earnings
confidence high
sentiment neutral
materiality 0.75
First Horizon Q4 2023 GAAP EPS $0.31, adjusted EPS $0.32; net income $188M
FIRST HORIZON CORP
2023-FY EPS reported
$1.54
revenue$3,467,000,000
- GAAP net income $188M; diluted EPS $0.31 vs $0.23 prior quarter, $0.45 year ago.
- Adjusted EPS $0.32; adjusted ROTCE 11.1%; NIM expanded 10bps to 3.27%.
- Period-end loans $61.3B, down 1% QoQ; deposits $65.8B, down 2% QoQ.
- CET1 ratio improved to 11.4% from 11.1%; TBVPS $12.13, up 8% QoQ.
- Notable items: $68M FDIC special assessment; $48M discrete tax benefit.