First Horizon’s $650M Share Repurchase Plan: A Strategic Move to Enhance Value

First Horizon Corporation Approves $650 Million Stock Repurchase Program

First Horizon Corporation, a prominent regional financial services company, has announced the approval of a significant stock repurchase program. This move reflects the company’s confidence in its financial stability and commitment to delivering shareholder value. The board of directors has authorized the repurchase of up to $650 million of its common stock, which can occur through open market or privately negotiated transactions, subject to market conditions and regulatory considerations. The authorization is set to expire on January 31, 2025.