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].

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]

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]

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 Summary Company Overview - **Company**: First Horizon (FHN) - **Date**: June 11, 2025 - **Speakers**: Brian Jordan (Chairman, President, and CEO), Tammy Locascio (COO) Key Points Strategic Opportunities - First Horizon has made significant progress post the termination of the TD merger, focusing on integrating operations and enhancing customer relationships [4][5] - The company aims to consolidate its go-to-market strategies in consumer banking from 13 to 1, targeting over $100 billion in pretax operating profit from existing business [5][6] Customer Sentiment and Economic Outlook - Customer sentiment remains positive, with a focus on understanding the impacts of tariff negotiations and inflation [9][10] - The company anticipates a pickup in economic momentum in its southern footprint once clarity on trade agreements and inflation is achieved [10] Lending Environment - The lending environment is stable, with credit quality remaining strong and loan growth at approximately 1% for the quarter [14] - Commercial real estate lending has seen a decline due to higher interest rates, with a noted decrease of $25 million in the current quarter [15] Interest Rate Management - First Horizon has an interest rate neutral balance sheet, which allows it to manage fluctuations in interest rates effectively [20][21] - The company has successfully reduced deposit costs by 27 basis points, although competition in the market has increased [23][24] Technology Investments - Significant investments in technology are being made to enhance customer experiences and operational efficiency, including moving platforms to the cloud [30][31] - The company is focused on building a consumer digital platform and a new suite of private client products [32] Regulatory Environment - First Horizon is optimistic about potential regulatory changes that could ease compliance burdens as it approaches the $100 billion asset threshold [40][41] Credit Quality and Industry Specialization - The company maintains a constructive outlook on credit quality, with credit losses expected to remain in the mid to high teens [50] - Specialization in various industries, such as restaurant franchise finance, enhances relationship-building and credit performance [52][55] M&A Environment - The M&A environment is expected to improve, with clarity on interest rates and credit marks being crucial for future acquisitions [71][72] Market Perception - The market recognizes the value of First Horizon's southern footprint and the potential for improved profitability [73] Additional Insights - The company has successfully retained 95% of customers who were repriced after special rate offers, indicating strong customer relationship management [27][28] - The focus on expense discipline remains, with contingency plans in place for project management [35][36] This summary encapsulates the key insights and strategic directions discussed during the First Horizon conference, highlighting the company's focus on growth, customer relationships, and navigating the current economic landscape.

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]

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]

Core Insights - 1000 NORTH Sarasota has partnered with First Horizon Bank for financing the development of a new dining club and wine attic lounge, set to open in late 2025 [1][5] - The project aims to create an exclusive retreat and community asset, with a commitment to local hiring and sustainable practices, projected to generate nearly 40 new jobs [2] Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, operates in 12 states and offers a range of financial services including commercial and private banking [6] - 1000 NORTH Sarasota is a members-only venue located in Downtown Sarasota, providing an elegant dining experience, exceptional service, and a curated wine list [7][8] Development Details - The Sarasota club is modeled after 1000 NORTH Jupiter, a renowned waterfront restaurant and private club founded by notable partners including Michael Jordan and Ernie Els [3] - The development is a collaboration between managing partner Ira Fenton and local developer Kevin Daves, known for projects like The Concession Golf Club [4]

Financial Performance - Net income for Q1 2025 rose to $222 million, up 12.7% from $197 million in Q1 2024[26]. - Basic and diluted earnings per common share increased to $0.41 in Q1 2025, compared to $0.33 in Q1 2024, representing a 24.2% increase[24]. - Comprehensive income for Q1 2025 was $367 million, significantly higher than $114 million in Q1 2024[26]. - Total revenues for the consolidated entity were $812 million in Q1 2025, compared to $819 million in Q1 2024, reflecting a decrease of approximately 0.9%[176]. - Net income for the consolidated entity was $222 million in Q1 2025, compared to $197 million in Q1 2024, showing an increase of approximately 12.7%[176]. Asset and Liability Management - Total assets decreased to $81,491 million as of March 31, 2025, from $82,152 million at the end of 2024, representing a decline of 0.8%[21]. - Total deposits decreased to $64,208 million, a decline of 2.1% from $65,581 million[21]. - Total equity decreased to $9,044 million from $9,111 million, a decline of 0.7%[21]. - Cash and cash equivalents at the end of the period rose to $1,643 million from $1,566 million year-over-year[34]. - The total balance of pension and post-retirement plans as of March 31, 2025, was $(983) million, a decrease from $(1,271) million as of March 31, 2024[160]. Loan and Lease Performance - Net loans and leases amounted to $61,393 million, down from $61,750 million, indicating a decrease of 0.6%[21]. - The total amortized cost basis of loans and leases was $62,215 million as of March 31, 2025, a decrease from $62,565 million as of December 31, 2024[61]. - The provision for loan and lease losses for the three months ended March 31, 2025, was $36 million, compared to $54 million for the same period in 2024[112]. - The total charge-offs for the three months ended March 31, 2025, amounted to $41 million, while recoveries were $12 million, resulting in a net charge-off of $29 million[112]. - The company modified loans for troubled borrowers, including interest rate reductions and maturity date extensions, to align with their repayment capabilities[90]. Income and Expense Analysis - Total interest income for Q1 2025 was $1,014 million, a decrease of 5.5% from $1,073 million in Q1 2024[23]. - Net interest income after provision for credit losses increased to $591 million in Q1 2025, compared to $575 million in Q1 2024, reflecting a 2.8% growth[23]. - Total noninterest income decreased to $181 million in Q1 2025, down 6.7% from $194 million in Q1 2024[23]. - Total noninterest expense decreased to $487 million in Q1 2025, a reduction of 5.4% from $515 million in Q1 2024[23]. - The provision for credit losses was $40 million in Q1 2025, compared to $50 million in Q1 2024, indicating a decrease of 20%[176]. Capital and Equity Management - The allowance for loan and lease losses increased to $822 million, up from $815 million, reflecting a rise of 0.9%[21]. - Retained earnings increased to $4,517 million, up from $4,382 million, showing a growth of 3.1%[21]. - Preferred stock issued remained at 16,750 shares, with a total value of $426 million[21]. - The company reported a total of $438 million in non-cumulative perpetual preferred stock as of March 31, 2025, slightly up from $426 million at the end of 2024[133]. - The Class A Preferred Stock recognized as noncontrolling interest on the Consolidated Balance Sheets was $295 million as of March 31, 2025, consistent with the previous reporting period[135]. Market and Economic Conditions - The company is focused on enhancing its capital position through non-GAAP measures such as tangible common equity to tangible assets[17]. - Future strategies include adapting products and services to meet changing industry standards and client preferences[13]. - The company utilized multiple macroeconomic scenarios to estimate credit losses, with a focus on the Moody's baseline scenario as the base case[110]. - The allowance for credit losses (ACL) increased to $905 million as of March 31, 2025, up from $866 million as of March 31, 2024, reflecting concerns over potential economic instability[112]. - The company plans to continue utilizing FICO scores and other attributes to assess credit quality, enhancing risk management strategies moving forward[71].

Company Overview - First Horizon Bank has been named the Official Financial Services sponsor of the 2025 FedEx St. Jude Championship, taking place from August 6-10, 2025 [1][2] - The bank has a legacy of 161 years and operates over 400 banking centers across the southeastern U.S., providing a range of financial services [2][4] - As of March 31, 2025, First Horizon Corp. has $81.5 billion in assets and has been recognized as one of the best employers and a top reputable bank in the U.S. [4] Industry Context - The FedEx St. Jude Championship is the first of three events in the FedExCup Playoffs, featuring the top 70 players in the FedExCup Playoffs and Eligibility Points List [3][5] - The tournament has been held annually in Memphis since 1958, with 2025 marking the fourth year of hosting a Playoffs event [5] - Since 1970, the tournament has raised over $80 million for St. Jude Children's Research Hospital, ensuring that families do not receive bills for treatment [5]