分组1 - First Horizon National (FHN) reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and up from $0.35 per share a year ago, representing a 5% earnings surprise [1] - The company posted revenues of $812 million for the quarter ended March 2025, which was a 0.76% miss compared to the Zacks Consensus Estimate, and down from $819 million year-over-year [2] - Over the last four quarters, First Horizon has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] 分组2 - First Horizon shares have declined approximately 12.8% since the beginning of the year, while the S&P 500 has decreased by 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $831.85 million, and for the current fiscal year, it is $1.69 on revenues of $3.35 billion [7] - The Zacks Industry Rank for Banks - Southwest, to which First Horizon belongs, is currently in the top 15% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - First Horizon reported net income available to common shareholders of $213 million, with an EPS of $0.41, a 41% increase from the prior quarter's EPS of $0.29[1] - Adjusted net income for the first quarter was $217 million or $0.42 per share, down from $228 million or $0.43 per share in the fourth quarter of 2024[1] - Total revenue for Q1 2025 was $812 million, reflecting an 11% increase from $729 million in Q4 2024[26] - Net income for Q1 2025 was $222 million, up 31% from $170 million in Q4 2024[26] - Diluted EPS for Q1 2025 was $0.41, representing a 41% increase compared to $0.29 in Q4 2024[26] - Adjusted net income available to common shareholders for Q1 2025 was $217 million, reflecting an 11% increase from $195 million in Q1 2024[28] - Adjusted diluted EPS for Q1 2025 was $0.42, a 20% increase from $0.35 in Q1 2024[28] Income and Expenses - Net interest income increased by $1 million to $634 million, with a net interest margin of 3.42%, up 9 basis points from the previous quarter[6] - Noninterest income rose by $82 million to $181 million, primarily due to the absence of a $91 million notable loss from the previous quarter's securities portfolio restructuring[7] - Noninterest expense decreased by $21 million to $488 million, with adjusted noninterest expense down $24 million to $482 million[8] - Total noninterest expense decreased to $488 million in Q1 2025, down 4% from $508 million in Q4 2024[26] - Adjusted total noninterest expense decreased by 5% to $482 million in Q1 2025, compared to $506 million in Q4 2024[28] Asset and Liability Management - Average loan and lease balances decreased by $773 million to $61.6 billion, while period-end balances were $62.2 billion, down $350 million from the fourth quarter[9] - Average deposits fell by $1.6 billion to $64.5 billion, with period-end deposits declining by $1.4 billion[10] - Total assets decreased by $660 million to $81.491 billion, a 1% decline from Q4 2024[37] - Total deposits fell by $1.373 billion to $64.208 billion, a 2% decrease compared to Q4 2024[37] - Loans and leases net of unearned income decreased by $350 million to $62.215 billion, a 1% decline from Q4 2024[37] Credit Quality - Provision expense for credit losses increased by $30 million to $40 million, with net charge-offs rising to $29 million, or 19 basis points[11] - Provision for credit losses increased to $40 million in Q1 2025, compared to $10 million in Q4 2024[26] - Total nonperforming loans and leases increased to $609 million in Q1 2025, up 1% from $602 million in Q4 2024 and up 21% from $505 million in Q1 2024[42] - The asset quality ratio for total nonperforming loans and leases to loans and leases was 0.98% in Q1 2025, compared to 0.96% in Q4 2024 and 0.82% in Q1 2024[42] - The allowance for loan and lease losses at the end of 1Q25 was $822 million, reflecting a 1% increase from $815 million in Q4 24[48] Capital and Ratios - The Common Equity Tier 1 (CET1) ratio was 10.9%, slightly down from the previous quarter, as $360 million of excess capital was returned to shareholders[12] - The effective tax rate for the first quarter was 22.0%, compared to 19.3% in the fourth quarter of 2024[13] - Return on average assets improved to 1.11%, a 29 basis point increase compared to Q4 2024 and a 14 basis point increase from Q1 2024[35] - Return on average common equity (ROCE) rose to 10.30%, up 292 basis points from Q4 2024 and 154 basis points from Q1 2024[35] - Adjusted ROTCE for Q1 2025 was 13.1%, slightly down from 13.3% in Q4 2024[28] Operational Efficiency - Adjusted efficiency ratio improved to 59.1% in Q1 2025, down from 60.8% in Q1 2024[28] - Efficiency ratio improved to 60.06%, down 192 basis points from Q4 2024[35] - The efficiency ratio (GAAP) improved to 60.06% in Q1 2025 from 61.98% in Q4 2024, indicating enhanced operational efficiency[69] - The adjusted efficiency ratio (Non-GAAP) improved to 59.09% in Q1 2025 from 61.43% in Q4 2024, indicating better cost management[69] Segment Performance - In the Wholesale segment, net interest income was $50 million in Q1 2025, down 8% from Q4 2024[56] - The net income for the Wholesale segment was $22 million in Q1 2025, a decrease of 17% from Q4 2024[56] - Net income for Q1 2025 was a loss of $69 million, an improvement of 52% compared to a loss of $143 million in Q4 2024[59] - Total revenues decreased by 30% to $(30) million in Q1 2025 from $(134) million in Q4 2024[59] - Noninterest income was $12 million, down from $75 million in Q4 2024, representing a decline of 84%[59]

Financial Performance - First Horizon Corporation reported a net income available to common shareholders of $213 million for Q1 2025, translating to earnings per share (EPS) of $0.41, an increase of $0.12 from the previous quarter [1] - Adjusted net income for Q1 2025 was $217 million or $0.42 per share, down $0.01 from the prior quarter's adjusted net income of $228 million or $0.43 per share [1][12] - Notable items reduced the first quarter results by $4 million after-tax, or $0.01 per share, compared to a reduction of $71 million or $0.13 per share in Q4 2024 [1] Company Strategy and Outlook - The company emphasizes a business model focused on safety, soundness, profitability, and growth, which positions it to manage uncertainties and adapt to economic changes [3] - First Horizon has a 161-year history of performance through diverse economic conditions, indicating its capability for sustainable growth and long-term stakeholder benefits [3] Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, operates as a leading regional financial services company headquartered in Memphis, TN [11] - The banking subsidiary, First Horizon Bank, provides a range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking across 12 states in the southern U.S. [11] - The company has received recognition as one of the nation's best employers and a Top 10 Most Reputable U.S. Bank [11]

Core Viewpoint - First Horizon National (FHN) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend of surpassing expectations in previous quarters [1]. Earnings Performance - First Horizon has consistently exceeded earnings estimates, with an average surprise of 11.84% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.43 per share against an expected $0.38, resulting in a surprise of 13.16% [2]. - For the previous quarter, First Horizon's actual earnings were $0.42 per share, surpassing the consensus estimate of $0.38, which led to a surprise of 10.53% [2]. Earnings Estimates and Predictions - Recent estimates for First Horizon have been revised upward, indicating growing analyst confidence in the company's near-term earnings potential [5]. - The Zacks Earnings ESP for First Horizon is currently +3.80%, suggesting a favorable outlook for an earnings beat [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high probability of another earnings surprise [5][8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].

MEMPHIS, Tenn., April 10, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN), with a proud legacy of growth and innovation, has been named one of America's Greatest Places to Work for Women in 2025, an honor that highlights the bank's commitment to expanding access for its associates. The recognition, awarded by Newsweek and in its third year, is based on an independent large-scale survey that includes information from interviews of more than 70,000 female workers and more than 1.4 million company r ...

First Horizon National (FHN) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 16, 2025, might help the stock move higher if these key numbers are better ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Core Viewpoint - LPL Financial Holdings Inc. has entered into an agreement with First Horizon Bank to enhance wealth management services by transitioning support for First Horizon Advisors to LPL's platform, expected to be completed in the second half of 2025, pending regulatory approval [1][3]. Company Overview - First Horizon Corporation, with $82.2 billion in assets as of December 31, 2024, operates in 12 states and offers a range of financial services including commercial, private banking, and wealth management [4]. - LPL Financial is a leading wealth management firm in the U.S., supporting over 29,000 financial advisors and managing approximately $1.7 trillion in assets for around 6 million clients [5]. Strategic Implications - The partnership aims to leverage LPL's operational support to enhance First Horizon Advisors' offerings, allowing advisors to focus on client relationships and investment strategies [3]. - The transition is anticipated to empower First Horizon Advisors to provide superior financial advice and improve their market positioning [3].

Core Points - First Horizon Corporation (NYSE: FHN) will announce its first quarter financial results on April 16, 2025 [1] - A live conference call and webcast presentation will take place on the same day at 9:30 am ET [1] - The company has $82.2 billion in assets as of December 31, 2024, and operates in 12 states across the southern U.S. [4] Financial Information - The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:30 am ET [1] - Individuals can join the conference call by dialing specific numbers based on their location [2] - A replay of the call will be available until midnight CT on April 30th [2] Company Overview - First Horizon Corporation is a leading regional financial services company offering a range of services including commercial, private banking, consumer, and mortgage banking [4] - The company has been recognized as one of the nation's best employers by Fortune and Forbes magazines [4] - First Horizon Bank is the banking subsidiary of First Horizon Corporation [4]

Core Insights - First Horizon National (FHN) shares have declined by 5.3% over the past week, but a hammer chart pattern suggests potential support and a trend reversal [1][2] - Wall Street analysts are increasingly optimistic about FHN's future earnings, which supports the likelihood of a trend reversal [2][6] Technical Analysis - A hammer chart pattern indicates a potential bottom in price, characterized by a small candle body and a long lower wick, suggesting that selling pressure may be exhausting [3][4] - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may be losing control, indicating a possible trend reversal [4] Fundamental Analysis - Recent upward revisions in earnings estimates for FHN serve as a bullish indicator, correlating strongly with near-term stock price movements [6] - The consensus EPS estimate for the current year has increased by 0.2% over the last 30 days, reflecting analysts' agreement on improved earnings potential [7] Zacks Rank - FHN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8] - The Zacks Rank serves as a timing indicator, suggesting that FHN's prospects are beginning to improve, reinforcing the potential for a turnaround [8]