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First Horizon Bank has been making headlines lately, and it's worth taking a closer look at what's been going on. The bank has been actively expanding its services, including its digital banking platform.
One notable development is the bank's acquisition of Capital Bank. This move has allowed First Horizon to increase its presence in the southeastern United States. The acquisition has also brought new customers and employees into the fold.
First Horizon's stock performance has also been a topic of interest. The bank's stock price has fluctuated in recent months, but it's still trading above its historical average. This could be a sign of investor confidence in the bank's future prospects.
A different take: First Horizon Bank Scams
Financial Performance
First Horizon Bank has shown impressive financial performance over the years. The bank's stock, FHN, has seen a significant increase in value, with a 50.26% return in the last year alone.
In comparison, the S&P index has also seen growth, but at a slower pace, with a 26.74% return in the last year.
Here's a comparison of First Horizon's and the S&P's performance over different time periods:
First Horizon's 5-year annualized return of 8.83% is notably lower than the S&P's 12.92%, indicating that the bank's growth has been more consistent but at a slower rate.
Cash Dividends Declared
Cash dividends are a way for companies to share their profits with shareholders. First Horizon Corporation has declared a quarterly cash dividend of $0.15 per share, which is a standard practice for many publicly traded companies.
This dividend is declared for both common and preferred stock holders, indicating that the company values its relationship with all shareholders.
For more insights, see: Idfc First Bank Stock
Return vs. S&P
First Horizon's financial performance is impressive compared to the S&P. The bank's stock has seen significant growth over the years, with a 1-year return of +50.26%.
The 5-year return of +52.74% is also noteworthy, outpacing the S&P's 5-year return of +83.70%. However, it's essential to consider the annualized return, which shows that First Horizon's 5-year growth is actually +8.83%, compared to the S&P's +12.92%.
Broaden your view: Online Banking & Mobile Banking
Looking at the long-term picture, First Horizon's stock has seen an astonishing +9,525% return since its IPO, compared to the S&P's +5,519% return. This significant difference highlights the bank's strong performance over time.
Here's a comparison of First Horizon's and the S&P's returns over the specified periods:
This table provides a clear visual representation of the differences in First Horizon's and the S&P's returns over various time periods.
Stocks Plummet
First Horizon's shares are plummeting today due to a delayed acquisition by TD Bank.
This delay is the reason for the decline in stock value, causing investors to lose confidence in the company.
The pending acquisition was initially expected to go through, but now it's unclear when it will finally happen.
TD Bank's involvement is key to First Horizon's future, and any delays or setbacks are likely to impact the stock market.
Investors are likely feeling uncertain about their investments in First Horizon, leading to a drop in stock value.
Curious to learn more? Check out: Horizon Bancorp Stock
Q3 2021 Earnings Call
First Horizon Corporation reported its Q3 2021 earnings on a call for the period ending September 30, 2021.
The bank's Q3 2021 earnings call was a significant event, providing insights into the company's financial performance.
First Horizon Corporation's Q3 2021 earnings call was held to discuss the company's financial results for the period ending September 30, 2021.
The Q3 2021 earnings call was an opportunity for investors and analysts to ask questions and gain a deeper understanding of the company's financial situation.
First Horizon Corporation's Q3 2021 earnings call transcript is a valuable resource for those interested in learning more about the company's financial performance.
The Q3 2021 earnings call provided a snapshot of the company's financial condition at the end of the quarter.
First Horizon Corporation's Q3 2021 earnings call was a key event in the company's financial calendar, providing a crucial update on its financial performance.
Investors and analysts closely followed the Q3 2021 earnings call to gauge the company's financial health and future prospects.
First Horizon Corporation's Q3 2021 earnings call was an opportunity for the company to communicate its financial results and strategies to stakeholders.
The Q3 2021 earnings call was a significant event in the company's history, providing valuable insights into its financial performance and future direction.
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Frequently Asked Questions
What is the outlook for First Horizon Bank?
According to 13 Wall Street analysts, the average 12-month price target for First Horizon Bank is $21.54, indicating a potential 5.85% increase from its current price. This forecast suggests a positive outlook for the bank, but it's essential to consider various factors before making any investment decisions.
Who is First Horizon Bank merging with?
First Horizon Bank is merging with IBERIABANK to create a leading regional financial services company. Learn more about this exciting merger in our press release.
Sources
- https://www.firsthorizon.com/First-Horizon-Corporation/Blues-Page
- https://www.complianceweek.com/regulatory-enforcement/sec-fines-first-horizon-325k-for-regbi-violations-caused-by-merger/35395.article
- https://www.prnewswire.com/news-releases/first-horizon-recognized-by-time-magazine-on-list-of-worlds-best-companies-302257553.html
- https://www.americanbanker.com/payments/news/first-horizons-leadership-team-discusses-the-banks-recover-from-the-scuttled-td-bank-deal
- https://www.fool.com/quote/nyse/fhn/
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