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 |
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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 |
10/5/2023 | $12.00 | Neutral | Wedbush |
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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
Wedbush initiated coverage of First Horizon with a rating of Neutral and set a new price target of $12.00
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.
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., March 27, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce first quarter financial results on April 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 1-833-47
MEMPHIS, Tenn., Jan. 23, 2024 /PRNewswire/ --- First Horizon Corporation (NYSE:FHN, Company", ))) today announced that its board of directors has authorized the Company to repurchase up to $650 million of the Company's common stock. Additionally, the board of directors declared a quarterly common stock dividend of $0.15 per share. The dividend is payable on April 1, 2024 to shareholders of record at the close of business on March 15, 2024. "Our strong capital provides for more optionality to capitalize on strategic growth opportunities while continuing to operate in the contex
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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
Helping to Make Homeownership a Reality for Deserving Families MEMPHIS, Tenn., Sept. 16, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", ))) is excited to announce its participation in the relaunch of ABC's "Extreme Makeover: Home Edition," set to air in 2025. This sponsorship underscores First Horizon's dedication to empowering communities and fostering financial stability. First Horizon's participation in filming the new season of "Extreme Makeover: Home Edition" began last month in Houston and Orlando, and will conclude in Phoenix in September. The
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., Aug. 23, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced that Chairman, President, and Chief Executive Officer Bryan Jordan and Chief Financial Officer Hope Dmuchowski will participate at the Barclays 22nd Annual Global Financial Services Conference on September 9, 2024, at 2:00 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/. The presentation and any related materials may contain for
MEMPHIS, Tenn., Aug. 20, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN, First Horizon", ))) announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College. The endowed scholarship is part of a newly created education initiative aimed at investing in future professionals in the colleges and universities that contribute to the civic, social and economic fabric of our communities. In addition to the scholarship, the partnership will offer programming including financial education, professional skill development and career opportunities that
MEMPHIS, Tenn., Aug. 6, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN, First Horizon", ))) has been named to the Forbes' list of America's Best Employers for Women 2024. This prestigious award is presented by Forbes and Statista Inc., the leading statistics portal and industry ranking provider. The award list was announced on July 23rd, 2024, and can be viewed on the Forbes website.America's Best Employers for Women were identified in an independent survey from a vast sample of over 150,000 women working for companies employing at least 1,000 people within the U.S. from all industry sectors. Over 4 million employer evaluations are considered. The result is based on the following t
Official Bank of the VOLS MEMPHIS, Tenn., Aug. 1, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN, First Horizon", ))) is proud to announce that First Horizon Bank has renewed its commitment to the University of Tennessee and signed a 5-year agreement as a Corporate Champion and the Official Bank of the VOLS. First Horizon Bank is a longtime supporter of the University and signed its first agreement with the University of Tennessee Athletics back in 1993. Terms of the contract remain undisclosed; however, the contract does include an exclusive financial partnership as the
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
AMERICA'S BEST MIDSIZE COMPANIES OF 2024 MEMPHIS, Tenn., July 25, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN, First Horizon", ))) announced that it has been recognized on the inaugural list of America's Best Mid-Size Companies 2024 by TIME Magazine. In partnership with Statista, a leading international provider of market and consumer data and rankings, the results can be viewed here: https://time.com/collection/americas-best-midsize-companies-2024/ The recognized companies were identified based on three dimensions using more than 15 different criteria. The three dimens
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