|Bid||24.6700 x 1100|
|Ask||24.7800 x 1100|
|Day's Range||24.76 - 24.78|
|52 Week Range||24.56 - 25.55|
|Beta (3Y Monthly)||-0.03|
|PE Ratio (TTM)||19.92|
|Forward Dividend & Yield||1.55 (6.27%)|
|1y Target Est||N/A|
Graduates of US colleges know what it means to be alumni: A steady flow of beseeching mail seeking donations, and the occasional homecoming football game. But what does it mean to be an alum of a company? For a small but increasing number of professionals, it means being part of a network of former employees…
Public records also show that the developers have received a $15 million construction loan from First Tennessee Bank, which also holds the naming rights for the neighboring Sounds ballpark.
First Horizon has realigned part of its executive leadership to “advance strategic objectives.” The Memphis-based financial services provider and parent company to First Tennessee, Capital Bank, FTB Advisors and FTN Financial businesses announced Todd Jones and Tammy LoCascio will shift their roles within the company. “These appointments and realignment streamline decision-making and position the bank to continue delivering operational excellence while enhancing the customer experience,” said David Popwell, president of banking for First Horizon, in a release.
First Horizon National – the $40.6 billion-asset parent of both the Capital Bank and First Tennessee Bank brands – is plotting growth in the Triangle.
Capital Bank is the latest financial institution to target the downtown Raleigh skyline. The bank, recently acquired by First Tennessee parent First Horizon National Corporation, just announced its Raleigh headquarters is moving to the 10-story One Glenwood tower. The Tennessee bank plans to lease the seventh and eighth floors, at more than 50,000 square feet.
Capital Bank is moving its executive team in Charlotte to new offices at Two Piedmont Town Center in SouthPark. The new office will house commercial, retail, private and business banking services. “This larger office affords us room to grow, while still maintaining our focus of providing the resources of a regional bank with a local, community feel," says Larry Hughes, Charlotte market president.
With a focus on execution and plans for future share buybacks, First Horizon executives are confident in the company's position. “In the last decade, our company has not been stronger than it is today," said William “BJ” Losch III, executive vice president and chief financial officer for First Horizon National Corp., in a recent post-earnings interview with the Memphis Business Journal. The $0.83 was positively impacted by the previously announced sale of First Horizon’s Visa Class B Shares, which had a $212.9 million gain.
'You basically have an engineering degree when you graduate [from West Point]. It’s an engineering, problem-solving method, and I love applying that to business.'