earnings
confidence high
sentiment neutral
materiality 0.65
First Horizon posts Q2 adjusted EPS $0.36, up 2% QoQ; NIM expands 1bp
FIRST HORIZON CORP
2024-Q2 EPS reported
$0.67
revenue$1,634,000,000
- GAAP NIAC $184M flat QoQ, diluted EPS $0.34 vs $0.33 in 1Q24.
- Adjusted EPS $0.36, ROTCE 12.0% (+34bps QoQ); TBVPS $12.22, up $0.06.
- Total loans grew $1.0B (+2% QoQ) to $62.8B, led by mortgage companies and CRE.
- CET1 ratio 11.0% (-26bps); returned $212M to shareholders via buybacks and dividends.
- Net charge-offs $34M, stable at 0.22% annualized; ACL coverage 1.41%.