secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0000036966-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon Q1 adjusted EPS $0.45; TD merger delay beyond May 27
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000033/0000036966-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000033/fhn-20230418.htm
  HTML page:      https://secwatch.observer/filing/0000036966-23-000033

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