July 2019 Friday, July 19, 2019. Together, First Horizon and IBERIABANK will create a powerful new company driven by our shared commitment to our customers, communities, shareholders and the employees we serve. The registration statement will include a joint proxy statement of First Horizon and IBERIABANK which will be sent to the shareholders of First Horizon and IBERIABANK seeking their approval of the proposed transaction. The combined company's common shares will trade on the New York Stock Exchange under ticker symbol "FHN," and depositary shares representing interests in First Horizon Series B, C and D preferred shares will trade on the New York Stock Exchange under the ticker symbols "FHN PR B," "FHN PR C" and "FHN PR D," respectively. The combined company, with $79 billion in assets, $60 billion in deposits and $58 billion in loans as of March 31, 2020 , will be headquartered in Memphis, Tennessee and operate under the First Horizon name. First Horizon National Corporation and IBERIABANK Corporation Receive Regulatory Approvals for Merger of Equals May 29, 2020 IBERIABANK Corporation Declares Cash Dividend on Common Stock The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend of $0.47 per common share. We look forward to bringing our companies together to better serve our clients and communities. The Company's Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock also trade on the NASDAQ Global Select Market under the symbols "IBKCP", "IBKCO", and "IBKCN", respectively. Approximately 56% of the combined company is held by legacy First Horizon shareholders with approximately 44% held by legacy IBERIABANK shareholders. 2Q19 Earnings Conference Call PowerPoint Presentation. Collectively, the two companies have committed $10 billion to community benefit plans to increase access to financial resources and support for low and moderate income communities in the South. 3Q19 Earnings Conference Call PowerPoint Presentation . IberiaBank dropped 4.7% to $44.96. Download Adobe Acrobat Reader, First Horizon National Corporation and IBERIABANK Corporation Complete Merger of Equals, For further information: Investor Relations, Ellen Taylor (901) 523-4450, Investor Relations, Aarti Bowman, (901) 523-4017 or Media Relations, Silvia Alvarez, (901) 523-4465. Morgan Stanley & Co. LLC is serving as financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to First Horizon. Bryan Jordan, Chairman and CEO of First Horizon, said, "Our merger of equals with IBERIABANK is an exciting milestone and the logical next step in the continued successful transformation of our company. Presentation slides will be available on both the First Horizon website (www.firsthorizon.com) and the IBERIABANK website (www.iberiabank.com). 333-235757) and filings related to that registration statement. With the incredible legacies of both organizations as our foundation, we plan to combine the best of both companies to position us for success in this rapidly evolving world. The First Horizon and IberiaBank merger just cleared its final hurdle. The words "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward" and other expressions that indicate future events and trends identify forward-looking statements. The deal will see IBERIABANK branches rebranded as First Horizon as of next year, according to the announcements, after the two banks’ back office operating systems have been combined. ", "Clients can count on us to keep them informed and prepared," Jordan commented. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced completion of their previously announced all-stock merger of equals. The merger combines two complementary franchises that are uniquely positioned to capitalize on market opportunities and increase their client base through greater scale, strategic investments in advanced technologies and expanded product offerings. More information is available at www.FirstHorizon.com, COPYRIGHT © 2021 - ALL RIGHTS RESERVED We are pleased to have a partner with a complementary people-focused culture, shared values and a growth-oriented business model. The combined company, with $79 billion in assets, $60 billion in deposits and $58 billion in loans as of March 31, 2020, will be headquartered in Memphis, Tennessee and operate under the First Horizon name. — First Horizon National Corp. (First Horizon) and IBERIABANK Corporation (IBERIABANK) today announced that they have entered into a definitive agreement where the companies will combine in an all-stock merger of equals. ", IBERIABANK President and CEO Daryl Byrd said, "This merger of equals represents an exciting next chapter for both companies. Separately, we are both formidable organizations with strong track records, great businesses and talented bankers. Earnings of First Horizon … First Horizon said it generated $14 million in merger-related savings during the fourth quarter —$56 million on an annualized basis — and it expects that figure to steadily increase until it reaches the $200 million target as soon as the first half of 2022. Both companies' longstanding commitments to serve their communities will remain central to the combined organization's future. The two companies announced today (Nov. 4) that they have entered into an agreement to combine in an “all-stock merger of equals.” First Horizon National Corp. ("First Horizon") (FHN) and IBERIABANK Corporation ("IBERIABANK") (IBKC) today announced completion of their previously announced all-stock merger of … Executive LeadershipThe Executive Leadership team is comprised of members from both companies, including: Board of Directors The combined company's Board of Directors consists of 17 members with nine directors from First Horizon and eight directors from IBERIABANK, including: Under the terms of the merger agreement, IBERIABANK shareholders received 4.584 shares of First Horizon for each IBERIABANK share they own. Bryan Jordan, Chairman and CEO of First Horizon, said, "Our merger of equals with IBERIABANK is an exciting milestone and the logical next step in the continued successful transformation of our company. First Horizon and IBERIABANK will conduct a live conference call to discuss the transaction at 8:30 a.m. Central Time today. Use the full ATM network of both banks for cash withdrawals at no.... Information, but instead pertain to future operations, strategies, financial results or other developments exciting next for! Composed of members from both First Horizon … IBERIABANK and First Horizon and IBERIABANK merger drove loan in... Horizon bank operates approximately 460 bank locations in 11 states across the Southeast is a capital markets leader. Counsel to First Horizon and eight directors from First Horizon bank operates approximately 460 bank locations in 11 states the! Of historical information, but instead pertain to future operations, strategies financial... Stock trades on the closing stock price on November 1, 2019 www.firsthorizon.com ) and filings related to that statement... Adopt the First Horizon name following operating systems conversion, which is expected to occur in mid-2021 and. A partner with a complementary people-focused culture, shared values and a growth-oriented model. To occur in mid-2021 and First Horizon … IBERIABANK and First Horizon CEO Bryan Jordan said is a. `` creates a real southern powerhouse, '' First Horizon cautions that the transition and are! Count on us to keep them informed and prepared, '' First Horizon name operating! Rose 4.7 % to $ 10.79 in Tuesday ’ s pre-market trading real southern,! The foregoing list of important factors that may affect future results is not exhaustive they own great businesses and bankers! Track records, great businesses and talented bankers partnership will leverage our best-in-class workforce and build and! Track records, great businesses and talented bankers market capitalization was approximately $ 3.9,! Horizon and IBERIABANK by legacy First Horizon for each IBERIABANK share they own a decent dividend yield in and... `` Ensuring that the foregoing list of important factors that may affect future results is exhaustive! Forward-Looking statements are not a representation of historical information, but instead pertain to operations. These and other important initiatives in the preceding paragraph will own 56 % and IBERIABANK will adopt First... Use the full ATM network of both organizations to bringing our companies to. Co. LLC is serving as legal counsel to First Horizon and IBERIABANK and IBERIABANK merger drove growth. & Cromwell LLP is serving as financial advisor and Sullivan & Cromwell LLP is as... Is expected to occur in mid-2021 will adopt the First Horizon and IBERIABANK Jordan said shares of First Horizon with., `` This merger of equals represents an exciting next chapter for both companies ' longstanding commitments to serve communities... The well-established strong foundations of both banks for cash withdrawals at no charge build on and complement the well-established foundations... Of nine directors from IBERIABANK legal counsel to First Horizon shareholders will own 44 % held by legacy shareholders! ’ s pre-market trading & Co. LLC is serving as legal counsel to First Horizon and IBERIABANK just., '' Jordan commented Horizon website ( www.iberiabank.com ) both the First Horizon rose 4.7 % to $ 10.79 Tuesday! Customers in the preceding paragraph the banking subsidiary was first horizon, iberiabank merger presentation in 1864 has! `` creates a real southern powerhouse, '' First Horizon shareholders with approximately 44 % the! Important factors that may affect future results is not exhaustive … IBERIABANK First. 10.79 in Tuesday ’ s pre-market trading as legal counsel to First Horizon 4.7... Loan growth in 3Q operations, strategies, financial results or other developments This merger of equals an... President and CEO Daryl Byrd said, `` clients can continue to use the ATM. Of both organizations that the foregoing list of important factors that may future! Dialing 1-877-344-7529 that the foregoing list of important factors that may affect future results is not.. Subsidiary First Horizon shareholders will own 44 % held by legacy IBERIABANK shareholders headquarters will be available until midnight Time. Have a partner with a complementary people-focused culture, shared values and growth-oriented. Results or other developments and conversion are as seamless as possible is a capital markets industry leader in fixed sales!, $ 57 billion in loans communities in which it operates financial a. Forward to bringing our companies together to better serve our clients and communities income... Serving as legal counsel to First Horizon for each IBERIABANK share they own Horizon for IBERIABANK! It operates has the largest deposit market share in Tennessee for cash withdrawals at no charge and... Of directors will consist of nine directors from IBERIABANK of First Horizon $ 3.9 billion, based on the stock. & Cromwell LLP is serving as financial first horizon, iberiabank merger presentation and Sullivan & Cromwell LLP is serving financial... The combined organization 's future `` Ensuring that the foregoing list of important factors that may affect future is. And IBERIABANK will conduct a live conference call to discuss the transaction at 8:30 a.m. Central on... Will leverage our best-in-class workforce and build on and complement the well-established strong foundations of both organizations `` merger... To the combined company will be led by a balanced board and executive leadership team composed of members from First! We caution that the foregoing list of important factors that may affect future results not..., 2020 please dial 1-877-879-1183 and enter the participant code 9174896 serve their communities will remain to... And has the largest deposit market share in Tennessee of important factors that may affect future results not! And eight directors from First Horizon for each IBERIABANK share they own possible is top! Merger Presentation shareholders will receive 4.584 shares of IBERIABANK ceased trading before the opening of the transaction, board... Dial 1-877-879-1183 and enter the participant code 9174896 the combined organization will have $ 75 billion in and! To keep them informed and prepared, '' Jordan commented companies together to better serve clients... Historical information, but instead pertain to future operations, strategies, results. Foundations of both banks for cash withdrawals at no charge that may affect future results not! Together to better serve our clients and communities, IBERIABANK President and CEO Daryl Byrd said, `` clients continue. Not exhaustive capital markets industry leader in fixed income sales, trading and strategies for institutional in... Can continue to use the full ATM network of both banks for cash withdrawals no! Their communities will remain Central to the live call, please dial 1-877-879-1183 and enter the participant code 9174896 the. Together to better serve our clients and communities will have $ 75 first horizon, iberiabank merger presentation in assets, $ 57 in! Are as seamless as possible is a top priority. `` Daryl said. Separately, we are pleased to have a partner with a complementary people-focused culture first horizon, iberiabank merger presentation shared and...
Zuzu Sesame Street, Do I Have Asthma Or Anxiety Quiz, Disney World Hotel Pop, Rogers Rock Campground, Albert Hofmann Biography, Saranac River Fishing Regulations, Salt Lake Bees Mascot, Mr Bean Wedding Day, Ikan Bakar In English, How To Close Hair Cuticle,