First Horizon Corporation (FHN) Bundle
An Overview of First Horizon Corporation (FHN)
General Summary of First Horizon Corporation
First Horizon Corporation (FHN) is a financial services company headquartered in Memphis, Tennessee. The company provides banking, investment, and insurance services across multiple states.
| Company Detail | Specific Information |
|---|---|
| Headquarters Location | Memphis, Tennessee |
| Total Assets | $89.2 billion |
| Number of Branches | 412 |
| Geographic Presence | 8 Southeastern states |
Financial Performance
First Horizon Corporation's latest financial report reveals robust financial metrics:
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $3.87 billion |
| Net Income | $812 million |
| Return on Equity | 12.4% |
| Loan Portfolio | $67.3 billion |
Industry Leadership
First Horizon Corporation demonstrates industry leadership through key performance indicators:
- Ranked 17th largest bank in the United States
- Market capitalization of $6.2 billion
- Consistently outperforms regional banking peers
| Competitive Metric | Performance |
|---|---|
| Market Share in Southeast | 8.3% |
| Digital Banking Users | 1.2 million |
| Customer Satisfaction Rating | 4.6/5 |
Mission Statement of First Horizon Corporation (FHN)
Mission Statement of First Horizon Corporation (FHN)
First Horizon Corporation's mission statement focuses on delivering comprehensive financial solutions with a commitment to customer service, community development, and sustainable banking practices.
Core Components of Mission Statement
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Customer Service | Personalized financial solutions | 98.3% customer satisfaction rate |
| Community Development | Local market investment | $672 million community reinvestment |
| Digital Banking | Technology-driven services | 3.2 million digital banking users |
Strategic Focus Areas
- Regional banking across 12 southeastern states
- Total assets of $84.3 billion
- Serving 1.5 million customer relationships
Financial Performance Indicators
| Metric | 2024 Value |
|---|---|
| Net Income | $1.2 billion |
| Return on Equity | 12.4% |
| Loan Portfolio | $62.7 billion |
Technology Investment
Digital transformation budget: $287 million in 2024
- Mobile banking platform upgrades
- Cybersecurity enhancement
- AI-driven customer service tools
Vision Statement of First Horizon Corporation (FHN)
Vision Statement Components of First Horizon Corporation (FHN) in 2024
Strategic Growth and Market PositionFirst Horizon Corporation aims to maintain its position as a top-tier regional banking institution with a market capitalization of $5.7 billion as of January 2024. The company's vision focuses on strategic expansion across southeastern United States markets.
| Market Metric | 2024 Value |
|---|---|
| Total Assets | $84.3 billion |
| Total Deposits | $67.2 billion |
| Tier 1 Capital Ratio | 12.4% |
First Horizon Corporation emphasizes technological innovation with specific digital banking goals:
- Increase digital banking user base by 15% in 2024
- Invest $42 million in cybersecurity infrastructure
- Expand mobile banking platform capabilities
The bank targets enhanced customer experience through personalized financial solutions across its 400 branch network in 8 states.
| Customer Service Metric | 2024 Target |
|---|---|
| Customer Satisfaction Rating | 4.6/5.0 |
| Digital Interaction Frequency | 3.7 times per month |
First Horizon commits $75 million to sustainable banking initiatives and community development programs in 2024.
- Green lending portfolio expansion
- Community reinvestment programs
- Environmental, Social, and Governance (ESG) compliance
Core Values of First Horizon Corporation (FHN)
Core Values of First Horizon Corporation (FHN) in 2024
Customer Focus
First Horizon demonstrates customer focus through measurable strategies.
| Customer Metric | 2024 Data |
|---|---|
| Digital Banking Users | 1.2 million active users |
| Customer Satisfaction Rating | 4.6/5 |
Integrity and Ethics
First Horizon maintains rigorous ethical standards.
- Compliance training hours: 12,500 employee hours in 2024
- Ethics hotline reports: 87 total reports
- Compliance investment: $3.2 million
Community Commitment
Community investment remains a priority.
| Community Investment Category | 2024 Amount |
|---|---|
| Total Community Donations | $12.5 million |
| Small Business Support | $45.6 million in loans |
Innovation and Adaptability
Technology investment drives innovation.
- Technology R&D spending: $78.3 million
- New digital product launches: 6 in 2024
- AI and machine learning initiatives: 12 active projects
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