secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0000036966-24-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon Q3 adjusted EPS $0.42, up 17% QoQ; ROTCE 13.2%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696624000090/0000036966-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696624000090/fhn-20241016.htm
  HTML page:      https://secwatch.observer/filing/0000036966-24-000090

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