FHN Stock Recent News

First Horizon Corporation is a regional bank with low exposure to HTM securities and CRE loans. The red flags are record low cash-to-deposit ratio and 40% insured deposits. Despite declining revenue and margins in the second quarter, FHN recorded adequate financial performance with improved capital adequacy and stable credit quality. Using the Dividend Discount Model, FHN is overvalued, though using multiples as forward PE and PB is the cheapest among its peers.

First Horizon Corp. FHN, +0.55% stock was up 2% in premarket trades Friday after the bank revealed the results of its stress test by the U.S. Federal Reserve as illustrating its resiliency as a bank, despite instability in regional banks earlier this year. First Horizon's comments on the annual stress test results released in June by the U.S. Federal Reserve focused on the bank's “strong capital position and commitment to prudent risk management through all economic environments.

MEMPHIS, Tenn. , Sept. 20, 2023 /PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce third quarter financial results on October 18, 2023.

First Horizon CEO Bryan Jordan joins 'Squawk on the Street' to discuss regional banks, headwinds for the sector, and more.

First Horizon Corporation is a bank holding company providing general banking services in the US. First Horizon offers three fixed to floating preferred stock series that should easily provide double digit returns. Investors have the choice between focusing on near-term high yield or longer-term total return with these three preferred stock series.

First Horizon (FHN) reported earnings 30 days ago. What's next for the stock?

First Horizon (FHN) is well-poised for growth from rising loan balances, improving NII and inorganic expansion amid high expenses, subdued mortgage banking and poor asset quality.

David Einhorn's Greenlight Capital Inc. acquired big stakes in Activision Blizzard Inc. while the videogame publisher's fate on being acquired by Microsoft Corp. was still very much up in the air, and First Horizon Corp. following the recent regional-bank crisis.

An increase in NII and non-interest income drives First Horizon's (FHN) Q2 earnings. However, higher provisions and rising expenses are headwinds.

An increase in NII and non-interest income drives First Horizon's (FHN) Q2 earnings. However, higher provisions and rising expenses are headwinds.