First Horizon Stock Slides as Regional Bank Lowers Outlook, Earnings Miss

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 ...