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Will First Horizon (FHN) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-11 17:16
Core Viewpoint - First Horizon National (FHN) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend of surpassing expectations in previous quarters [1]. Earnings Performance - First Horizon has consistently exceeded earnings estimates, with an average surprise of 11.84% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.43 per share against an expected $0.38, resulting in a surprise of 13.16% [2]. - For the previous quarter, First Horizon's actual earnings were $0.42 per share, surpassing the consensus estimate of $0.38, which led to a surprise of 10.53% [2]. Earnings Estimates and Predictions - Recent estimates for First Horizon have been revised upward, indicating growing analyst confidence in the company's near-term earnings potential [5]. - The Zacks Earnings ESP for First Horizon is currently +3.80%, suggesting a favorable outlook for an earnings beat [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high probability of another earnings surprise [5][8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].
First Horizon Recognized as a Newsweek America's Greatest Workplace for Women 2025
Prnewswire· 2025-04-10 20:00
MEMPHIS, Tenn., April 10, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN), with a proud legacy of growth and innovation, has been named one of America's Greatest Places to Work for Women in 2025, an honor that highlights the bank's commitment to expanding access for its associates. The recognition, awarded by Newsweek and in its third year, is based on an independent large-scale survey that includes information from interviews of more than 70,000 female workers and more than 1.4 million company r ...
First Horizon National (FHN) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-04-09 15:05
First Horizon National (FHN) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 16, 2025, might help the stock move higher if these key numbers are better ...
First Horizon: Q1 Earnings Present An Opportunity (Upgrade)
Seeking Alpha· 2025-04-09 13:08
Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...
LPL Financial Announces Strategic Relationship with First Horizon Bank
Newsfilter· 2025-04-07 13:00
Core Viewpoint - LPL Financial Holdings Inc. has entered into an agreement with First Horizon Bank to enhance wealth management services by transitioning support for First Horizon Advisors to LPL's platform, expected to be completed in the second half of 2025, pending regulatory approval [1][3]. Company Overview - First Horizon Corporation, with $82.2 billion in assets as of December 31, 2024, operates in 12 states and offers a range of financial services including commercial, private banking, and wealth management [4]. - LPL Financial is a leading wealth management firm in the U.S., supporting over 29,000 financial advisors and managing approximately $1.7 trillion in assets for around 6 million clients [5]. Strategic Implications - The partnership aims to leverage LPL's operational support to enhance First Horizon Advisors' offerings, allowing advisors to focus on client relationships and investment strategies [3]. - The transition is anticipated to empower First Horizon Advisors to provide superior financial advice and improve their market positioning [3].
First Horizon Corporation to Announce First Quarter Financial Results on April 16, 2025
Prnewswire· 2025-03-12 20:15
Core Points - First Horizon Corporation (NYSE: FHN) will announce its first quarter financial results on April 16, 2025 [1] - A live conference call and webcast presentation will take place on the same day at 9:30 am ET [1] - The company has $82.2 billion in assets as of December 31, 2024, and operates in 12 states across the southern U.S. [4] Financial Information - The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:30 am ET [1] - Individuals can join the conference call by dialing specific numbers based on their location [2] - A replay of the call will be available until midnight CT on April 30th [2] Company Overview - First Horizon Corporation is a leading regional financial services company offering a range of services including commercial, private banking, consumer, and mortgage banking [4] - The company has been recognized as one of the nation's best employers by Fortune and Forbes magazines [4] - First Horizon Bank is the banking subsidiary of First Horizon Corporation [4]
Here's Why First Horizon (FHN) Looks Ripe for Bottom Fishing
ZACKS· 2025-03-06 15:55
Core Insights - First Horizon National (FHN) shares have declined by 5.3% over the past week, but a hammer chart pattern suggests potential support and a trend reversal [1][2] - Wall Street analysts are increasingly optimistic about FHN's future earnings, which supports the likelihood of a trend reversal [2][6] Technical Analysis - A hammer chart pattern indicates a potential bottom in price, characterized by a small candle body and a long lower wick, suggesting that selling pressure may be exhausting [3][4] - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may be losing control, indicating a possible trend reversal [4] Fundamental Analysis - Recent upward revisions in earnings estimates for FHN serve as a bullish indicator, correlating strongly with near-term stock price movements [6] - The consensus EPS estimate for the current year has increased by 0.2% over the last 30 days, reflecting analysts' agreement on improved earnings potential [7] Zacks Rank - FHN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8] - The Zacks Rank serves as a timing indicator, suggesting that FHN's prospects are beginning to improve, reinforcing the potential for a turnaround [8]
First Horizon Bank Unveils Official Bank of FC Naples
Prnewswire· 2025-03-03 14:00
Core Insights - First Horizon Corp. has entered a multiyear partnership with FC Naples, becoming the Official Bank of the first professional soccer team in Collier County, Florida [1][2] - The partnership aims to enhance community engagement and provide youth access to professional soccer, fostering inspiration and dedication [2] - FC Naples is positioned to create a world-class family experience and aims to be a title-contending team, reflecting the community's values and history [3] Company Overview - First Horizon Corp. has $82.2 billion in assets as of December 31, 2024, and operates in 12 states across the southern U.S. [4] - The company offers a wide range of financial services, including commercial, private banking, consumer, and wealth management [4] - First Horizon has received recognition as one of the best employers and a top reputable bank in the U.S. [4]
First Horizon Earns National Recognition from Training Magazine with 2025 APEX Award
Prnewswire· 2025-02-28 13:54
Core Points - First Horizon Corporation received the 2025 Training APEX Award from Training magazine, marking the tenth consecutive year the company has been recognized for its excellence in employer-sponsored training and development programs [1][2] - The APEX Awards ranking is based on a combination of industry benchmarks and various qualitative and quantitative factors, including total training budget, percentage of payroll, scope of training programs, and business outcomes resulting from training [4] Company Overview - First Horizon Corporation, with $82.2 billion in assets as of December 31, 2024, is a leading regional financial services company headquartered in Memphis, TN, operating in 12 states across the southern U.S. [3] - The company offers a wide range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [3] - First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [3]
First Horizon(FHN) - 2024 Q4 - Annual Report
2025-02-27 21:37
Economic Conditions and Performance - The company experienced significant volatility in income and performance due to the cyclical nature of the U.S. economy, which impacts key performance measures [17]. - The company reported that its lending business is highly dependent on clients' ability to repay loans, which is influenced by economic conditions and individual factors [17]. - The company anticipates potential impacts from economic recessions, interest rate movements, and fluctuations in the housing market on its financial performance [24]. - FHN's forward-looking statements indicate expectations for future operations and financial results, emphasizing the inherent uncertainties in business conditions and market dynamics [22]. Interest Rates and Lending - Over half of the company's loan portfolio is tied to variable interest rates, which have been affected by the aggressive interest rate policies implemented in 2022 and 2023 [16]. - Interest rate conditions and the shape of the yield curve are critical drivers of the company's profit margin from lending [17]. Risk Management - The company highlighted the importance of managing credit quality to minimize loan losses, as lending is a high-volume, low-margin business [17]. - The company is focused on managing risks associated with loan origination and servicing, including prepayment risks and fluctuations in collateral values [24]. - The effectiveness of FHN's hedging practices and the ability to adapt to changing industry standards are critical for managing market risks [24]. - The company recognizes the risks associated with fraud and theft, which have increased due to advancements in technology [20]. Operational Strategy - The company is focused on reducing operating costs while maintaining competitive service, viewing expense control as crucial for long-term success [20]. - The company plans to continue monitoring economic conditions and adjusting strategies accordingly to mitigate risks [22]. Regulatory Environment - The company is subject to heavy regulation, which can significantly restrict its ability to pursue certain lines of business [20]. - Future results may be affected by regulatory changes and potential claims related to mortgage servicing failures [24]. - The company emphasizes the importance of ongoing assessments of market conditions and regulatory environments in shaping its future outlook [23]. Competition and Market Dynamics - FHN's financial condition is influenced by the stability of major financial participants and competition within the financial services industry [24]. - Technological innovation is transforming the financial services industry, posing challenges for the company to remain an innovation leader [20]. - FHN's financial performance is subject to reputational risks and potential adverse reactions from clients and business relationships [24]. Deposit Management - The company faced significant deposit outflows in 2023, which were countered by a successful deposit campaign to restore public confidence [18]. Financial Reporting - FHN's financial statements and supplementary data provide insights into its operational performance and market risk management strategies [781].