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First Horizon: Solid Q3 Results Leave Shares With More Upside Potential
Seeking Alpha· 2024-10-19 09:46
Shares of First Horizon (NYSE: FHN ) have been a strong performer over the past year, gaining over 66% as the company has recovered strongly from the early 2023 regional banking crisis. I last covered First Horizon in Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! Analyst's Disclosu ...
First Horizon Stock Up on Q3 Earnings Beat, NII & Fee Income Rise Y/Y
ZACKS· 2024-10-17 12:55
Shares of First Horizon Corporation (FHN) gained more than 4% following the release of its better-thanexpected third-quarter 2024 results. The company's third-quarter adjusted earnings per share (excluding notable items) of 42 cents surpassed the Zacks Consensus Estimate of 38 cents. Moreover, the figure increased 55.6% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from a rise in net interest income (NII) and non-interest income. Also, an increas ...
First Horizon(FHN) - 2024 Q3 - Earnings Call Transcript
2024-10-16 15:48
First Horizon Corporation (NYSE:FHN) Q3 2024 Earnings Conference Call October 16, 2024 9:30 AM ET Company Participants Natalie Flanders - Head, Investor Relations Bryan Jordan - Chairman, President and Chief Executive Officer Hope Dmuchowski - Chief Financial Officer Thomas Hung - Deputy Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Michael Rose - Raymond James Jon Arfstrom - RBC Capital Jared Shaw - Barclays Capital Samuel Varga - UBS Chris McGratty - KBW Timur Brazi ...
Here's What Key Metrics Tell Us About First Horizon (FHN) Q3 Earnings
ZACKS· 2024-10-16 14:30
For the quarter ended September 2024, First Horizon National (FHN) reported revenue of $828 million, up 6.4% over the same period last year. EPS came in at $0.42, compared to $0.27 in the year-ago quarter. The reported revenue represents a surprise of +0.78% over the Zacks Consensus Estimate of $821.63 million. With the consensus EPS estimate being $0.38, the EPS surprise was +10.53%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...
First Horizon(FHN) - 2024 Q3 - Earnings Call Presentation
2024-10-16 13:20
Third Quarter 2024 Earnings October 16, 2024 Disclaimers 2 Non-GAAP Information Certain measures included in this document are "non-GAAP," meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. FHN's management believes such measures, even though not always comparable to non-GAAP measures used by other financial institutions, are relevant to understanding the financial condition ...
First Horizon National (FHN) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-16 12:51
First Horizon National (FHN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this bank holding company would post earnings of $0.37 per share when it actually produced earnings of $0.36, delivering a surprise of -2.70%. Over the last four q ...
First Horizon(FHN) - 2024 Q3 - Quarterly Results
2024-10-16 11:29
FIRST HORIZON. First Horizon Corporation's Momentum Continues with Strong Third Quarter 2024 Results Net Income Available to Common Shareholders of $213 Million or EPS of $0.40; $224 Million or $0.42 on an Adjusted Basis, both up $0.06 from prior quarter* 3Q24 ROTCE of 12.6% and Adjusted ROTCE of 13.2% with Tangible Book Value per Share of $13.02, up $0.81 QoQ* MEMPHIS, TN (October 16, 2024) – First Horizon Corporation (NYSE: FHN or "First Horizon") today reported third quarter net income available to commo ...
First Horizon (FHN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-11 14:20
Wall Street analysts forecast that First Horizon National (FHN) will report quarterly earnings of $0.38 per share in its upcoming release, pointing to a year-over-year increase of 40.7%. It is anticipated that revenues will amount to $821.63 million, exhibiting an increase of 5.6% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reco ...
First Horizon: A Double Downgrade Is In Order
Seeking Alpha· 2024-10-11 11:47
My, how time flies! It seems like only a short while ago that I last wrote an article about First Horizon (NYSE: FHN ). But in fact, it was approximately one year ago, in the middle Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussi ...
First Horizon National (FHN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-09 15:03
First Horizon National (FHN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...