secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2022-10-18T23:59:59+00:00
Accession:  0000036966-22-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon Q3 2022 EPS $0.45; total revenue up 18% QoQ; PPNR $406M
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- GAAP diluted EPS $0.45 vs $0.29 in 2Q22; adjusted EPS $0.44 vs $0.34.
- Total revenue $875M GAAP (+18% QoQ); adjusted revenue $846M (+15% QoQ).
- Pre-provision net revenue $406M GAAP (+59% QoQ); adjusted PPNR $403M (+37%).
- Provision for credit losses $60M (vs $30M in 2Q22) driven by loan growth, macro outlook, and Hurricane Ian.
- IBKC merger delivered $184M annualized net cost saves in 3Q22; targeting ~$200M by 4Q22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696622000065/0000036966-22-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696622000065/fhn-20221018.htm
  HTML page:      https://secwatch.observer/filing/0000036966-22-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer