First Horizon - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

First Horizon M&A Summary

First Horizon has acquired 2 companies of its own, including 1 in the last 5 years. It has also divested 3 assets.

First Horizon’s largest acquisition to date was in 2017, when it acquired Capital Bank Financial for $2.2B. First Horizon has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

First Horizon Ownership

Who owns First Horizon?

First Horizon is owned by The Toronto-Dominion Bank. It was acquired on February 28, 2022.

First Horizon Business Overview

Where is First Horizon headquartered?

First Horizon is headquartered in Memphis, Tennessee.

What is First Horizon’s revenue?

First Horizon disclosed revenue of 3,071M USD for 2021 and 3,098M USD for 2020.

What sector is First Horizon in?

First Horizon is a financial services company.

When was First Horizon founded?

First Horizon was founded in 1864.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity2
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

First Horizon

First Horizon National Corp.

165 Madison Avenue,
Memphis, Tennessee 38103
United States,
(901) 523-4444
www.firsthorizon.com

First Horizon is a regional financial services company, dedicated to helping clients, communities, and associates unlock their full potential with capital and counsel. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon was founded in 1864 and is based in Memphis, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $2.2B $2.2B
Sell (0.2/yr) # 2 - - 1 - - 3
  5

Most Recent M&A

Company Date Value Type
Lenders Title Group 2022-08-16 - Divestiture
Greenbrier, Arkansas · www.lenderstitlegroup.com
IBERIABANK Corp. 2019-11-04 - Merger
Lafayette, Louisiana · www.iberiabank.com
Capital Bank Financial Corp. 2017-05-04 2.2B USD Merger
Charlotte, North Carolina · www.capitalbank-us.com
First Horizon National Corp. - Nine Atlanta Branches 2008-02-08 - Divestiture
Memphis, Tennessee
First Horizon Bank - Mid-Atlantic Franchise 2007-12-07 - Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
First Tennessee Bank National Association    - Mountain National Bank 2013-06-07 3
Memphis, Tennessee · www.firsttennessee.com Sevierville, Tennessee · www.mountainnationalbank.com
First Tennessee Bank National Association    - First Horizon Insurance Group, Inc. 2011-05-02 3
Memphis, Tennessee · www.firsttennessee.com , United States
First Tennessee Bank National Association    - First Tennessee Bank National Association - Institutional Equity Research Business 2009-09-30 2
Memphis, Tennessee · www.firsttennessee.com Memphis, Tennessee
First Tennessee Bank National Association    - First Tennessee Bank National Association - Mortgage Business 2008-06-04 1
Memphis, Tennessee · www.firsttennessee.com Memphis, Tennessee

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 2.2B (100%) 2 (67%) -
Business Services - - 1 (33%) -
Total 2 $2.2B 3 -

By Geo

State/Country Buy Value Sell Value
United States 2 2.2B 3 -
  North Carolina 1 2.2B - -
  Louisiana 1 - - -
  Tennessee - - 1 -
  Arkansas - - 1 -
Total 2 $2.2B 3 -

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Barclays Investment Bank
1
Legal Deals
Sullivan & Cromwell
2

Deal Values

buy # Total
> $1B 1 $2.2B
TOTAL $2.2B
Largest Capital Bank Financial Corp.
$2.2B (2017-05-04)

M&A Connections

Deals
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
100%
3 (100%)

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