11 Best Regional Bank Dividend Stocks to Buy

3. First Horizon Corporation (NYSE:FHN)

Number of Hedge Fund Holders: 52

First Horizon Corporation (NYSE:FHN) is the parent company of First Horizon Bank that operates through three key divisions: Regional Banking, Specialty Banking, and Corporate. The company offers a comprehensive suite of financial services, catering to both businesses and individuals with products such as loans, deposits, and wealth management solutions. In the past 12 months, the stock has surged by over 12%.

First Horizon Corporation (NYSE:FHN) reported strong earnings in the fourth quarter of 2024, with a revenue of $824 million, which saw a 3% growth from the same period last year. Strong client relationships and a well-balanced business model enabled the company to generate earnings despite a challenging interest rate environment. Business growth remained steady in 2024, supported by a strong net interest margin, higher counter-cyclical revenues, and a decline in net charge-offs. The company achieved solid performance during the quarter, with a two-basis-point expansion in net interest margin, a 6% rise in fixed income revenue, and net charge-offs of 8 basis points, positioning it for a strong start to 2025.

First Horizon Corporation (NYSE:FHN) offers a quarterly dividend of $0.15 per share and has a dividend yield of 3.49%, as of April 3. During the quarter, the company returned $930 million to shareholders through dividends and share buybacks.