05:57 PM EDT, 10/29/2024 (MT Newswires) -- First Horizon ( FHN ) said late Tuesday its board authorized a new $1 billion common stock repurchase program that will expire Jan. 31, 2026.

The authorization replaces its previous repurchase program, which had roughly $174 million of remaining authorization and was scheduled to expire Jan. 31, 2025.

The board kept its quarterly dividend at $0.15 per share, payable Jan. 2 to shareholders of record Dec. 13.

Price: 17.44, Change: +0.15, Percent Change: +0.87