First Horizon Unveils Major $1.2 Billion Stock Buyback Plan and Cash Dividends Announcement

First Horizon Announces $1.2 Billion Stock Buyback Plan

Memphis, Tennessee – In a strategic move to enhance shareholder value, First Horizon Corporation (NYSE: FHN) has authorized a significant $1.2 billion common stock repurchase program. This announcement was made by the company's board of directors on October 27, 2025. With this new initiative, First Horizon aims to replace its prior repurchase program, which had about $180 million remaining and was set to expire on January 31, 2026. The new buyback plan will remain valid until January 31, 2027.

The Chairman of the Board, President, and Chief Executive Officer, Bryan Jordan, commented on the decision, stating, "Our strong capital position and capital generation support our ability to grow our balance sheet and return excess capital to our shareholders." This sentiment highlights the commitment of First Horizon to manage its resources effectively while rewarding investors.

Share Repurchase Plan

The stock repurchase may be executed either in the open market or through privately negotiated transactions. The management team will decide on the timing and exact amount of repurchases based on various criteria, including the company’s financial standing, market conditions, and regulatory requirements. By purchasing back shares, First Horizon aims to reduce the number of outstanding shares, potentially increasing the stock's value for current investors.

Cash Dividends Declaration

In conjunction with the buyback announcement, First Horizon's board also declared quarterly cash dividends for both common and preferred stocks. A cash dividend of $0.15 per share will be distributed on January 2, 2026, for shareholders who are on record by December 12, 2025. This initiative further consolidates the firm’s approach of maintaining strong capital returns to its investors.

Additionally, dividends on the company’s Series C, Series E, and Series F preferred stocks were also declared. For Series C, a quarterly dividend of $165.00 per share, translating to a dividend of $0.4125 per Depositary Share, will be payable on February 2, 2026. The Series E preferred stock will offer a cash dividend of $1,625.00 per share, equating to a dividend of $0.40625 per Depositary Share. Shareholders will receive these dividends as well on January 12, 2026, as long as they are recorded by December 26, 2025. Likewise, for Series F, the quarterly cash dividend will be $1,175.00 per share, equating to a $0.29375 dividend per Depositary Share.

In a note regarding First Horizon Bank’s Class A Non-Cumulative Perpetual Preferred Stock, a cash dividend of $13.15736 per share is set to pay out on January 12, 2026, also contingent on record holdings as of December 26, 2025.

About First Horizon

First Horizon Corporation operates as a prominent regional financial services company with assets totaling $83.2 billion as of September 30, 2025. Centrally located in Memphis, Tennessee, the organization includes First Horizon Bank, which serves across 12 states predominantly located in the southern United States. The company offers a wide range of services, including commercial, private banking, consumer banking, small business services, wealth and trust management, and more. First Horizon has garnered recognition as one of the nation’s best employers by prominent sources like Fortune and Forbes magazines, as well as being named a Top 10 Most Reputable U.S. Bank. For further information, please visit www.FirstHorizon.com.