Here's What Key Metrics Tell Us About First Horizon (FHN) Q4 Earnings

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]