secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000036966-24-000021
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 Q1 2024 EPS $0.33, adjusted $0.35; NIM expands 10 bps
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- GAAP diluted EPS $0.33 vs $0.31 QoQ; adjusted EPS $0.35, up 9% linked quarter.
- Net interest margin 3.37% (+10 bps) on improved loan and deposit repricing.
- Total revenue $819M (+2% QoQ); fee income $194M (+9%) driven by fixed income ADR $731k.
- Loans grew 1% to $61.8B; deposits stable at $65.7B; CET1 ratio 11.3%.
- Notable items: $10M FDIC special assessment, $5M restructuring; Series D preferred stock redemption on 5/1/24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696624000021/0000036966-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696624000021/fhn-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000036966-24-000021

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