First Horizon Bank

165 Madison Avenue
Memphis, TN 38103

Phone 800 382 5465

Notable Rates APY Vs.Others
Savings 0.01% 2.20% →
1-Year CD 0.10% 2.20% →
2-Year CD 0.15% 2.20% →
5-Year CD 0.55% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

First Horizon Bank is an FDIC insured institution located in Memphis, TN. It was founded in 1864 and has approximately $43.53 billion in assets. Customers can open an account at one of its 372 branches.

FDIC Insured Yes
FDIC Certificate # 4977
Date Established 1864
Assets $43.53 billion
Loans $31.62 billion
Deposits $32.31 billion
Capital $5.26 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 - February 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $1 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
Money Market
0.02% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.02% $1,000 - Learn MoreShow Less
3 Mo CD
0.02% $100,000 - Learn MoreShow Less
6 Mo CD
0.06% $10,000 $49,999 Learn MoreShow Less
6 Mo CD
0.06% $100,000 - Learn MoreShow Less
12 Mo CD
0.10% $10,000 $49,999 Learn MoreShow Less
12 Mo CD
0.10% $100,000 - Learn MoreShow Less
18 Mo CD
0.10% $1,000 - Learn MoreShow Less
18 Mo CD
0.10% $50,000 - Learn MoreShow Less
24 Mo CD
0.15% $10,000 $49,999 Learn MoreShow Less
24 Mo CD
0.15% $50,000 - Learn MoreShow Less
30 Mo CD
0.15% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
0.30% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
0.30% $50,000 - Learn MoreShow Less
48 Mo CD
0.40% $10,000 $49,999 Learn MoreShow Less
48 Mo CD
0.40% $50,000 - Learn MoreShow Less
60 Mo CD
0.55% $10,000 $49,999 Learn MoreShow Less
60 Mo CD
0.55% $50,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $100 - Learn MoreShow Less
Fixed IRA
0.15% $100 - Learn MoreShow Less
Fixed IRA
0.06% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 - Learn MoreShow Less
Var IRA
0.55% $100 - Learn MoreShow Less
Var IRA
0.08% $100 - Learn MoreShow Less
Var IRA
0.15% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $999 Learn MoreShow Less
Int Ckg
0.01% $1,000 $4,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Classic Checking 0.00% $0 $8.00 Learn MoreShow Less
Premier Checking 0.30% $5,000 $12.00 Learn MoreShow Less
Express Checking 0.00% $0 $7.00 Learn MoreShow Less

Loan Rates - February 27, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.158% 3.125% 0.38 $1,030 $1,071 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to First Horizon Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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


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
4.04% 6.70%

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 September 30, 2019, First Horizon Bank had $200,138,000 in non-current loans and $20,181,000 in owned real estate. To cover these potential losses it had $5,261,692,000 in equity and $192,224,000 in loans loss reserves. That gives it a Texas Ratio of 4.04%.

Return on Equity
First Horizon Bank U.S. Bank Average
9.81% 9.72%

First Horizon Bank has a Return on Equity of 9.81% versus the BestCashCow average of 9.72%. 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
12.09% 12.89%

First Horizon Bank has a Capitalization of 12.09% versus the BestCashCow average of 12.89. 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 September 30, 2019, First Horizon Bank had assets of $43,532,696,000, loans of $31,622,420,000, and deposits of $32,305,295,000. 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

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $1.11 billion
Interest-bearing balances $0.36 billion
Total securities $4.43 billion
Federal funds sold and reverse repurchase $0.75 billion
Net loans and leases $31.62 billion
Loan loss allowance $0.19 billion
Trading account assets $1.54 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $1.56 billion
All other assets $1.87 billion
     Total Assets $38.27 billion
LIABILITIES
Total deposits $32.31 billion
      Interest-bearing deposits $23.67 billion
      Deposits held in domestic offices $32.31 billion
      % insured (estimated) 64.10%
Federal funds purchased and repurchase agreements $1.67 billion
Trading liabilities $0.76 billion
Other borrowed funds $2.79 billion
Subordinated debt $0.05 billion
All other liabilities $0.69 billion
      Total Liabilities $38.27 billion
      Shareholders’ Equity $5.26 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $1.23 billion
Total Interest Expense $0.30 billion
Net interest income $0.93 billion
Provision for loan and lease losses $0.04 billion
Total non interest income $0.46 billion
Total non interest expense $0.86 billion
Pre-tax Net Operating Income $0.49 billion

Bank Loan Profile?

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

Compared to other banks in Tennessee, First Horizon Bank has a significantly higher percent of Credit Card Loans, 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 20.45
Multifamily
Mortgages
1.86
Credit Card Loans 0.32
Consumer Auto Loans 0.30
Small Business Loans 2.46
Construction and Development Loans 3.29
Commercial Real Estate 20.49
Commercial and Industrial Loans 25.52
Farm Loans 0.11

Frequently Asked Questions About First Horizon Bank

Branches and Savings

Is First Horizon Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4977.

Why does First Horizon Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Horizon Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Horizon Bank a commercial bank?

Yes

Where are First Horizon Bank locations?

See branch locations nearby.

Is First Horizon Bank open on Saturdays?

Is First Horizon Bank open on Sundays?

What time does First Horizon Bank open?

What time does First Horizon Bank close?

Are First Horizon Bank ATMs Open 24/7?

Do First Horizon Bank ATMs accept cash deposits?

Can First Horizon Bank customers use other ATMs?

Do First Horizon Bank branches have notaries?

Will First Horizon Bank notarize my document?

What address for First Horizon Bank should I put for incoming ACH transfers?

Will the First Horizon Bank branch print checks?

Do First Horizon Bank checks expire?

Does First Horizon Bank require US citizenship to open account?

Can First Horizon Bank close my account?

Does First Horizon Bank Report to credit bureaus?

Does First Horizon Bank Use Equifax?

What is First Horizon Bank's ACH Routing Number?

What is First Horizon Bank's SWIFT code?

Products

Does First Horizon Bank offer mortgages?

Compare mortgage rates here.

Does First Horizon Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Horizon Bank offer personal loans?

Compare personal loan rates here.

Does First Horizon Bank offer student loans?

Will First Horizon Bank cash a check?

Will First Horizon Bank redeem a savings bond?

Does First Horizon Bank cash savings bonds?

Will First Horizon Bank cash money orders?

Can First Horizon Bank issue a money order?

Does First Horizon Bank do currency exchange?

Background on The Bank

Who owns First Horizon Bank?

How long has First Horizon Bank been around?

Can First Horizon Bank transfer to other banks?

Does First Horizon Bank have quick pay?

Does First Horizon Bank accept rolled coins?

Will First Horizon Bank accept loose change?

Where is First Horizon Bank headquarters?

Customer Reviews for First Horizon Bank


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