Update: First Horizon adds $135M to loan loss provision in Q1
Memphis banking company expects to close on its $3.9 billion merger with Iberiabank by the end of the second quarter.
Memphis banking company expects to close on its $3.9 billion merger with Iberiabank by the end of the second quarter.
Return on average assets and on common equity fall sharply in the first quarter as Pinnacle boosted reserves for loan losses by $86 million.
BancorpSouth records $46 million provision for loan losses as COVID-19 increases loan volume under CARES Act.
As Congress debates adding more funds to the Paycheck Protection Program, many small businesses try to hang on.
The questions of how bad the economy could get still persist, making future Beige Book reports important for signs of how long the carnage could last.
Aggregation rules that impact the 500-employee threshold to receive federal relief funds through the Paycheck Protection Program have venture capital firms like SSM Partners in Memphis debating tough, complex decisions.
Memphis Herman Strickland was a senior vice president at Pinnacle Financial Partners, deacon at New Olivet Worship Center and served on many community boards.
Local professionals give advice for small businesses hurt by coronavirus plague and steps businesses can take to get needed capital.
Consumers may think mortgage interest rates have fallen in line with Federal Reserve rate cuts, but there are other factors contributing to mortgage rates.
At least one wealth manager says the markets could see another 10% drop, but volatility is something investors should expect and endure.
An increase in claims for termite damage in ServiceMaster's Terminix brand affected fourth-quarter net income.
Pinnacle Financial Partners has ranked 14th on Fortune magazine’s annual 100 Best Companies to Work For list for 2020.
Two banks, Patriot and Pinnacle, are expanding their Shelby County footprint with branches in Arlington and Bartlett.
“The three main providers are going to be down to two, and Schwab will have the majority of that marketplace," noted one local expert.
Full-year net earnings per diluted common share rose 13% and the company's CEO says high single-digit or double-digit loan growth is "achievable" in 2020.
Adding Phillip May to Pinnacle's team in Memphis could mean more bankers and growth in the future.
Full-year adjusted earnings per share rises 17.7% as First Horizon realizes benefits from its 2017 acquisition of Capital Bank and looks forward to integrating its merger of equals with Iberiabank.
Memphis economy continues to roll along slowly as the Phase One Trade Deal with China provides more optimism for business conditions down the road.
Former Metropolitan Bank CEO Phillip May comes out of consulting to take post as Memphis president of Pinnacle Financial Partners.
Expansion in eastern U.S., integration of Iberiabank merger will be in focus when First Horizon National Corp. kicks off 2020.
A University of Memphis professor predicts new wave of corporate filings will reflect environment, social ethics.
With a combined 3,000 branches, Truist becomes a dominant bank in the Southeast that also has branches in the Midwest, Northeast and Texas.
The missing component has been sufficient investment capital to help establish and grow new companies in Memphis, Emerge Memphis' founder Bryan Eagle says.
Emerge Memphis and Epicenter have created a $1.3 million pre-seed investment fund for early-stage startup companies.
In a unanimous decision Wednesday, Dec. 11, the Federal Open Market Committee maintained the target range for the federal funds rate at 1.5% to 1.75%.