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Buy (3.20 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 1:01 AM
Slide #81. First Horizon Corporation — Preferred Stock Offering
Company: |
First Horizon Corporation (NYSE:FHN) |
Date announced: |
4/28/2021 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
First Horizon Corporation (NYSE: FHN) ("First Horizon") announced today a public offering of depositary shares, each representing 1/4,000th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series F, $100,000 liquidation preference per share (equivalent to $25 per depositary share). First Horizon may grant the underwriters a 30-day option to purchase additional depositary shares solely to cover over-allotments, if any. First Horizon intends to use the net proceeds of this offering to redeem in full the outstanding shares of its Non-Cumulative Perpetual Preferred Stock, Series A, and related depositary shares (NYSE: FHN PRA); any remainder will be used for general corporate purposes. |
First Horizon is a bank holding company. Through its principal subsidiary, First Horizon Bank (the Bank), Co. provides regional banking, mortgage lending, title insurance, specialized commercial lending, commercial leasing and equipment financing, brokerage, wealth management, capital markets, and other financial services to commercial, consumer, and governmental clients throughout the U.S. Co.'s operating segments are: Regional Banking, which provides financial products and services, including conventional lending and deposit taking; and Specialty Banking, which consists of lines of business that deliver product offerings and services with specialized industry knowledge. Preferreds: FHN.PRA, FHN.PRB, FHN.PRC, FHN.PRD, FHN.PRE, FHN.PRF
Open the FHN Page at Preferred Stock Channel »
Name: |
First Horizon Corp |
Website: |
www.firsthorizon.com |
Sector: |
Banking & Savings |
Number of ETFs Holding FHN: |
65 (see which ones) |
Total Market Value Held by ETFs: |
$1,632,724,514.34 |
Total Market Capitalization: |
$7,773,000,000 |
% of Market Cap. Held by ETFs: |
21.01% |
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