First Horizon National

First Horizon Corp. (Tennessee) operates as a financial holding company, which engages in the provision of checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through three segments: Regional Banking, Specialty Banking, and Corporate. The Regional Banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers. The Specialty Banking segment consists of lines of business that deliver product offerings and services with specialized industry knowledge. The Corporate segment focuses on corporate support functions such as risk management, audit, accounting, finance, executive office, and corporate communications. The company was founded by Frank S. Davis in 1864 and is headquartered in Memphis, TN.

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First Horizon National (FHN) reports solid Q2 performance and eyes growth opportunities

First Horizon National (FHN) delivered strong financial results in Q2 2023, supported by robust credit performance and a strengthened capital position.
While facing competitive pressures and interest rate challenges, the bank remains focused on deepening client relationships and seizing growth opportunities.
Management's prudent approach to risk management and commitment to operational efficiency position First Horizon National (FHN) for sustainable growth and profitability.

First Horizon National reports solid Q3 performance amidst growth opportunities

First Horizon National delivered solid financial performance in Q3 2023, with growth in deposits and loans, stable fee income, and a strong capital position. The company faces challenges related to charge-offs and criticized assets but remains focused on maintaining operational efficiency. Opportunities lie in sustainable loan growth and strategic capital deployment.

First Horizon National reports stable Q4 performance amidst industry challenges

First Horizon National's Q4 performance showcased stability in key financial metrics, despite challenges in loan growth and nonperforming assets.
The company's focus on disciplined credit management and client communication positions it well for stable credit quality and growth opportunities.
Anticipated technology investments and industry consolidation present challenges and opportunities for First Horizon's strategic direction and financial performance.

First Horizon National reports strong Q1 earnings and eyes growth

First Horizon National's Q1 2024 earnings call highlighted robust financial performance, strategic balance sheet planning, and proactive credit management. Despite facing challenges such as increased nonperforming loans and additional expenses, the company remains optimistic about future growth opportunities through buyback activities and organic expansion.

First Horizon National reports robust Q2 earnings and strategic investments

First Horizon National's Q2 2024 earnings call showcased strong financial performance, highlighting adjusted EPS of $0.36 per share and a 12% adjusted return on tangible common equity. The company emphasized stable revenue streams, growth in its loan portfolio, and strategic investments in technology.

First Horizon National reports solid Q3 performance amidst challenges

First Horizon National delivered a solid performance in Q3 2024, with improved EPS and strong deposit growth.
While facing challenges such as margin compression and mortgage performance, the company maintained a focus on expense discipline.
Opportunities lie in revenue growth, leveraging deposit and fee revenue, and enhancing technology capabilities for future success.

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MEMPHIS, Tenn. , Dec. 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) is proud to announce that the First Horizon Bank Operations team has been honored with the 2024 Commitment Award by the Tennessee Center for Performance Excellence (TNCPE).

First Horizon Operations Earns 2024 Commitment Award from TNCPE

MEMPHIS, Tenn. , Dec. 19, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) plans to announce fourth quarter and full year financial results on January 16, 2025.

First Horizon Corporation to Announce Fourth Quarter and Full Year Financial Results on January 16, 2025

Team to play at First Horizon Stadium at WakeMed Soccer Park starting in 2025 CARY, N.C. , Dec. 18, 2024 /PRNewswire/ -- The North Carolina Courage and the Town of Cary today announce First Horizon Bank (NYSE: FHN) as the naming rights partner for the 10,000-seat stadium located inside WakeMed Soccer Park.

NORTH CAROLINA COURAGE ANNOUNCES FIRST HORIZON BANK AS STADIUM NAMING PARTNER

MIAMI , Dec. 16, 2024 /PRNewswire/ -- The Coconut Grove Arts Festival® (CGAF), South Florida's premier outdoor fine-arts event, returns for its 61st edition, produced by Loud And Live and presented by First Horizon Bank (NYSE: FHN). Taking place over Presidents' Day Weekend, February 15, 16, and 17, 2025, this iconic celebration of art and culture promises to be the social event of the year, attracting tens of thousands of attendees worldwide.

61st Annual Coconut Grove Arts Festival® Returns Presidents' Day Weekend 2025 With First Horizon Bank as Presenting Sponsor

Agreement Includes Entitlement Of Spectrum Center Theater Box CHARLOTTE, N.C. , Dec. 11, 2024 /PRNewswire/ -- Hornets Sports & Entertainment (HSE) and First Horizon Bank (NYSE: FHN) today announced a multiyear partnership under which the Memphis-based bank becomes a Proud Partner of the Charlotte Hornets.

HORNETS, FIRST HORIZON BANK ANNOUNCE MULTIYEAR PARTNERSHIP

Citizens Financial Group

First Horizon and Citizens Financial are well-positioned to perform impressively in 2025 as the operating environment turns favorable.

Regional Banks - FHN & CFG - Poised for Solid Performance in 2025

MEMPHIS, Tenn. , Dec. 3, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN) announced today that it will post fixed income investor materials for analysts via the events and presentations section of the First Horizon Investor Relations website at https://ir.firsthorizon.com/events-and-presentations/default.aspx.

First Horizon Corporation to post fixed income investor materials on December 3, 2024

MEMPHIS, Tenn. , Nov. 27, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") is pleased to announce the naming of Tyler Craft as Head of Investor Relations, effective January 1, 2025.

First Horizon Names New Head of Investor Relations

FHN hits a new 52-week high of $21.01, driven by optimism surrounding Donald Trump's win in the U.S. presidential election and Fed rate cuts.

First Horizon Touches 52-Week High: Should You Buy the Stock Now?

MEMPHIS, Tenn. , Nov. 21, 2024 /PRNewswire/ -- First Horizon Foundation announced today it will pledge $200,000 to help Florida's coastal communities impacted by Hurricane Helene and Hurricane Milton.

First Horizon Foundation Announces $200,0000 Commitment to Hurricane Relief in Florida

MEMPHIS, Tenn. , Nov. 20, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced Chairman of the Board, President, and Chief Executive Officer Bryan Jordan and Chief Financial Officer Hope Dmuchowski will participate at the Goldman Sachs Financial Services Conference 2024 on December 10, 2024, at 3:40 pm ET.

First Horizon Corporation to Participate at the Goldman Sachs Financial Services Conference 2024

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First Horizon National (FHN) is a Top-Ranked Value Stock: Should You Buy?

MEMPHIS, Tenn. , Oct. 30, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is pleased to announce that Jaime Dunn, Director of Executive Compensation & Equity Administration at First Horizon, recently won the Memphis Business Journal's  2024 HR Impact Award in the public company category.

Jaime Dunn Received Memphis Business Journal's HR Impact Award

MEMPHIS, Tenn. , Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the "Company") today announced that its board of directors has authorized a new $1 billion common stock repurchase program to replace the Company's prior repurchase program, effective as of the close of business on October 29, 2024.

First Horizon Announces $1 Billion Share Repurchase Program, Declares Cash Dividends on Common and Preferred Stock

MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") has been recognized on the Forbes list of Best-in-State Employers 2024 for Tennessee.

First Horizon Named Forbes Best-In-State Employer for Tennessee

MEMPHIS, Tenn. , Oct. 22, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") is pleased to announce the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024.

First Horizon Welcomes Lang Wiseman to the Company

MEMPHIS, Tenn. , Oct. 21, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio will participate at the BancAnalysts Association of Boston Conference on November 7, 2024, at 1:30 pm ET.

First Horizon Corporation to Participate at the BancAnalysts Association of Boston Conference

MEMPHIS, Tenn. , Oct. 21, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is pleased to announce that Susan Springfield was named one of Memphis Business Journal's Women Who Lead, a special feature recognizing women in leadership roles in public and private companies.

Susan Springfield Named one of Memphis Business Journal's Women Who Lead

First Horizon shares gained 66% over the past year, driven by strong recovery post-2023 banking crisis and solid financial performance. Q3 earnings beat expectations at$0.42 per share, driven by a 6% revenue increase and strong non-interest income growth. Despite margin compression, deposit repricing is expected to stabilize NIM by Q1 2025, supporting future earnings growth.

First Horizon: Solid Q3 Results Leave Shares With More Upside Potential

FHN's Q3 2024 earnings benefit from a rise in NII and fee income, alongside deposit growth. Yet, rising costs and declining loan balances remain concerns.

First Horizon Stock Up on Q3 Earnings Beat, NII & Fee Income Rise Y/Y

First Horizon Corporation (NYSE:FHN ) Q3 2024 Earnings Conference Call October 16, 2024 9:30 AM ET Company Participants Natalie Flanders - Head, Investor Relations Bryan Jordan - Chairman, President and Chief Executive Officer Hope Dmuchowski - Chief Financial Officer Thomas Hung - Deputy Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Michael Rose - Raymond James Jon Arfstrom - RBC Capital Jared Shaw - Barclays Capital Samuel Varga - UBS Chris McGratty - KBW Timur Braziler - Wells Fargo Christopher Marinac - J. Montgomery Scott Operator Good morning all and thank you for joining us for the First Horizon Third Quarter 2024 Earnings Conference Call.

First Horizon Corporation (FHN) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for First Horizon (FHN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About First Horizon (FHN) Q3 Earnings

First Horizon National (FHN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.27 per share a year ago.

First Horizon National (FHN) Tops Q3 Earnings and Revenue Estimates

3Q24  ROTCE of 12.6% and Adjusted ROTCE of 13.2% with Tangible Book Value per Share of $13.02,  up $0.81 QoQ* MEMPHIS, Tenn. , Oct. 16, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today reported third quarter net income available to common ("NIAC") shareholders of $213 million or earnings per share of $0.40, compared with second quarter 2024 net income available to common of $184 million or earnings per share of $0.34.

First Horizon Corporation's Momentum Continues with Strong Third Quarter 2024 Results; Net Income Available to Common Shareholders of $213 Million or EPS of $0.40; $224 Million or $0.42 on an Adjusted Basis, both up $0.06 from prior quarter*

Besides Wall Street's top -and-bottom-line estimates for First Horizon (FHN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

News for First Horizon National Stock (FHN)