"First Horizon is honored to be recognized as a top performing company in America," said Bryan Jordan, Chairman, President and CEO of First Horizon. "This achievement recognizes the dedication of our team and our unwavering commitment to our associates, clients, communities and shareholders." First Horizon Corp. (NYSE: FHN), with $82.2 billion in assets as of June 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potent ...

Cash dividends were also declared on the Company's Series C, Series E and Series F Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows: Quarterly cash dividend of $165.00 per share on FHN's 6.60% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C ("Series C Preferred Stock"). This equates to a cash dividend of $0.4125 per Depositary Share (NYSE: FHN PRC), which each represent a 1/400th interest in a share of the Series C Preferred Stock ...

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 ...

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 ...

($s in millions) 2Q24 1Q24 2Q24 vs. 1Q24 2Q24 1Q24 2Q24 vs. 1Q24 Total Loans (GAAP) $ 62,781 $ 61,753 $ 1,028 2 % $ 62,029 $ 61,152 $ 876 1 % Total Loans excl. LMC (Non-GAAP) 59,847 59,387 460 1 % 59,589 59,305 284 — % 27 (a) Adjusted for notable items as detailed on page 24 (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not foot due to rounding Reconciliation to GAAP financials Period-end Average 8 Deposits trending in line with the industry1 while DDA remains stable 9 ...

Start Time: 09:30 January 1, 0000 10:27 AM ET First Horizon Corporation (NYSE:FHN) Q2 2024 Earnings Conference Call July 17, 2024, 09:30 AM ET Company Participants Bryan Jordan - Chairman, President and CEO Hope Dmuchowski - CFO Susan Springfield - Chief Credit Officer Thomas Hung - Deputy Chief Credit Officer Natalie Flanders - Head, IR Conference Call Participants Jon Arfstrom - RBC Capital Markets Michael Rose - Raymond James Anthony Elian - JPMorgan Ebrahim Poonawala - Bank of America Chris McGratty - K ...

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 ...

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First Horizon National (FHN) reported $815 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 21%. EPS of $0.36 for the same period compares to $0.39 a year ago. The reported revenue represents a surprise of -0.59% over the Zacks Consensus Estimate of $819.82 million. With the consensus EPS estimate being $0.37, the EPS surprise was -2.70%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers a ...

First Horizon National (FHN) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this bank holding company would post earnings of $0.34 per share when it actually produced earnings of $0.35, delivering a surprise of 2.94%. Over the last four qu ...