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FHN — First Horizon News Story

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U.S. regional bank First Horizon beats Q3 adjusted profit estimates

Overview

First Horizon reports Q3 adjusted EPS of $0.51, beats analyst expectations, per LSEG data

Adjusted net income for Q3 was $263 mln, surpassing analyst estimates

Net income available to common shareholders rose to $254 mln in Q3

Result Drivers

STRATEGIC EXECUTION - CEO Bryan Jordan attributes strong Q3 results to disciplined execution of strategy and expertise of associates

CREDIT QUALITY - Co cites strong credit quality driven by prudent risk management as a strength in Q3

TECHNOLOGY AND PARTNERSHIPS - Continued investments in technology and community partnerships support solid performance and long-term growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 ADJUSTED EPSBeat$0.51$0.44 (18 Analysts)
Q3 EPS$0.50
Q3 ADJUSTED NET INCOMEBeat$263 mln$226.26 mln (14 Analysts)
Q3 Net Income$254 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for First Horizon Corp is $25.00, about 7.9% above its October 14 closing price of $23.02 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: ID:nPn1CVwmDa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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