Shares of First Horizon (NYSE: FHN ) have been a strong performer over the past year, gaining 63%, with the stock performing well since November given the prospect for more favorable regulatory policy. I last covered shares inOver 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 D ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Earnings Performance - Adjusted EPS for Q4 2024 was 43 cents, beating the Zacks Consensus Estimate of 38 cents and up from 32 cents in the year-ago quarter [1] - Full-year 2024 adjusted EPS was $1.55, surpassing the Zacks Consensus Estimate of $1.5 and up from $1.43 in the previous year [2] - Net income available to common shareholders (GAAP basis) was $158 million for Q4 2024, down 9.7% YoY, and $738 million for full-year 2024, down 14.7% YoY [3] Revenue and Expenses - Total quarterly revenues were $729 million, down 8.9% YoY and missing the Zacks Consensus Estimate of $822.47 million [4] - Full-year revenues were $3.19 billion, down 8% YoY and missing the Zacks Consensus Estimate of $3.28 billion [4] - NII increased 2.1% YoY to $630 million, with a net interest margin of 3.33%, up 6 basis points from the prior-year quarter [4] - Non-interest income declined 45.9% YoY to $99 million, primarily due to a $91 million securities loss [5] - Non-interest expenses decreased 11.2% YoY to $508 million, driven by lower incentives, commission fees, and deferred compensation expenses [5] - Efficiency ratio improved to 61.98%, down from 71.14% in the year-ago period, indicating higher profitability [5] Loans, Deposits, and Credit Quality - Total period-end loans and leases were $62.55 billion, up marginally from the previous quarter, while total period-end deposits decreased 1.5% to $65.6 billion [6] - Non-performing loans and leases increased 30.3% YoY to $602 million [7] - The ratio of total allowance for loan and lease losses to loans and leases was 1.3%, up from 1.26% in the prior-year quarter, with the allowance increasing 5.4% YoY to $815 million [7] - Net charge-offs decreased 63.9% YoY to $13 million, and the provision for credit losses plunged 80% YoY to $10 million [8] Capital Position and Share Repurchases - Common Equity Tier 1 ratio was 11.2%, down from 11.4% in the year-ago quarter [10] - Total capital ratio was 13.9%, down from 14% in the prior-year quarter, and the tier 1 leverage ratio was 10.6%, down from 10.7% [10] - The company repurchased $163 million worth of common stock in the reported quarter [11] Industry Updates - Prosperity Bancshares, Inc (PB) is scheduled to release Q4 2024 earnings on Jan 29, with a Zacks Rank 3 (Hold) and a consensus estimate of $1.33 per share [13] - Cullen/Frost Bankers, Inc (CFR) is scheduled to release Q4 2024 earnings on Jan 30, with a Zacks Rank 2 (Buy) and a consensus estimate of $2.15 per share [13][14]

First Horizon Corporation (NYSE:FHN) Q4 2024 Earnings Conference Call January 16, 2025 9:30 AM ET Company Participants Tyler Craft - Head of Investor Relations Bryan Jordan - Chairman, President and Chief Executive Officer Hope Dmuchowski - Chief Financial Officer Thomas Hung - Chief Credit Officer Conference Call Participants Michael Rose - Raymond James Jon Arfstrom - RBC Capital Markets Ebrahim Poonawala - Bank of America Jared Shaw - Barclays Capital Christopher McGratty - KBW Nicholas Holowko - UBS Ant ...

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For the quarter ended December 2024, First Horizon National (FHN) reported revenue of $729 million, down 8.9% over the same period last year. EPS came in at $0.43, compared to $0.32 in the year-ago quarter.The reported revenue represents a surprise of -11.36% over the Zacks Consensus Estimate of $822.47 million. With the consensus EPS estimate being $0.38, the EPS surprise was +13.16%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

First Horizon National (FHN) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.38 per share when it actually produced earnings of $0.42, delivering a surprise of 10.53%.Over the last four qua ...

First Horizon Corporation Reports Full Year 2024 Net Income Available to Common Shareholders (NIAC) of $738 Million or EPS of $1.36; Adjusted NIAC increased 5% to $843 Million or $1.55, driven by continued exemplary credit performance, increased fee income generation, and strong margin* Fourth Quarter 2024 Net Income Available to Common Shareholders of $158 Million or EPS of $0.29; $228 Million or $0.43 on an Adjusted Basis, up 2% from the prior quarter.* MEMPHIS, TN (January 16, 2025) – First Horizon Corpo ...

First Horizon Corporation FHN will release earnings for its fourth quarter, before the opening bell on Thursday, Jan. 16.Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 39 cents per share. That's up from 32 cents per share in the year-ago period. According to Benzinga Pro, First Horizon projects quarterly revenue of $821.89 million, compared to $804 million a year earlier.On Oct. 29, First Horizon disclosed a $1 billion share repurchase program.First Horizon shares gained 2. ...

First Horizon National (FHN) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Indivi ...