secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000036966-23-000082
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000082/0000036966-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000082/fhn-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000036966-23-000082

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