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Here's Why First Horizon (FHN) Looks Ripe for Bottom Fishing
ZACKS· 2025-03-06 15:55
Core Insights - First Horizon National (FHN) shares have declined by 5.3% over the past week, but a hammer chart pattern suggests potential support and a trend reversal [1][2] - Wall Street analysts are increasingly optimistic about FHN's future earnings, which supports the likelihood of a trend reversal [2][6] Technical Analysis - A hammer chart pattern indicates a potential bottom in price, characterized by a small candle body and a long lower wick, suggesting that selling pressure may be exhausting [3][4] - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may be losing control, indicating a possible trend reversal [4] Fundamental Analysis - Recent upward revisions in earnings estimates for FHN serve as a bullish indicator, correlating strongly with near-term stock price movements [6] - The consensus EPS estimate for the current year has increased by 0.2% over the last 30 days, reflecting analysts' agreement on improved earnings potential [7] Zacks Rank - FHN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8] - The Zacks Rank serves as a timing indicator, suggesting that FHN's prospects are beginning to improve, reinforcing the potential for a turnaround [8]
First Horizon Bank Unveils Official Bank of FC Naples
Prnewswire· 2025-03-03 14:00
Core Insights - First Horizon Corp. has entered a multiyear partnership with FC Naples, becoming the Official Bank of the first professional soccer team in Collier County, Florida [1][2] - The partnership aims to enhance community engagement and provide youth access to professional soccer, fostering inspiration and dedication [2] - FC Naples is positioned to create a world-class family experience and aims to be a title-contending team, reflecting the community's values and history [3] Company Overview - First Horizon Corp. has $82.2 billion in assets as of December 31, 2024, and operates in 12 states across the southern U.S. [4] - The company offers a wide range of financial services, including commercial, private banking, consumer, and wealth management [4] - First Horizon has received recognition as one of the best employers and a top reputable bank in the U.S. [4]
First Horizon Earns National Recognition from Training Magazine with 2025 APEX Award
Prnewswire· 2025-02-28 13:54
Core Points - First Horizon Corporation received the 2025 Training APEX Award from Training magazine, marking the tenth consecutive year the company has been recognized for its excellence in employer-sponsored training and development programs [1][2] - The APEX Awards ranking is based on a combination of industry benchmarks and various qualitative and quantitative factors, including total training budget, percentage of payroll, scope of training programs, and business outcomes resulting from training [4] Company Overview - First Horizon Corporation, with $82.2 billion in assets as of December 31, 2024, is a leading regional financial services company headquartered in Memphis, TN, operating in 12 states across the southern U.S. [3] - The company 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 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 [3]
First Horizon(FHN) - 2024 Q4 - Annual Report
2025-02-27 21:37
Economic Conditions and Performance - The company experienced significant volatility in income and performance due to the cyclical nature of the U.S. economy, which impacts key performance measures [17]. - The company reported that its lending business is highly dependent on clients' ability to repay loans, which is influenced by economic conditions and individual factors [17]. - The company anticipates potential impacts from economic recessions, interest rate movements, and fluctuations in the housing market on its financial performance [24]. - FHN's forward-looking statements indicate expectations for future operations and financial results, emphasizing the inherent uncertainties in business conditions and market dynamics [22]. Interest Rates and Lending - Over half of the company's loan portfolio is tied to variable interest rates, which have been affected by the aggressive interest rate policies implemented in 2022 and 2023 [16]. - Interest rate conditions and the shape of the yield curve are critical drivers of the company's profit margin from lending [17]. Risk Management - The company highlighted the importance of managing credit quality to minimize loan losses, as lending is a high-volume, low-margin business [17]. - The company is focused on managing risks associated with loan origination and servicing, including prepayment risks and fluctuations in collateral values [24]. - The effectiveness of FHN's hedging practices and the ability to adapt to changing industry standards are critical for managing market risks [24]. - The company recognizes the risks associated with fraud and theft, which have increased due to advancements in technology [20]. Operational Strategy - The company is focused on reducing operating costs while maintaining competitive service, viewing expense control as crucial for long-term success [20]. - The company plans to continue monitoring economic conditions and adjusting strategies accordingly to mitigate risks [22]. Regulatory Environment - The company is subject to heavy regulation, which can significantly restrict its ability to pursue certain lines of business [20]. - Future results may be affected by regulatory changes and potential claims related to mortgage servicing failures [24]. - The company emphasizes the importance of ongoing assessments of market conditions and regulatory environments in shaping its future outlook [23]. Competition and Market Dynamics - FHN's financial condition is influenced by the stability of major financial participants and competition within the financial services industry [24]. - Technological innovation is transforming the financial services industry, posing challenges for the company to remain an innovation leader [20]. - FHN's financial performance is subject to reputational risks and potential adverse reactions from clients and business relationships [24]. Deposit Management - The company faced significant deposit outflows in 2023, which were countered by a successful deposit campaign to restore public confidence [18]. Financial Reporting - FHN's financial statements and supplementary data provide insights into its operational performance and market risk management strategies [781].
FHN or CFR: Which Is the Better Value Stock Right Now?
ZACKS· 2025-02-20 17:45
Core Viewpoint - Investors in the Banks - Southwest sector should consider First Horizon National (FHN) and Cullen/Frost Bankers (CFR) as potential value opportunities [1] Group 1: Zacks Rank and Earnings Outlook - Both FHN and CFR currently have a Zacks Rank of 1 (Strong Buy), indicating positive earnings estimate revisions [3] - The Zacks Rank strategy targets companies with improving earnings outlooks, which applies to both FHN and CFR [3] Group 2: Valuation Metrics - FHN has a forward P/E ratio of 13.28, while CFR has a forward P/E of 16.38 [5] - FHN's PEG ratio is 1.23, compared to CFR's PEG ratio of 6.58, indicating FHN may be more favorably valued considering growth expectations [5] - FHN's P/B ratio is 1.35, while CFR's P/B ratio is 2.48, further suggesting FHN is undervalued relative to its book value [6] Group 3: Value Grades - Based on various valuation metrics, FHN holds a Value grade of B, whereas CFR has a Value grade of F, indicating FHN is the superior value option at this time [6]
First Horizon Bank Named Official and Exclusive Bank of the Valspar Championship
Prnewswire· 2025-02-18 22:30
Core Insights - First Horizon Bank has partnered as the Official and Exclusive Bank of the Valspar Championship, a prominent PGA Tour event taking place from March 17 to 23, 2025, at the Copperhead Course in Innisbrook Resort, Florida [1][5] Company Overview - First Horizon Corp. has $82.2 billion in assets as of December 31, 2024, and operates in 12 states across the southern U.S., providing a range of financial services including commercial, private banking, and wealth management [6] Partnership Details - As part of the multiyear partnership, First Horizon will be the Title Sponsor of Executive Women's Day and will donate to a Tampa Bay Area charity each year [2][4] - The partnership emphasizes First Horizon's commitment to community engagement and support for professional sports, aligning with the tournament's charitable goals [3][4] Event Significance - The Valspar Championship is a key event on the PGA Tour, attracting top golfers and fans globally, and is broadcasted in over 220 countries [5]
First Horizon Announces the Retirement of Director Rosa Sugrañes
Prnewswire· 2025-02-14 12:30
Core Points - Rosa Sugrañes has announced her retirement from the Board of Directors of First Horizon Corporation and First Horizon Bank, effective at the end of her current term [1] - Sugrañes has been a director since 2020, following the merger with IBERIABANK Corporation, and previously served on the board of IBERIABANK since 2017 [1] - She was the founder and CEO of Iberia Tiles from 1980 until its sale in 2012 [2] - Bryan Jordan, Chairman and CEO of First Horizon, expressed gratitude for Sugrañes' contributions and guidance during her tenure [3] Company Overview - First Horizon Corporation, with assets totaling $82.2 billion as of December 31, 2024, is a prominent regional financial services company [3] - The company is headquartered in Memphis, TN, and operates First Horizon Bank across 12 states in the southern U.S. [3] - First Horizon 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 [3] - The company has received recognition as one of the best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [3]
What Makes First Horizon National (FHN) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-02-12 18:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: First Horizon National (FHN) - FHN currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, FHN shares increased by 1.87%, outperforming the Zacks Banks - Southwest industry, which rose by 0.73% [5] - In the last month, FHN's shares rose by 7.68%, compared to the industry's 3.58% [5] - Over the past quarter, FHN shares increased by 11.54%, and over the last year, they gained 62.89%, while the S&P 500 only moved 1.46% and 22.28%, respectively [6] - The average 20-day trading volume for FHN is 5,994,191 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for FHN have been revised upwards, with no downward revisions, increasing the consensus estimate from $1.55 to $1.67 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Conclusion - Considering the positive momentum indicators and earnings outlook, FHN is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]
First Horizon Corporation to Participate in the Raymond James 46th Annual Institutional Investors Conference
Prnewswire· 2025-02-11 21:15
MEMPHIS, Tenn., Feb. 11, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced Chief Financial Officer Hope Dmuchowski will participate in the Raymond James 46th Annual Institutional Investors Conference on March 3, 2025, at 9:15 am ET.A live webcast of the event along with an audio replay will be available via the events and presentations section of the First Horizon Investor Relations website at https://ir.firsthorizon.com/events-and-presentations/default.aspx.The presentation and any ...
FHN vs. CFR: Which Stock Is the Better Value Option?
ZACKS· 2025-02-04 17:40
Investors interested in stocks from the Banks - Southwest sector have probably already heard of First Horizon National (FHN) and Cullen/Frost Bankers (CFR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, ...