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Stock impact report

First Horizon Corporation's Momentum Continues with Strong First Quarter 2024 Results; Net Income Available to Common Shareholders of $184 Million or EPS of $0.33; $195 Million or $0.35 on...

First Horizon Corporation (FHN) 
Last first horizon corporation earnings: 4/21 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.fhnc.com
Company Research Source: Yahoo! Finance
April 17, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today reported first quarter net income available to common shareholders of $184 million or earnings per share of , compared with fourth quarter 2023 NIAC of $175 million or earnings per share of . First quarter 2024 results were reduced by a net $12 million after-tax or per share of notable items compared with $3 million or per share in fourth quarter 2023. Excluding notable items, adjusted first quarter 2024 NIAC of $195 million or per share increased from $178 million or per share in fourth quarter 2023. "We reported a strong quarter with 10% growth in adjusted net income available to common shareholders from the fourth quarter. We achieved positive operating leverage versus the prior quarter, as revenue increased and expenses declined. Revenue growth was driven by margin expansion in the core banking franchise, as well as significant improvement in our counter-cyclical businesses," said Chair Show less Read more
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