First Horizon’s board authorized a new $1.2 billion common‑stock repurchase program effective at close of business on Oct 27, 2025, replacing a prior authorization that had $180 million remaining and was set to expire Jan 31, 2026. The new program will expire Jan 31, 2027.
The board also declared a quarterly cash dividend of $0.15 per share on common stock, payable Jan 2, 2026, to shareholders of record as of Dec 12, 2025. The company also announced cash dividends on its Series C, Series E, and Series F preferred stock, and on First Horizon Bank’s Class A non‑cumulative perpetual preferred stock.
First Horizon’s capital position remains strong, with a Common Equity Tier 1 ratio of 11.0 % and total assets of $83.2 billion as of September 30, 2025. The company has already repurchased $498 million under its $1 billion program and $820 million under the prior program, leaving $180 million remaining.
The announcement follows the company’s Q3 2025 earnings release on Oct 15, 2025, where it reported adjusted earnings per share of $0.51 and revenue of $889 million, both above analyst expectations. CEO Bryan Jordan said, “Our strong capital position and capital generation support our ability to grow our balance sheet and return excess capital to our shareholders.”
The new repurchase program allows the board to deploy capital flexibly, using open‑market purchases, Rule 10b5‑1 plans, or accelerated share repurchase transactions, as management sees fit. First Horizon has maintained dividend payments for 15 consecutive years, underscoring its commitment to shareholder returns.
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