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First Horizon Corp. (NYSE:FHN), a financial institution with a market capitalization of $11.08 billion and a solid financial health rating according to InvestingPro, announced Wednesday that Michael L. Moehn has been elected to its board of directors, effective immediately. The company, which has maintained dividend payments for 15 consecutive years and currently offers a 2.75% yield, also reported that its board has approved an amendment to its bylaws to increase the number of directors from twelve to thirteen.
Mr. Moehn, 56, currently serves as Senior Executive Vice President and Chief Financial Officer of Ameren Corporation (NYSE:AEE), a publicly traded utility holding company based in St. Louis, Missouri. He is also President and Chairman of Ameren Services Company, a subsidiary of Ameren. According to the press release statement, Mr. Moehn oversees strategic planning and is responsible for Ameren’s supply chain, digital, and cybersecurity operations. As CFO, he manages all financial affairs of the company, including investor relations, financial reporting, accounting, tax, treasury, internal audit, and capital market activities. Mr. Moehn joined Ameren in June 2000 and has held several corporate and operational roles, including President of Ameren Missouri. Prior to joining Ameren, he worked at PricewaterhouseCoopers, LLP.
There are no arrangements or understandings between Mr. Moehn and any other person regarding his selection as a director. He has been appointed to the Audit and Information Technology Committees of the board.
First Horizon stated that it and its subsidiaries have conducted lending and other financial services transactions in the ordinary course of business with its executive officers, directors, nominees, their immediate family members, and affiliated entities. These transactions were made on terms comparable to those available to unrelated parties and did not involve more than the normal risk of collectability or present other unfavorable features.
Mr. Moehn will be eligible to participate in First Horizon’s compensation plans and programs for non-employee directors.
This information is based on a press release statement included in a filing with the Securities and Exchange Commission. For investors seeking deeper insights into First Horizon’s financial health and future prospects, InvestingPro offers exclusive analysis and additional ProTips, including detailed assessments of the company’s market position and growth potential.
In other recent news, First Horizon Corporation reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.45, compared to the forecasted $0.42. However, the company’s revenue slightly missed projections, coming in at $830 million against the expected $831.93 million. Citi raised its price target for First Horizon to $25 from $22, maintaining a Buy rating, citing a favorable revenue outlook and controlled expenses. The company also announced that its 2025 capital stress test results show strong capital levels, with a Common Equity Tier 1 Capital ratio of 9.7%, well above the regulatory minimum of 4.5%.
In leadership changes, First Horizon appointed Michael Moehn to its board of directors. Moehn is currently the Senior Executive Vice President and Chief Financial Officer of Ameren Corporation. Additionally, Shaun McDougall was named as the new Head of Consumer Banking, a newly created position. McDougall will oversee the strategic development of First Horizon’s consumer banking operations.
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