earnings
confidence high
sentiment neutral
materiality 0.80
First Horizon Q1 adjusted EPS $0.45; TD merger delay beyond May 27
FIRST HORIZON CORP
2023-Q1 EPS reported
$0.43
- Adjusted EPS $0.45, adjusted PPNR $406M, adjusted ROTCE 18.6%.
- GAAP NIAC $243M ($0.43 EPS); NIM 3.87%, down 2 bps QoQ.
- Average deposits $62.2B, down 4% QoQ; 55% FDIC-insured.
- CET1 ratio 10.4%; CET1 net of AFS losses 9.0% above 7% threshold.
- TD informed FHN regulatory approvals unlikely by May 27 outside date; no new timeline.