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Case 100 First Horizon Corporation

In: Rising Stars

Author

Listed:
  • B. Rajesh Kumar

    (Institute of Management Technology)

Abstract

First Horizon Bank had its origin in the year 1864 when First National Bank of Memphis was established by Frank S Davis. First Horizon Corp is a leading regional financial services company headquartered in Memphis, Tennessee. First Horizon operates in 12 states across the southern United States. The bank and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage services. The loans and deposits offered by the bank are basically in the regional banking and specialty banking segments. The principal lines of business in the specialty banking segment are fixed income/capital markets, professional commercial real estate, mortgage warehouse lending, asset-based lending, franchise finance, equipment finance, corporate banking, correspondent banking, and mortgage origination. The total cumulative monthly return for First Horizon stock was 20% for the recent 5-year period October 2018–September 2023 compared to the total cumulative monthly return of 5.85% for the market index Nasdaq Bank index. The total assets, gross loans, and deposits increased by 24%, 25%, and 27%, respectively, on average basis during the period 2018–2022.

Suggested Citation

  • B. Rajesh Kumar, 2024. "Case 100 First Horizon Corporation," Management for Professionals, in: Rising Stars, pages 719-724, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-50032-9_100
    DOI: 10.1007/978-3-031-50032-9_100
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