First Horizon(FHN)

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Why First Horizon National (FHN) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-01-16 15:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks St ...
Here's What Key Metrics Tell Us About First Horizon (FHN) Q4 Earnings
ZACKS· 2025-01-16 15:30
Core Insights - First Horizon National (FHN) reported a revenue of $729 million for the quarter ended December 2024, reflecting an 8.9% decrease year-over-year and a surprise of -11.36% compared to the Zacks Consensus Estimate of $822.47 million [1] - The earnings per share (EPS) for the quarter was $0.43, which is an increase from $0.32 in the same quarter last year, resulting in an EPS surprise of +13.16% against the consensus estimate of $0.38 [1] Financial Performance Metrics - Net Interest Margin (FTE) was reported at 3.3%, matching the average estimate from four analysts [4] - The Efficiency Ratio stood at 62%, slightly above the average estimate of 60% from four analysts [4] - Net charge-offs to average loans were 0.1%, better than the average estimate of 0.3% from three analysts [4] - Average Balance of Total Interest Earning Assets was $75.74 billion, below the average estimate of $76.23 billion from three analysts [4] - Total nonperforming loans and leases amounted to $602 million, compared to the estimated $608.92 million from two analysts [4] - Total Non-Interest Income was $99 million, significantly lower than the average estimate of $195.64 million from four analysts [4] - Net Interest Income was reported at $630 million, slightly above the average estimate of $623.27 million from four analysts [4] - Service charges and fees totaled $53 million, below the average estimate of $58.35 million from two analysts [4] - Other noninterest income was $20 million, slightly above the average estimate of $19.37 million from two analysts [4] - Card and digital banking fees were $19 million, close to the average estimate of $19.68 million from two analysts [4] - Mortgage banking and title income was $8 million, in line with the average estimate of $8.55 million from two analysts [4] Stock Performance - Shares of First Horizon have returned +11.9% over the past month, outperforming the Zacks S&P 500 composite, which saw a -1.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
First Horizon National (FHN) Q4 Earnings Surpass Estimates
ZACKS· 2025-01-16 13:46
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(FHN) - 2024 Q4 - Annual Results
2025-01-16 11:45
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 Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-01-15 09:17
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. ...
All You Need to Know About First Horizon (FHN) Rating Upgrade to Strong Buy
ZACKS· 2025-01-13 18:01
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 ...
Best Value Stocks to Buy for January 13th
ZACKS· 2025-01-13 16:50
Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 13th: The Greenbrier Companies (GBX) : This company which, is a leading supplier of transportation equipment and services to the railroad and related industries, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days.The Greenbrier Companies has a price-to-earnings ratio (P/E) of 10.63 compared with 20 ...
Gear Up for First Horizon (FHN) Q4 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-01-13 15:16
Wall Street analysts expect First Horizon National (FHN) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 18.8%. Revenues are expected to be $822.47 million, up 2.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vit ...
First Horizon Surprises Four Families on ABC's "Extreme Makeover: Home Edition"
Prnewswire· 2025-01-10 21:58
The Memphis-based bank provides crucial resources to help families thrive. MEMPHIS, Tenn., Jan. 10, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) and its banking subsidiary First Horizon Bank ("First Horizon") are proud to participate in the highly anticipated reboot of ABC's "Extreme Makeover: Home Edition," which premiered just after the new year. This season, the bank will provide resources to each of the four families living in Houston, Orlando and Phoenix. These funds will help the familie ...
First Horizon Operations Earns 2024 Commitment Award from TNCPE
Prnewswire· 2024-12-23 21:01
Core Points - First Horizon Corporation has been awarded the 2024 Commitment Award by the Tennessee Center for Performance Excellence (TNCPE), recognizing its dedication to operational innovation and continuous improvement [1][5] - The TNCPE has assessed over 1,000 organizations since the early 1990s, helping them enhance processes and client relationships through the Baldrige Excellence Framework [2] - The recognition from TNCPE reflects First Horizon Bank's commitment to continuous improvement and exceptional service across its 12-state operations [3] Company Overview - First Horizon Corporation, with $82.6 billion in assets as of September 30, 2024, is a leading regional financial services company headquartered in Memphis, TN [6] - The company operates in 12 states in the southern U.S. and 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 [6] - 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 [6]