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First Horizon: A Double Downgrade Is In Order
Seeking Alpha· 2024-10-11 11:47
Group 1 - The article reflects on the passage of time since the last analysis of First Horizon (NYSE: FHN), indicating a year has passed since the last report [1] - Crude Value Insights is highlighted as an investment service focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it [1] - The service aims to identify value and growth prospects within the oil and gas industry, suggesting a focus on companies with real potential [1] Group 2 - Subscribers to Crude Value Insights gain access to a model account with over 50 stocks, providing in-depth cash flow analyses of exploration and production (E&P) firms [2] - The service includes live chat discussions about the sector, enhancing community engagement and information sharing among subscribers [2] - A promotional offer is available for a two-week free trial, encouraging new users to explore the oil and gas investment opportunities [2]
First Horizon National (FHN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-09 15:03
Core Viewpoint - First Horizon National (FHN) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended September 2024, with the consensus outlook suggesting a positive earnings picture [1][3]. Earnings Expectations - The consensus EPS estimate for First Horizon is $0.38 per share, reflecting a year-over-year increase of +40.7% [3]. - Expected revenues for the quarter are $821.63 million, which is a 5.6% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.27%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for First Horizon is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.18%, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - First Horizon currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, First Horizon was expected to post earnings of $0.37 per share but delivered $0.36, resulting in a surprise of -2.70% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [12]. Conclusion - First Horizon is viewed as a compelling candidate for an earnings beat, but investors are advised to consider other factors that may influence stock performance ahead of the earnings release [15].
First Horizon Foundation Commits $250,000 to Hurricane Helene Relief Efforts in Affected Communities
Prnewswire· 2024-10-04 18:10
MEMPHIS, Tenn., Oct. 4, 2024 /PRNewswire/ -- First Horizon Foundation announced today its pledge of $250,000 to help communities impacted by Hurricane Helene. These funds will be distributed through nonprofit partners to address the needs of affected areas. Applications for funding to 501(c)(3) organizations can be submitted online at https://firsthorizonfoundation.com/HeleneRelief. Immediately following the storm, First Horizon Corporation provided manpower and distributed essential supplies, including wat ...
Memphis Business Journal Names Erin Pryor One of the 2024 Super Women in Business
Prnewswire· 2024-10-04 16:00
Core Points - First Horizon Corp.'s Chief Marketing Officer, Erin Pryor, has been recognized as one of the 2024 Super Women in Business by the Memphis Business Journal, honoring her leadership and contributions [1][2] - The recognition highlights the importance of female leaders who excel in decision-making and community involvement [3] Company Overview - First Horizon Corp. has $82.2 billion in assets as of June 30, 2024, and operates as a leading regional financial services company [4] - The company provides a wide range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [4] - First Horizon has received accolades as one of the nation's best employers and a Top 10 Most Reputable U.S. Bank [4]
Here's Why First Horizon National (FHN) is a Strong Value Stock
ZACKS· 2024-10-01 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...
First Horizon Announces Natalie Flanders Receives NEXT Award by American Banker
Prnewswire· 2024-09-30 20:00
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. American Banker's NEXT Awards recognize high-achieving executives ages 40 and under who have been identified by senior leaders and mentors as executing major internal projects, initiating meaningful change, and shaping the future of financial services. Natalie ...
First Horizon Is Now the Official Bank of the Ragin' Cajuns
Prnewswire· 2024-09-19 18:00
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. This five-year agreement expands First Horizon's long-term commitment to the University and includes a Ragin' Cajun Visa Debit card, prominent in-venue signage, entertainment and hospitality opportunities along with participation in game day fan activations and experiences, including ...
SEC Charges Broker-Dealer First Horizon With Regulation Best Interest Violations
Newsfile· 2024-09-18 13:24
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). The charges relate to First Horizon's recommendations of a type of derivative security called a structured note. First Horizon agreed to pay a civil penalty of $325,000 to resolve the SEC ...
First Horizon Corporation to Announce Third Quarter Financial Results on October 16, 2024
Prnewswire· 2024-09-12 20:15
MEMPHIS, Tenn., Sept. 12, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce third quarter financial results on October 16, 2024. The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:45 am ET/5:45 am CT. FHN management will host a live conference call and webcast presentation that morning with details as follows: Time: 9:30 am (ET)/8:30 am (CT) Webcast/Presentation: A live webcast will be available at ir.firsthorizon.com under Event ...
First Horizon Announces Endowed Scholarship at LeMoyne-Owen College
Prnewswire· 2024-08-20 18:00
Core Viewpoint - First Horizon Corp. has established the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College as part of a new educational initiative aimed at investing in future professionals and enhancing community engagement [1][2]. Group 1: Scholarship Details - The endowed scholarship will provide one scholarship per year to a student interested in finance or banking, emphasizing the importance of accessibility and enrichment for all [3]. - The partnership will also include programming focused on financial education, professional skill development, and career opportunities tailored to the needs of LeMoyne-Owen College students [2]. Group 2: Company Commitment - Bryan Jordan, Chairman, President and CEO of First Horizon, expressed the company's commitment to long-term community sustainability and prioritizing education [4]. - Dr. Christopher B. Davis, President of LeMoyne-Owen College, highlighted the significance of First Horizon's investment in creating pathways for students and training future leaders [4]. Group 3: Company Overview - First Horizon Corp. has $82.2 billion in assets as of June 30, 2024, and operates in 12 states across the southern U.S., offering a wide range of financial services [5]. - The company has been recognized as one of the nation's best employers and a Top 10 Most Reputable U.S. Bank [5].