First Horizon(FHN)

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First Horizon National (FHN) Earnings Expected to Grow: Should You Buy?
ZACKSยท 2025-07-09 15:01
Core Viewpoint - First Horizon National (FHN) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 16, with a consensus estimate of $0.41 per share, reflecting a year-over-year increase of +13.9%. Revenues are projected to be $826.37 million, up 1.4% from the previous year [3][2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 1.73% lower, indicating a reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +2.94% for First Horizon, suggesting analysts have recently become more optimistic about the company's earnings. However, the stock holds a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, First Horizon exceeded the consensus EPS estimate of $0.40 by delivering earnings of $0.42, resulting in a surprise of +5.00%. Over the past four quarters, the company has beaten consensus EPS estimates three times [13][14]. Conclusion - While First Horizon does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].
First Horizon Corporation Announces Redemption of Series B Preferred Stock and Corresponding Series B Depositary Shares
Prnewswireยท 2025-07-02 11:00
Core Viewpoint - First Horizon Corporation will redeem all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, on August 1, 2025, with no shares remaining outstanding after the redemption [1][2]. Redemption Details - The redemption price is set at $25.00 per Series B Depository Share, equating to $10,000 per share of Series B Preferred Stock [2]. - Accrued dividends will not be included in the redemption price since the Redemption Date coincides with a dividend payment date [2]. - The regular semi-annual dividend declared in April will be paid separately on August 1, 2025, to shareholders of record as of July 17, 2025 [2]. Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, is a prominent regional financial services company headquartered in Memphis, TN [4]. - The company operates in 12 states across the southern U.S. and offers a 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 recognition 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 [4].
First Horizon Recognized on Forbes List of Best-In-State Banks
Prnewswireยท 2025-07-01 20:08
Core Insights - First Horizon Bank has been recognized on Forbes' list of America's Best-In-State Banks 2025, highlighting its value to residents in each state [1][2] - The ranking is based on an independent survey of over 26,000 customers, evaluating banks on criteria such as Trust, Financial Advice, Client Services, Digital Services, Branch Services, and Terms & Conditions [1] Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, is a leading regional financial services company headquartered in Memphis, TN [3] - The company operates in 12 states across the southern U.S. and offers 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 [3] - First Horizon has received recognition 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 [3]
First Horizon Recognized by Crisil Coalition Greenwich with 19 Small Business and Middle Market Banking Awards
Prnewswireยท 2025-06-24 22:14
Core Insights - First Horizon Corporation has been recognized as a leader in the banking sector, receiving 19 prestigious regional and national awards from Crisil Coalition Greenwich for its high levels of client service and innovative banking approach [1][2]. Group 1: Awards and Recognition - First Horizon received the 2025 Best Bank Awards in the categories of Middle Market Banking and Small Business Banking in the U.S. [2] - The awards are based on feedback from approximately 20,000 businesses and an evaluation of over 500 banks across the U.S. [1] Group 2: Company Overview - As of March 31, 2025, First Horizon Corporation has $81.5 billion in assets and operates in 12 states across the southern U.S. [3] - The company offers a wide range of financial services, including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services [3]. Group 3: Client Trust and Satisfaction - The recognition highlights the high levels of trust clients have in First Horizon, emphasizing the company's commitment to delivering excellence and strengthening client relationships [1][3]. - First Horizon has been acknowledged as one of the nation's best employers and a Top 10 Most Reputable U.S. Bank by Fortune and Forbes magazines [3]. Group 4: Specific Awards Categories - First Horizon received multiple awards including Best Bank for Overall Satisfaction with Relationship Manager, Best Bank for Trust, and Best Bank for Customer Service among others [4].
First Horizon Corporation to Announce Second Quarter Financial Results on July 16, 2025
Prnewswireยท 2025-06-18 20:15
Group 1 - First Horizon Corporation (NYSE: FHN) plans to announce its second quarter financial results on July 16, 2025, with a news release available at approximately 6:30 am ET [1] - A live conference call and webcast presentation will be held on the same day at 9:30 am ET [1] - The company has $81.5 billion in assets as of March 31, 2025, and operates in 12 states across the southern U.S. [4] Group 2 - The banking subsidiary, First Horizon Bank, offers a 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 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 [4]
Standard Premium Finance Holdings Increases Line of Credit with First Horizon Bank to Support Ongoing Growth
Globenewswireยท 2025-06-17 14:02
Core Insights - Standard Premium Finance Holdings, Inc. has increased its revolving line of credit with First Horizon Bank from $45 million to $50 million, supporting its strategic growth [1][2] - The company has experienced significant financial growth, with a 24.9% year-over-year revenue increase and an 84.1% surge in net income for FY 2024 [2] - The expanded line of credit will enable the company to meet growing demand, invest in innovation, and enhance customer service [3] Financial Performance - Standard Premium reported a 24.9% year-over-year revenue increase [2] - Net income surged by 84.1% in FY 2024 [2] - Loan originations rose by 14% [2] - In Q1 2025, earnings per share increased by 230% while operating expenses were reduced by 7.8% year-over-year [2] Company Background - Standard Premium has financed over $2 billion in property and casualty insurance policies since 1991 and operates in 38 states [3] - The company is actively seeking M&A opportunities to leverage economies of scale [3]
First Horizon's Credit Ratings Outlook Upgraded to Positive by Moody's
ZACKSยท 2025-06-16 17:31
Core Viewpoint - First Horizon Corporation's credit ratings outlook has been upgraded to positive by Moody's, reflecting improvements in its regional banking franchise and deposit quality [1][9]. Group 1: Ratings and Outlook - Moody's upgraded First Horizon's long-term issuer rating and senior unsecured notes, affirming its Baa3 long-term issuer rating [1]. - The positive outlook is attributed to First Horizon's strengthening regional banking franchise in the Southeast and effective risk management [2][6]. - Moody's expects ongoing improvements in asset quality and funding despite uncertain economic conditions [2]. Group 2: Financial Performance - First Horizon has demonstrated consistent performance with decent asset quality, strong capitalization, and adequate liquidity [3]. - The bank's tangible common equity (TCE) ratio is 10.6% and the CET1 ratio is 10.9% as of March 2025, both within or slightly above target ranges [5]. - Profitability is recovering, supported by specialty lending and effective deposit pricing management, although fee income remains volatile [5][9]. Group 3: Risk Management and Future Prospects - Moody's noted that an upgrade is likely if First Horizon continues prudent risk management and improves deposit quality [7]. - The bank's deposit franchise has shown resilience, particularly after the collapse of its planned merger with Toronto-Dominion Bank [4]. - Ongoing improvements in capital, asset quality, and funding diversification support the positive outlook [6]. Group 4: Market Performance - Over the past year, First Horizon's shares have increased by 36.5%, outperforming the industry's growth of 24.4% [8].
First Horizon (FHN) 2025 Conference Transcript
2025-06-11 16:25
First Horizon (FHN) 2025 Conference June 11, 2025 11:25 AM ET Speaker0 All right. Up next we have First Horizon. I'll get my usual disclosure out of the way. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. The taking of photographs and use of recording devices is not allowed. If you have any questions, please reach out to your Morgan Stanley sales representative. With that, we're delighted to have with us today Brian Jordan, Chai ...
Here's Why First Horizon National (FHN) is a Strong Momentum Stock
ZACKSยท 2025-05-22 14:51
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] Group 2: Zacks Style Scores - Zacks Style Scores are indicators designed to help investors select stocks with the highest potential to outperform the market within 30 days, rated from A to F based on value, growth, and momentum [2] - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Group 3: Value Score - The Value Score identifies attractive and discounted stocks using ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors [3] Group 4: Growth Score - The Growth Score evaluates stocks based on projected and historical earnings, sales, and cash flow, targeting growth investors interested in sustainable long-term growth [4] Group 5: Momentum Score - The Momentum Score assists investors in capitalizing on price trends by analyzing one-week price changes and monthly earnings estimate changes [5] Group 6: VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [6] Group 7: Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] Group 8: Stock Analysis - First Horizon National (FHN) - First Horizon Corporation, based in Memphis, TN, offers diversified financial services through its subsidiary First Horizon Bank, including regional banking, mortgage lending, and wealth management [11] - FHN holds a 3 (Hold) Zacks Rank with a VGM Score of B, and a Momentum Style Score of B, having increased by 11.7% over the past four weeks [12] - Analysts have revised FHN's earnings estimate higher for fiscal 2025, with the Zacks Consensus Estimate rising by $0.04 to $1.71 per share, and an average earnings surprise of 6.5% [12]
First Horizon Marks 15 Years of Teaching Kids to Save with Record Impact
Prnewswireยท 2025-05-21 20:45
Core Insights - First Horizon Corporation has achieved a record participation in the Teach Children to Save program, educating 8,900 students in financial literacy [1][3] - The initiative is part of a 15-year partnership with the American Bankers Association Foundation, emphasizing the importance of financial education in schools [3] - The program aims to fill knowledge gaps in traditional education by teaching essential money management skills such as saving, budgeting, and responsible spending [1][3] Company Overview - First Horizon Corporation, as of March 31, 2025, has $81.5 billion in assets and operates in 12 states across the southern U.S. [5] - The company offers a wide range of financial services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [5] - First Horizon has received recognition as one of the best employers and a top reputable bank in the U.S. by Fortune and Forbes magazines [5]