First Horizon Dividend and Financial Outlook: Key Insights Before Jun 13, 2025

First Horizon (NYSE: FHN) has announced its upcoming cash dividend of $0.150 per share, with the ex-dividend date set for Jun 13, 2025. The dividend will be paid on Jul 1, 2025, following its announcement on Apr 29, 2025. This dividend is lower than the company's average of $0.188 per share over the last ten installments. Previously, on Apr 1, 2025, a similar dividend of $0.150 per share was issued. These cash dividends reflect First Horizon's ongoing commitment to return value to its shareholders.

In recent developments, First Horizon's financial performance and market positioning have been under the spotlight. Recently, RBC Capital Markets raised its price target for First Horizon to $24 from $22, maintaining an "Outperform" rating. This revision follows positive feedback from investor meetings, which suggested alignment with favorable industry trends despite a reduction in short-term lending activities. Analysts project the bank's revenue to remain stable, supported by strategic measures and a robust outlook.

As of late, First Horizon has demonstrated solid financial health, evidenced by a 9 basis point expansion in its net interest margin, attributed to effective deposit pricing strategies. The company's pre-provision net revenue grew by $16 million from the previous quarter. Additionally, a significant share repurchase of $360 million reflects First Horizon's strategic capital allocation. The consistent charge-off ratio of 19 basis points further underscores its sound credit performance. However, challenges persist, as adjusted EPS decreased by $0.01 to $0.42 per share, and provision expenses saw a $30 million increase amid macroeconomic uncertainties.

In light of these factors, First Horizon's market outlook remains cautiously optimistic. The company continues to leverage its strengths, such as a strong CET1 ratio of 10.9%, while addressing areas of concern like declining fee income and increased provision expenses. Investors should note that the ex-dividend date on Jun 13, 2025, marks the last opportunity to purchase First Horizon shares and be eligible for the upcoming dividend. Any acquisitions made post this date will not qualify for the dividend payout.