Latest news with #FirstHorizonCorporation
Yahoo
06-06-2025
- Business
- Yahoo
Jim Cramer on First Horizon Corporation (FHN): 'I Like First Horizon Very, Very Much'
We recently published a list of . In this article, we are going to take a look at where First Horizon Corporation (NYSE:FHN) stands against other stocks that Jim Cramer discussed recently. A caller asked about First Horizon Corporation (NYSE:FHN) and noted that its merger with TD Bank was terminated in 2023. Cramer replied: 'I like First Horizon very, very much. I like it very much. I think it should be bought. It's a terrific situation, and I'm still thinking that what the heck happened to that deal? Because man, whoever buys that franchise is going to do incredibly well. That is a nice growth franchise.' First Horizon (NYSE:FHN) provides a broad range of financial services, including commercial, consumer, and wealth management banking, alongside specialized lending and treasury solutions. The company also offers corporate banking, transaction processing, credit products, and investment services. An experienced banker offering financial advice to a young couple. On May 20, Jefferies initiated coverage of First Horizon (NYSE:FHN) with a Buy rating and set a price target of $25. The firm began covering 32 regional and mid-cap banks, describing the outlook as positive. According to the firm, despite uncertainty around tariffs, factors like a potential recovery in loan growth if the U.S. avoids recession, wider net interest margins due to a steeper yield curve, strong credit metrics, surplus capital for strategic moves, and appealing valuations could benefit banks. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
First Horizon Marks 15 Years of Teaching Kids to Save with Record Impact
Associates Educate 8,900 Students during the 2025 program MEMPHIS, Tenn., May 21, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) is pleased to announced it served a record number of students through the American Bankers Association Foundation's Teach Children to Save program, equipping 8,900 children with hands-on financial education to build lifelong money management skills. As part of the nationwide initiative, associates taught lessons at schools and youth organizations throughout the company's footprint, teaching concepts such as saving, budgeting and responsible spending. "We are incredibly proud of our long-standing 15-year partnership with the American Bankers Association Foundation and its incredible Teach Children to Save program," said Beth Ardoin, Chief Communications Officer for First Horizon. "With 100 percent market participation, 440 of our associates helped bridge a crucial knowledge gap by teaching essential money skills often left out of the traditional school curriculum. Introducing these concepts early helps young people build confidence, make informed decisions and establish habits that support long-term financial health and success." The Teach Children to Save initiative is one of many financial education and literacy programs First Horizon supports to help individuals and families make informed financial decisions. Learn more about First Horizon's commitment to community involvement here. About First Horizon Corp. (NYSE: FHN), with $81.5 billion in assets as of March 31, 2025, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at View original content to download multimedia: SOURCE First Horizon Corporation
Yahoo
03-05-2025
- Business
- Yahoo
First Horizon (NYSE:FHN) Is Due To Pay A Dividend Of $0.15
First Horizon Corporation (NYSE:FHN) will pay a dividend of $0.15 on the 1st of July. This means that the annual payment will be 3.2% of the current stock price, which is in line with the average for the industry. We check all companies for important risks. See what we found for First Horizon in our free report. Solid dividend yields are great, but they only really help us if the payment is sustainable. First Horizon has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. Past distributions do not necessarily guarantee future ones, but First Horizon's payout ratio of 42% is a good sign as this means that earnings decently cover dividends. Over the next 3 years, EPS is forecast to expand by 38.1%. The future payout ratio could be 33% over that time period, according to analyst estimates, which is a good look for the future of the dividend. See our latest analysis for First Horizon Even over a long history of paying dividends, the company's distributions have been remarkably stable. The annual payment during the last 10 years was $0.20 in 2015, and the most recent fiscal year payment was $0.60. This works out to be a compound annual growth rate (CAGR) of approximately 12% a year over that time. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. We are encouraged to see that First Horizon has grown earnings per share at 6.3% per year over the past five years. Since earnings per share is growing at an acceptable rate, and the payout policy is balanced, we think the company is positioning itself well to grow earnings and dividends in the future. Overall, we like to see the dividend staying consistent, and we think First Horizon might even raise payments in the future. Earnings are easily covering distributions, and the company is generating plenty of cash. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Earnings growth generally bodes well for the future value of company dividend payments. See if the 11 First Horizon analysts we track are forecasting continued growth with our free report on analyst estimates for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
11-04-2025
- Business
- Yahoo
First Horizon Corporation (FHN): Among the High Growth Dividend Paying Stocks to Invest in
We recently published a list of the 10 High Growth Dividend Paying Stocks to Invest in. In this article, we are going to take a look at where First Horizon Corporation (NYSE:FHN) stands against other profitable dividend stocks. Amid growing concerns about economic growth and President Trump's tariffs, investors have been seeking safer investment options. In this environment, dividend stocks have gained significant traction, offering a defensive strategy while also providing steady passive income. Research from Ned Davis suggested that the tougher conditions facing the broader market this year could set the stage for dividend-paying stocks to perform well. The S&P Dividend Aristocrats Index, though it declined by over 8% in 2025 so far, is outperforming the wider market, which has fallen by more than 15% since the start of the year. Ned Davis's Clissold and his team made the following comment about dividend investing in this environment: 'One would expect that companies that pay dividends are more stable and have lower growth rates. As a result, they should rally less in up markets and decline less in down markets. In other words, they have lower betas than non-dividend-payers. … As a group, dividend-payers have a beta of 0.99 versus 1.11 for nonpayers.' Over the years, dividend stocks have proved their mettle because of strong balance sheets, stable businesses, and sound financials. These traits become even when important when the market is going through a rough stretch. Franklin Templeton noted that dividend-paying stocks are attractive because they help cushion market downturns while still offering strong growth potential. Over time and across different regions, dividend strategies have shown defensive characteristics. The report highlighted that from January 2022 through December 2024, these stocks experienced lower volatility and smaller declines than the broader market, whether looking globally, in the US, or across Europe. Notably, when concerns over inflation and rising interest rates flared up again in August, dividend stocks remained relatively resilient. Considering the growing investor appetite for dividend stocks, more and more companies have initiated their dividend policy in recent times. Tech companies, which are usually associated with growth-oriented strategies, have also broached this territory and launched their dividends last year. They see dividends as a useful addition to share repurchase programs. While tech stocks currently offer relatively low dividend yields, the overall payouts are quite large—with J.P. Morgan projecting that just three major companies alone could return around $17 billion to shareholders over the coming year. This trend marks an important development in the market. According to the report, the most promising dividend investments lie in 'Compounders'—companies known for steadily raising their dividends over time. These firms, which make up nearly half of the strategy, are backed by consistent earnings growth. They not only offer dependable income but also form a strong base for achieving long-term outperformance in investment portfolios. Given this, we will take a look at some of the best high growth stocks that pay dividends. An experienced banker offering financial advice to a young couple. For this list, we screened for dividend stocks with sound financials and robust balance sheets. From that group, we picked companies that achieved positive revenue growth in the past five years. The final 10 picks are those with a five-year revenue growth rate exceeding 10%. The stocks are ranked in ascending order of their revenue growth rates. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Revenue Growth: 10.82% First Horizon Corporation (NYSE:FHN) is a Tennessee-based financial holding company that operates through three key divisions: Regional Banking, Specialty Banking, and Corporate. Recently, Baird upgraded the stock to Outperform from Neutral and maintained a $22 price target. The upgrade signals growing optimism about the company's financial trajectory and the possibility of private market activity. Analysts noted that First Horizon's solid market standing and overall financial strength present an attractive balance of risk and reward for investors, particularly if a private market deal materializes. Baird's improved outlook is largely supported by the bank's strong capital position and appealing valuation in the current market. First Horizon Corporation (NYSE:FHN) delivered solid fourth-quarter results for 2024, posting $824 million in revenue—up 3% from the same period the year before. Despite facing a tough interest rate backdrop, the bank's strong client relationships and balanced business model helped sustain earnings. Throughout the year, steady business growth was driven by a healthy net interest margin, an increase in counter-cyclical income, and lower net charge-offs. In the final quarter, the company saw a two-basis-point improvement in its net interest margin, a 6% boost in fixed income revenue, and net charge-offs held to just 8 basis points—setting the stage for a promising start to 2025. First Horizon Corporation (NYSE:FHN) also remained committed to its shareholder obligation, returning $930 million to investors through dividends and share repurchases in the most recent quarter. The company pays a quarterly dividend of $0.15 per share and has a dividend yield of 3.56%, as of April 8. It is among the best growth stocks that pay dividends. Overall, FHN ranks 10th on our list of the best high growth stocks that pay dividends. While we acknowledge the potential of FHN as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than FHN but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
First Horizon Corporation (FHN): One of the Best Regional Bank Dividend Stocks to Buy
We recently published a list of the 11 Best Regional Bank Dividend Stocks to Buy. In this article, we are going to take a look at where First Horizon Corporation (NYSE:FHN) stands against other best regional bank dividend stocks. The year 2024 proved to be a strong one for major US banks, with the six largest institutions collectively reporting a 20% increase in net profits compared to the previous year, according to FactSet data. This performance ranks among the most successful years for the US banking sector in the past two decades. The industry rebounded significantly following the widely publicized bank failures of 2023, which saw several prominent lenders collapse. Based on Financial Times estimates, trading revenue for the year climbed to $123 billion, reflecting a 10% rise from 2023, while investment banking fees jumped 34% to $36 billion. This surge was driven by a recovery in dealmaking activity later in the year, as more companies moved forward with equity and debt offerings. Regional banks have been gaining momentum within the banking sector following the regional banking turmoil of spring 2023, which prompted lenders to prioritize liquidity, often at any cost. While their performance was strong relative to the Russell small cap index, it still fell short of the broader market's full-year return of over 25.02%. Despite the gains in 2024, bank stocks have lagged the broader market over multiple years, creating an attractive investment opportunity at historically low valuations. By the end of the year, the price-to-earnings (P/E) multiples of the Regional Banking Index and Community Bank Index were nearly half that of the broader market's, highlighting their relative discount. Moreover, in the fourth quarter of 2024, approximately two-thirds of US regional banks reported higher earnings compared to the previous year. According to S&P Global Market Intelligence, 35 out of 51 banks with assets between $10 billion and $100 billion saw year-over-year growth in earnings per share (EPS) for the fourth quarter, based on financial reports released between January 13 and January 24. In addition, 27 regional banks posted quarter-over-quarter improvements, while 22 recorded EPS gains on both a quarterly and annual basis. Meanwhile, only 11 regional banks experienced EPS declines in both comparisons. A report from S&P Global Ratings noted that fourth-quarter net income improved due to easing pressures on net interest margins (NIM) and an increase in fee income. For the full year 2024, the net income benefited from reduced provisions and stable fee income, though NIM compression partially offset these gains. Regional banks saw another consecutive increase in net interest income (NII) during the quarter, supported by modest loan growth and an improved NIM. However, for the full year, NII remained under pressure. The report further mentioned that in the fourth quarter, median NIM rose by 5 basis points to 3.14%, as declining deposit costs outweighed the impact of lower loan yields and asset repricing. The firm anticipates a slight increase in earnings for 2025, driven by the possibility of higher NIMs and a gradual uptick in loan growth. The banking sector remains a favorite among investors as it ranks among the top two sectors for dividend payments. An S&P Global report estimated that banks worldwide distribute approximately $380 billion in dividends. Given this, we will take a look at some of the best dividend stocks from the regional banking sector. An experienced banker offering financial advice to a young couple. For this article, we used a Yahoo Finance screener to identify regional banking companies. From the resultant list, we picked 11 stocks with the highest number of hedge fund investors, as per Insider Monkey's database of Q4 2024. The stocks are ranked in ascending order of hedge funds' sentiment towards them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 52 First Horizon Corporation (NYSE:FHN) is the parent company of First Horizon Bank that operates through three key divisions: Regional Banking, Specialty Banking, and Corporate. The company offers a comprehensive suite of financial services, catering to both businesses and individuals with products such as loans, deposits, and wealth management solutions. In the past 12 months, the stock has surged by over 12%. First Horizon Corporation (NYSE:FHN) reported strong earnings in the fourth quarter of 2024, with a revenue of $824 million, which saw a 3% growth from the same period last year. Strong client relationships and a well-balanced business model enabled the company to generate earnings despite a challenging interest rate environment. Business growth remained steady in 2024, supported by a strong net interest margin, higher counter-cyclical revenues, and a decline in net charge-offs. The company achieved solid performance during the quarter, with a two-basis-point expansion in net interest margin, a 6% rise in fixed income revenue, and net charge-offs of 8 basis points, positioning it for a strong start to 2025. First Horizon Corporation (NYSE:FHN) offers a quarterly dividend of $0.15 per share and has a dividend yield of 3.49%, as of April 3. During the quarter, the company returned $930 million to shareholders through dividends and share buybacks. Overall, FHN ranks 3rd on our list of the best dividend stocks from the regional banking sector. While we acknowledge the potential of FHN as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than FHN but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
