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First Horizon Corp | 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (FHN.PRB)
Prospectus excerpt: We are offering 3,000,000 depositary shares each representing a 1/400th ownership interest in a share of our 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, par value $1.00 per share (ÙSeries B preferred stockˆ), with a liquidation preference of $10,000 per share of Series B preferred stock (equivalent to $25 per depositary share). Full Prospectus PDF », Secondary Prospectus PDF », FHN Page »
| Series: | B | | Alternate symbology: | FHN-B, FHN-PB, FHNprB | | Redeemable?: | Yes | | Call Date: | 8/1/2025 | | Perpetual?: | Yes | | Cumulative?: | No | | Shares Offered: | 3,000,000 | | Overallotment: | 450,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $24.25 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-0.75 (-3.00%) | | Annualized Dividend: | 1.65625 | | Recent Ex-Date: | 7/17/2024 | | Current Yield: | 6.83% | | Original Coupon: | 6.625% per annum, then, from, and including, August 1, 2025, dividends will accumulate and be payable at a floating rate equal to three-month LIBOR (as defined herein) plus a spread of 426.2 basis points per annum | | Pay Period: | Quarterly | | Pay Dates: | 1-Feb, 1-May, 1-Aug, 1-Nov | | CDx3 Compliance Rating: |
Learn FHN.PRB's Rating
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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
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| Name: |
First Horizon Corp |
| Website: |
www.firsthorizon.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding FHN: |
64 (see which ones) |
| Total Market Value Held by ETFs: |
$1,709,368,958.92 |
| Total Market Capitalization: |
$8,343,000,000 |
| % of Market Cap. Held by ETFs: |
20.49% |
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