First Horizon (FHN) Q1 Earnings Beat Estimates, Stock Rises [Yahoo! Finance]
First Horizon Corporation (FHN)
Last first horizon corporation earnings: 4/21 06:30 am
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US:NYSE Investor Relations:
ir.fhnc.com
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Source: Yahoo! Finance
However, the figure declined 22.2% year over year. Investors have been bullish on the stock, as the share price gained 1.9% in yesterday's trading session on higher fee income. However, a fall in net interest income (NII) and loan balances, coupled with a rise in operating expenses, was an undermining factor. Net income available to common shareholders was $184 million, down 24.3% year over year. Revenues Fall and Expenses Rise Total revenues were $819 million, down 4.7% year over year. However, the top line surpassed the Zacks Consensus Estimate of $807.9 million. NII declined 9.2% year over year to $625 million. Also, the net interest margin shrunk 51 basis points to 3.37%. Non-interest income totaled $194 million, which increased 13.5% from the year-ago level. Non-interest expenses rose 7.7% year over year to $515 million. The efficiency ratio was 62.92%, up from the year-ago period's 55.67%. A rise in the efficiency ratio indicates a fall in profitability. Total
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News
- TD Takes $450 Million Provision in US Money-Laundering Probe [Yahoo! Finance Canada]Yahoo! Finance Canada
- TD Takes $450 Million Provision in US Money-Laundering Probe [BNN Bloomberg (Canada)]BNN Bloomberg
- First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15 [Yahoo! Finance]Yahoo! Finance
- First Horizon Declares Cash Dividends on Common and Preferred StockPR Newswire
- Best Value Stocks to Buy for April 22nd [Yahoo! Finance]Yahoo! Finance
FHN
Earnings
- 4/17/24 - Beat
FHN
Sec Filings
- 5/1/24 - Form 25-NSE
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- FHN's page on the SEC website