First Horizon Needs To Transition From Stabilization To Growth

The Outlook I 40 Antary H I 1 I A Slight Miss In Q2, With Weaker Guidance For The Second Half Non-performing loan balances continue to track higher (up 43% yoy and 14% qoq), with the non-performing loan ratio up another 9bp qoq to 0.91%. Charge-offs are more stable, with 0.22% this quarter versus 0.16% a year ago and 0.27% in the prior quarter. I'm not overly concerned about credit at this point. None of First Horizon's ratios seem far out of line with peers, and it is to be expected that non-performing loa ...