First Horizon Q2 GAAP EPS $0.56, adj. $0.39; deposit growth 6%; NIM 3.38%

FIRST HORIZON CORP

2023-Q2 EPS reported $1.00 revenue$9,000,000

GAAP net income $317M ($0.56 EPS) vs $243M in Q1; adjusted EPS $0.39.
Period-end deposits rose 6% QoQ to $65.4B; average loans up 3% to $59.9B.
NIM 3.38% (down 50bps QoQ); NII (FTE) $635M (-8% QoQ).
Notable items: $225M gain on TD termination, $50M foundation contribution; net $0.17/sh.
CET1 ratio 11.1% (+72bps QoQ); TBV per share $11.50 (+6%).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST HORIZON CORP reported 2Q23 results: revenue 1031, net income 329, EPS 0.56.

Period: 2Q23
Revenue: 1031
Net income: 329
EPS: 0.56
Result: reported results

Exact text from the filing

4Q22 3Q22 2Q22 1Q23 2Q22 $/bps % $/bps % Net interest income $ 631 $ 688 $ 709 $ 662 $ 542 $ (57) (8) % $ 89 16 % Fee income 400 171 174 213 201 229 134 % 199 99 % Total revenue 1,031 859 882 875 743 172 20 % 288 39 % Expense 555 478 503 468 489 77 16 % 66 13 % Pre-provision net revenue (PPNR) 475 381 379 406 255 94 25 % 220 86 % Provision for credit losses 50

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST HORIZON CORP filing history →

Source: SEC EDGAR

accession 0000036966-23-000082

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