First Horizon Corp reports results for the quarter ended December 31 - Earnings Summary

First Horizon

16/01/2025 16:35

* First Horizon Corp  FHN.N  reported quarterly adjusted
earnings
of 43 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 39 cents
per share. Wall Street expected results to range from 35 cents
to 44 cents per share.
    * Revenue fell 17.6% to $659.00 million from a year ago;
analysts
expected $820.70 million. 
    * First Horizon Corp's reported EPS for the quarter was 29
cents​.
    * The company reported quarterly net income of $158 million.
    * First Horizon Corp shares had risen by 6.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First Horizon
Corp is $23.00 
This summary was machine generated from LSEG data January 16 at
04:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.39           0.43           Beat
 Sep. 30 2024      0.38           0.42           Beat
 Jun. 30 2024      0.37           0.36           Missed
 Mar. 31 2024      0.34           0.35           Beat