Key Takeaways First Horizon Corp. shares fell in intraday trading Wednesday after the company reported second-quarter results lower than analysts' projections. Revenue and profits fell year-over-year as net interest income (NII) decreased. First Horizon also lowered its full-year NII outlook. The parent of First Horizon Bank reported NII of $629 million, down slightly from the $631 million it reported last year and below the $636 million analysts had projected, according to estimates compiled by Visible Alp ...

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First Horizon National (FHN) reported $815 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 21%. EPS of $0.36 for the same period compares to $0.39 a year ago. The reported revenue represents a surprise of -0.59% over the Zacks Consensus Estimate of $819.82 million. With the consensus EPS estimate being $0.37, the EPS surprise was -2.70%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers a ...

First Horizon National (FHN) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this bank holding company would post earnings of $0.34 per share when it actually produced earnings of $0.35, delivering a surprise of 2.94%. Over the last four qu ...

FIRST HORIZON. 2Q24 ROTCE of 11.3% and Adjusted ROTCE of 12.0% with Tangible Book Value per Share of $12.22, up $0.06 QoQ* Jordan continued, "We continue to make significant progress on our strategic investments while identifying operational efficiencies that enhance the client experience and our financial performance. I am proud of the continued progress we have made in strengthening our competitive position and remain confident in our ability to continue to deliver value to our shareholders, associates, c ...

For the most recent quarter, First Horizon was expected to post earnings of $0.34 per share, but it reported $0.35 per share instead, representing a surprise of 2.94%. For the previous quarter, the consensus estimate was $0.31 per share, while it actually produced $0.32 per share, a surprise of 3.23%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks wit ...

Wall Street analysts forecast that First Horizon National (FHN) will report quarterly earnings of $0.37 per share in its upcoming release, pointing to a year-over-year decline of 5.1%. It is anticipated that revenues will amount to $819.82 million, exhibiting a decline of 20.5% compared to the year-ago quarter. Over the last 30 days, there has been an upward revision of 2.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsid ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Estimate Revisions Trend Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surpri ...

MEMPHIS, Tenn., June 26, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") announced that Junior Achievement USA® (JA) has honored First Horizon Bank again with a bronze 2022-23 U.S. President's Volunteer Service Award in appreciation of their valued partnership and support. The U.S. President's Volunteer Service Award was presented to 70 organizations at the JA Volunteer Summit on June 11th in Washington, DC. Requirements of the award include volunteering a minimum of 1,500 hour ...

Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America's Best-In-State Banks 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state. The ranking is based on two sources: 1. An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all banks where t ...