First Horizon Unveils Major Stock Repurchase and Dividend Plans

First Horizon Corporation Announces New Initiatives for Shareholders

First Horizon Corporation (NYSE: FHN) has recently made significant announcements that will positively impact its shareholders and overall financial strategy. At its core, the company has approved a new $1.2 billion common stock repurchase program. This move is seen as a proactive step to enhance shareholder value and reflects the strong financial health of the company. This repurchase program will officially replace the previous program that had about $180 million of authorization still available.

Importantly, the new share repurchase program will be active until January 31, 2027, allowing for sufficient time to execute these repurchases effectively. The decision to implement this program was made with careful consideration of the company's capital position and future growth strategies.

Quarterly Cash Dividends Declared

In addition to the stock repurchase program, First Horizon's board of directors also declared a quarterly cash dividend of $0.15 per common share. This dividend underscores the company's commitment to returning capital to its shareholders. Shareholders can expect to receive this payment on January 2, 2026, to those recorded by the cut-off date of December 12, 2025.

Insights from Leadership

Chairman of the Board, President, and CEO, Bryan Jordan, emphasized the company’s robust capital position, stating, "Our strong capital position and capital generation support our ability to grow our balance sheet and return excess capital to our shareholders." This sentiment reflects the ongoing commitment to balancing growth while also enriching shareholder investments.

Repurchases of common shares under this program will be carried out in open markets or potentially through private transactions. The specifics of the timing and amounts will be strategically evaluated by senior management, who will consider various factors including overall financial performance and market conditions.

Comprehensive Dividend Information on Preferred Stocks

Beyond the cash dividends on common stock, First Horizon has also announced dividends for its preferred stock series—specifically Series C, E, and F—as well as on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock.

FHN Series C Preferred Stock

For those holding FHN Series C Preferred Stock, a quarterly cash dividend of $165.00 per share has been declared, which translates to $0.4125 per Depositary Share. This payment is due on February 2, 2026, to shareholders recognized by January 16, 2026.

FHN Series E Preferred Stock

Holders of the FHN Series E Preferred Stock can expect a quarterly cash dividend of $1,625.00 per share, equating to $0.40625 per Depositary Share. The payment is scheduled for January 12, 2026, for shareholders recorded by December 26, 2025.

FHN Series F Preferred Stock

For the FHN Series F Preferred Stock, a quarterly cash dividend of $1,175.00 per share is also on the table, amounting to $0.29375 per Depositary Share. This dividend is set for payment on January 12, 2026, aligned with the December 26, 2025, record date.

First Horizon Bank Class A

The First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock will yield a quarterly cash dividend of $13.15736 per share. This will similarly be disbursed on January 12, 2026, to those recorded by December 26, 2025.

About First Horizon Corporation

First Horizon Corporation, operating under the NYSE: FHN ticker, has established itself as a key player in the financial services sector, boasting assets worth $83.2 billion as of the last reporting period. This regional banking powerhouse aims to empower clients, communities, and associates through effective capital and counseling services. Based in Memphis, TN, First Horizon Bank provides a range of services across twelve states in the southern U.S., including commercial banking, wealth management, and mortgage services.

The company has gained recognition as one of America’s top employers, further solidifying its reputation in the industry. Additionally, First Horizon has frequently featured in the media as one of the most reputable banking institutions in the U.S.

Frequently Asked Questions

What is the amount of the new share repurchase program?

The newly announced share repurchase program is valued at $1.2 billion.

When will the announced dividends be paid?

The dividends are scheduled for payment on January 2, 2026, and other dates specified for preferred stocks.

Who is the current CEO of First Horizon?

Bryan Jordan serves as the Chairman, President, and CEO of First Horizon Corporation.

What factors will influence the timing of share repurchases?

The timing will depend on the company's capital position, performance, market conditions, and other regulatory factors.

How does First Horizon support its clients and communities?

First Horizon focuses on providing essential capital and counsel, facilitating growth and development for its clients.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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