First Horizon M&A Plan Spurs Worst Stock Rout Since TD Deal Died

Oct. 15, 2025, 5:04 PM UTC

First Horizon Corp. shares plunged after management mentioned possible plans to acquire another bank, dashing hopes that the lender would instead be a takeover target.

“I am increasingly confident in our ability to integrate a well-structured merger with a strong cultural fit in our existing footprint if such an opportunity arises in 2026 or beyond,” Chief Executive Officer Bryan Jordan told analysts during an earnings call, sending the stock plunging as much as 13% to $19.99. It’s the worst intraday drop for shares since May 2023, when Canada’s Toronto-Dominion Bank walked away from a $13.4 billion deal to buy First ...

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