First Horizon Announces $1 Billion Share Repurchase Program, Declares Cash Dividends on Common and Preferred Stock

PR Newswire10-30

MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the "Company") today announced that its board of directors has authorized a new $1 billion common stock repurchase...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2479426533?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/5UdbXjuRirLc_i0qchB.TQ--~B/aD0zMzg7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/15f7c7d5407d4d07ca879efcbbcb4606","is_english":true,"pubTime":"2024-10-30 05:30","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2479426533","market":"us","top_or_hot":-1,"title":"First Horizon Announces $1 Billion Share Repurchase Program, Declares Cash Dividends on Common and Preferred Stock","media":"PR Newswire","content":"<div>\n<p>MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the \"Company\") today announced that its board of directors has authorized a new $1 billion common stock repurchase...</p>\n\n<a href=\"https://finance.yahoo.com/news/first-horizon-announces-1-billion-213000023.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Horizon Announces $1 Billion Share Repurchase Program, Declares Cash Dividends on Common and Preferred Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Horizon Announces $1 Billion Share Repurchase Program, Declares Cash Dividends on Common and Preferred Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 05:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/first-horizon-announces-1-billion-213000023.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the \"Company\") today announced that its board of directors has authorized a new $1 billion common stock repurchase...</p>\n\n<a href=\"https://finance.yahoo.com/news/first-horizon-announces-1-billion-213000023.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/first-horizon-announces-1-billion-213000023.html","article_id":"2479426533","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5UdbXjuRirLc_i0qchB.TQ--~B/aD0zMzg7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/15f7c7d5407d4d07ca879efcbbcb4606"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/first-horizon-announces-1-billion-213000023.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2479426533","pubTimestamp":1730237400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation  today announced that its board of directors has authorized a new $1 billion common stock repurchase program to replace the Company's prior repurchase program, effective as of the close of business on October 29, 2024. This new authorization will expire on January 31, 2026. The terminated program had approximately $174 million of remaining authorization and was set to expire on January 31, 2025.Additionally, the board of directors declared a quarterly cash dividend of $0.15 per share on FHN's common stock. The dividend is payable on January 2, 2025 to shareholders of record at the close of business on December 13, 2024.\"Our strong capital position provides the ability to continue to grow our balance sheet while returning excess capital to our shareholders,\" said Chairman, President and Chief Executive Officer Bryan Jordan.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","FHN":"第一地平线银行","BK4589":"SVB概念"},"translate_title":"First Horizon宣布10亿美元股票回购计划，宣布普通股和优先股现金股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FHN":0.9},"content_text":"MEMPHIS, Tenn., Oct. 29, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the \"Company\") today announced that its board of directors has authorized a new $1 billion common stock repurchase program to replace the Company's prior repurchase program, effective as of the close of business on October 29, 2024. This new authorization will expire on January 31, 2026. The terminated program had approximately $174 million of remaining authorization and was set to expire on January 31, 2025.\n\n  \n\nAdditionally, the board of directors declared a quarterly cash dividend of $0.15 per share on FHN's common stock. The dividend is payable on January 2, 2025 to shareholders of record at the close of business on December 13, 2024.\n\"Our strong capital position provides the ability to continue to grow our balance sheet while returning excess capital to our shareholders,\" said Chairman, President and Chief Executive Officer Bryan Jordan.\nFHN common share repurchases may be executed in the open market or through privately negotiated transactions, including under Rule 10b5-1 plans and accelerated share repurchase and other structured transactions. The timing and exact amount of common share repurchases will be at the discretion of senior management and subject to various factors including the Company's capital position, financial performance, capital impacts of strategic initiatives, market conditions and regulatory considerations.\nPreferred Dividend Information\nCash dividends were also declared on the Company's Series B, Series C, Series E and Series F Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows:\nFHN Series B\nSemi-annual cash dividend of $331.25 per share on FHN's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (\"Series B Preferred Stock\"). This equates to a cash dividend of $0.828125 per Depositary Share (NYSE: FHN PRB), which each represent a 1/400th interest in a share of the Series B Preferred Stock. The dividend is payable on February 3, 2025 to shareholders of record at the close of business on January 17, 2025.\nFHN Series C\nQuarterly cash dividend of $165.00 per share on FHN's 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C (\"Series C Preferred Stock\"). This equates to a cash dividend of $0.4125 per Depositary Share (NYSE: FHN PRC), which each represent a 1/400th interest in a share of the Series C Preferred Stock. The dividend is payable on February 3, 2025 to shareholders of record at the close of business on January 17, 2025.\nFHN Series E\nQuarterly cash dividend of $1,625.00 per share on FHN's 6.50% Non-Cumulative Perpetual Preferred Stock, Series E (\"Series E Preferred Stock\"). This equates to a cash dividend of $0.40625 per Depositary Share (NYSE: FHN PRE), which each represent a 1/4,000th interest in a share of the Series E Preferred Stock. The dividend is payable on January 10, 2025 to shareholders of record at the close of business on December 26, 2024.\nFHN Series F\nQuarterly cash dividend of $1,175.00 per share on FHN's 4.70% Non-Cumulative Perpetual Preferred Stock, Series F (\"Series F Preferred Stock\"). This equates to a cash dividend of $0.29375 per Depositary Share (NYSE: FHN PRF), which each represent a 1/4,000th interest in a share of the Series F Preferred Stock. The dividend is payable on January 10, 2025 to shareholders of record at the close of business on December 26, 2024.\nFirst Horizon Bank Class A\nQuarterly cash dividend of $14.79043 per share on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock. The dividend is payable on January 10, 2025 to shareholders of record at the close of business on December 26, 2024.\nAbout First Horizon  \nFirst Horizon Corp. (NYSE: FHN), with $82.6 billion in assets as of September 30, 2024, 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 www.FirstHorizon.com.\nFHN-G\n View original content to download multimedia:https://www.prnewswire.com/news-releases/first-horizon-announces-1-billion-share-repurchase-program-declares-cash-dividends-on-common-and-preferred-stock-302290726.html\nSOURCE First Horizon Corporation","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479426533"}