First Horizon (FHN) Q1 Earnings Beat Estimates, Stock Rises

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 ...