$FHN (First Horizon National Corporation)

$FHN {{ '2016-04-15T12:15:28+0000' | timeago}} • Announcement

$FHN said its 1Q16 net interest income grew to $172.1MM from $166.7MM in 4Q15. Net interest margin rose to 2.88% from 2.74% in 1Q15. The company also added that the Dec. 2016 rate increase by the Federal Reserve contributed to increases in both net interest income and net interest margin for 1Q16.

$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%.

$FHN {{ '2017-04-13T11:23:45+0000' | timeago}} • Announcement

Bank holding company $FHN posted a 12.96% increase in its 1Q17 profits, helped by growth in net interest income, deposits and loans. Net income available to common shareholders was $54.01MM, or $0.23 per share compared to $47.81MM or $0.20 per share a year ago. Total revenue was almost flat at $306.64MM during the quarter.

$FHN {{ '2017-04-03T20:01:25+0000' | timeago}} • Announcement

FTN Financial, a division of First Tennessee Bank, a member of $FHN family of companies, has closed the acquisition of Coastal Securities, a player in the trading, securitization and analysis of Small Business Administration (SBA) loans. Coastal also trades United States Department of Agriculture (USDA) loans and fixed income products.

$FHN {{ '2017-01-25T12:33:59+0000' | timeago}} • Announcement

$FHN's BoD lifted quarterly cash dividend by 29% to $0.09 from $0.07 per share. The dividend is payable on April 3, 2017 to shareholders of record on March 10, 2017. This raises the regular annual common dividend rate from $0.28 to $0.36 per share.

$FHN {{ '2017-01-13T15:41:52+0000' | timeago}} • Webcast

$FHN said that 2017 is likely to start off slow from an M&A perspective. The company believes that the industry will move back into further consolidation and more M&A activities will happen in next year.

$FHN {{ '2017-01-13T15:28:04+0000' | timeago}} • Webcast

$FHN said it is currently very focused on expense discipline on things that does not support revenue. The company said it will flatten out the expense level and drive positive operating leverage in 2017.

$FHN {{ '2017-01-13T12:44:56+0000' | timeago}} • Announcement

During 4Q16, $FHN agreed to acquire Coastal Securities. The company also repurchased approx. 7.4MM shares at an average price of $12.67. $FHN declared common dividends of $0.28 per share during the quarter.

$FHN {{ '2017-01-13T12:39:39+0000' | timeago}} • Announcement

Bank holding company $FHN reported 13.3% increase in its 4Q16 earnings, helped by double-digit percentages growth in loans and deposits. Net income available to common shareholders was $53.2MM, or $0.23 per share compared to $47MM or $0.20 per share during 4Q15. Total revenue grew 7% to $319.6MM during the quarter compared to $298.8MM in 4Q15.

$FHN {{ '2016-11-21T13:55:20+0000' | timeago}} • Announcement

First Tennessee Bank, a part of $FHN, said Pam Fansler will become chairman of its East Tennessee region as Dave Miller, EVP of consumer banking, moves into Fansler's position as region president. The changes will take place on March 1, 2017 as Fansler prepares to retire in July.

$FHN {{ '2016-10-31T17:14:32+0000' | timeago}} • Announcement

$FHN said FTN Financial, a division of First Tennessee Bank, has agreed to buy Coastal Securities. Based in Houston, TX, Coastal also trades United States Department of Agriculture (USDA) loans and fixed income products and provides municipal underwriting and advisory services to its clients.

$FHN {{ '2016-10-26T22:12:32+0000' | timeago}} • Announcement

$FHN board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on January 3, 2017, to the common shareholders of record on December 9, 2016.

$FHN {{ '2016-10-14T18:17:08+0000' | timeago}} • Webcast

In Houston operations, $FHN is just under $300MM in loans and just under about $200MM in energy and energy related credits. The opportunities in Houston is strong and the company is optimistic about the trends there.

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