Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Core Points - First Horizon Corporation has authorized a new common stock repurchase program worth $1.2 billion, replacing the previous program which had approximately $180 million remaining [1][2] - The board declared a quarterly cash dividend of $0.15 per share on common stock, payable on January 2, 2026, to shareholders of record by December 12, 2025 [2] - The company reported total assets of $83.2 billion as of September 30, 2025, indicating a strong capital position [8] Stock Repurchase Program - The new repurchase program will be effective from October 27, 2025, and will expire on January 31, 2027 [1] - The execution of share repurchases may occur in the open market or through privately negotiated transactions, with the timing and amount at the discretion of senior management [3] Dividend Information - Cash dividends were declared for various preferred stocks, including: - Series C: $165.00 per share, payable on February 2, 2026 [4] - Series E: $1,625.00 per share, payable on January 12, 2026 [5] - Series F: $1,175.00 per share, payable on January 12, 2026 [6] - First Horizon Bank Class A: $13.15736 per share, payable on January 12, 2026 [7] Company Overview - First Horizon Corporation is a leading regional financial services company headquartered in Memphis, TN, operating in 12 states primarily in the southern U.S. [8][9] - 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 [9]

Core Points - First Horizon Corporation will have CFO Hope Dmuchowski and COO Tammy LoCascio participate in the BancAnalysts Association of Boston Conference on November 6, 2025, at 3:50 pm ET [1] - A live webcast and audio replay of the event will be available on the First Horizon Investor Relations website [2] - First Horizon Corporation has $83.2 billion in assets as of September 30, 2025, and operates in 12 states in the southern U.S., offering a range of financial services [4]

Group 1 - First Horizon National (FHN) has experienced a significant decline of 14.2% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for FHN is currently at 29.81, suggesting that the heavy selling pressure may be exhausting itself [5] - There is strong consensus among Wall Street analysts that FHN will report better earnings than previously predicted, with a 3.8% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - FHN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]

Core Insights - The third quarter earnings season has begun, with analysts expecting a 7.9% increase in earnings per share for S&P 500 companies, marking the ninth consecutive quarter of positive growth but a slowdown from the 12% growth in Q2 [1][2] Financial Institutions Performance - Major banks including JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and BlackRock reported their quarterly results, with additional reports from Bank of America, Morgan Stanley, and others following [2][4] - Ally Financial reported earnings per share of $1.18, exceeding estimates of $0.96, with revenue of $2.17 billion surpassing expectations of $2.10 billion [7][8] - Truist's net income rose to $1.3 billion, or $1.04 per diluted share, beating analyst estimates of $0.99 per share, with noninterest income increasing 11% to $158 million [9][10] - Comerica's net interest income grew over 7% to $574 million, while noninterest income declined to $264 million due to slower capital markets activity [11][12] - Fifth Third reported net interest income of $1.52 billion, a 7% year-over-year increase, with earnings per share growing 17% to $0.91, surpassing estimates of $0.86 [14][15] - U.S. Bancorp reported net income of $2.00 billion, or $1.22 per share, beating estimates and achieving record revenue of $7.3 billion [22][23] - Charles Schwab's earnings were $1.26 per share, with record revenue of $6.13 billion, a 27% year-over-year increase [24][25] Technology Sector Insights - Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39% year-over-year profit surge in Q3 and raised its 2025 revenue outlook, anticipating mid-30% annual sales growth [27][28] - TSMC's revenue reached approximately $32.2 billion, exceeding estimates, with earnings per share of $2.92 also beating expectations [28][29] Other Notable Earnings Reports - Morgan Stanley's profits surged 45% in Q3, driven by a 44% increase in deal-making fees to $2.1 billion and a 24% rise in trading fees [36][37][38] - Citigroup's net income for Q3 was $3.8 billion, or $1.86 per diluted share, with total revenue growing 9% to $22.1 billion, driven by increased deal-making and trading activities [46][47]

Core Insights - First Horizon Corp. (NYSE:FHN) experienced significant volatility, reaching an all-time high before closing down 9.43% on the same day due to a price target downgrade by Jefferies [1][2]. Financial Performance - For the third quarter, First Horizon reported a net income of $254 million, reflecting a 19% increase from $213 million in the same period last year [3]. - Net interest income rose by 7.5% to $674 million from $627 million year-on-year, driven by growth in higher-yielding portfolios and increased accretion related to the Main Street Lending Program [3]. Market Reactions - The downgrade of First Horizon's price target from $28 to $25, while maintaining a "buy" recommendation, was attributed to the company's hints of potential acquisitions, which created a "near-term overhang" [2]. - The market had previously expected First Horizon to be an acquisition target, making the strategic shift a point of concern for investors [2].

Core Insights - First Horizon Corporation's (FHN) third-quarter 2025 adjusted earnings per share (EPS) of 51 cents exceeded the Zacks Consensus Estimate of 45 cents and increased from 42 cents in the same quarter last year [1][9] - The results were driven by an increase in net interest income (NII) and non-interest income, along with provision benefits, although there was a decline in loan and deposit balances [10] Financial Performance - Net income available to common shareholders on a GAAP basis was $254 million, reflecting a year-over-year increase of 19.2% [2] - Total quarterly revenues reached $889 million, up 7.4% year over year, and surpassed the Zacks Consensus Estimate by 5.1% [3] - NII rose nearly 7.5% year over year to $674 million, with the net interest margin increasing by 24 basis points to 3.55% [3] - Non-interest income was $215 million, also up 7.5% from the previous year [3] Expense Analysis - Non-interest expenses increased by 7.8% year over year to $551 million, attributed to rising costs across nearly all components except for amortization of intangible assets [4] - The efficiency ratio was 61.92%, slightly up from 61.89% in the prior year, indicating a slight deterioration in profitability [4] Loan and Deposit Trends - Total period-end loans and leases were $63.05 billion, showing a slight decrease from the previous quarter [5] - Total period-end deposits were $65.52 billion, which also declined moderately [5] Credit Quality Assessment - Non-performing loans and leases increased by 4.7% year over year to $605 million [6] - The allowance for loan and lease losses was $777 million, down 5.6% from the previous year, with the ratio of total allowance to loans and leases at 1.23%, down from 1.32% [6][8] - Net charge-offs were $26 million, an increase of 8.3% year over year, while provision benefits were recorded at $5 million compared to a provision for credit losses of $35 million in the prior year [7] Capital Ratios - As of September 30, 2025, the Common Equity Tier 1 ratio was 11%, down from 11.2% a year earlier [8] - The total capital ratio decreased to 13.8% from 14.2% in the prior year [8] - The tier 1 leverage ratio was 10.5%, down from 10.6% in the previous year [8]

Core Insights - First Horizon (FHN), a regional bank based in Tennessee, reported reasonably strong Q3 2025 results, but the stock declined nearly 10% on the announcement, possibly reflecting the adage "Buy on rumor, sell on news" or concerns raised by JPMorgan & Chase CEO Jamie Dimon [1] - The stock price drop erased 75% of the gains for long-time shareholders in 2025, although they remain up 98% over the past five years, significantly outperforming the iShares U.S. Regional Banks ETF (IAT) [2] - FHN experienced a significant increase in options trading volume, with 173,468 contracts traded, marking the second-highest daily volume in 2025 and 5.8 times the 30-day average [2][3] Options Activity - The unusual options activity for FHN included 11 notably active options, comprising eight calls and three puts, with two trades ranking in the top 12 [3][4] - Among the eight calls, three had expiration dates around 90 days, indicating a strategic interest in short-term movements [7] Investment Strategy - A Stock Repair strategy, also known as a Covered Ratio Spread, is suggested for investors holding FHN shares, aiming to recover some or all of the original investment while not purchasing additional shares [5][6] - The strategy involves buying one ATM call and selling two calls at higher strike prices, specifically recommending a long $21 call expiring on January 16, 2026, while selling two short calls at either $22 or $28 [6][8]

Core Insights - First Horizon Corp reported third-quarter earnings per share (EPS) of 51 cents, exceeding the analyst consensus estimate of 44 cents per share [1] - The company achieved quarterly sales of $889 million, surpassing the analyst consensus estimate of $847.179 million [1] Company Performance - Chairman, President, and CEO Bryan Jordan highlighted the strong quarterly performance as a result of disciplined strategy execution and the expertise of associates [2] - The diversified business model and geographic footprint of First Horizon are seen as advantageous in a changing environment [2] - The company's focus on safety, profitability, and growth aims to meet evolving client needs with tailored solutions [2] Stock Performance and Analyst Ratings - Following the earnings announcement, First Horizon shares increased by 0.4% to $20.92 [2] - Analysts have adjusted their price targets for First Horizon, with JP Morgan lowering it from $25 to $23 while maintaining a Neutral rating [5] - Keefe, Bruyette & Woods also lowered their price target from $24 to $23, maintaining a Market Perform rating [5] - Evercore ISI Group downgraded First Horizon from Outperform to In-Line, reducing the price target from $26 to $20 [5] - Wells Fargo maintained an Equal-Weight rating but lowered the price target from $25 to $23 [5]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]