secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000036966-24-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon posts Q2 adjusted EPS $0.36, up 2% QoQ; NIM expands 1bp
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696624000073/0000036966-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696624000073/fhn-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000036966-24-000073

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