First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 490 banking offices in 12 states under the First Horizon Bank brand; and 29 offices in 18 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
IPO Year:
Exchange: NYSE
Website: firsthorizon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/24/2024 | $20.00 → $17.00 | Outperform → Neutral | Wedbush |
| 7/18/2024 | $18.00 | Strong Buy → Outperform | Raymond James |
| 7/17/2024 | $18.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 5/23/2024 | $19.00 | Overweight | Stephens |
| 4/9/2024 | $16.00 → $18.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/5/2024 | $16.00 → $18.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/8/2024 | $18.00 | Overweight | Barclays |
| 1/24/2024 | $15.50 → $16.00 | Neutral → Buy | UBS |
| 12/1/2023 | $14.00 | Buy | Citigroup |
| 11/3/2023 | $12.00 → $14.00 | Neutral → Outperform | Wedbush |
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4 - FIRST HORIZON CORP (0000036966) (Issuer)
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Wedbush downgraded First Horizon from Outperform to Neutral and set a new price target of $17.00 from $20.00 previously
Raymond James downgraded First Horizon from Strong Buy to Outperform and set a new price target of $18.00
Keefe Bruyette downgraded First Horizon from Outperform to Mkt Perform and set a new price target of $18.00
Stephens resumed coverage of First Horizon with a rating of Overweight and set a new price target of $19.00
RBC Capital Mkts upgraded First Horizon from Sector Perform to Outperform and set a new price target of $18.00 from $16.00 previously
Keefe Bruyette upgraded First Horizon from Mkt Perform to Outperform and set a new price target of $18.00 from $16.00 previously
Barclays initiated coverage of First Horizon with a rating of Overweight and set a new price target of $18.00
UBS upgraded First Horizon from Neutral to Buy and set a new price target of $16.00 from $15.50 previously
Citigroup initiated coverage of First Horizon with a rating of Buy and set a new price target of $14.00
Wedbush upgraded First Horizon from Neutral to Outperform and set a new price target of $14.00 from $12.00 previously
MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, 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. This new authorization will expire on January 31, 2026. The terminated program had approximately $174 million of remaining authorization and was set to expire on January 31, 2025. Additionally, the board of directors declared a quarterly cash dividend of $0.15 per shar
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, 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. Third quarter 2024 results were reduced by a net $11 million after-tax, or $0.02 per share, of notable items compared with $11 million, or $0.02, per share in second quarter 2024. Excluding notable items, adjusted third quarter 2024 NIAC was $224
MEMPHIS, Tenn., Sept. 12, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce third quarter financial results on October 16, 2024. The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:45 am ET/5:45 am CT. FHN management will host a live conference call and webcast presentation that morning with details as follows: Time: 9:30 am (ET)/8:30 am (CT) Webcast/Presentation: A live webcast will be available at ir.firsthorizon.com under Events and Presentations. Dial-in: Individuals may call in by dialing 1-833-
MEMPHIS, Tenn., July 30, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) ("First Horizon" or "the Company") announced today its 2024 Company-run capital stress test results. The 2024 test showed that, under hypothetical severe economic and business downturns, First Horizon would maintain capital ratios well above regulatory-required minimums. These internally generated results, which utilized the 2024 Severely Adverse Scenario published by the Federal Reserve on February 15, 2024, reflect continued strong risk discipline. "Our 2024 capital stress test results in a m
MEMPHIS, Tenn., July 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, Company", ))) today announced that its board of directors had declared a quarterly cash dividend of $0.15 per share on FHN's common stock. The dividend is payable on October 1, 2024 to shareholders of record at the close of business on September 13, 2024. Preferred Dividend Information Cash dividends were also declared on the Company's Series C, Series E and Series F Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows: FHN Series C Quarterly
2Q24 ROTCE of 11.3% and Adjusted ROTCE of 12.0% with Tangible Book Value per Share of $12.22, up $0.06 QoQ* MEMPHIS, Tenn., July 17, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", ))) today reported second quarter net income available to common ("NIAC") shareholders of $184 million or earnings per share of $0.34, compared with first quarter 2024 net income available to common of $184 million or earnings per share of $0.33. Second quarter 2024 results were reduced by a net $11 million after-tax or $0.02 per share of notable items compared with $12 million or $0.02 per share in first quarter 2024. Excluding notable items, adjusted second quarter 2024 NIAC was $195 mi
MEMPHIS, Tenn., June 14, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce second quarter financial results on July 17, 2024. The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:45 am ET/5:45 am CT. FHN management will host a live conference call and webcast presentation that morning with details as follows: Time: 9:30 am (ET)/8:30 am (CT) Webcast/Presentation: A live webcast will be available at ir.firsthorizon.com under Events and Presentations. Dial-in: Individuals may call in by dialing 1-833-470
MEMPHIS, Tenn., April 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, Company", ))) today announced that its board of directors has declared a quarterly common stock dividend of $0.15 per share. The dividend is payable on July 1, 2024 to shareholders of record at the close of business on June 14, 2024. Preferred Dividend Information Cash dividends were also declared on the Company's Series B, Series C, Series E and Series F Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows: FHN Series B Semi-annual cash divi
1Q24 ROTCE of 11.0% and Adjusted ROTCE of 11.6% with Tangible Book Value per Share of $12.16, up $0.03 QoQ* MEMPHIS, Tenn., April 17, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", ))) today reported first quarter net income available to common shareholders of $184 million or earnings per share of $0.33, compared with fourth quarter 2023 NIAC of $175 million or earnings per share of $0.31. First quarter 2024 results were reduced by a net $12 million after-tax or $0.02 per share of notable items compared with $3 million or $0.01 per share in fourth quarter 2023. Excluding notable items, adjusted first quarter 2024 NIAC of $195 million or $0.35 per share increased f
MEMPHIS, Tenn., April 1, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) today announced that on May 1, 2024 (the "Redemption Date"), it will redeem all outstanding shares of its 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock"), and all related outstanding depositary shares, each representing a 1/400th interest in a share of the Series D Preferred Stock ("the Series D Depositary Shares") (NYSE:FHN). After the redemptions, no shares of Series D Preferred Stock, and no Series D Depositary Shares, will remain outstanding.
MEMPHIS, Tenn., Oct. 22, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", ))) is pleased to announce the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024. Wiseman will transition into the General Counsel position on January 1, 2025, succeeding Charles Tuggle, who will retire in 2025 after 16 years of service. Wiseman comes to First Horizon from the law firm Baker Donelson Bearman Caldwell & Berkowitz, P.C., where he represented a diverse portfolio of clients across various sectors, including financial services, manufact
First Horizon Associates to Give 1,600 $25 Gift Cards to the Community MEMPHIS, Tenn., Feb. 23, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE:FHN, First Horizon", ))) In honor of its upcoming 160th anniversary on March 25th, First Horizon Bank kicked off the celebration by making a meaningful impact — distributing $40,000 in VISA gift cards during Random Acts of Kindness Week (Feb 11-17, 2024). This marks the start of the bank's celebration, showcasing its commitment to creating a positive and lasting impact in the communities the bank serves. Designated associates, acting as champions for Random Acts of Kindness week, surprised random recipients across First Horizon's footprint.
First Horizon Associates to Give 1,600 $25 Gift Cards to the Community MEMPHIS, Tenn., Feb. 15, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE:FHN, First Horizon", ))) In honor of its upcoming 160th anniversary on March 25th, First Horizon Bank is kicking off the celebration by making a meaningful impact — distributing $40,000 in VISA gift cards during Random Acts of Kindness Week (Feb 11-17, 2024). This marks the start of the bank's celebration, showcasing its commitment to creating a positive and lasting impact in the communities the bank serves. Designated associates, acting as champions for Random Acts of Kindness week, will surprise random recipients across First Horizon's footpr
American Heart Association of the Mid South MEMPHIS, Tenn., Feb. 9, 2024 /PRNewswire/ -- First Horizon Bank is pleased to announce Tammy LoCascio, Chief Operating Officer for First Horizon, has been named a Woman of Impact by the American Heart Association of the Mid South. Woman of Impact shines a spotlight on women's health as cardiovascular disease is the No. 1 killer of women. Campaigns launch across the nation today on National Wear Red Day®, creating a groundswell and serving as a catalyst for change to improve the lives of women globally. "I'm honored to join this group
MEMPHIS, Tenn., Jan. 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today announced the election of John W. Dietrich, 59, to the First Horizon Corporation Board of Directors and First Horizon Bank Board of Directors. Dietrich is Executive Vice President and Chief Financial Officer of FedEx Corporation ("FedEx"), a provider of transportation, e-commerce and business services. He is responsible for all aspects of FedEx's global financial functions, including financial planning, treasury, tax, accounting and controls, internal audit, investor re
MEMPHIS, Tenn., Nov. 9, 2021 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, Company", ))) today announced the appointment of Hope Dmuchowski as Senior Executive Vice President and Chief Financial Officer. She will serve on the Company's Executive Management Committee and report to President and Chief Executive Officer Bryan Jordan. Dmuchowski joins First Horizon from Truist Financial Corporation where she most recently served as Executive Vice President Head of Financial Planning and Analysis and Management Reporting. Prior to that role, she served as Chief Financial Off
MEMPHIS, Tenn., Oct. 30, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN, 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. The HR Impact Award recognizes Human Resources professionals who make a tangible impact on their workplaces and have a track record of creating a productive and safe environment for all employees. A Memphis native, Dunn was recognized for her leadership at First Horizon an
MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, 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. This new authorization will expire on January 31, 2026. The terminated program had approximately $174 million of remaining authorization and was set to expire on January 31, 2025. Additionally, the board of directors declared a quarterly cash dividend of $0.15 per shar
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. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. America's Best in State Employers are identified in an independent survey from a vast sample of over 160,000 employees working for companies employing at least 500 people within the U.S. The survey is conducted using several online access panels, providing a repres
MEMPHIS, Tenn., Oct. 22, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", ))) is pleased to announce the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024. Wiseman will transition into the General Counsel position on January 1, 2025, succeeding Charles Tuggle, who will retire in 2025 after 16 years of service. Wiseman comes to First Horizon from the law firm Baker Donelson Bearman Caldwell & Berkowitz, P.C., where he represented a diverse portfolio of clients across various sectors, including financial services, manufact
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. A live webcast of the event along with an audio replay will be available via the events and presentations section of the First Horizon Investor Relations website at https://ir.firsthorizon.com/events-and-presentations/default.aspx. The presentation and any related materials may contain forward-
MEMPHIS, Tenn., Oct. 21, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN, 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. With more than 30 years of experience in the financial services industry, Springfield was recognized as First Horizon's Chief Credit Officer. As she reflected on her career and upcoming retirement, she reported that one of her most rewarding achievements was the opportunity to mentor and de
MEMPHIS, Tenn., Oct. 21, 2024 /PRNewswire/ -- FHN Financial is pleased to announce the Firm's Public Finance Department has made several key hires to expand its capabilities and expertise in the Project Finance sector of the municipal market. FHN Financial Capital Markets recently hired a recognized team of municipal bankers with specialized expertise servicing most municipal sectors. These strategic hires build upon the Firm's recent investments in the Midwest and Northeast regions of the country. New hires include: Howard Manning – Howard Manning, Managing Director, is an
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, 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. Third quarter 2024 results were reduced by a net $11 million after-tax, or $0.02 per share, of notable items compared with $11 million, or $0.02, per share in second quarter 2024. Excluding notable items, adjusted third quarter 2024 NIAC was $224
MEMPHIS, Tenn., Oct. 7, 2024 /PRNewswire/ -- The North Carolina Courage recently announced a multiyear partnership affirming First Horizon Bank (NYSE: FHN) as the Official Bank of the Courage in a joint venture to support women's sports. The two entities will join forces to launch community initiatives and platforms, both at Courage matches and events throughout the region, to promote financial literacy and banking solutions to make a lasting, positive impact on the Triangle. In a milestone moment, First Horizon becomes the first-ever official bank of the Courage, highlightin
Arena to be Named First Horizon Coliseum MEMPHIS, Tenn., Oct. 7, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN, First Horizon", ))), in a landmark partnership agreement with the City of Greensboro and Oak View Group, managers and operators of the Greensboro Coliseum Complex, will become the first naming rights partner at the 65-year-old complex, renaming the venue the First Horizon Coliseum. Terms of the multi-year agreement that immediately goes into effect were not released. The new partnership with First Horizon Bank was secured by OVG Global Partnerships, the sponsors
Raymond James analyst Michael Rose downgrades First Horizon (NYSE:FHN) from Strong Buy to Outperform and maintains the price target from $18 to $18.
RBC Capital analyst Jon Arfstrom maintains First Horizon (NYSE:FHN) with a Outperform and raises the price target from $18 to $19.
First Horizon (NYSE:FHN) reported quarterly sales of $815.000 million which missed the analyst consensus estimate of $822.032 million by 0.86 percent. This is a 20.95 percent decrease over sales of $1.031 billion the same period last year.
First Horizon (NYSE:FHN) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.37 by 2.7 percent. This is a 2.86 percent increase over earnings of $0.35 per share from the same period last year.
11 analysts have expressed a variety of opinions on First Horizon (NYSE:FHN) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 7 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 3 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 3 3 0 0 Analysts have recently evaluated First Horizon and provided 12-month price targets. The average target is $17.5, accompanied by a high estimate of $19.00 and a low estimate of $16.00. This current a
Jefferies analyst Casey Haire maintains First Horizon (NYSE:FHN) with a Buy and raises the price target from $17 to $18.
Evercore ISI Group analyst John Pancari maintains First Horizon (NYSE:FHN) with a Outperform and lowers the price target from $18.5 to $17.5.
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