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First Horizon Named to the Forbes America's Best-In-State Banks 2024
Prnewswire· 2024-06-25 14:00
Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America's Best-In-State Banks 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state. The ranking is based on two sources: 1. An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all banks where t ...
First Horizon Foundation Awards $1.6 Million to Grants for Good Recipients
Prnewswire· 2024-06-18 14:00
MEMPHIS, Tenn., June 18, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced the recipients of the Grants for Good campaign. In honor of the bank's 160th anniversary and after receiving more than 3,500 applications, the First Horizon Foundation awarded $1.6 million to 160 nonprofits across the bank's footprint that have made a significant impact on the development and stability of their communities. "We are honored to recognize these outstanding nonprofit organizations th ...
First Horizon Bank has been named to the Financial Brand's Power 100 Banks Using Social Media
Prnewswire· 2024-06-17 18:00
Parameters in this social media database include the most Facebook likes and new Facebook likes; the most X followers, new X followers, posts sent, and X accounts followed; the most YouTube video views, new YouTube views, and YouTube subscribers; and the most Instagram followers, new Instagram followers, Instagram posts, and new Instagram posts. First Horizon Corp. (NYSE: FHN), with $81.8 billion in assets as of March 31, 2024, is a leading regional financial services company, dedicated to helping our clien ...
nCino Deploying Banking Advisor, a Generative AI Solution to Drive New Efficiencies in Financial Institutions
Newsfilter· 2024-06-17 11:30
Company's Gen AI tool, powered by nCino IQ (nIQ), delivers real-time intelligence and optimizes decisionmaking with data-driven insights for financial institutions across asset sizes and geographies Participants of Banking Advisor's closed beta testing Product Design Program finding efficiency gains through employee time savings and proactive portfolio management WILMINGTON, N.C., June 17, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services indus ...
First Horizon Corporation to Announce Second Quarter Financial Results on July 17, 2024
Prnewswire· 2024-06-14 20:15
Company Overview - First Horizon Corporation (NYSE: FHN) is a leading regional financial services company with $81.8 billion in assets as of March 31, 2024 [2] - The company is headquartered in Memphis, TN, and operates in 12 states across the southern U.S. through its banking subsidiary, First Horizon Bank [2] - Services offered include commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [2] - First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [2] Upcoming Financial Results - First Horizon plans to announce its second quarter financial results on July 17, 2024 [5] - The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:45 am ET/5:45 am CT [5] - Management will host a live conference call and webcast presentation on the same day [5]
Here's Why First Horizon (FHN) Stock is a Must Buy Right Now
ZACKS· 2024-06-06 17:26
Adding First Horizon Corporation (FHN) to your portfolio now seems to be a good idea. Supported by higher interest rates and a solid loan and deposit balance, the company is well-poised for growth. Over the past six months, the company's shares have gained 14.4% against the industry's 1.7% decline. Now, let's discuss some of the important factors that make FHN stock worth a look. Overall, FHN's strategic acquisitions, diversified loan portfolio and presence in high-growth markets will bolster its financial ...
Best Income Stocks to Buy for June 5th
ZACKS· 2024-06-05 10:11
This Zacks Rank #1 company has a dividend yield of nearly 2%, compared with the industry average of 0.1%. First Horizon Corporation (FHN) : This bank holding company for First Horizon Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 3.8%, compared with the industry average of 0.7%. InterContinental Hotels Group PLC (IHG) : This company which owns, manages, franchises, and leases hotels has ...
First Horizon (FHN) Upgraded to Strong Buy: Here's Why
zacks.com· 2024-05-29 17:01
Investors might want to bet on First Horizon National (FHN) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The pow ...
First Horizon Bank Recognized as One of Forbes America's Best Employers for New Grads 2024
Prnewswire· 2024-05-22 15:00
MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") has been recognized as one of America's Best Employers for New Grads 2024! This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 21, 2024, and can be viewed on Forbes.com. America's Best Employers for New Grads are identified in an independent survey from a vast sample of over 100,000 U.S. youn ...
Are Investors Undervaluing First Horizon (FHN) Right Now?
zacks.com· 2024-05-22 14:46
Core Viewpoint - The article emphasizes the importance of value investing and highlights First Horizon (FHN) as a potentially undervalued stock based on various valuation metrics [2][8]. Valuation Metrics - First Horizon (FHN) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential for value investors [4]. - The Forward P/E ratio for FHN is 10.29, significantly lower than the industry average of 12.83, suggesting it may be undervalued [4]. - FHN's P/B ratio stands at 1.02, compared to the industry's average P/B of 1.80, indicating an attractive valuation [5]. - The P/S ratio for FHN is 1.71, which is slightly below the industry's average P/S of 1.74, further supporting its value proposition [6]. - FHN's P/CF ratio is 9.51, well below the industry's average P/CF of 13.92, reinforcing the notion that it is undervalued based on cash flow strength [7]. - Overall, these metrics suggest that FHN is likely undervalued at the moment, making it an impressive value stock [8].