First Horizon National Corp (NYSE:FHN) will post fourth quarter and FY2017 financial results in an announcement prior to the market opening on January 19, followed by a conference call during which management will assess performance and earnings trends. As it is known, the company offers financial services through its Capital Bank, First Tennessee, FTN Financial businesses and FTB Advisors.
First Horizon operates over 350 bank sites across the southern United States and 28 FTN Financial offices in the entire country. Their banking subsidiary was established in 1864 and boasts the fourteen oldest national bank charter in the nation. The Capital Bank and First Tennessee brands have the leading deposit market stake in Tennessee and one of the best client retention rates of any bank in the nation.
They have been rated by American Banker as number 5 among the top ten most renowned U.S. Banks. The company’s FTB Advisors wealth management group boasts over 300 financial advisors and assets under administration of around $30 billion. FTN Financial marks as a capital markets industry pioneer in fixed income sales, strategies and trading for institutional clients in the U.S. and abroad.
Earlier in December, after a year of remarkable performance by First Horizon and in connection with latest tax reform initiatives, the company is offering bonuses to its employees. The company will distribute $1,000 bonuses to entitled employees in January. These one-time payouts will be given to employees who are not part of firm-sponsored bonus plans.
Bryan Jordan, the CEO and Chairman of First Horizon, expressed that this has been a remarkable year for company as they experienced revenue growth and strong balance sheet while focusing on regulating costs. Their merger with Capital Bank, so far it has been a convenient transition thanks to company employees.
As a result of this remarkable performance and due to recent tax reform initiatives that they consider will benefit First Horizon, they are delighted to provide bonuses to their people who work hard daily to maintain company’s reputation as one of the leading firms to work for one of the most reputed banks in the nation.