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First Horizon
-6.25%
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee. It was founded in 1864 as the First National Bank of Memphis and has since grown to become one of the largest banking companies in the Southeastern United States. First Horizon offers a range of banking, investment, and insurance products and services to individuals, businesses, and institutions.
The company operates through its main subsidiary, First Tennessee Bank, which has over 250 branches and more than 300 ATMs across Tennessee and surrounding states. First Horizon also has other subsidiaries, including FTB Advisors, FTN Financial, and First Horizon Merchant Services.
In addition to its traditional banking services, First Horizon offers mortgage services, wealth management, treasury management, and commercial lending. The company also offers online and mobile banking options for customers.
First Horizon is committed to giving back to its communities and has a strong philanthropic focus. The company supports various organizations and causes such as education, healthcare, and affordable housing.
In 2020, First Horizon merged with Iberiabank, creating a combined company with over $79 billion in assets and a presence in 12 states. The merger was completed to better serve customers and provide a broader range of products and services.
Overall, First Horizon is a well-established and reputable financial company that continues to grow and adapt to meet the changing needs of its customers.
The company operates through its main subsidiary, First Tennessee Bank, which has over 250 branches and more than 300 ATMs across Tennessee and surrounding states. First Horizon also has other subsidiaries, including FTB Advisors, FTN Financial, and First Horizon Merchant Services.
In addition to its traditional banking services, First Horizon offers mortgage services, wealth management, treasury management, and commercial lending. The company also offers online and mobile banking options for customers.
First Horizon is committed to giving back to its communities and has a strong philanthropic focus. The company supports various organizations and causes such as education, healthcare, and affordable housing.
In 2020, First Horizon merged with Iberiabank, creating a combined company with over $79 billion in assets and a presence in 12 states. The merger was completed to better serve customers and provide a broader range of products and services.
Overall, First Horizon is a well-established and reputable financial company that continues to grow and adapt to meet the changing needs of its customers.
What is special about the company?
There are a few things that are special about the First Horizon company:
1. Longevity and History: First Horizon was founded in 1864, making it one of the oldest financial institutions in the United States. This long history has allowed the company to develop a strong reputation and build a loyal customer base.
2. Diversified Financial Services: First Horizon offers a wide range of financial services, including banking, wealth management, insurance, and mortgage services. This diversified approach has helped the company weather economic downturns and maintain stability over the years.
3. Commitment to Community: First Horizon has a strong commitment to giving back to the communities it serves. The company has a dedicated charitable foundation and has consistently been recognized for its philanthropic efforts.
4. Innovation and Technology: First Horizon has embraced technology and innovation to improve its services and customer experience. This includes offering online and mobile banking, as well as utilizing cutting-edge security measures to protect customer information.
5. Strong Financial Performance: Despite economic challenges, First Horizon has maintained strong financial performance over the years. The company's solid financial standing has earned it recognition from industry experts and helped instill trust in its customers.
1. Longevity and History: First Horizon was founded in 1864, making it one of the oldest financial institutions in the United States. This long history has allowed the company to develop a strong reputation and build a loyal customer base.
2. Diversified Financial Services: First Horizon offers a wide range of financial services, including banking, wealth management, insurance, and mortgage services. This diversified approach has helped the company weather economic downturns and maintain stability over the years.
3. Commitment to Community: First Horizon has a strong commitment to giving back to the communities it serves. The company has a dedicated charitable foundation and has consistently been recognized for its philanthropic efforts.
4. Innovation and Technology: First Horizon has embraced technology and innovation to improve its services and customer experience. This includes offering online and mobile banking, as well as utilizing cutting-edge security measures to protect customer information.
5. Strong Financial Performance: Despite economic challenges, First Horizon has maintained strong financial performance over the years. The company's solid financial standing has earned it recognition from industry experts and helped instill trust in its customers.
What the company's business model?
The First Horizon company is primarily a financial services company that offers a variety of banking and financial products and services to individuals, businesses, and institutional clients. Their business model is focused on providing personalized and comprehensive financial solutions to their customers, including traditional banking services such as checking and savings accounts, loans, mortgages, and investment services. They also offer specialized services such as wealth management, insurance, and retirement planning. First Horizon operates through a network of branch locations and digital channels, aiming to build long-term customer relationships and drive long-term profitability through their diverse range of financial services.
Interesting facts about the company
1. First Horizon, originally called First National Bank of Memphis, was founded in 1864, making it one of the oldest banks in Tennessee.
2. In 1984, First Horizon became the first Tennessee-based bank to reach $1 billion in assets.
3. The company’s logo, a gryphon - a mythical animal that is half eagle and half lion - was chosen to symbolize the strength and diversity of the company.
4. First Horizon has more than 250 bank branches and over 3,500 employees in 11 states across the Southeast.
5. In 2016, First Horizon acquired Capital Bank, expanding its presence in North and South Carolina, Virginia, and Florida.
6. The company’s wealth management division, FTB Advisors, was named one of the top 100 wealth management firms in the US by Barron’s magazine in 2021.
7. First Horizon was the first financial institution in the US to offer online banking in 1994.
8. In 2020, First Horizon launched its employee resource group, the LGBTQ+ Alliance, to promote diversity and inclusion within the company.
9. The company has been recognized for its commitment to environmental sustainability and was named one of the World’s Most Ethical Companies by Ethisphere in 2020 and 2021.
10. First Horizon is known for its philanthropic efforts and has donated over $35 million to various community and educational organizations through their Foundation since 1993.
See Company Due Diligence:
2. In 1984, First Horizon became the first Tennessee-based bank to reach $1 billion in assets.
3. The company’s logo, a gryphon - a mythical animal that is half eagle and half lion - was chosen to symbolize the strength and diversity of the company.
4. First Horizon has more than 250 bank branches and over 3,500 employees in 11 states across the Southeast.
5. In 2016, First Horizon acquired Capital Bank, expanding its presence in North and South Carolina, Virginia, and Florida.
6. The company’s wealth management division, FTB Advisors, was named one of the top 100 wealth management firms in the US by Barron’s magazine in 2021.
7. First Horizon was the first financial institution in the US to offer online banking in 1994.
8. In 2020, First Horizon launched its employee resource group, the LGBTQ+ Alliance, to promote diversity and inclusion within the company.
9. The company has been recognized for its commitment to environmental sustainability and was named one of the World’s Most Ethical Companies by Ethisphere in 2020 and 2021.
10. First Horizon is known for its philanthropic efforts and has donated over $35 million to various community and educational organizations through their Foundation since 1993.
See Company Due Diligence:
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