First Horizon Bank

Headquarters

165 Madison Ave
Memphis, TN 38103
See all branch locations →

Phone 800 382 5465

Notable Rates APY Vs.Others
Savings 0.30% 5.55% →
1-Year CD 0.10% 5.41% →
2-Year CD 0.10% 5.00% →
5-Year CD 0.10% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

First Horizon Bank is an FDIC insured institution located in Memphis, TN. It was founded in 1864 and has approximately $81.37 billion in assets. Customers can open an account at one of its 372 branches.

FDIC Insured Yes
FDIC Certificate # 4977
Date Established 1864
Assets $ 81.37 billion
Loans $ 61.03 billion
Deposits $ 66.65 billion
Capital $ 8.95 billion
 

For a more detailed analysis of First Horizon Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 14, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
SAV
0.30% $2,500 - Learn More
Money Market
1.00% $50,000 $99,999 Learn More
Money Market
1.76% $100,000 $249,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $1,000 - Learn More
12 Mo CD
0.10% $1,000 - Learn More
24 Mo CD
0.10% $1,000 - Learn More
36 Mo CD
0.10% $1,000 - Learn More
48 Mo CD
0.10% $1,000 - Learn More
60 Mo CD
0.10% $1,000 - Learn More

Online Only CD Rates of Virtualbank, a division of First Horizon Bank

Online CD Rates APY MIN MAX
12-Month CD
3.87% $10,000 - Learn More
18 Month CD
3.87% $10,000 - Learn More
2 Year CD
3.77% $10,000 - Learn More
3 Year CD
3.77% $10,000 - Learn More
4 Year CD
3.67% $10,000 - Learn More
5 Year CD
3.51% $10,000 - Learn More
Checking Rates APY MIN FEE
FirstView Checking 0.00% $0 $0.00 Learn MoreShow Less
SmartView Checking 0.30% $5,000 $15.00 Learn MoreShow Less
TotalView Checking 0.00% $0 $40.00 Learn MoreShow Less

Bank Online Offers

VirtualBank Raises EMoney Market to 2.36% APY
Dec 21, 2018

VirtualBank's eMoney Market rate has been raised to 2.36% APY. 



Loan Rates - April 14, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Horizon Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.652% 6.500%
1.00 points
$5,085 fees
$2,023 Learn More
Rocket Mortgage
NMLS ID: 3030
7.602% 7.500%
1.00 points
$3,200 fees
$2,238 Learn More
Veterans United Home Loans
NMLS ID: 1907

points
fees
Learn More
MortgageResearch.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to First Horizon Bank
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Branches

First Horizon Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Horizon Bank Locations



Climate Policy and Initiatives

First Horizon Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

First Horizon Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Horizon Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Horizon Bank U.S. Bank Average
5.09% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, First Horizon Bank had $491,143,000 in non-current loans and $4,228,000 in owned real estate. To cover these potential losses it had $8,953,223,000 in equity and $773,099,000 in loans loss reserves. That gives it a Texas Ratio of 5.09%.

Return on Equity
First Horizon Bank U.S. Bank Average
10.05% 12.20%

First Horizon Bank has a Return on Equity of 10.05% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Horizon Bank U.S. Bank Average
11% 10.76%

First Horizon Bank has a Capitalization of 11% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Horizon Bank Balance Sheet Analysis

As of December 31, 2023, First Horizon Bank had assets of $81,367,479,000, loans of $61,027,850,000, and deposits of $66,650,287,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 2.34 billion
Interest-bearing balances $ 1,328.32 million
Total securities $ 9.75 billion
Federal funds sold and reverse repurchase $ 718.81 million
Net loans and leases $ 61.03 billion
Loan loss allowance $ 773.10 million
Trading account assets $ 1,577.80 million
Bank premises and fixed assets N.A.
Other real estate owned $ 4.23 million
Goodwill and other intangibles $ 1,702.46 million
All other assets $ 2.86 billion
     Total Assets $ 72.41 billion
LIABILITIES
Total deposits $ 66.65 billion
      Interest-bearing deposits $ 48.58 billion
      Deposits held in domestic offices $ 66.65 billion
      % insured (estimated) 60.33%
Federal funds purchased and repurchase agreements $ 2.22 billion
Trading liabilities $ 738.31 million
Other borrowed funds $ 393.47 million
Subordinated debt $ 494.53 million
All other liabilities $ 1,552.12 million
      Total Liabilities $ 72.41 billion
      Shareholders’ Equity $ 8.95 billion

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 4.13 billion
Total Interest Expense $ 1,525.76 million
Net interest income $ 2.60 billion
Provision for loan and lease losses $ 260.00 million
Total non interest income $ 666.43 million
Total non interest expense $ 1,977.41 million
Pre-tax Net Operating Income $ 554.07 million

Bank Loan Profile?

The top three loan types in First Horizon Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Tennessee, First Horizon Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.70
Multifamily
Mortgages
3.14
Credit Card Loans 0.16
Consumer Auto Loans 0.05
Small Business Loans 2.34
Construction and Development Loans 4.37
Commercial Real Estate 25.68
Commercial and Industrial Loans 25.09
Farm Loans 0.03

Customer Reviews for First Horizon Bank


  • December 30, 2018

    CDs 14 Month Rates

    Garden14


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