Shares of First Horizon Corp. (FHN) slipped in intraday trading Wednesday after the regional bank reported second-quarter results lower than analysts expected as lower net interest income (NII) hit its profits.
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While the top- and bottom-line numbers for First Horizon (FHN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.
First Horizon (FHN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Get a deeper insight into the potential performance of First Horizon (FHN) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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 at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- First Horizon (FHN) is well-poised to gain from higher interest rates, robust loan and deposit balance and a solid balance sheet position.
JHG, FHN and IHG made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 5, 2024.
First Horizon (FHN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
First Horizon, a Tennessee-based bank, has 160 years of experience and is well-equipped to handle the current macroeconomic environment. Net interest income is recovering strongly, and guidance for 2024 is positive, indicating potential growth for the bank. The bank's assets are repricing favorably, and the cost of deposits has stabilized, leading to improved profitability and potential for shareholder remuneration.