First Horizon(FHN)
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Best Income Stocks to Buy for April 22nd
Zacks Investment Research· 2024-04-22 10:36
Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 22nd:Fortescue Ltd (FSUGY) : This global metal mining and green energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.8% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 8.7%, compared with the industry average of 0.0%.First Horizon Corporation (FHN) : This bank holding company for First Horizon Bank has witnessed the Zacks Conse ...
First Horizon (FHN) Upgraded to Buy: Here's What You Should Know
Zacks Investment Research· 2024-04-19 17:01
First Horizon National (FHN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- 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.Individual investors ...
First Horizon (FHN) Q1 Earnings Beat Estimates, Stock Rises (Revised)
Zacks Investment Research· 2024-04-18 16:26
First Horizon Corporation’s (FHN) first-quarter 2024 adjusted earnings per share (excluding notable items) of 35 cents surpassed the Zacks Consensus Estimate by a penny. However, the figure declined 22.2% year over year.Investors have been bullish on the stock, as the share price gained 1.9% in yesterday’s trading session on higher fee income. However, a fall in net interest income (NII) and loan balances, coupled with a rise in operating expenses, was an undermining factor.Net income available to common sh ...
First Horizon (FHN) Q1 Earnings Beat Estimates, Stock Rises
Zacks Investment Research· 2024-04-18 13:36
First Horizon Corporation’s (FHN) first-quarter 2024 adjusted earnings per share (excluding notable items) of 35 cents surpassed the Zacks Consensus Estimate by a penny. However, the figure declined 22.2% year over year.Investors have been bullish on the stock, as the share price gained 1.9% in yesterday’s trading session on higher fee income. However, a fall in net interest income (NII) and loan balances, coupled with a rise in operating expenses, was an undermining factor.Net income available to common sh ...
First Horizon(FHN) - 2024 Q1 - Earnings Call Transcript
2024-04-17 18:07
In March, we celebrated our 160th year in business and took the opportunity to celebrate the strength and resiliency of our company, which has been driven by a dedicated and talented associate base. In honor of our 160th anniversary, we recently announced our Grants for Good Campaign, which will award $1.6 million in grants to non-profit organizations within our 12-state footprint. We believe that the communities where we do business are the foundation of First Horizon's long record of success and we are pr ...
First Horizon (FHN) Reports Q1 Earnings: What Key Metrics Have to Say (Revised)
Zacks Investment Research· 2024-04-17 16:50
First Horizon National (FHN) reported $819 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.7%. EPS of $0.35 for the same period compares to $0.46 a year ago.The reported revenue represents a surprise of +1.37% over the Zacks Consensus Estimate of $807.94 million. With the consensus EPS estimate being $0.34, the EPS surprise was +2.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...
First Horizon (FHN) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-17 14:31
First Horizon National (FHN) reported $819 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.7%. EPS of $0.35 for the same period compares to $0.46 a year ago.The reported revenue represents a surprise of +1.37% over the Zacks Consensus Estimate of $807.94 million. With the consensus EPS estimate being $0.34, the EPS surprise was +2.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...
First Horizon National (FHN) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-17 12:46
First Horizon National (FHN) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this bank holding company would post earnings of $0.31 per share when it actually produced earnings of $0.32, delivering a surprise of 3.23%.Over the last four quart ...
First Horizon(FHN) - 2024 Q1 - Quarterly Results
2024-04-17 10:32
First Horizon Corporation's Momentum Continues with Strong First Quarter 2024 Results Net Income Available to Common Shareholders of $184 Million or EPS of $0.33; $195 Million or $0.35 on an Adjusted Basis - up 9% Over Prior Quarter* 1Q24 ROTCE of 11.0% and Adjusted ROTCE of 11.6% with Tangible Book Value per Share of $12.16, up $0.03 QoQ* MEMPHIS, TN (April 17, 2024) – First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported first quarter net income available to common shareholders of $184 m ...
Vernon Stafford and Tanya Hart recognized in Savoy Magazine's 2024 Most Influential Executives in Corporate America
Prnewswire· 2024-04-16 14:00
MEMPHIS, Tenn., April 16, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced that two executives, Vernon Stafford and Tanya Hart, were recognized by Savoy Magazine as 2024 Most Influential Executives in Corporate America. These diverse executives were selected as role models that are making a positive impact and effectively developing our future leaders. This distinctive honor was very competitive within their organizations and within the corporate world. Vernon Staffor ...