First Horizon Corporation
FHN-PD
New York Stock Exchange24.99
USD
-0.01
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First Horizon Corporation
FHN-PD
(New York Stock Exchange)
Recent
price
24.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- First Horizon Corporation, established in Memphis, Tennessee, in 1864, functions as a bank holding company, primarily through its subsidiary, First Horizon Bank. The organization delivers a broad spectrum of financial services to individual consumers, businesses, financial institutions, and governmental entities. Its operational framework is structured across three distinct segments: Regional Banking, Specialty Banking, and Corporate. Within Regional Banking, First Horizon offers a comprehensive suite of services including commercial, business, consumer, private client, and wealth management, encompassing deposits, lending, investment management, and financial planning. The Specialty Banking division provides wholesale financial solutions such as fixed income and capital markets, professional commercial real estate, mortgage warehouse lending, asset-based lending, and various industry-specific financing options including equipment, energy, healthcare, and transportation, alongside treasury management and international banking. The Corporate segment handles treasury, payment solutions, and capital markets services for larger organizations. The company's revenue primarily stems from net interest income, complemented by fees and other non-interest income. First Horizon operates with over 400 banking centers across 12 states in the Southern U.S., holding significant market presence in states like Tennessee, North Carolina, and Florida. As of late 2024, the company reported approximately $82.2 billion in assets and over 7,200 employees. A notable recent event was the termination of its planned merger with Toronto-Dominion Bank in 2023, which has since shifted First Horizon's strategic focus towards organic growth, technological enhancements, and potentially becoming an acquirer in the regional banking sector rather than a target. The company continues to invest in digital banking capabilities and emphasizes its commitment to client service, community involvement, and a diversified service portfolio as its core value proposition. First Horizon has received recognition as one of America's best companies by Forbes.