First Horizon Corporation Common Stock (FHN)

Competitors to First Horizon Corporation Common Stock (FHN)

CNB Financial Corporation 

First Horizon and CNB Financial, although differing in scale, compete in the community banking segment, particularly in certain regional markets. CNB focuses on personalized banking services and community involvement, similar to First Horizon's strategic emphasis on customer service and localized operations. However, First Horizon's larger asset base and broader service offerings enable it to attract a more diverse clientele. CNB's competitive advantage rests on its community-oriented approach, but First Horizon generally holds the upper hand due to its larger scale and capital resources.

Huntington Bancshares Incorporated 

Huntington Bancshares and First Horizon compete primarily in retail and commercial banking within overlapping geographic markets. Huntington has a robust suite of digital banking services and a broader regional footprint, allowing for greater customer accessibility. In recent years, Huntington has focused on innovation and technological integration in banking, which positions it favorably in the competitive landscape. While First Horizon is making strides to enhance its digital offerings, Huntington's established brand and technological advancements give it a competitive advantage.

Regions Financial Corporation 

First Horizon and Regions Financial compete in the southeastern U.S. banking sector, focusing on retail banking, commercial banking, and wealth management services. Regions has a more extensive branch network, which provides it with a broader customer base and greater market penetration compared to First Horizon. Additionally, Regions has been investing in digital banking technology to enhance customer experience. However, First Horizon aims to leverage its strong customer service and specialized offerings in certain markets to attract clients. The competition is intense, with Regions generally having a competitive advantage due to its larger asset base and established presence.

Synovus Financial Corp 

First Horizon and Synovus Financial operate in overlapping markets, primarily in the southeast, where both offer various banking services, including commercial and retail banking, as well as investment management. Synovus has a strong reputation for customer service and community involvement, which makes it a formidable competitor. First Horizon counters this by offering competitive loan products and personalized service, along with a growing digital presence. Both companies focus on regional markets, making them direct competitors, although Synovus's established brand recognition and community relationships give it a slight edge over First Horizon.