First Horizon adds Ameren CFO Michael Moehn to board of directors

MEMPHIS - First Horizon Corporation (NYSE:FHN), a banking institution that has delivered a remarkable 42.5% return over the past year, announced Thursday the appointment of Michael Moehn to its board of directors and to the First Horizon Bank board. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, suggesting strong operational fundamentals.

Moehn, 56, currently serves as Senior Executive Vice President and Chief Financial Officer of Ameren Corporation, as well as President and Chairman of Ameren Services Company.

The new director brings over 20 years of executive experience in finance, operations, risk management and strategic leadership from the energy and utility sectors. At Ameren, a Fortune 500 utility holding company based in St. Louis, Moehn oversees financial affairs including investor relations, financial reporting, accounting, tax, and treasury functions.

His prior experience includes serving as President of Ameren Missouri, where he was responsible for the state’s largest energy provider serving more than 1.2 million customers. Before joining Ameren in 2000, Moehn worked at PricewaterhouseCoopers, LLP.

"Michael’s combination of visionary leadership and hands-on expertise at a premier public company will be invaluable to the board and our organization," said Bryan Jordan, Chairman, President and CEO of First Horizon, according to the company’s press release.

Moehn holds a bachelor’s degree in accounting from Saint Louis University, an MBA from Washington University in St. Louis, and a certificate in Nuclear Reactor Technology from MIT.

First Horizon Corporation reported $82.1 billion in assets as of June 30, 2025. The banking subsidiary First Horizon Bank operates across 12 states in the southern United States, offering commercial, private banking, consumer, small business, wealth management, and other financial services. The company, currently trading at an attractive P/E ratio of 13.9, has maintained dividend payments for 15 consecutive years and appears undervalued according to InvestingPro Fair Value metrics. For deeper insights into First Horizon’s valuation and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, First Horizon Corporation reported its second-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.45, compared to the projected $0.42. However, the company’s revenue slightly missed forecasts, totaling $830 million against the expected $831.93 million. Citi has raised its price target for First Horizon from $22 to $25, maintaining a Buy rating, and noted that revenue is likely to trend toward the higher end of guidance while expenses are expected to be at the lower end. The company also announced that its 2025 capital stress test results indicate strong capital levels, with a minimum Common Equity Tier 1 Capital ratio of 9.7%, significantly above the 4.5% regulatory requirement. This suggests approximately $4 billion of additional pre-tax loss absorption capacity. Additionally, First Horizon has appointed Shaun McDougall as the new Head of Consumer Banking, a role in which he will oversee Retail Banking, Digital Banking, and Small Business Banking teams. These developments reflect strategic moves and financial resilience within the company.

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