recognized as a top employer and a leader in the financial services sector. However, the announcement includes forward-looking statements that carry significant risks, indicating that actual results may differ from expectations.
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