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First Horizon (FRA:FT2) Other Liabilities for Insurance Companies


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What is First Horizon Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


First Horizon (FRA:FT2) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Horizon Corp (FRA:FT2) » Definitions » Other Liabilities for Insurance Companies
Address
165 Madison Avenue, Memphis, TN, USA, 38103
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.