first horizon, iberiabank merger presentation

3Q19 Earnings Conference Call PowerPoint Presentation. About First HorizonFirst Horizon National Corp. (NYSE:FHN), with $79 billion in assets, is a leading regional financial services company, dedicated to strengthening the lives of our associates, clients, shareholders, and communities. Information regarding First Horizon's directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 11, 2019, and certain of its Current Reports on Form 8-K. Information regarding IBERIABANK's directors and executive officers is available in its definitive proxy statement, which was filed with SEC on March 28, 2019, and certain of its Current Reports on Form 8-K. Other information regarding the participants in the solicitation of proxies in respect of the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC. The two companies announced today (Nov. 4) that they have entered into an agreement to combine in an “all-stock merger of equals.” 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. IberiaBank CEO Daryl Byrd, who has become executive chairman of First Horizon's board with the merger, could take home more than 10 times the value of his annual base salary in cash — $14 million. Examples of uncertainties and contingencies include factors previously disclosed in First Horizon's reports filed with the U.S. Securities and Exchange Commission (the "SEC"), as well as the following factors, among others: the outcome of any legal proceedings that may be instituted against First Horizon; First Horizon's success in executing its business plans and strategies and managing the risks involved in its merger with IBERIABANK; the potential impacts on First Horizon's businesses of the coronavirus COVID-19 pandemic, including negative impacts from quarantines, market declines and volatility, and changes in customer behavior related to COVID-19; and other factors that may affect future results of First Horizon. First Horizon and IBERIABANK will conduct a live conference call to discuss the transaction at 8:30 a.m. Central Time today. IberiaBank dropped 4.7% to $44.96. 1020 KB. 904 KB. First Horizon National Corp. and IBERIABANK have completed their “merger of equals.” First announced on Nov. 4, 2019 , the two corporations agreed to combine in an all-stock transaction, creating a new entity with $79 billion in assets, $60 billion in deposits and $58 billion in loans, as of March 31, 2020. FHN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. With more than 288 years of combined First Horizon Bank and IBERIABANK financial experience, 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. MEMPHIS, Tenn. & LAFAYETTE, La., Nov. 4, 2019 /PRNewswire/ -- First Horizon National Corp. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals. First Horizon shareholders will own 56% and IBERIABANK shareholders will own 44% of the combined company. IBERIABANK and First Horizon Merger Presentation Earnings of First Horizon … Both First Horizon and IberiaBank have large employee bases, and when the two companies merge, some will inevitably have to shift their positions. The year-end target price suggests a high upside. 2Q19 Earnings Conference Call PowerPoint Presentation. MEMPHIS, Tenn. and LAFAYETTE, La., July 2, 2020 /PRNewswire/ -- First Horizon National Corp. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced completion of their previously announced all-stock merger of equals. First Horizon, IBERIABANK and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction under the rules of the SEC. Additional, and more general, factors that could cause results to differ materially from those contemplated by forward-looking statements can be found in First Horizon's Annual Report on Form 10-K for the year ended December 31, 2019, and in its quarterly report on Form 10-Q for the period ended March 31, 2020, both filed with the SEC and available in the "Investor Relations" section of First Horizon's website, http://www.FirstHorizon.com, under the heading "SEC Filings," and in other documents First Horizon has filed with the SEC, including its registration statement on Form S-4 (reg. Our partnership will leverage our best-in-class workforce and build on and complement the well-established strong foundations of both organizations. First Horizon National Corporation and IBERIABANK Corporation are combining in a transaction that is expected to create one of the largest financial services institutions in the southern United States. The companies will make the announcement during a press conference today, from 5 p.m. to 5:30 p.m., at IBERIABANK (601 Poydras St., 20th … This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") with respect to First Horizon's and IBERIABANK's beliefs, plans, goals, expectations, and estimates. ", New Company Governance and Leadership Team. Monday, November 4, 2019. no. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies, many of which are beyond the control of First Horizon and IBERIABANK, and many of which, with respect to future business decisions and actions, are subject to change and which could cause actual results to differ materially from those contemplated or implied by forward-looking statements or historical performance. Forward Looking Statements This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21 E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") with respect to First Horizon's beliefs, plans, goals, expectations, and estimates. The merger is expected to close in the second quarter of 2020, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. 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. Clients will continue to be served through their respective First Horizon or IBERIABANK branches, websites, mobile apps, financial advisors and relationship managers until systems are integrated. Separately, we are both formidable organizations with strong track records, great businesses and talented bankers. More information is available at www.FirstHorizon.com. Keefe, Bruyette & Woods and Goldman Sachs are serving as financial advisors and Simpson Thacher & Bartlett LLP is serving as legal counsel to IBERIABANK. The new company will be led by Daryl G. Byrd as Executive Chairman of the Board of Directors and D. Bryan Jordan as Chief Executive Officer. 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. July 2019 Friday, July 19, 2019. First Horizon will absorb Iberiabank, tripling in size compared to a decade ago and making it an attractive possible purchase for a larger bank. Bryan Jordan, First … Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. Our combined new scale, deep experience in financial services and diverse business mix in the South uniquely position us to accelerate our growth and create lasting shareholder value. 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. A bigger bank means a bigger coffer to invest in technology, said Bryan Jordan, CEO of Tenn.-based First Horizon National, in the process of buying … Investors and shareholders will be able to obtain a free copy of the registration statement, including the joint proxy statement/prospectus, as well as other relevant documents filed with the SEC containing information about First Horizon and IBERIABANK, without charge, at the SEC's website (http://www.sec.gov). Memphis-based First Horizon National Corp. and Louisiana-based IberiaBank … ", "Clients can count on us to keep them informed and prepared," Jordan commented. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies, many of which are beyond the control of First Horizon, and many of which, with respect to future business decisions and actions, are subject to change and which could cause actual results to differ materially from those contemplated or implied by forward-looking statements or historical performance. As the various systems of each bank are integrated and converted over the next year or so, affected clients will be notified of the changes. Under the terms of the agreement, which was unanimously approved by the Boards of Directors of both companies, the combined holding company and bank will operate under the First Horizon name and will be headquartered in Memphis, Tenn. Once the transaction is completed, the combined company will be one of the largest financial services companies headquartered in the South and one of the top 25 banks in the U.S. in deposits. First Horizon cautions that the foregoing list of important factors that may affect future results is not exhaustive. ", IBERIABANK President and CEO Daryl Byrd said, "This merger of equals represents an exciting next chapter for both companies. 3Q19 Earnings Conference Call PowerPoint Presentation . Free copies of these documents, when available, may be obtained as described in the preceding paragraph. IBERIABANK will adopt the First Horizon name following operating systems conversion, which is expected to occur in mid-2021. The company is recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. bank. 2.7 MB. To listen to the live call, please dial 1-877-879-1183 and enter the participant code 9174896. "Ensuring that the transition and conversion are as seamless as possible is a top priority.". Upon closing of the transaction, the Board of Directors will consist of nine directors from First Horizon and eight directors from IBERIABANK. More information is available at www.FirstHorizon.com, COPYRIGHT © 2021 - ALL RIGHTS RESERVED Under the terms of the merger agreement, IberiaBank shareholders will receive 4.584 shares of First Horizon for each IberiaBank share they own. For convenience, clients can continue to use the full ATM network of both banks for cash withdrawals at no charge. LAFAYETTE, La. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced completion of their previously announced all-stock merger of equals. 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 combined company will be led by a balanced board and executive leadership team composed of members from both First Horizon and IBERIABANK. More. — 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. The combined organization will have $75 billion in assets, $57 billion in deposits and $55 billion in loans. IberiaBank and Tennessee-based bank First Horizon combine in nearly $4 billion deal The combined company will adopt First Horizon's name and be headquartered in Memphis. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates approximately 460 bank locations in 11 states across the Southeast. IBERIABANK and Tennessee-based First Horizon National Corporation announced a merger Monday, a move that will shift the 132-year-old Louisiana bank's headquarters to Memphis as a … … A replay of the call will be available until midnight Central Time on November 11, 2019, by dialing 1-877-344-7529. 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 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. We look forward to bringing our companies together to better serve our clients and communities. The Company's common stock market capitalization was approximately $3.9 billion, based on the closing stock price on November 1, 2019. Under the merger agreement, IBKC will merge with … Separately, we are both formidable organizations with strong track records, great businesses and talented bankers. The company operates approximately 270 bank locations across the Southeast U.S. and 29 FHN Financial offices across the entire U.S. FHN Advisors wealth management group has more than 300 financial professionals and about $4.8 billion in assets under management. Presentation slides will be available on both the First Horizon website (www.firsthorizon.com) and the IBERIABANK website (www.iberiabank.com). Shares of IBERIABANK ceased trading before the opening of the NASDAQ stock market on July 2, 2020. The transaction will create a $80.3 billion … First Horizon National Corp. and IBERIABANK Corporation on Monday announced receipt of regulatory approval from the Board of Governors of … 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. Withdrawals at no charge to use the full ATM network of both organizations filings related to that registration statement July! Legal counsel to First Horizon name following operating systems conversion, which is expected to occur in mid-2021 bankers... % and IBERIABANK enter the participant code 9174896 the IBERIABANK website ( www.iberiabank.com ) the ``. Time today 4.7 % to $ 10.79 in Tuesday ’ s pre-market trading and. And the IBERIABANK merger drove loan growth in 3Q a.m. Central Time today the! 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