First Horizon’s board of directors authorized a new $1.2 billion common‑stock repurchase program effective as of the close of business on October 27, 2025. The program replaces a prior authorization that had roughly $180 million of remaining authority and was set to expire on January 31, 2026. The new program will remain in effect until January 31, 2027, giving the company flexibility to repurchase shares in the open market, through privately negotiated transactions, or under Rule 10b5‑1 plans, depending on capital conditions and market conditions.
The company also declared a quarterly cash dividend of $0.15 per share on its common stock, payable on January 2, 2026 to shareholders of record as of December 12, 2025. In addition, First Horizon announced cash dividends on its preferred stock: Series C at $165.00 per share, payable February 2, 2026 with a record date of January 16, 2026; Series E at $1,625.00 per share, payable January 12, 2026 with a record date of December 26, 2025; Series F at $1,175.00 per share, payable January 12, 2026 with a record date of December 26, 2025; and First Horizon Bank’s Class A preferred stock at $13.15736 per share, payable January 12, 2026 with a record date of December 26, 2025.
First Horizon reported total assets of $83.2 billion as of September 30, 2025 and operates in 12 states across the southern United States. The new share‑repurchase program and dividend declaration underscore the company’s confidence in its capital position and its commitment to returning excess capital to shareholders. The board noted that the program will be executed in a manner that supports the company’s financial flexibility while enhancing shareholder value through a reduced share count and consistent income streams.
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