secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0000036966-22-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon Q2 2022 EPS $0.29 GAAP, $0.34 adj; NII up 13% QoQ, fee income down
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- GAAP diluted EPS $0.29, adjusted EPS $0.34; net income available to common $166M.
- Net interest income $542M (+13% QoQ); core NII up 15% on loan growth and higher rates.
- Fee income $201M (-12% QoQ); adjusted fee income down 16% on fixed income and deferred comp.
- Provision for credit losses $30M vs $40M benefit in 1Q22; net charge-offs 9 bps remain low.
- IBKC merger achieved $140M annualized net cost saves; TD transaction public meeting set Aug 18, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696622000045/0000036966-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696622000045/fhn-20220719.htm
  HTML page:      https://secwatch.observer/filing/0000036966-22-000045

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