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 |
|---|---|---|---|
| 12/17/2024 | Buy | UBS | |
| 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 |
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DURHAM, N.C., Jan. 29, 2025 /PRNewswire/ -- DPAC (Durham Performing Arts Center) and First Horizon Bank (NYSE:FHN) have announced an exciting new partnership, marking a significant milestone for both organizations. Under this multiyear sponsorship agreement, First Horizon Bank will become the first-ever Presenting Sponsor of DPAC, a theater that has been annually ranked among the top five performing arts centers in the nation for more than a decade. DPAC is celebrated for presenting some of the biggest shows and stars in the world in an intimate 2,700-seat setting, where the guest experience reigns supreme.
MEMPHIS, Tenn., Jan. 28, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, Company", )) today announced that its board of directors declared a quarterly cash dividend of $0.15 per share on FHN's common stock. The dividend is payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025. 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 cash divid
MEMPHIS, Tenn., Jan. 28, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", )) today announced the election of Jeffrey J. Brown ("JB"), 52, to the First Horizon Corporation Board of Directors and First Horizon Bank Board of Directors. Brown is President of Hendrick Automotive Group, LLC, responsible for the auto operations of the largest privately held automotive group in the United States, headquartered in Charlotte, North Carolina. He retired as Chief Executive Officer of Ally Financial Inc. in January 2024, after serving as Chief Executive Officer and
MEMPHIS, Tenn., Jan. 23, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) is proud to celebrate Chairman, President and Chief Executive Officer Bryan Jordan on his inclusion in the Memphis Business Journal's prestigious 2025 Power 100 list. This annual list highlights the most influential leaders shaping the business and economic landscape of Memphis and the Mid-South. "Bryan's recognition is a testament to his unwavering commitment to support our associates and clients and better the communities we serve," said Tanya Hart, Chief Human Resource Officer for First Horiz
Fourth Quarter 2024 Net Income Available to Common Shareholders of $158 Million or EPS of $0.29; $228 Million or $0.43 on an Adjusted Basis, up 2% from the prior quarter.* MEMPHIS, Tenn., Jan. 16, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", )) today reported full year 2024 net income available to common shareholders ("NIAC") of $738 million or earnings per share of $1.36, compared with full year 2023 NIAC of $865 million or earnings per share of $1.54. 2024 results were reduced by a net $105 million after-tax or $0.19 per share of notable items compared with a net benefit of $59 million or $0.11 per share in 2023.
The Memphis-based bank provides crucial resources to help families thrive. MEMPHIS, Tenn., Jan. 10, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) and its banking subsidiary First Horizon Bank ("First Horizon") are proud to participate in the highly anticipated reboot of ABC's "Extreme Makeover: Home Edition," which premiered just after the new year. This season, the bank will provide resources to each of the four families living in Houston, Orlando and Phoenix. These funds will help the families settle into their newly renovated homes and build a foundation for lasting financial stability.
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). This prestigious recognition highlights the organization's dedication to operational innovation and continuous improvement in the pursuit of excellence. Since the early 1990s, TNCPE has provided assessments and feedback to more than 1,000 organizations across industries, helping them refine processes, improve client relations
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. The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:30 am ET/5:30 am CT. FHN management will host a live conference call and webcast presentation that morning with details as follows: Date/Time: January 16, 2025 at 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: In
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. This multiyear partnership officially titles the Courage home as First Horizon Stadium at WakeMed Soccer Park. The stadium naming deal expands the highly successful partnership with First Horizon Bank, which became the Courage's first official banking partner in 2024. The nami
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. Having First Horizon Bank as the presenting sponsor of a festival with more than six decades of history underscores the event's enduring
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UBS resumed coverage of First Horizon with a rating of Buy
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
MEMPHIS, Tenn., Jan. 28, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, Company", )) today announced that its board of directors declared a quarterly cash dividend of $0.15 per share on FHN's common stock. The dividend is payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025. 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 cash divid
Fourth Quarter 2024 Net Income Available to Common Shareholders of $158 Million or EPS of $0.29; $228 Million or $0.43 on an Adjusted Basis, up 2% from the prior quarter.* MEMPHIS, Tenn., Jan. 16, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", )) today reported full year 2024 net income available to common shareholders ("NIAC") of $738 million or earnings per share of $1.36, compared with full year 2023 NIAC of $865 million or earnings per share of $1.54. 2024 results were reduced by a net $105 million after-tax or $0.19 per share of notable items compared with a net benefit of $59 million or $0.11 per share in 2023.
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. The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:30 am ET/5:30 am CT. FHN management will host a live conference call and webcast presentation that morning with details as follows: Date/Time: January 16, 2025 at 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: In
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
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. Having First Horizon Bank as the presenting sponsor of a festival with more than six decades of history underscores the event's enduring
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