First Horizon Corp
DUS:FT2
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First Horizon Corp
DUS:FT2
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First Horizon Corp
First Horizon Corp is a bank holding company that owns First Horizon Bank, a regional lender with a strong presence in the southern United States. It takes deposits from households and businesses, makes loans, and offers everyday banking services such as checking accounts, mortgages, credit cards, and business lending. It also provides wealth management and other financial services to customers who want help saving, investing, and managing cash. Its main customers are consumers, small and midsize businesses, and larger commercial clients that need lending, treasury, and cash-management services. First Horizon makes most of its money the traditional banking way: it earns interest on loans and other assets, and it collects fees for services such as account maintenance, payment processing, and wealth management. What makes the business model different is that it sits in the middle of local finance and larger commercial banking. It is not a pure online bank or a big Wall Street firm; it is a relationship-based regional bank that knows its borrowers and depositors well. That gives it a straightforward role in the financial system: gathering local deposits and turning them into loans and banking services for the communities and companies it serves.
First Horizon Corp is a bank holding company that owns First Horizon Bank, a regional lender with a strong presence in the southern United States. It takes deposits from households and businesses, makes loans, and offers everyday banking services such as checking accounts, mortgages, credit cards, and business lending. It also provides wealth management and other financial services to customers who want help saving, investing, and managing cash.
Its main customers are consumers, small and midsize businesses, and larger commercial clients that need lending, treasury, and cash-management services. First Horizon makes most of its money the traditional banking way: it earns interest on loans and other assets, and it collects fees for services such as account maintenance, payment processing, and wealth management.
What makes the business model different is that it sits in the middle of local finance and larger commercial banking. It is not a pure online bank or a big Wall Street firm; it is a relationship-based regional bank that knows its borrowers and depositors well. That gives it a straightforward role in the financial system: gathering local deposits and turning them into loans and banking services for the communities and companies it serves.
Strong start: First Horizon said it began 2026 with strong momentum, posting its third straight quarter of 15%+ adjusted ROTCE and an adjusted ROTCE of 15.1%.
Profitability improved: Return on average assets was 1.30%, up 19 basis points year over year, while net interest income rose 6% year over year despite lower rates.
Lending was healthy: Core C&I loans grew $624 million in the quarter, and management said C&I and CRE pipelines remain strong despite a still-competitive market.
Capital and credit stayed solid: CET1 ended at 10.53% after $230 million of buybacks and a $400 million preferred issuance, while net charge-offs stayed at 18 basis points and credit was described as consistent.
Outlook unchanged: Management kept the full-year outlook intact, reiterated mid-single-digit loan growth expectations, and said the 3% to 7% revenue guide is balanced between fee income and net interest income scenarios.