First Horizon(NYSE) FHN

First Horizon Corporation is a prominent regional bank headquartered in Memphis, Tennessee. With total consolidated assets of $82 billion as of 2023, it provides diversified financial services primarily through its major subsidiary, First Horizon Bank. The corporation has a significant presence in the Southeastern United States, which includes 415 retail banking centers across 12 states. First Horizon's operational focus includes commercial and consumer banking, wealth management, mortgage services, and capital markets.

Products and Services

Commercial Banking: Serves larger business enterprises with various lending and financial services.

Consumer Banking: Provides personal bank accounts, loans, and credit card services.

Wealth Management: Offers services through First Horizon Advisors, including investment and financial advisory.

Mortgage Services: Manages mortgage origination and lending through First Horizon Bank.

Capital Markets: Includes fixed income sales and trading services under FHN Financial.

What Makes First Horizon Corporation Special

First Horizon Corporation distinguishes itself with a diversified service portfolio and strong regional presence in the Southeastern U.S. This diversity, coupled with its customer-centric approach and strategic acquisitions, positions the bank to adapt to economic changes effectively while maintaining deep, local community relationships.

Five Things You Need to Know

First Horizon's total assets were $82 billion as of December 2023.

The company operates over 450 business locations in 24 U.S. states.

Approximately 73% of revenue in 2023 came from net interest income, with 27% from noninterest income.

First Horizon's principal subsidiary, First Horizon Bank, has $61 billion in total loans.

In the regional banking sector, the bank maintains a significant deposit funding base of $66 billion.