First Horizon Corporation (FHN)
First Horizon Stock Up on Q3 Earnings Beat, NII & Fee Income Rise Y/Y
FHN's Q3 2024 earnings benefit from a rise in NII and fee income, alongside deposit growth. Yet, rising costs and declining loan balances remain concerns.
First Horizon Corporation (FHN) Q3 2024 Earnings Call Transcript
First Horizon Corporation (NYSE:FHN ) Q3 2024 Earnings Conference Call October 16, 2024 9:30 AM ET Company Participants Natalie Flanders - Head, Investor Relations Bryan Jordan - Chairman, President and Chief Executive Officer Hope Dmuchowski - Chief Financial Officer Thomas Hung - Deputy Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Michael Rose - Raymond James Jon Arfstrom - RBC Capital Jared Shaw - Barclays Capital Samuel Varga - UBS Chris McGratty - KBW Timur Braziler - Wells Fargo Christopher Marinac - J. Montgomery Scott Operator Good morning all and thank you for joining us for the First Horizon Third Quarter 2024 Earnings Conference Call.
Here's What Key Metrics Tell Us About First Horizon (FHN) Q3 Earnings
Although the revenue and EPS for First Horizon (FHN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Horizon National (FHN) Tops Q3 Earnings and Revenue Estimates
First Horizon National (FHN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.27 per share a year ago.
First Horizon (FHN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Besides Wall Street's top -and-bottom-line estimates for First Horizon (FHN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
First Horizon: A Double Downgrade Is In Order
First Horizon's stock surged 53.6% in the past year, but recent financial metrics show declining deposits, increased debt, and lower revenue and profits. The bank's uninsured deposit exposure is now 41%, significantly above the preferred 30% threshold, raising concerns about its financial stability. Despite some positive trends like rising loans and cash equivalents, the overall balance sheet and income statement reveal weakening fundamentals.
First Horizon National (FHN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
First Horizon (FHN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here's Why First Horizon National (FHN) is a Strong Value Stock
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First Horizon Needs To Transition From Stabilization To Growth
First Horizon has been challenged over the past year not only by higher deposit costs and weakening loan demand, but also the need to regrow deposits after Toronto-Dominion walked away. Q2 earnings missed expectations by a marginal amount, but the Street didn't like the weaker net interest income guide, as "higher for longer" continues to hit First Horizon's profitability. There are concerns that FHN has been caught by competitors and is underperforming its core markets, but I believe the post-deal rebuild has been masking the true long-term growth potential.
First Horizon National (FHN) is a Top-Ranked Momentum Stock: Should You Buy?
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First Horizon (FHN) Q2 Earnings Lag Estimates, Stock Down 5.8%
First Horizon's (FHN) second-quarter earnings lag estimates, given a fall in NII and non-interest income alongside higher provisions. Nevertheless, lower expenses and a rise in loans remain positives.
First Horizon Corporation (FHN) Q2 2024 Earnings Call Transcript
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 - KBW Casey Haire - Jefferies Ben Gerlinger - Citigroup Samuel Varga - UBS Christopher Marinac - Janney Montgomery Scott John Rauh - Barclays Operator Good afternoon all. Thank you for joining us for the First Horizon Second Quarter 2024 Earnings Conference Call.
