---
schema_version: "secwatch.filing_event.v1"
accession: "0000036966-22-000023"
form_type: "8-K"
ticker: "FHN"
cik: "0000036966"
company_name: "FIRST HORIZON CORP"
filed_at: "2022-04-19T23:59:59+00:00"
generated_at: "2026-06-26T06:39:58.038358+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Horizon Q1 GAAP EPS $0.34 vs $0.40; revenue $707M, down 5% QoQ

## Summary
- GAAP diluted EPS $0.34 vs $0.40 in Q4 2021; adjusted EPS $0.38. Revenue $707M, down 5% QoQ.
- Core NII ex day count up 1%, driven by 4% C&I loan growth ex PPP/LMC; NIM 2.37%, down 5 bps.
- Provision credit of $40M (negative provision) due to reduced COVID-19 impacts, partially offset by slower growth forecast.
- Tangible book value fell $0.54 to $10.46, driven by $0.76 MTM loss on securities portfolio in OCI.
- IBKC merger conversion complete; targeting ~$200M annualized net cost saves by 4Q22; $116M achieved.

## SEC filing metadata
- accession: 0000036966-22-000023
- form_type: 8-K
- ticker: FHN
- cik: 0000036966
- company_name: FIRST HORIZON CORP
- filed_at: 2022-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36966/000003696622000023/0000036966-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36966/000003696622000023/fhn-20220419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036966-22-000023
- JSON: https://secwatch.observer/filing/0000036966-22-000023.json
- Plain text: https://secwatch.observer/filing/0000036966-22-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.