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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Shares of First Horizon plunged after it became clear that the company was no longer going to be acquired by TD Bank. The firm will receive payments totaling $225 million, but investors are afraid that it may fall prey to worries over its high uninsured deposits.

First Horizon's Plunge Presents A Calculated Buying Opportunity

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U.S. regional banks might be making a short-term bottom on Friday as seller exhaustion appears to have emerged following four consecutive sessions of losses in bank shares, according to Mark Newton, head of technical strategy at Fundstrat.

U.S. regional banks poised for a ‘short-term bottom' Friday, says Fundstrat's Mark Newton

TD Bank and First Horizon announced today that they mutually agreed to terminate their merger agreement. First Horizon common shares are down -36% on the day, while the Series D Preferred Shares are down -25%.

First Horizon: The Preferred Shares Are A Better Investment Than The Common

First Horizon (FHN) and Toronto-Dominion (TD) mutually call off the merger deal on unprecedented delays in getting regulatory approvals.

First Horizon (FHN)-TD Deal Canceled Amid Banking Crisis

Sharp drops Thursday are being partly retraced in early trading Friday after a tumultuous week that has seen turmoil return to regional lenders.

PacWest Leads Bank Stock Rebound. Western Alliance and First Horizon Also Jump.

Toronto-Dominion Bank

In what is the least surprising turn of events in North American banking, Toronto-Dominion Bank (CA:TD) and Tennessee-based First Horizon (US:FHN) have mutually agreed to call off their $13.4 billion transaction.

TD Takes a $225 Million Bath on First Horizon as South-of-the-Border Deal Goes South

That was First Horizon Bank Corp. CEO D. Bryan Jordan's take in an interview with CNBC on the operations of his bank since it announced a takeover by TD Bank for about $13 billion in February of 2022.

First Horizon CEO says the bank ‘never assumed regulatory approval was a given' in scuttled TD merger

First Horizon Corp (NYSE: FHN) tanked 40% this morning after it scrapped plans of merging with the Toronto-Dominion Bank (TSE: TD). Details of the update that crashed First Horizon stock The $13.4 billion deal that was first announced last year could have made TD the sixth-largest U.S. bank.

First Horizon stock opened 40% down on Thursday: find out why

That collective sigh of relief you heard when JPMorgan Chase & Co. NYSE: JPM purchased the assets of First Republic Bank has morphed into panic. Another regional bank, PacWest Bancorp NASDAQ: PACW confirmed that it's in discussions with investors.

PacWest, First Horizon Shares Plummet On Continued Bank Worries

TD Bank and First Horizon had already extended their merger agreement in February. Large bank mergers have had a more difficult time receiving regulatory approval under the Biden administration.

First Horizon Is No Longer Getting Acquired -- Shares Are Tanking

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PacWest Bancorp and First Horizon shares fall as investors wonder how much further regional-banking problems could spread.

Regional-Bank Shares Dive as Investors Fret About Contagion

First Horizon (NYSE: FHN ) stock fell 40% overnight, and other regional bank stocks also crashed, after it terminated its merger with Toronto Dominion Bank (NYSE: TD ). PacWest (NASDAQ: PACW ) fell 34%, and Western Alliance (NYSE: WAL ) fell 14% after Federal Reserve Chairman Jerome Powell showed no urgency about regional banks while hiking interest rates a quarter-point.

Bank Stocks Alert: Why First Horizon (FHN) Stock Is Plunging

Toronto-Dominion Bank and First Horizon National Corporation (NYSE:FHN) announced on Thursday an agreement to terminate their previously announced $13.4 billion merger as uncertainty swirled around the possibility of regulatory approvals. TD will pay Memphis-based First Horizon US$200 million in cash plus a $25 million reimbursement due as part of the merger agreement.

TD Bank and First Horizon kill merger deal as TD cites regulatory uncertainty

CEO Bryan Jordan said the closed merger was “unfortunate and unexpected.”

First Horizon Shares Fall More Than 40% After TD Bank Merger Fails

Toronto-Dominion (TD) broke free of $13.4 billion deal to overpay for First Horizon

First Horizon Stock Plunges 43% As TD Abandons $13.4 Billion Takeover

TD Bank and First Horizon Bank have called off their $13.4 billion merger. The financial institutions announced the end to their agreement in a joint statement Thursday morning (May 4), saying the decision came after TD told First Horizon that TD didn't have a timetable for regulatory approvals.

TD Bank and First Horizon Scrap $13.4 Billion Merger

First Horizon (NYSE: FHN ) stock is taking a beating on Thursday after the company failed to complete its merger with TD Bank (NYSE: TD ). First Horizon and TD Bank have both agreed to end the merger deal that was originally announced back in February 2022.

Why Is First Horizon (FHN) Stock Down 43% Today?

Thursday's moves come less than a week after First Republic was seized by regulators and sold at a discount to JPMorgan Chase.

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First Horizon and TD Bank have called off a $13 billion deal that would have formed America's sixth-largest bank, adding to the turmoil sweeping the country's regional lenders.

First Horizon stock tumbles 50% after TD Bank merger collapses

The companies said the decision was made after TD Bank considered that obtaining the regulatory prerequisites wasn't certain.

Toronto-Dominion Bank, First Horizon Terminate Merger Agreement

First Horizon Corp and Toronto-Dominion Bank Group have agreed to call off their $13.4 billion deal, the banks said on Thursday.

TD, First Horizon call off $13.4 bln deal

First Horizon Corp. FHN, -7.04% and TD Bank Group TD, +0.40% TD, +0.48% have mutually agreed to end their merger agreement, the companies announced Thursday morning. First Horizon shares were plummeting 45% in premarket trading after the announcement.

First Horizon stock plunges after merger deal with TD Bank is mutually terminated

Executive Leadership to Discuss the Strength and Stability of its Client-Centric Strategy and Commitment to Extend its 159-year History of Driving Value for Shareholders, Associates, Clients, and Communities MEMPHIS, Tenn. , May 4, 2023 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) ("First Horizon" or the "Company") today announced that it will host a conference call on May 4, 2023, at 6:30 a.m.

First Horizon Corporation to Host Investor Conference Call on May 4, 2023, at 6:30 a.m. CT

TD Bank Is Unable to Obtain Timetable for Regulatory Approvals for Reasons Unrelated to First Horizon TORONTO and MEMPHIS, Tenn. , May 4, 2023 /PRNewswire/ - TD Bank Group (TSX: TD) (NYSE: TD) ("TD") and First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") today announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022.

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