First Horizon Corporation (FHN)

Over the past six months, First Horizon Corp.'s stock has experienced several notable events. As of May 7, 2026, the stock had gained 31.6% over the preceding 12 months. In the first quarter of 2026, the company reported strong results with net income available to common shareholders of $257 million, marking a 21% increase year-over-year, and earnings per share (EPS) of $0.53, up $0.12 from the first quarter of 2025. During the Q1 2026 earnings call, the company highlighted robust core commercial and industrial (C&I) loan growth of $624 million, though loans to mortgage companies saw a seasonal decline. Period-end deposits decreased by approximately $1 billion, primarily due to reductions in broker deposits, and management anticipated a slight upward trend in deposit costs in Q2 and Q3 if interest rates do not decrease. The company also announced an increase in its quarterly dividend from $0.15 to $0.17 per share, effective April 2026. Other recent news includes director awards of restricted stock units and new hires and promotions within the company. In the third quarter of 2025, the stock experienced a significant decline of over 9% following unexpected communications regarding mergers and acquisitions during the earnings call.

First Horizon Corp. experiences demand seasonality in certain product and service areas. Loans to mortgage companies typically show seasonality, with a decline observed in the first quarter compared to year-end. Deposit cost dynamics are influenced by seasonality and interest rate paths, with the second quarter often seeing an increase in new-to-bank acquisitions. The company's fee income also exhibits normal seasonality, impacting quarter-over-quarter fluctuations.

First Horizon Corp. operates in the finance and insurance sector as a regional bank holding company, offering a range of financial products and services including commercial, private, consumer, and small business banking, wealth and trust management, retail brokerage, capital markets, and mortgage banking. The company's revenue is primarily generated from its Commercial, Consumer & Wealth segment.

First Horizon Bank operates in 12 states, mainly in the southern United States, including Tennessee, Texas, North Carolina, South Carolina, Georgia, Florida, and Louisiana. The company focuses on local market leadership and regional expertise, with a presence in cities like New Orleans, Charlotte, and Birmingham. Its banking center footprint includes 10 of the top 25 fastest-growing metropolitan areas by GDP in the U.S.

First Horizon Corp. has maintained a reputation focused on client relationships, local decision-making, and tailored banking services. The company emphasizes helping clients, communities, and associates achieve their full potential through capital and counsel, fostering a people-focused culture that values teamwork, collaboration, and ethical conduct. In 2024, the First Horizon Foundation launched a "Grants for Good Campaign," distributing $1.6 million to 160 nonprofit organizations and 1,600 "Random Acts of Kindness" gift cards across its operational areas. The foundation also invested approximately $20 million in 2024, with over half directed towards low- and moderate-income communities. A significant event impacting the company's reputation was the termination of its planned merger with TD Bank in 2023. While this initially caused a stock price decline, it prompted a "retention and growth" campaign that successfully attracted over $6 billion in new deposits and 32,000 new customers, demonstrating the strength of its local brand equity. The company also garnered national attention during the 2023 banking crisis following the merger's cancellation and the collapse of other regional banks.

First Horizon Corp. has a broad ownership base, with 635 institutional owners and shareholders holding a total of 422,125,743 shares as of May 5, 2026. Institutional ownership accounts for 87.4% of the company's shares, while individuals hold 1.32%. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Bank of New York Mellon Corp, State Street Corp, Dimensional Fund Advisors Lp, UBS Asset Management Americas Inc, Fmr Llc, Lsv Asset Management, North Reef Capital Management LP, and Millennium Management Llc. No single investor holds a controlling stake in the company.