First Horizon names Shaun McDougall as new head of consumer banking

MEMPHIS - First Horizon Corporation (NYSE:FHN), a financial institution currently valued at $11.1 billion and showing strong market performance with a 48% return over the past year, appointed Shaun McDougall to the newly created position of Head of Consumer Banking, the company announced Friday.

In his new role, McDougall will lead the strategic development and execution of First Horizon’s consumer banking experience, overseeing the Retail Banking, Digital Banking and Small Business Banking teams.

McDougall brings more than 20 years of financial services experience to the position. He most recently worked at Wells Fargo focusing on branch banking growth and customer experience strategy. His previous experience includes senior roles in wealth management, small business banking, and corporate partnerships at HSBC, as well as retail leadership positions at Citizens Financial and JPMorgan Chase.

"Shaun brings incredible energy, enthusiasm and deep expertise to this pivotal new position," said Anthony Restel, Senior Executive Vice President and Chief Banking Officer for First Horizon Corporation, in a press release statement.

According to the company, McDougall will work with leaders across the organization to develop client-focused strategies that deliver solutions for consumer clients throughout their financial journey.

"I’m excited to join First Horizon at such a transformative time," McDougall said.

First Horizon Corporation, with $82.1 billion in assets as of June 30, 2025, operates its banking subsidiary First Horizon Bank across 12 states in the southern United States. The company has maintained dividend payments for 15 consecutive years and currently offers a 2.7% dividend yield. According to InvestingPro analysis, First Horizon shows strong financial health with positive earnings forecasts and appears undervalued based on its Fair Value assessment. For deeper insights into First Horizon’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

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, surpassing the forecasted $0.42. However, the company’s revenue slightly missed projections, coming in at $830 million compared to the expected $831.93 million. The bank also announced that its 2025 company-run capital stress test results indicate it would maintain capital ratios well above regulatory minimums during hypothetical severe economic downturns. Specifically, First Horizon reported a minimum Common Equity Tier 1 Capital ratio of 9.7%, significantly higher than the 4.5% regulatory minimum requirement.

In analyst updates, Citi raised its price target for First Horizon to $25.00 from $22.00, maintaining a Buy rating on the shares. Citi cited the bank’s revenue outlook, which is expected to trend toward the higher end of guidance, while expenses are anticipated to be at the lower end of the projected range. These developments provide a snapshot of First Horizon’s current financial health and market positioning.

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