$FHN (First Horizon National Corporation)

$FHN {{ '2016-10-14T17:28:59+0000' | timeago}} • Webcast

For 3Q16, $FHN's avg. consolidated loans were up 12% YoverY, with avg. core deposits increasing 11%. Net interest income for the quarter was up 13% from a year ago. On a sequential basis, net interest margin was up 4 BP, driven by higher commercial loan growth volume.

$FHN {{ '2017-12-07T17:47:16+0000' | timeago}} • Announcement

$FHN announced the final merger consideration allocation results for its Capital Bank Financial Corp. acquisition. Each share of Capital Bank Financial common stock was converted into the right to receive either $40.573 in cash or 2.1732 shares of First Horizon common stock. 42% of Capital Bank stockholders elected to receive cash.

$FHN {{ '2017-12-07T16:45:30+0000' | timeago}} • Announcement

$FHN announced final merger consideration election and allocation results for its acquisition of Capital Bank Financial Corp., which was closed effective Nov. 30, 2017. Each Capital Bank Financial share was converted into right to receive either $40.573 in cash or 2.1732 shares of First Horizon, at election of holder of such share of Capital Bank.

$FHN {{ '2017-12-05T14:41:22+0000' | timeago}} • Announcement

Brad Martin, who has been the member of $FHN's Board since 1994, retired. Currently, he serves as the Chairman of RBM Venture Company.

$FHN {{ '2017-11-17T21:55:44+0000' | timeago}} • Announcement

$FHN and $CBF said that, in connection with their proposed merger, Capital Bank Corp. will sell two branches in Greene County, totaling about $34MM in deposits and $2.5MM in loans, to Apex Bank, a Tennessee banking corporation. The divestiture transaction is subject to completion of the First Horizon and Capital Bank Financial merger.

$FHN {{ '2017-11-17T21:35:59+0000' | timeago}} • Announcement

$FHN and $CBF announced election deadline of Nov. 28 for $CBF's stockholders to elect merger consideration and expected closing date. The election deadline may be extended, in which case $FHN and $CBF will announce the new election deadline.

$FHN {{ '2017-10-13T19:56:15+0000' | timeago}} • Webcast

$FHN said its expenses from a core perspective is trending well and was in the range of about $220-225MM from an expense run rate standpoint. The company added that 4Q17 would largely look like the same or about a couple of million dollars higher.

$FHN {{ '2017-10-13T19:55:04+0000' | timeago}} • Webcast

$FHN stated that looking into the next several quarters, the loan pipeline is looking steady. However, the company is seeing a bit of a seasonal impact in 4Q17, due to which some of its businesses are likely to impact mortgage warehouse lending due to home closings.

$FHN {{ '2017-10-13T12:21:59+0000' | timeago}} • Announcement

Memphis based bank holding company $FHN's profitability remained strong in 3Q17, pushed by average loan growth of 6%, which in turn pushed net interest income to grow 13% YoY. Profit grew 6.53% to $67.33MM from $63.2MM or $0.27 per share a year earlier. Revenue, however, declined 3.4% to $322.2MM. On an adjusted basis $FHN earned $0.32 per share.

$FHN {{ '2017-10-11T12:13:36+0000' | timeago}} • Announcement

$FHN and Capital Bank Financial Corp. agreed to sell 2 of Capital Bank Financial's branches in Greene County, Tennessee, with deposits that totaled about $33.6MM as of June 30, 2016, in order to resolve competitive concerns raised by the Antitrust Division of the U.S. Department of Justice about the banks' pending merger.

$FHN {{ '2017-09-28T20:46:29+0000' | timeago}} • Announcement

First Tennessee Bank, an arm of $FHN, announced that Somesh Kasibhatla has joined the company as SVP and Director of treasury management products. Prior to joining First Tennessee, he was group VP and head of digital systems rollout and client transitions at SunTrust Bank.

$FHN {{ '2017-09-28T15:39:03+0000' | timeago}} • Announcement

First Tennessee Bank, a subsidiary of $FHN, and Pinnacle Financial Partners announced that they have resolved the dispute that led to a lawsuit. First Tennessee had filed a lawsuit last year, claiming a former manager, now at Pinnacle, tried to help recruit other First Tennessee bankers to Pinnacle before he resigned.

$FHN {{ '2017-07-14T15:04:53+0000' | timeago}} • Webcast

On the Capital Bank integration, $FHN expects to grow relationships from day one, though the integration will take some time to complete. The company's conversion integration timeline planning is around 1H18. And relating to revenue synergies, hold position and lending arrangements etc., the company added it will start from day one.

$FHN {{ '2017-07-14T13:48:54+0000' | timeago}} • Webcast

$FHN would focus on execution in its core business going forward, namely banking, and FTN Financial. The company is also seeing good opportunities for loan growth in the coming months. $FHN's planning for the merger with Capital Bank continues to be on track.

$FHN {{ '2017-07-14T11:35:53+0000' | timeago}} • Announcement

Banking company $FHN posted a surge in 2Q17 earnings, driven by YoY percentage increases in revenue, pretax income, loans and average deposits. Net income jumped 60.6% to $90.8MM or $0.38 per share from $56.54MM or $0.24 per share a year ago. Revenue rose marginally by 2.04% to $328.3MM. Excluding items, $FHN earned $0.27 per share.

$FHN {{ '2017-05-04T17:43:59+0000' | timeago}} • Announcement

As part of a merger agreement between $FHN and $CBF, two members of Capital Bank’s BoD will join the First Horizon board, including Capital Bank CEO Gene Taylor, who will become vice chairman of First Horizon.

$FHN {{ '2017-05-04T17:31:38+0000' | timeago}} • Announcement

$FHN and $CBF have agreed to merge and create the fourth largest regional bank in the Southeast. Under the transaction, valued at $2.2Bil,  each holder of $CBF common stock will receive cash or stock with a value equivalent to 1.750 $FHN shares and $7.90 in cash for each $CBF share held. The transaction is expected to close in Q4.

$FHN {{ '2017-04-25T21:09:55+0000' | timeago}} • Announcement

$FHN's BoD approved payment of a quarterly cash dividend on its common stock of $0.09 per share. The dividend is payable on July 3, 2017 to the common shareholders of record on June 9, 2017.

$FHN {{ '2017-04-13T19:01:59+0000' | timeago}} • Webcast

$FHN said that on share buybacks, it's going to depend on how the stock price performs and how it performs relative to the tangible book. The company believes it will continue to be targeted and opportunistic and will buy stock whenever opportunities arise.

$FHN {{ '2017-04-13T18:52:57+0000' | timeago}} • Webcast

$FHN said that in 1Q17, the company had about average balances of about $2Bil in excess cash compared to $700MM-ish in 4Q16. The main reason for the growth was deposit growth. However, $FHN expects the cash to come down in 2Q17 to 4Q16 levels.

$FHN {{ '2017-04-13T18:21:26+0000' | timeago}} • Webcast

$FHN's expenses linked quarter were down 7% in 1Q17, driven by declines across various line items like litigation cost, commissions, personnel, advertising, software and legal. Efficiency ratio, however, improved 193 BP linked quarter and the Regional Bank efficiency ratio improved 225 BP to about 58%.

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