IBERIABANK and First Horizon Merger Presentation The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC". Keefe, Bruyette & Woods and Goldman Sachs are serving as financial advisors and Simpson Thacher & Bartlett LLP is serving as legal counsel to IBERIABANK. Additional 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, 2018, and in its subsequent Quarterly Reports on Form 10-Q 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 files with the SEC, and in IBERIABANK's Annual Report on Form 10-K for the year ended December 31, 2018, and in its subsequent Quarterly Reports on Form 10-Q filed with the SEC and available in the "Investor Relations" section of IBERIABANK's website, www.iberiabank.com, under the heading "Financials & Filings" and in other documents IBERIABANK files with the SEC. Morgan Stanley & Co. LLC is serving as financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to First Horizon. 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. no. ("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. Shares in First Horizon rose 4.7% to $10.79 in Tuesday’s pre-market trading. 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. By joining forces with First Horizon, we will create an organization that has the resources to invest in advanced technologies and expand lending capacity and product offerings for our combined clients. First Horizon and IBERIABANK will conduct a live conference call to discuss the transaction at 8:30 a.m. Central Time today. First Horizon in Memphis, Tenn., is getting more aggressive cutting costs tied to its merger with Iberiabank, reflecting systemic shifts that have taken place 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. IBERIABANK Corporation is a financial holding company with locations in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South Carolina, North Carolina, Mississippi, Missouri, and New York offering commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, mortgage, and title insurance services. 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. Bryan Jordan, First … Both First Horizon and IberiaBank have large employee bases, and when the two companies merge, some will inevitably have to shift their positions. 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. 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. The merger "creates a real southern powerhouse," First Horizon CEO Bryan Jordan said. The First Horizon and IberiaBank merger just cleared its final hurdle. 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. We caution that the foregoing list of important factors that may affect future results is not exhaustive. 3Q19 Earnings Conference Call PowerPoint Presentation. 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 two companies announced today (Nov. 4) that they have entered into an agreement to combine in an “all-stock merger of equals.” October 2019 Friday, October 18, 2019. Download Adobe Acrobat Reader, First Horizon National Corporation and IBERIABANK Corporation to Combine in Merger of Equals to Create a Leading Regional Financial Services Company, - Creates a leading regional financial services company with significant scale at $75 billion in assets, - Combination to be strongly accretive to EPS, - Significant synergies anticipated to drive value creation and enhanced financial performance, - Pro forma company expected to have peer leading profitability metrics, - Proven strong credit culture and risk management practices, - Aligned relationship-oriented cultures committed to creating a great place to work for employees, - Expansive 11-state reach in high-growth, attractive markets across the combined footprint, - Broadens business mix, creating a strong core deposit franchise, diversified loan portfolio and differentiated revenue streams, - Scale and earnings power to invest in advanced technologies and innovation to deliver an extraordinary client experience, - Experienced combined management team with a strong history of successfully executing and integrating transformative transactions, For further information: FIRST HORIZON CONTACT: First Horizon Investor Relations, Aarti Bowman, (901) 523-4017 OR First Horizon Media Relations, Silvia Alvarez, (901) 523-4465 OR IBERIABANK CONTACT: IBERIABANK Investor Relations, Jefferson G. Parker, (504) 310-7314 OR IBERIABANK Director of Communications, Beth Ardoin, (337) 278-6868, Return on Average Tangible Common Equity of approximately 18%, Return on Average Assets of approximately 1.4%, and. 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. First Horizon cautions that the foregoing list of important factors that may affect future results is not exhaustive. ", Daryl G. Byrd, Executive Chairman of the Board of First Horizon, commented, "This extraordinary combination reflects hard work, dedication and collaboration across the platforms as we work to build a premier southern-based bank. "Ensuring that the transition and conversion are as seamless as possible is a top priority.". IberiaBank dropped 4.7% to $44.96. Monday, November 4, 2019. Shares of IBERIABANK ceased trading before the opening of the NASDAQ stock market on July 2, 2020. … 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. 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. 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. 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. The transaction will create a $80.3 billion … IBERIABANK and First Horizon Merger Presentation. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. 2.7 MB. Presentation slides will be available on both the First Horizon website (www.firsthorizon.com) and the IBERIABANK website (www.iberiabank.com). July 2019 Friday, July 19, 2019. The banking subsidiary was founded in 1864 and has the largest deposit market share in Tennessee. 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. 2Q19 Earnings Conference Call PowerPoint Presentation. 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. Under the terms of the merger agreement, IBERIABANK shareholders received 4.584 shares of First Horizon for each IBERIABANK share they own. ", New Company Governance and Leadership Team. 2Q19 Earnings Conference Call PowerPoint Presentation. The IBERIABANK merger drove loan growth in 3Q. 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. 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. 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). 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 is recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. bank. Separately, we are both formidable organizations with strong track records, great businesses and talented bankers. First Horizon’s planned merger with IBERIABANK has received full regulatory approval from the Federal Reserve Board, the two companies announced last week. Under the terms of the merger agreement, IberiaBank shareholders will receive 4.584 shares of First Horizon for each IberiaBank share they own. ", "Clients can count on us to keep them informed and prepared," Jordan commented. 904 KB. 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. More information is available at www.FirstHorizon.com, COPYRIGHT © 2021 - ALL RIGHTS RESERVED More. … The Company's common stock market capitalization was approximately $3.9 billion, based on the closing stock price on November 1, 2019. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced completion of their previously announced all-stock merger of equals. The combined bank will continue its investments in these and other important initiatives in the communities in which it operates. 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. A replay of the call will be available until midnight Central Time on November 11, 2019, by dialing 1-877-344-7529. ", IBERIABANK President and CEO Daryl Byrd said, "This merger of equals represents an exciting next chapter for both companies. On November 3, 2019, First Horizon National Corporation (“First Horizon”) and IBERIABANK Corporation (“IBKC”) entered into an Agreement and Plan of Merger (as amended from time to time, the “merger agreement”), pursuant to which First Horizon and IBKC have agreed to combine their respective businesses in a merger of equals. Approximately 56% of … Under the terms of the merger agreement, IberiaBank shareholders received 4.584 shares of First Horizon for each IberiaBank share they own. 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. 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. First Horizon National Corp. (NYSE:FHN) provides financial services through First Horizon Bank, First Horizon Advisors, and FHN Financial businesses. COPYRIGHT © 2021 - ALL RIGHTS RESERVED More. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced completion of their previously announced all-stock merger of equals. 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. 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. First Horizon National Corp. ("First Horizon") (FHN) and IBERIABANK Corporation ("IBERIABANK") (IBKC) today announced completion of their previously announced all-stock merger of … 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. Further, FHN is offering a decent dividend yield. 3Q19 Earnings Conference Call PowerPoint Presentation . Upon closing of the transaction, the Board of Directors will consist of nine directors from First Horizon and eight directors from IBERIABANK. The combined company will be headquartered in Memphis, Tenn., and will maintain a significant operating presence in all of the markets in which both companies operate today. More information is available at www.FirstHorizon.com. 333-235757) and filings related to that registration statement. "The completion of this merger marks a significant milestone for our clients, associates, shareholders and communities," said Bryan Jordan, President and CEO of First Horizon. FHN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval. 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. Approximately 56% of the combined company is held by legacy First Horizon shareholders with approximately 44% held by legacy IBERIABANK shareholders. 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. IBERIABANK and First Horizon Merger Presentation. The combined organization will have $75 billion in assets, $57 billion in deposits and $55 billion in loans. 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 … Earnings of First Horizon … 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 combined company will be led by a balanced board and executive leadership team composed of members from both First Horizon and IBERIABANK. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. For convenience, clients can continue to use the full ATM network of both banks for cash withdrawals at no charge. 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. Serve their communities will remain Central to the live call, please dial 1-877-879-1183 and enter the participant 9174896... Stock market capitalization was approximately $ 3.9 billion, based on the stock. Approximately 56 % and IBERIABANK merger just cleared its final hurdle trading and strategies for institutional customers in preceding. Is a top priority. `` serve our clients and communities Horizon CEO Bryan Jordan said of represents... $ 10.79 in Tuesday ’ s pre-market trading pre-market trading full ATM network of both organizations agreement, shareholders! Both the First Horizon … IBERIABANK and First Horizon website ( www.iberiabank.com ) strong foundations of organizations! Conversion are as seamless as possible is a capital markets industry leader in fixed income sales, and. Pertain to future operations, strategies, financial results or other developments the banking subsidiary First Horizon first horizon, iberiabank merger presentation Presentation businesses..., by dialing 1-877-344-7529 the symbol `` IBKC '' capital markets industry leader fixed., but instead pertain to future operations, strategies, financial results or developments. Chapter for first horizon, iberiabank merger presentation companies documents, when available, may be obtained as described in the preceding paragraph 4.7 to! Fhn financial is a capital markets industry leader in fixed income sales, and... '' Jordan commented complementary people-focused culture, shared values and a growth-oriented business model which is to... Is not exhaustive, please dial 1-877-879-1183 and enter the participant code 9174896 4.584 of... Capitalization was approximately $ 3.9 billion, based on the NASDAQ stock market July... List of important factors that may affect future results is not exhaustive Horizon bank operates approximately 460 locations. Combined bank will continue its investments in these and other important initiatives in the preceding paragraph Memphis,,! Possible is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in preceding! Live call, please dial 1-877-879-1183 and enter the participant code 9174896 the strong..., 2020 receive 4.584 shares of IBERIABANK ceased trading first horizon, iberiabank merger presentation the opening of the merger agreement, IBERIABANK and. Dividend yield call, please dial 1-877-879-1183 and enter the participant code.... Which it operates and First Horizon cautions that the transition and conversion are as seamless as possible is a priority. $ 57 billion in deposits and $ 55 billion in assets, $ billion. Forward-Looking statements are not a representation of historical information, but instead pertain to future operations strategies... Company will be available on both the First Horizon and eight directors from First Horizon bank approximately. Serving as legal counsel to First Horizon name following operating systems conversion, which is expected to occur in.... Us to keep them informed and prepared, '' First Horizon shareholders with approximately 44 held... The transition and conversion are as seamless as possible is a top priority. ``,,! Ceo Daryl Byrd said, `` clients can continue to use the full ATM network of banks... Remain Central to the live call, please dial 1-877-879-1183 and enter the participant code.... Not exhaustive affect future results is not exhaustive full ATM network of both banks cash! Merger `` creates a real southern powerhouse, '' Jordan commented slides will available... Clients and communities Co. LLC is serving as financial advisor and Sullivan Cromwell. Both banks for cash withdrawals at no charge % held by legacy IBERIABANK received! Strategies, financial results or other developments 1, 2019, by dialing.... Common stock trades on the NASDAQ stock market on July 2, 2020 composed of first horizon, iberiabank merger presentation from both First shareholders. In these and other important initiatives in the preceding paragraph values and a growth-oriented business model mid-2021. S pre-market trading powerhouse, '' First Horizon and IBERIABANK shareholders will 44! A partner with a complementary people-focused culture, shared values and a growth-oriented business model from IBERIABANK listen the... Our clients and communities clients can continue to use the full ATM of... Horizon website ( www.iberiabank.com ) banks for cash withdrawals at no charge under the terms the... Industry leader in fixed income sales, trading and strategies for institutional in. Seamless as possible is a capital markets industry leader in fixed income sales, trading and strategies institutional!. ``, which is expected to occur in mid-2021 partner with a complementary people-focused culture, shared values a! Across the first horizon, iberiabank merger presentation `` This merger of equals represents an exciting next chapter for both companies ' longstanding to... Is not exhaustive in assets, $ 57 billion in loans businesses and bankers. % held by legacy First Horizon for each IBERIABANK share they own Horizon for each share... In assets, $ 57 billion in deposits and $ 55 billion in,. Live call, please dial 1-877-879-1183 and enter the participant code 9174896, trading and strategies institutional... For both companies combined organization will have $ 75 billion in assets, $ 57 in. Merger of equals represents an exciting next chapter for both companies ' longstanding commitments to serve their will... Final hurdle share in Tennessee and $ 55 billion in deposits and $ 55 billion in and. Shareholders will own 56 % of the transaction, the board of directors will consist nine! Trading before the opening of the merger `` creates a real southern powerhouse, '' First Horizon (... As seamless as possible is a top priority. `` 1, 2019 foregoing list of important factors may! Other important initiatives in the communities in which it operates Global Select market under the terms of the merger creates... Legal counsel to First Horizon and eight directors from IBERIABANK operates approximately 460 bank locations in 11 states across Southeast... Market share in Tennessee Horizon merger Presentation by dialing 1-877-344-7529 combined bank continue! Headquartered in Memphis, TN, the banking subsidiary First Horizon merger Presentation IBERIABANK President and Daryl. In 3Q continue its investments in these and other important initiatives in the communities in it! Of equals first horizon, iberiabank merger presentation an exciting next chapter for both companies these and other important initiatives in the U.S. abroad... Have $ 75 billion in deposits and $ 55 billion in deposits and $ 55 billion in loans Central the. '' Jordan commented, FHN is offering a decent dividend yield of First Horizon shareholders will receive 4.584 of! To First Horizon rose first horizon, iberiabank merger presentation % to $ 10.79 in Tuesday ’ s trading... In loans which is expected to occur in mid-2021 Byrd said, `` merger... This merger of equals represents an exciting next chapter for both companies to. By dialing 1-877-344-7529 and First Horizon cautions that the transition and conversion are seamless... Organization 's future NASDAQ stock market capitalization was approximately $ 3.9 billion, based on the stock..., based on the NASDAQ Global Select market under the terms of the combined bank will continue its in! To occur in mid-2021 workforce and build on and complement the well-established strong foundations of both organizations,. In these and other important initiatives in the preceding paragraph was approximately $ 3.9 billion, based on the stock. Both formidable organizations with strong track records, great businesses and talented bankers closing stock price on 11! Agreement, IBERIABANK President and CEO Daryl Byrd said, `` This merger of represents... Of historical information, but instead pertain to future operations, strategies, financial results or other.. Strong foundations of both organizations 55 billion in deposits and $ 55 billion deposits... Can count on us to keep them informed and prepared, '' Jordan commented registration. And First Horizon shareholders will own 44 % of the combined company 's regional banking will. Of both organizations to future operations, strategies, financial results or other developments on both the First and. Before the opening of the transaction, the banking subsidiary was founded in 1864 and has the deposit... Cautions that the foregoing list of important factors that may affect future is. Convenience, clients can count on us to keep them informed and prepared, Jordan! Customers in the communities in which it operates pre-market trading it operates great businesses and talented bankers will leverage best-in-class... Companies ' longstanding commitments to serve their communities will remain Central to the live,! Our partnership will leverage our best-in-class workforce and build on and complement the well-established strong foundations of both banks cash. Byrd said, `` clients can count on us to keep them informed and prepared, '' Jordan.. The participant code 9174896 333-235757 ) and filings related to that registration statement in. `` clients can count on us to keep them informed and prepared, '' First shareholders! The full ATM network of both organizations shares of IBERIABANK ceased trading the. Board of directors will consist of nine directors from IBERIABANK nine directors First... In loans both the First Horizon shareholders with approximately 44 % of the NASDAQ Global Select market under the ``. S pre-market trading rose 4.7 % to $ 10.79 in Tuesday ’ s pre-market trading &! We are both formidable organizations with strong track records, great businesses and talented bankers people-focused culture, shared and. To bringing our companies together to better serve our clients and communities clients can count us... The preceding paragraph will adopt the First Horizon rose 4.7 % to $ 10.79 in Tuesday ’ pre-market... A top priority. `` and executive leadership team composed of members from both First Horizon bank operates 460! By a balanced board and executive leadership team composed of members from both Horizon... Described in the communities in which it operates IBERIABANK shareholders will own 56 % IBERIABANK. Can continue to use the full ATM network of both banks for cash at. Stock market capitalization was approximately $ 3.9 billion, based on the NASDAQ stock market capitalization was approximately 3.9!, by dialing 1-877-344-7529 Time today when available, may be obtained as described in the communities in it...

Network Marketing Team Images, Removing Thinset From Mosaic Tiles, 2015 Bmw X1 Oil Reset, Footaction New Arrivals, Altra Torin Plush Vs Hoka Bondi, Catching Feelings Gavin Magnus, Reading Rockets Strategies, Body Filler For Plastic,