Press release content from Globe Newswire. The AP news staff was not involved in its creation.
First Horizon Corporation Announces $500 Million Share Purchase Program
First Horizon National CorporationJanuary 27, 2021 GMT
MEMPHIS, Tenn., Jan. 27, 2021 (GLOBE NEWSWIRE) First Horizon Corporation (NYSE: FHN or the “Company”) today announced that its board of directors has authorized the Company to repurchase up to $500 million of the Company’s common stock.
“We are pleased to report the board’s approval of a new share repurchase program,” said Bryan Jordan, Chief Executive Officer and President. “This authorization follows the completion of our 2020 Company-run stress test which demonstrated the strength and resiliency of our capital base and the enhanced earnings power of our more diversified business model and geographic presence. As it relates to capital deployment, our first priority is to make investments to drive organic growth, but we also plan to balance thi
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
First Horizon Corporation Reports Fourth Quarter Net Income Available to Common of .
First Horizon National CorporationJanuary 22, 2021 GMT
Fourth quarter 2020 ROTCE of 16.7%; Adjusted ROTCE of 18.2%
2020 net income available to common stockholders of $822 million, or EPS of $1.89; $528 million, or EPS of $1.22, on an Adjusted basis
Tangible book value per share of $10.23 up 3% in the quarter
MEMPHIS, Tenn., Jan. 22, 2021 (GLOBE NEWSWIRE) First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported fourth quarter 2020 net income available to common shareholders (“NIAC”) of $234 million, or earnings per share of $0.42, compared with third quarter 2020 NIAC of $523 million, or earnings per share of $0.95. Fourth quarter 2020 results were reduced by a net $20 million after-tax, or $0.04 per share, of notable items largely related to the IBERIABANK Corporation Mer
The second round of stimulus checks from the US government are going out this week. Business Insider reports the checks will pay up to $600 each, or $1,200 per married couple, plus additional funds for children. According to Congress s bill authorizing the payments, most of the direct cash payments will be sent to qualifying Americans by January 15. To track your payment, visit the Get My Payment section of the IRS website at www.irs.gov/coronavirus/get-my-payment Direct deposits and paper checks are arriving this week.
Q: I was one of the Suntrust customers that was sent to First Horizon Bank as part of the BB&T-Suntrust merger. Because the merger happened after the first stimulus payment, how will we be affected with the second check?