First Horizon Corporation FHN

FHN Company Overview

First Horizon Corporation is a U.S.-based financial services company headquartered in Memphis, Tennessee, operating primarily through its principal banking subsidiary, First Horizon Bank. The company provides commercial, private, and consumer banking services, as well as wealth management, treasury management, fixed income, and capital markets services. It operates within the broader banking and financial services industry, with a business model centered on relationship-driven regional banking across the southeastern United States and selected national specialty businesses.

The company’s primary revenue drivers include net interest income from commercial and consumer lending, fees from wealth and treasury services, and income generated through its capital markets operations. Key customer segments include middle-market and corporate businesses, real estate developers, high-net-worth individuals, and retail banking clients. First Horizon traces its origins to 1864 through the founding of First National Bank of Memphis and evolved through mergers, branch expansion, and the integration of regional banking franchises, including the acquisition of Iberiabank Corporation in 2020, which significantly expanded its scale and Gulf South presence. Its strategic positioning has historically emphasized regional market density, commercial banking relationships, and diversified fee-generating businesses.