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.

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