DURHAM, N.C., Jan. 29, 2025 /PRNewswire/ -- DPAC (Durham Performing Arts Center) and First Horizon Bank (NYSE: FHN) have announced an exciting new partnership, marking a significant milestone for both organizations. Under this multiyear sponsorship agreement, First Horizon Bank will become the first-ever Presenting Sponsor of DPAC, a theater that has been annually ranked among the top five performing arts centers in the nation for more than a decade. DPAC is celebrated for presenting some of the biggest sho ...

The broader U.S. equity markets witnessed intense volatility over the past couple of trading days, hitting record highs on one hand and plummeting sharply on the other owing to concerns about an AI (artificial intelligence) stock bubble. While President Trump’s advocacy for lower interest rates and lower oil prices buoyed investor sentiments, the stock market was propelled by positive vibes about potential tax cuts and deregulation by the change of regime and signs of resilient economic growth.However, appr ...

MEMPHIS, Tenn., Jan. 28, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today announced the election of Jeffrey J. Brown ("JB"), 52, to the First Horizon Corporation Board of Directors and First Horizon Bank Board of Directors. Brown is President of Hendrick Automotive Group, LLC, responsible for the auto operations of the largest privately held automotive group in the United States, headquartered in Charlotte, North Carolina. He retired as Chief Executive Officer of Ally Fina ...

MEMPHIS, Tenn., Jan. 23, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) is proud to celebrate Chairman, President and Chief Executive Officer Bryan Jordan on his inclusion in the Memphis Business Journal's prestigious 2025 Power 100 list. This annual list highlights the most influential leaders shaping the business and economic landscape of Memphis and the Mid-South. "Bryan's recognition is a testament to his unwavering commitment to support our associates and clients and better the communities ...

Shares of First Horizon (NYSE: FHN ) have been a strong performer over the past year, gaining 63%, with the stock performing well since November given the prospect for more favorable regulatory policy. I last covered shares inOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s D ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Earnings Performance - Adjusted EPS for Q4 2024 was 43 cents, beating the Zacks Consensus Estimate of 38 cents and up from 32 cents in the year-ago quarter [1] - Full-year 2024 adjusted EPS was $1.55, surpassing the Zacks Consensus Estimate of $1.5 and up from $1.43 in the previous year [2] - Net income available to common shareholders (GAAP basis) was $158 million for Q4 2024, down 9.7% YoY, and $738 million for full-year 2024, down 14.7% YoY [3] Revenue and Expenses - Total quarterly revenues were $729 million, down 8.9% YoY and missing the Zacks Consensus Estimate of $822.47 million [4] - Full-year revenues were $3.19 billion, down 8% YoY and missing the Zacks Consensus Estimate of $3.28 billion [4] - NII increased 2.1% YoY to $630 million, with a net interest margin of 3.33%, up 6 basis points from the prior-year quarter [4] - Non-interest income declined 45.9% YoY to $99 million, primarily due to a $91 million securities loss [5] - Non-interest expenses decreased 11.2% YoY to $508 million, driven by lower incentives, commission fees, and deferred compensation expenses [5] - Efficiency ratio improved to 61.98%, down from 71.14% in the year-ago period, indicating higher profitability [5] Loans, Deposits, and Credit Quality - Total period-end loans and leases were $62.55 billion, up marginally from the previous quarter, while total period-end deposits decreased 1.5% to $65.6 billion [6] - Non-performing loans and leases increased 30.3% YoY to $602 million [7] - The ratio of total allowance for loan and lease losses to loans and leases was 1.3%, up from 1.26% in the prior-year quarter, with the allowance increasing 5.4% YoY to $815 million [7] - Net charge-offs decreased 63.9% YoY to $13 million, and the provision for credit losses plunged 80% YoY to $10 million [8] Capital Position and Share Repurchases - Common Equity Tier 1 ratio was 11.2%, down from 11.4% in the year-ago quarter [10] - Total capital ratio was 13.9%, down from 14% in the prior-year quarter, and the tier 1 leverage ratio was 10.6%, down from 10.7% [10] - The company repurchased $163 million worth of common stock in the reported quarter [11] Industry Updates - Prosperity Bancshares, Inc (PB) is scheduled to release Q4 2024 earnings on Jan 29, with a Zacks Rank 3 (Hold) and a consensus estimate of $1.33 per share [13] - Cullen/Frost Bankers, Inc (CFR) is scheduled to release Q4 2024 earnings on Jan 30, with a Zacks Rank 2 (Buy) and a consensus estimate of $2.15 per share [13][14]

First Horizon Corporation (NYSE:FHN) Q4 2024 Earnings Conference Call January 16, 2025 9:30 AM ET Company Participants Tyler Craft - Head of Investor Relations Bryan Jordan - Chairman, President and Chief Executive Officer Hope Dmuchowski - Chief Financial Officer Thomas Hung - Chief Credit Officer Conference Call Participants Michael Rose - Raymond James Jon Arfstrom - RBC Capital Markets Ebrahim Poonawala - Bank of America Jared Shaw - Barclays Capital Christopher McGratty - KBW Nicholas Holowko - UBS Ant ...

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For the quarter ended December 2024, First Horizon National (FHN) reported revenue of $729 million, down 8.9% over the same period last year. EPS came in at $0.43, compared to $0.32 in the year-ago quarter.The reported revenue represents a surprise of -11.36% over the Zacks Consensus Estimate of $822.47 million. With the consensus EPS estimate being $0.38, the EPS surprise was +13.16%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...