earnings
confidence high
sentiment positive
materiality 0.75
First Horizon Q3 adjusted EPS $0.42, up 17% QoQ; ROTCE 13.2%
FIRST HORIZON CORP
2024-Q3 EPS reported
$1.06
revenue$2,462,000,000
- Adjusted EPS $0.42 vs $0.36 in 2Q24; GAAP EPS $0.40; NIAC $224M adjusted.
- NII stable at $631M (FTE); NIM 3.31% down 7bps; fee income up 8% to $200M.
- Deposits up 3% to $66.6B; client balances grew ~$1B; loan-to-deposit ratio improved to 94%.
- Provision for credit losses fell 36% to $35M; net charge-offs $24M, down 29% QoQ.
- Returned $75M to shareholders via buybacks; CET1 ratio 11.2%; TBV per share $13.02.