First Horizon Corporation Stock Price, News & Analysis

First Horizon (NYSE: FHN) has announced the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024. Wiseman will transition to the General Counsel position on January 1, 2025, succeeding Charles Tuggle, who will retire in 2025 after 16 years of service. Wiseman joins from Baker Donelson Bearman Caldwell & Berkowitz, P.C., bringing extensive experience in various sectors, including financial services.

Bryan Jordan, President, Chairman, and CEO of First Horizon, expressed enthusiasm for Wiseman's appointment, citing his experience and strategic mindset as important for navigating the dynamic political and regulatory environment. Wiseman's background includes serving as Deputy Governor and Chief Counsel under Governor Bill Lee and founding partner of Wiseman Bray PLLC. He has also held various civic and nonprofit leadership roles.

First Horizon (NYSE: FHN) has announced that Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio will participate in the BancAnalysts Association of Boston Conference on November 7, 2024, at 1:30 pm ET.

The event will be accessible via a live webcast, with an audio replay available afterwards. Interested parties can access these through the events and presentations section of the First Horizon Investor Relations website.

The company has noted that the presentation and any related materials may contain forward-looking statements or other important information for investors.

First Horizon Corp. (NYSE: FHN) announced that Susan Springfield, the company's Chief Credit Officer, has been named one of Memphis Business Journal's Women Who Lead. This recognition honors women in leadership roles in public and private companies. Springfield, with over 30 years of experience in the financial services industry, is set to retire soon. She highlighted mentoring and developing others as one of her most rewarding achievements.

Bryan Jordan, First Horizon's Chairman, President and CEO, congratulated Springfield on this honor, praising her contributions to the organization and community. He emphasized that a true leader invests in others' growth, noting that Springfield's impact on her mentees is measured by the lasting influence they have on others.

FHN Financial has announced key hires to expand its capabilities in the Project Finance sector of the municipal market. The firm has recruited Howard Manning as Managing Director and national lead banker for Project Finance transactions, Stan Rosendahl as Executive Director to expand coverage across sectors nationally, and Alana Zimmerman as Executive Director to work as the lead execution banker for the Project Finance team.

These strategic hires aim to enhance FHN Financial's expertise in specialized municipal sectors, particularly in healthcare. The expansion builds upon recent investments in the Midwest and Northeast regions. Ajay Thomas, Senior Managing Director and Head of Public Finance, expressed excitement about the new team members, stating that they will add depth, structuring expertise, and transaction execution capabilities to the public finance business.

FHN Financial Capital Markets, a division of First Horizon Bank, operates 27 offices across the United States, with Municipal Underwriting and Trading Desks in multiple cities and Public Finance offices in 12 locations.

First Horizon (NYSE: FHN) reported strong third quarter 2024 results with net income available to common shareholders of $213 million or earnings per share of $0.40. Adjusted earnings were $224 million or $0.42 per share, both up $0.06 from the prior quarter. The company achieved a 3Q24 ROTCE of 12.6% and Adjusted ROTCE of 13.2%, with Tangible Book Value per Share increasing by $0.81 to $13.02.

CEO Bryan Jordan highlighted the 18% growth in earnings per share compared to the previous quarter, attributing it to strong performance from counter-cyclical businesses and the company's diversified business model. Credit quality remained stable, with net charge-offs declining for the second consecutive quarter and a modest increase in reserve coverage. The company also emphasized its support for associates, clients, and communities affected by recent hurricanes.

First Horizon Bank (NYSE: FHN) has been named the Official Bank of the North Carolina Courage in a multiyear partnership aimed at supporting women's sports. This collaboration will focus on launching community initiatives to promote financial literacy and banking solutions in the Triangle region. As the first-ever official bank of the Courage, First Horizon will receive branding assets, activation spaces, and joint promotional opportunities throughout the season.

The partnership highlights the increasing corporate investment in the Courage, the NWSL, and women's sports. First Horizon Bank's commitment to empowering women is reflected in its diverse leadership, with 50% of its executive management team being female and 38% of its board comprising women. The bank's assets will debut at WakeMed Soccer Park on October 5, 2024, during the Courage's match against San Diego Wave FC.

First Horizon Corp. (NYSE: FHN) has secured a multi-year naming rights partnership for the Greensboro Coliseum, which will be renamed First Horizon Coliseum. This marks the first naming rights agreement in the venue's 65-year history. The partnership, effective immediately, was facilitated by Oak View Group, the complex's managers and operators.

The agreement aims to enhance the Coliseum's national profile and appeal. First Horizon Bank, as the naming rights partner, will work with Oak View Group on marketing initiatives to amplify their brand and provide additional exposure for the venue. The partnership is expected to contribute to the Coliseum's position as a top entertainment destination and generate economic impact for the region.

First Horizon Foundation has pledged $250,000 to support communities affected by Hurricane Helene. The funds will be distributed through nonprofit partners, with 501(c)(3) organizations able to apply for funding online. First Horizon has also provided immediate assistance through manpower and essential supplies distribution to associates.

The company has reopened the majority of its banking centers in affected areas and deployed ATMs and mobile banking units to meet clients' needs. Clients can access updates on business operations, fee waivers, loan deferrals, and recovery resources on the First Horizon website.

First Horizon Foundation, established in 1993, has donated over $150 million to community needs, focusing on areas such as Arts & Culture, Education & Leadership, Environment, Financial Literacy, and Health & Human Services. First Horizon Corp. (NYSE: FHN) is a leading regional financial services company with $82.2 billion in assets as of June 30, 2024.

First Horizon Corp. (NYSE: FHN) has announced that its Chief Marketing Officer Erin Pryor has been named one of the 2024 Super Women in Business by the Memphis Business Journal. This recognition honors 25 female leaders from various industries for their exceptional leadership qualities and commitment to community reinvestment. The award acknowledges women who have succeeded at the highest level of leadership and are key decision-makers in their respective businesses.

Bryan Jordan, Chairman, President, and CEO of First Horizon, expressed pride in Pryor's achievement, highlighting her contributions to the company over the past three years. Jordan noted Pryor's role in driving client growth and strengthening the brand across First Horizon's 12-state footprint, as well as her engagement with the Memphis community.