03:35 AM EDT, 10/28/2025 (MT Newswires) -- First Horizon ( FHN ) said late Monday it has authorized a new $1.2 billion stock repurchase program to replace its previous buyback initiative, effective immediately.

The new authorization, set to expire Jan. 31, 2027, replaces a buyback program that had about $180 million in remaining authorization.

The company also said it is maintaining a quarterly cash dividend of $0.15 per share, payable on Jan. 2, 2026, to shareholders of record as of Dec. 12.