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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Earnings data Q2 2023

Earnings data Q3 2023

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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.

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FHN's Q3 2024 earnings benefit from a rise in NII and fee income, alongside deposit growth. Yet, rising costs and declining loan balances remain concerns.

First Horizon Stock Up on Q3 Earnings Beat, NII & Fee Income Rise Y/Y

First Horizon Corporation (NYSE:FHN ) Q3 2024 Earnings Conference Call October 16, 2024 9:30 AM ET Company Participants Natalie Flanders - Head, Investor Relations Bryan Jordan - Chairman, President and Chief Executive Officer Hope Dmuchowski - Chief Financial Officer Thomas Hung - Deputy Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Michael Rose - Raymond James Jon Arfstrom - RBC Capital Jared Shaw - Barclays Capital Samuel Varga - UBS Chris McGratty - KBW Timur Braziler - Wells Fargo Christopher Marinac - J. Montgomery Scott Operator Good morning all and thank you for joining us for the First Horizon Third Quarter 2024 Earnings Conference Call.

First Horizon Corporation (FHN) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for First Horizon (FHN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About First Horizon (FHN) Q3 Earnings

First Horizon National (FHN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.27 per share a year ago.

First Horizon National (FHN) Tops Q3 Earnings and Revenue Estimates

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 or "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.

First Horizon Corporation's Momentum Continues with Strong Third Quarter 2024 Results; Net Income Available to Common Shareholders of $213 Million or EPS of $0.40; $224 Million or $0.42 on an Adjusted Basis, both up $0.06 from prior quarter*

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 September 2024.

First Horizon (FHN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

First Horizon's stock surged 53.6% in the past year, but recent financial metrics show declining deposits, increased debt, and lower revenue and profits. The bank's uninsured deposit exposure is now 41%, significantly above the preferred 30% threshold, raising concerns about its financial stability. Despite some positive trends like rising loans and cash equivalents, the overall balance sheet and income statement reveal weakening fundamentals.

First Horizon: A Double Downgrade Is In Order

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.

First Horizon Bank named Official Bank of the Courage - NC Courage

Arena to be Named First Horizon Coliseum MEMPHIS, Tenn. , Oct. 7, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "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.

First Horizon Bank to Become First Naming Rights Partner of Greensboro Coliseum

MEMPHIS, Tenn. , Oct. 4, 2024 /PRNewswire/ -- First Horizon Foundation announced today its pledge of $250,000 to help communities impacted by Hurricane Helene.

First Horizon Foundation Commits $250,000 to Hurricane Helene Relief Efforts in Affected Communities

MEMPHIS, Tenn. , Oct. 4, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is pleased to announce that its Chief Marketing Officer Erin Pryor has been recognized by the Memphis Business Journal as one of their 2024 Super Women in Business.

Memphis Business Journal Names Erin Pryor One of the 2024 Super Women in Business

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Here's Why First Horizon National (FHN) is a Strong Value Stock

MEMPHIS, Tenn. , Sept. 30, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced that Natalie Flanders, Senior Vice President and Head of Investor Relations, has been recognized by American Banker as a NEXT Award recipient.

First Horizon Announces Natalie Flanders Receives NEXT Award by American Banker

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MEMPHIS, Tenn. , Sept. 25, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced that it has been recognized on the list of Time Magazine's World's Best Companies.

First Horizon Recognized by TIME Magazine on list of World's Best Companies

NASHVILLE, Tenn., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Thnks , the first on-demand gratitude expression platform for enterprises, SMBs, and individual contributors, today announced Troy Stevenson, Account Manager at Pegasus Logistics Group as the individual winner and Pegasus Logistics Group as the company winner for the 2024 Thnks Gratitude in Business Awards sponsored by First Horizon.

UPDATE - Thnks Announces Winners of the 2024 Thnks Gratitude in Business Awards

Thnks Announces Winners of the 2024 Thnks Gratitude in Business Awards

FHN's wealth management subsidiary to pay $325,000 to settle SEC charges related to violation of Reg BI policies.

First Horizon Unit Penalized by SEC, to Pay $325,000 to Settle Charges

MEMPHIS, Tenn. , Sept. 19, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is proud to announce that First Horizon Bank is now the Official Bank of the University of Louisiana at Lafayette Ragin' Cajuns.

First Horizon Is Now the Official Bank of the Ragin' Cajuns

Washington, D.C.--(Newsfile Corp. - September 18, 2024) - The Securities and Exchange Commission today announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best Interest (Reg BI).

SEC Charges Broker-Dealer First Horizon With Regulation Best Interest Violations

Helping to Make Homeownership a Reality for Deserving Families MEMPHIS, Tenn. , Sept. 16, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") is excited to announce its participation in the relaunch of ABC's "Extreme Makeover: Home Edition," set to air in 2025.

First Horizon Announces Sponsorship of ABC's "Extreme Makeover: Home Edition"

MEMPHIS, Tenn. , Sept. 12, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce third quarter financial results on October 16, 2024.

First Horizon Corporation to Announce Third Quarter Financial Results on October 16, 2024

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.

First Horizon Corporation to Participate at the Barclays 22nd Annual Global Financial Services Conference

MEMPHIS, Tenn. , Aug. 20, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College.

First Horizon Announces Endowed Scholarship at LeMoyne-Owen College

NASHVILLE, Tenn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Thnks , the first on-demand gratitude expression platform for enterprises, SMBs, and individual contributors, today announced the finalists for its annual 2024 Thnks Gratitude in Business Awards™  program.

News for First Horizon National Stock (FHN)