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First Horizon(FHN) - 2024 Q1 - Earnings Call Transcript
2024-04-17 18:07
First Horizon Corporation (NYSE:FHN) Q1 2024 Earnings Conference Call April 17, 2024 9:30 AM ET Company Participants Natalie Flanders - Head, IR Bryan Jordan - Chairman, President and CEO Hope Dmuchowski - CFO Susan Springfield - Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Michael Rose - Raymond James Jon Arfstrom - RBC Casey Haire - Jefferies Jared Shaw - Barclays Chris McGratty - KBW Steven Alexopoulos - JPMorgan Timur Braziler - Wells Fargo Ben Gerlinger - Citi C ...
First Horizon (FHN) Reports Q1 Earnings: What Key Metrics Have to Say (Revised)
Zacks Investment Research· 2024-04-17 16:50
First Horizon National (FHN) reported $819 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.7%. EPS of $0.35 for the same period compares to $0.46 a year ago.The reported revenue represents a surprise of +1.37% over the Zacks Consensus Estimate of $807.94 million. With the consensus EPS estimate being $0.34, the EPS surprise was +2.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...
First Horizon (FHN) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-17 14:31
First Horizon National (FHN) reported $819 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.7%. EPS of $0.35 for the same period compares to $0.46 a year ago.The reported revenue represents a surprise of +1.37% over the Zacks Consensus Estimate of $807.94 million. With the consensus EPS estimate being $0.34, the EPS surprise was +2.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...
First Horizon National (FHN) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-17 12:46
First Horizon National (FHN) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this bank holding company would post earnings of $0.31 per share when it actually produced earnings of $0.32, delivering a surprise of 3.23%.Over the last four quart ...
First Horizon(FHN) - 2024 Q1 - Quarterly Results
2024-04-17 10:32
First Horizon Corporation's Momentum Continues with Strong First Quarter 2024 Results Net Income Available to Common Shareholders of $184 Million or EPS of $0.33; $195 Million or $0.35 on an Adjusted Basis - up 9% Over Prior Quarter* 1Q24 ROTCE of 11.0% and Adjusted ROTCE of 11.6% with Tangible Book Value per Share of $12.16, up $0.03 QoQ* MEMPHIS, TN (April 17, 2024) – First Horizon Corporation (NYSE: FHN or "First Horizon") today reported first quarter net income available to common shareholders of $184 m ...
Vernon Stafford and Tanya Hart recognized in Savoy Magazine's 2024 Most Influential Executives in Corporate America
Prnewswire· 2024-04-16 14:00
MEMPHIS, Tenn., April 16, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced that two executives, Vernon Stafford and Tanya Hart, were recognized by Savoy Magazine as 2024 Most Influential Executives in Corporate America. These diverse executives were selected as role models that are making a positive impact and effectively developing our future leaders. This distinctive honor was very competitive within their organizations and within the corporate world. Vernon Staffor ...
First Horizon Corporation Names Thomas Hung Chief Credit Officer, Susan Springfield Announces Retirement
Prnewswire· 2024-04-15 20:31
MEMPHIS, Tenn., April 15, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today announced that Thomas Hung, Executive Vice President, Head of Franchise Finance, will be named Senior Executive Vice President, Chief Credit Officer, effective October 1, 2024. Hung will succeed Susan Springfield, Senior Executive Vice President, Chief Credit Officer, who has served in this role since 2013. Starting April 15, 2024, Hung will serve as Deputy Chief Credit Officer to begin the successi ...
Tracy Bell named Chief Investment Officer of First Horizon Advisors Inc.
Prnewswire· 2024-04-11 13:00
MEMPHIS, Tenn., April 11, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") is pleased to announce that Tracy Bell has been promoted to the Chief Investment Officer of First Horizon Advisors Inc., the Wealth Management subsidiary of First Horizon. Tracy Bell is named Chief Investment Officer of First Horizon Advisors Inc., the Wealth Management subsidiary of First Horizon. In this role, Bell will lead the First Horizon Advisors investment team in addition to the bank's Women ...
Analysts Estimate First Horizon National (FHN) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-10 15:06
The market expects First Horizon National (FHN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...
Martin de Laureal Named President of First Horizon Advisors, Inc. and Head of Private Banking of First Horizon Bank
Prnewswire· 2024-04-10 14:57
MEMPHIS, Tenn., April 10, 2024 /PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced today the naming of Martin de Laureal as President of First Horizon Advisors, Inc. the Wealth Management subsidiary of First Horizon, and head of Private Banking for the company.  Martin de Laureal named as President of First Horizon Advisors, Inc. the Wealth Management subsidiary of First Horizon, and head of Private Banking for the company. In his new role, de Laureal's responsibilities i ...