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. New to the awards this year, Thnks will also recognize a company that embraces gratitude as a core part of its business building strategy. Sponsored by First Horizon, the Thnks Gratitude in Business Awards™ celebrate exceptional individuals who embody Thnk ...

MEMPHIS, Tenn., Aug. 6, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") has been named to the Forbes' list of America's Best Employers for Women 2024. This prestigious award is presented by Forbes and Statista Inc., the leading statistics portal and industry ranking provider. The award list was announced on July 23rd, 2024, and can be viewed on the Forbes website. America's Best Employers for Women were identified in an independent survey from a vast sample of over 150,000 wome ...

Official Bank of the VOLS MEMPHIS, Tenn., Aug. 1, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is proud to announce that First Horizon Bank has renewed its commitment to the University of Tennessee and signed a 5-year agreement as a Corporate Champion and the Official Bank of the VOLS. First Horizon Renews commitment to The University of Tennessee First Horizon Bank is a longtime supporter of the University and signed its first agreement with the University of Tennessee Athletics ...

Core Insights - First Horizon Corp. has been recognized as one of America's Best Mid-Size Companies for 2024 by TIME Magazine, highlighting its strong performance and commitment to various stakeholders [3]. Company Overview - First Horizon Corp. is a leading regional financial services company with $82.2 billion in assets as of June 30, 2024, headquartered in Memphis, TN [1]. - The company operates through its banking subsidiary, First Horizon Bank, across 12 states in the southern U.S. [1]. - Services offered include commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [1]. Recognition Criteria - The recognition was based on three dimensions: Employee Satisfaction, Revenue Growth, and Sustainability Transparency [2][3]. - Employee Satisfaction was assessed through standardized work-related KPIs from surveys of approximately 170,000 employees over the last three years [3]. - Revenue Growth was evaluated using data from Statista's revenue database, requiring companies to have generated between $100 million and $10 billion in revenue in 2022 or 2023, with positive growth over the last three years [3]. - Sustainability Transparency was measured using ESG data relevant to environmental, social, and corporate governance [3].

Core Points - First Horizon Corporation declared quarterly cash dividends on its preferred stocks and common stock, indicating a commitment to returning value to shareholders [1][2][3][4][6] - The company has significant assets of $82.2 billion as of June 30, 2024, and operates in 12 states across the southern U.S., providing a range of financial services [5] Dividend Information - The quarterly cash dividend for Series C Preferred Stock is $165.00 per share, equating to $0.4125 per Depositary Share, payable on November 1, 2024 [1] - The quarterly cash dividend for Series E Preferred Stock is $1,625.00 per share, equating to $0.40625 per Depositary Share, payable on October 10, 2024 [2] - The quarterly cash dividend for Series F Preferred Stock is $1,175.00 per share, equating to $0.29375 per Depositary Share, payable on October 10, 2024 [3] - The quarterly cash dividend for First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock is $16.39706 per share, payable on October 10, 2024 [4] - The common stock dividend is set at $0.15 per share, payable on October 1, 2024 [6]

($s in millions) 2Q24 1Q24 2Q24 vs. 1Q24 2Q24 1Q24 2Q24 vs. 1Q24 Total Loans (GAAP) $ 62,781 $ 61,753 $ 1,028 2 % $ 62,029 $ 61,152 $ 876 1 % Total Loans excl. LMC (Non-GAAP) 59,847 59,387 460 1 % 59,589 59,305 284 — % 27 (a) Adjusted for notable items as detailed on page 24 (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not foot due to rounding Reconciliation to GAAP financials Period-end Average 8 Deposits trending in line with the industry1 while DDA remains stable 9 ...

Core Insights - First Horizon Corp. shares declined after reporting second-quarter results that fell short of analysts' expectations, primarily due to a decrease in net interest income (NII) [1][5] - The company reported NII of $629 million, slightly down from $631 million year-over-year and below the projected $636 million [2] - Revenue decreased to $815 million from $1.03 billion last year, also missing estimates [2] Financial Performance - Net income for First Horizon fell to $204 million from $329 million last year, which was below the expected $212 million [6] - Earnings per share were reported at $0.34, narrowly missing the anticipated $0.36 [6] Outlook and Industry Context - First Horizon has lowered its full-year NII outlook, now projecting a decrease of 2% to flat compared to the fiscal 2023 mark of $2.56 billion, down from previous estimates of a 1% to 4% increase [7] - The broader banking industry has reported lower NII due to rising deposit costs, which have offset the benefits of higher interest rates on loan payments [3][4]

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First Horizon National (FHN) reported $815 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 21%. EPS of $0.36 for the same period compares to $0.39 a year ago. The reported revenue represents a surprise of -0.59% over the Zacks Consensus Estimate of $819.82 million. With the consensus EPS estimate being $0.37, the EPS surprise was -2.70%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers a ...

First Horizon National (FHN) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this bank holding company would post earnings of $0.34 per share when it actually produced earnings of $0.35, delivering a surprise of 2.94%. Over the last four qu ...