First Horizon (FHN) Q2 Earnings Lag Estimates, Stock Down 5.8%

The efficiency ratio was 61.44%, up from the year-ago period's 53.89%. A rise in the efficiency ratio indicates a fall in profitability. WaFd, Inc.'s (WAFD) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially. Net income available to its common shareholders was $184 million, down 42% year over year. Capital Ratios Improve Shares of First Horizon Corporation (FHN) lost 5.8% fo ...