|Bid||16.59 x 3100|
|Ask||16.60 x 1000|
|Day's Range||16.51 - 16.62|
|52 Week Range||12.30 - 17.42|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||12.79|
|Forward Dividend & Yield||0.56 (3.36%)|
|1y Target Est||N/A|
More employees, more customers, more markets, and more products — that’s what First Horizon stands to gain in the SunTrust branch acquisition.
Let's see if First Horizon National Corporation (FHN) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
SunTrust (STI) will be divesting 30 branches as part of the conditional approval from the Department of Justice for its merger with BB&T (BBT).
First Horizon's (FHN) latest deal will help cater its services in the new markets of Durham, Chapel Hill, and Winston-Salem, NC, as well as fortify the bank's services in Virginia and Georgia.
First Horizon's territory in the Triangle is about to get a lot bigger. Here's how the SunTrust buy impacts customers and employees.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
UBS Group (UBS) enters into partnership with Banco do Brasil in order to strengthen position in Brazil and benefit from latter's capital markets distribution platform.
In his second "Executive Decision" segment of Mad Money Wednesday night, Jim Cramer spoke with Bryan Johnson, chairman, president and CEO of First Horizon National Corp. , which announced earlier this week it is merging with Iberia Bank . Shares of First Horizon are up 14% over the past six months. Johnson said the merger with Iberia will give First Horizon a strong presence throughout the Southeast, including new areas where they don't have branches, including Alabama and Georgia.
A bigger bank means more investments in technology says Bryan Jordan, CEO of Tenn.-based First Horizon National, in the process of buying Louisiana-based Iberia Bank in what’s been described as a “merger of equals.”
“I doubt anyone in this room would take their own money and lend it at the rates the three of us lend it… but you’ll sure borrow at that rate.”
Moody's Investors Service affirms all the ratings of First Horizon (FHN) and its subsidiaries. Moreover, the rating firm's outlook for the bank has been maintained at "stable".
Moody's Investors Service ("Moody's") has affirmed the ratings and assessments of First Horizon National Corporation (FHN) and its bank subsidiary, First Horizon Bank. FHN has a senior unsecured debt rating of Baa3. First Horizon Bank has a baa2 standalone Baseline Credit Assessment (BCA), deposit ratings of A3/Prime-2, an issuer rating of Baa3, Counterparty Risk Ratings of Baa2/Prime-2, and Counterparty Risk Assessments of Baa1(cr)/Prime-2(cr).
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
First Horizon's recent all-stock merger of equals (FHN) with IBERIABANK (IBKC) reflects the companies' strategic efforts for business expansion with diversified products into the Southern market.
The acquisition of LegacyTexas Financial will be earnings accretive to Prosperity Bancshares (PB). Also, the deal expands the company's footprint in Texas.
First Horizon National Corp and IBERIABANK Corp said on Monday they had agreed to merge to create one of the largest banks based in the southeast of the United States. The transaction, the second-largest U.S. bank merger this year by assets, received a positive response from both sets of shareholders: First Horizon and IBERIABANK stock ended 3.2% and 2.8% higher respectively on Monday. Structured as a merger of equals, albeit with legacy First Horizon shareholders controlling 56% of the new entity, the combined bank - called First Horizon - will have around $75 billion in assets and a presence in 11 southeastern U.S. states.
Bryan Jordan and Daryl Byrd said it was only in the past few weeks that this deal really began to come together and the due diligence process was completed.
First Horizon Corp. and Iberiabank Corp. announced Monday a deal in which the regional banks will combine in an all-stock "merger of equals." The combined company will operate under the First Horizon name, be headquartered in Memphis, Tenn. and First Horizon shareholders will 56% of the merged company. Iberiabank is currently headquartered in Lafayette, Louisiana. As of Friday's stock closing prices, First Horizon had a market capitalization of $5.08 billion and Iberiabank's market cap was $3.94 billion. Under terms of the merger, Iberiabank shareholders will receive 4.584 shares of First Horizon for each Iberiabank share they own, which values Iberiabank's stock at $74.765, roughly where the stock closed on Friday. The stocks were still inactive ahead of the open. First Horizon shares have rallied 23.9% year to date and Iberiabank's stock has climbed 16.3%, while the SPDR S&P Regional Banking ETF has advanced 17.6% and the S&P 500 has hiked up 22.3%.
First Horizon National Corporation (NYSE:FHN), operating in the financial services industry based in United States...