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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MEMPHIS, Tenn. , April 15, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today announced that Thomas Hung, Executive Vice President, Head of Franchise Finance, will be named Senior Executive Vice President, Chief Credit Officer, effective October 1, 2024.

First Horizon Corporation Names Thomas Hung Chief Credit Officer, Susan Springfield Announces Retirement

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 March 2024.

Stay Ahead of the Game With First Horizon (FHN) Q1 Earnings: Wall Street's Insights on Key Metrics

MEMPHIS, Tenn. , April 11, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") is pleased to announce that Tracy Bell has been promoted to the Chief Investment Officer of First Horizon Advisors Inc., the Wealth Management subsidiary of First Horizon.

Tracy Bell named Chief Investment Officer of First Horizon Advisors Inc.

First Horizon (FHN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate First Horizon National (FHN) to Report a Decline in Earnings: What to Look Out for

MEMPHIS, Tenn. , April 10, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced today the naming of Martin de Laureal as President of First Horizon Advisors, Inc. the Wealth Management subsidiary of First Horizon, and head of Private Banking for the company.

Martin de Laureal Named President of First Horizon Advisors, Inc. and Head of Private Banking of First Horizon Bank

Learn How to Save, Spend and Organize your Financial Life with THE Money Edit MEMPHIS, Tenn. , April 8, 2024 /PRNewswire/ -- First Horizon Corporation  (NYSE: FHN or "First Horizon") is proud to announce a collaboration with The Home Edit  (THE), a lifestyle organizational brand, known for its unique approach to creating beautiful, organized spaces.

First Horizon Bank Announces First-of-its-Kind Collaboration with The Home Edit

Huntington Bancshares

Cullen/Frost Bankers

East West Bancorp

F.N.B. Corp.

Synovus Financial

Truist Financial

Western Alliance Bancorporation

US regional banks' first quarter earnings should demonstrate resilience in earnings per share (EPS) despite a tough revenue growth environment, analysts at the Bank of America believe. They wrote in a note to clients that investors will be looking for potential areas of vulnerability in a higher for longer interest rate backdrop, specifically in commercial real estate, overall credit, and deposit costs.

US regional banks' Q1 earnings expected to show resilient profits despite revenue challenges

First Horizon Corp. has drawn an upgrade, to outperform from market perform, from analysts at KBW, who said the bank offers value as a standalone company that's not likely to pursue another buyer for the time being.

First Horizon wins upgrade as standalone company as analyst looks past scuttled TD Bank merger

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 PRD).

First Horizon Corporation Announces Redemption of Series D Preferred Stock and Corresponding Series D Depositary Shares

MEMPHIS, Tenn. , March 27, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce first quarter financial results on April 17, 2024.

First Horizon Corporation to Announce First Quarter Financial Results on April 17, 2024

First Horizon Foundation Launches Grants for Good, Awarding $10,000 to 160 Nonprofits Advancing Community Development MEMPHIS, Tenn., March 25, 2024 /PRNewswire/ -- In honor of First Horizon Corp.'s 160th anniversary, First Horizon Foundation today announced the Grants for Good campaign, providing $1.6 million to non-profit organizations within the company's footprint.

First Horizon Foundation Celebrates the Company's 160th Anniversary with $1.6 Million in Donations

Despite Ongoing Systemic Inequality, Younger Generations are Growing in Financial Prowess and Confidence MEMPHIS, Tenn. , March 15, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced the results of a comprehensive survey exploring the financial confidence and practices of women in the Southeastern United States.

First Horizon Bank Survey Reveals a New Era of Women's Financial Empowerment

Citi analyst Ben Gerlinger on Wednesday highlighted a quartet of bank names with appealing valuations, momentum and quality despite headwinds caused by fewer rate cuts expected in 2024.

First Horizon, Popular, East West Bancorp, Western Alliance get top billing as Citi flags undervalued regional banks

MEMPHIS, Tenn. , March 11, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced that Tracy Bell, Director of Equity Investments Strategies, was honored as a 2024 Women Who Shape the State by This is Alabama.

Tracy Bell honored as Women Who Shape the State 2024

Honored with the Kate Gooch Leader of the Year Award MEMPHIS, Tenn. , March 7, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced Vernon Stafford, Jr., Senior EVP/Chief Audit Executive, received the Kate Gooch Leader of the Year award at the 2024 Leadership Memphis Awards Luncheon held on March 5, 2024.

Vernon Stafford, Jr. recognized by Leadership Memphis

MEMPHIS, Tenn. , March 6, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced that it received a 2024 Training APEX Awards from Training magazine, the leading business publication for Learning and Development (L&D) professionals.

First Horizon Received APEX Award from Training Magazine

First Horizon Corporation provides banking solutions to both commercial clients and consumers. The company's performance in 2023 experienced decent growth on a YoY basis, and the business has strong solvency and liquidity profiles. The commons are attractive as a dividend pick, but the Series F preferreds are the better value/dividend pick here.

First Horizon: Both Dividend And Value Investors Should Consider The Series F Preferreds

Cigna

PagSeguro Digital

State Street

Molson Coors Brewing

The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like TAP, PAGS, CI, STT and FHN hold promise.

5 Valuable Low Price-to-Sales Stocks to Refresh Your Portfolio

MEMPHIS, Tenn. , Feb. 27, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") has promoted Ashley Argo to Deputy Chief Risk Officer.

First Horizon Names Ashley Argo Deputy Chief Risk Officer

MEMPHIS, Tenn. , Feb. 26, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced that Chairman, President, and Chief Executive Officer Bryan Jordan will participate at the 2024 RBC Capital Markets Global Financial Institutions Conference on March 6, 2024, at 8:40 am ET.

First Horizon Corporation to Participate at the 2024 RBC Capital Markets Global Financial Institutions Conference

First Horizon Associates to Give 1,600 $25 Gift Cards to the Community MEMPHIS, Tenn. , Feb. 23, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") In honor of its upcoming 160th anniversary on March 25 th, 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).

First Horizon Bank Celebrates 160 Years by Giving Away $40,000 during Random Acts of Kindness Week

Citizens Financial Group

Comerica

KeyCorp

M&T Bank

New York Community Bancorp

While commercial-real-estate loan delinquencies will increase, the $39 billion that banks have already set aside to cover losses should be enough to mitigate any impact to the system, Citi analysts said Friday.

Fears about office-space loans are ‘overblown,' Citi says

MEMPHIS, Tenn. , Feb. 16, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") has been recognized by DiversityComm Magazine as a 2024 Top Black Employer.

DiversityComm Magazine Names First Horizon as a 2024 Top Black Employer

MEMPHIS, Tenn. , Feb. 15, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") has been recognized by DiversityComm Magazine  as a 2024 Top Hispanic Employer for the second year in a row.

First Horizon Recognized by DiversityComm Magazine as 2024 Top Hispanic Employer

MEMPHIS, Tenn. , Feb. 14, 2024 /PRNewswire/ -- First Horizon is proud to be Certified™ by Great Place To Work® for the second year in a row and fifth time in seven years.

News for First Horizon National Stock (FHN)