First Horizon bucks trend as deposit costs slow [Yahoo! Finance]
First Horizon Corporation (FHN)
Last first horizon corporation earnings: 4/21 06:30 am
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Source: Yahoo! Finance
That was no easy feat after the Memphis, Tennessee, bank spent big on a deposit-gathering campaign once its planned acquisition by the Canadian-owned TD Bank Group was scuttled in May. Having gained new depositors last year, First Horizon's challenge has been retaining those customers while not paying them the special rates they got last year. Its progress on that front was positive in the first quarter, analysts say, as were other parts of the bank's quarterly results announced Wednesday. "This was another solid quarter that met high expectations," RBC Capital Markets analyst Jon Arfstrom wrote in a note to clients. First Horizon has "rightsized the ship following last year's failed acquisition," Alexander Yokum, an analyst at CFRA Research, wrote in a note to clients. Yokum upgraded his view of the company from a "hold" to a "buy," noting that its deposit costs are going in the right direction while other banks show pressures. Investors welcomed the news, driving the region
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FHN
News
- TD Takes $450 Million Provision in US Money-Laundering Probe [Yahoo! Finance Canada]Yahoo! Finance Canada
- TD Takes $450 Million Provision in US Money-Laundering Probe [BNN Bloomberg (Canada)]BNN Bloomberg
- First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15 [Yahoo! Finance]Yahoo! Finance
- First Horizon Declares Cash Dividends on Common and Preferred StockPR Newswire
- Best Value Stocks to Buy for April 22nd [Yahoo! Finance]Yahoo! Finance
FHN
Earnings
- 4/17/24 - Beat
FHN
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- FHN's page on the SEC website