---
schema_version: "secwatch.filing_event.v1"
accession: "0000036966-23-000108"
form_type: "8-K"
ticker: "FHN"
cik: "0000036966"
company_name: "FIRST HORIZON CORP"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:07:11.036206+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Horizon Q3 adjusted EPS $0.27, down 31% QoQ; $72M charge-off hits credit

## Summary
- GAAP diluted EPS $0.23; adjusted EPS $0.27 vs $0.39 in 2Q23.
- Net interest income (FTE) $609M, down 4% QoQ; NIM 3.17%, -21bps.
- Provision $110M includes $72M idiosyncratic C&I charge-off; ACL coverage 1.36%.
- Period-end deposits $67.0B (+2% QoQ); loans $61.8B (+1% period-end).
- CET1 ratio 11.1%; TBV per share $11.22.

## SEC filing metadata
- accession: 0000036966-23-000108
- form_type: 8-K
- ticker: FHN
- cik: 0000036966
- company_name: FIRST HORIZON CORP
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36966/000003696623000108/0000036966-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36966/000003696623000108/fhn-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036966-23-000108
- JSON: https://secwatch.observer/filing/0000036966-23-000108.json
- Plain text: https://secwatch.observer/filing/0000036966-23-000108.txt

## Key facts
- Earnings Releases
  FIRST HORIZON CORP reported 3Q23 results: revenue 778, net income 129, EPS 0.23.
  - Period: 3Q23
  - Revenue: 778
  - Net income: 129
  - EPS: 0.23
  - Result: reported results
  source text: Reported Results 3Q23 Change vs. 3Q23 2Q23 1Q23 4Q22 3Q22 2Q23 3Q22 Net interest income $ 605 $ 631 $ 688 $ 709 $ 662 $ (26) (4) % $ (57) (9) % Fee income 173 400 171 174 213 (227) (57) % (40) (19) % Total revenue 778 1,031 859 882 875 (253) (25) % (97) (11) % Expense 474 555 478 503 468 (81) (15) % 6 1 % Pre-provision net revenue (PPNR) 304 475 381 379 406 (171) (36) % (102) (25) % Provision for credit losses 110 50 50 45 60 60 120 % 50 83 % Pre-tax income 194 425 331 334 346 (231) (54) % (152) (44) % Income tax expense 52 96 75 64 78 (44) (46) % (26) (33) % Net income 142 329 256 270 268 (187) (57) % (126) (47) % Non-controlling interest 5 5 4 4 3 — — % 2 67 % Preferred dividends 8 8 8 8 8 — — % — — % Net income available to common shareholders (NIAC) $ 129 $ 317 $ 243 $ 258 $ 257 $ (188) (59) % $ (128) (50) % Diluted EPS $ 0.23 $ 0.56 $ 0.43 $ 0.45 $ 0.45 $ (0.33) (59) % $ (0.22) (49) % Average diluted shares outstanding2 561 561 572 572 570 — — % (9) (2) % ROCE 6.3 % 16.4 % 13.3 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/36966/000003696623000108/0000036966-23-000108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.