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

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Earnings data Q1 2022

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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.

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MEMPHIS, Tenn. , July 20, 2023 /PRNewswire/ -- First Horizon Bank announced today the launch of its limited-series podcast, "Bucket List-ening.

First Horizon Launches New Podcast Featuring Clients Who Have Brought Their Bucket Lists to Life Tune In to Hear from Bob Emmer, Coach Heupel, Slim & Husky's, and More

An increase in NII and non-interest income drives First Horizon's (FHN) Q2 earnings. However, higher provisions and rising expenses are headwinds.

First Horizon's (FHN) Q2 Earnings Top Estimates, Revenues Rise

First Horizon Corporation (NYSE:FHN ) Q2 2023 Earnings Conference Call July 19, 2023 9:30 AM ET Company Participants Natalie Flanders - Head of IR Bryan Jordan - Chairman, President, and CEO, Hope Dmuchowski - CFO Susan Springfield - Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Markets Casey Haire - Jefferies Michael Rose - Raymond James Brady Gailey - KBW Brody Preston - UBS Timur Braziler - Wells Fargo Anthony Elian - JPMorgan Operator Good morning, and welcome to the First Horizon Second Quarter 2023 Earnings Conference Call. My name is Carla, and I'll be the operator of today's call.

First Horizon Corporation (FHN) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for First Horizon (FHN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Horizon (FHN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

First Horizon National (FHN) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.34 per share a year ago.

First Horizon National (FHN) Q2 Earnings and Revenues Top Estimates

Pre-provision net revenue up 86% from the prior year and up 18% on an adjusted basis* Period end deposits increased $4.0 billion QoQ, or 6%, up 3% year-to-date with common equity tier 1 ratio of 11.1% ROTCE of 21.1% and adjusted ROTCE of 14.6% with tangible book value per share of $11.50* MEMPHIS, Tenn. , July 19, 2023 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today reported second quarter net income available to common shareholders ("NIAC") of $317 million, or earnings per share of $0.56, compared with first quarter 2023 NIAC of $243 million, or earnings per share of $0.43.

First Horizon Corporation Reports Second Quarter 2023 Net Income Available to Common Shareholders of $317 Million, or EPS of $0.56; $219 Million, or $0.39, on an Adjusted Basis*

NEW YORK , July 17, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against First Horizon Corporation ("FHN") (NYSE: FHN), The Toronto-Dominion Bank and its subsidiaries, including wholly owned subsidiary TD Bank US Holding Company (collectively, "TD Bank" and, together with FHN, the "Companies"), and certain officers.  The class action, filed in the United States District Court for the District of New Jersey, and docketed under 23-cv-03024, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired FHN securities between February 28, 2022 and May 3, 2023, both dates inclusive (the "Class Period"), to recover damages from the Defendants for their violations of the federal securities laws under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, as detailed below.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in First Horizon Corporation, The Toronto-Dominion Bank, TD Bank US Holding Company of Class Action Lawsuit and Upcoming Deadline - FHN

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.

First Horizon National (FHN) Reports Next Week: Wall Street Expects Earnings Growth

First Horizon: 7.5% Dividend Yield For 87 Cents On The Dollar With The Preferreds

Let's Find A Way Brand Campaign, Showcasing Real-Life Clients, Earns International Recognition MEMPHIS, Tenn., July 6, 2023 /PRNewswire/ -- First Horizon Bank is thrilled to announce that its Let's Find a Way brand campaign, featuring real First Horizon clients, has been honored with an exceptional tally of eight prestigious marketing industry awards.

First Horizon's Brand Campaign Clinches 8 Coveted Marketing Industry Awards

First Horizon's (FHN) balance sheet strength and rising NII support financials. However, rising costs, declining mortgage income and an unsound liquidity position are headwinds.

Balance Sheet Growth Aids First Horizon (FHN), High Costs Ail

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Fintel reports that on June 28, 2023, Goldman Sachs reiterated coverage of First Horizon (NYSE:FHN) with a Neutral recommendation.

Goldman Sachs Reiterates First Horizon Neutral Recommendation

NEW YORK , June 29, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in First Horizon Corporation ("First Horizon" or the "Company") (NYSE: FHN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of First Horizon investors who were adversely affected by alleged securities fraud between February 28, 2022 and May 3, 2023.

FHN LAWSUIT ALERT: Levi & Korsinsky Notifies First Horizon Corporation Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , June 23, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against First Horizon Corporation ("FHN") (NYSE: FHN), The Toronto-Dominion Bank and its subsidiaries, including wholly owned subsidiary TD Bank US Holding Company (collectively, "TD Bank" and, together with FHN, the "Companies"), and certain officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 23-cv-03024, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired FHN securities between February 28, 2022 and May 3, 2023, both dates inclusive (the "Class Period"), to recover damages from the Defendants for their violations of the federal securities laws under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, as detailed below.

Pomerantz Law Firm Announces the Filing of a Class Action Against First Horizon Corporation, The Toronto-Dominion Bank, TD Bank US Holding Company, and Certain Officers - FHN

MEMPHIS, Tenn. , June 21, 2023 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce second quarter financial results on July 19, 2023.

First Horizon Corporation to Announce Second Quarter Financial Results on July 19, 2023

Volunteers provided students with critical mentoring and positive role models MEMPHIS, Tenn. , June 15, 2023 /PRNewswire/ -- Junior Achievement USA ® (JA) announced that it has honored First Horizon with a bronze 2021-22 U.S. President's Volunteer Service Award in appreciation of their valued partnership and support despite the continued limitations on volunteerism during the pandemic.

First Horizon honored by Junior Achievement with U.S. President's Volunteer Service Award

NEW YORK , June 14, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of First Horizon Corporation. Shareholders who purchased shares of FHN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of First Horizon Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 21, 2023 - (NYSE: FHN)

MEMPHIS, Tenn. , June 13, 2023 /PRNewswire/ -- First Horizon Corp. (NYSE:FHN or "First Horizon") announced today that, effective prior to the opening of business on Tuesday, June 20, 2023, the Company will be added to the KBW Nasdaq Bank Index (BKX) as part of index rebalancing for the second quarter of 2023.

First Horizon Rejoins BKX

J.P. Morgan Chase analysts on Tuesday assigned a neutral rating to First Horizon Corp. FHN, +0.85% with a $13 price target, following a period of no rating. Previously, JPMorgan had a December 2022 price target of $20 with an overweight rating.

JPMorgan resumes coverage of First Horizon with neutral rating as it faces ‘bottom line headwinds'

NEW YORK , June 13, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of First Horizon Corporation (NYSE: FHN) alleging that the Company violated federal securities laws. Class Period: February 28, 2022 to May 3, 2023 Lead Plaintiff Deadline: July 21, 2023 No obligation or cost to you.

FHN ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of July 21, 2023 in the Class Action Filed on Behalf of First Horizon Corporation Shareholders

NEW YORK , June 12, 2023 /PRNewswire/ -- Attention First Horizon Corporation ("First Horizon") (NYSE: FHN) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between February 28, 2022 and May 3, 2023. If you suffered a loss on your investment in First Horizon, contact us about potential recovery by using the link below.

CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind First Horizon Investors of a Lead Plaintiff Deadline of July 21, 2023

NEW YORK , June 10, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against First Horizon Corporation ("First Horizon" or the "Company") (NYSE: FHN) and reminds investors of the July 21, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $100,000 investing in First Horizon stock or options between February 28, 2022 and May 3, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

FIRST HORIZON SHAREHOLDER ACTION REMINDER : Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In First Horizon To Contact Him Directly To Discuss Their Options

A number of insider stock-sales at First Horizon Bank over the past year are raising questions from of one of academia's leading experts on insider trading.

The curious case of a regional bank's insider stock sales

NEW YORK , June 9, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of First Horizon Corporation (NYSE: FHN). To receive updates on the lawsuit, fill out the form: https://claimyourloss.com/securities/first-horizon-class-action-loss-submission-form/?id=40549&from=4 The lawsuit seeks to recover losses for shareholders who purchased First Horizon between February 28, 2022 and May 3, 2023.

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