Shares of First Horizon (NYSE: FHN ) have been a strong performer over the past year, gaining over 66% as the company has recovered strongly from the early 2023 regional banking crisis. I last covered First Horizon in Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! Analyst's Disclosu ...

Shares of First Horizon Corporation (FHN) gained more than 4% following the release of its better-thanexpected third-quarter 2024 results. The company's third-quarter adjusted earnings per share (excluding notable items) of 42 cents surpassed the Zacks Consensus Estimate of 38 cents. Moreover, the figure increased 55.6% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from a rise in net interest income (NII) and non-interest income. Also, an increas ...

财务数据和关键指标变化 - 公司实现了调整后每股收益0.42美元,较上一季度增加0.06美元 [7][8] - 拨备前净收入增加1100万美元,调整后净资产收益率提升至13.2% [7][8] - 净息差压缩7个基点至3.31%,贷款收益率上升3个基点 [13] - 期末存款余额增长3%,新增近10亿美元客户存款 [14][29] - 存款成本上升,平均计息存款成本从3.35%上升至3.44% [14][15] 各条业务线数据和关键指标变化 - 贷款平均余额增长1%,主要受季节性因素和抵押贷款公司贷款增加推动 [16] - 公司出售了约3.4亿美元的医疗保健贷款组合,退出了该垂直领域 [16] - 固定收益业务平均每日收入增长22%,带动非利息收入增加1100万美元 [17] 各个市场数据和关键指标变化 - 公司在北卡罗来纳州和田纳西州的大部分银行网点已恢复运营,佛罗里达州正处于恢复初期 [6] - 公司宣布了对受灾社区的财务承诺,将继续参与重建工作 [6] 公司战略和发展方向及行业竞争 - 公司保持了多元化的业务模式,在经济环境不确定的情况下保持了良好的业绩 [7][9] - 公司将继续优化运营效率,投资于技术能力建设,以提升客户体验 [19][24] - 公司对未来保持乐观,相信能够在任何经济环境下持续为股东创造价值 [9][24] 管理层对经营环境和未来前景的评论 - 管理层对经济前景存在一定不确定性,但对公司的长期发展前景保持乐观 [42][44][65] - 公司将继续关注客户关系的发展和存款的增长,同时密切关注利率变化对收益的影响 [31][32][36] 其他重要信息 - 公司在第三季度回购了7500万美元的股票,全年累计回购超过4.4亿美元 [9] - 公司第三季度的信贷质量保持良好,净核销率为15个基点,拨备覆盖率上升至1.44% [20] 问答环节重要的提问和回答 问题1 **Ebrahim Poonawala 提问** 询问固定收益业务的上限以及存贷比的管理 [27][29] **Hope Dmuchowski 回答** 表示固定收益业务有进一步上升空间,存贷比是关注客户关系发展而非存贷比本身 [28][30][31] 问题2 **Michael Rose 提问** 询问净息差的走势及PPNR的增长预期 [34][39] **Hope Dmuchowski 和 Bryan Jordan 回答** 表示净息差短期内可能有所波动,但公司整体收益有望实现增长 [35][36][38] 问题3 **Jon Arfstrom 提问** 询问贷款增长的预期 [41][42] **Bryan Jordan 回答** 表示贷款增长受多方面因素影响,公司保持乐观态度并将继续支持客户需求 [42][43]

For the quarter ended September 2024, First Horizon National (FHN) reported revenue of $828 million, up 6.4% over the same period last year. EPS came in at $0.42, compared to $0.27 in the year-ago quarter. The reported revenue represents a surprise of +0.78% over the Zacks Consensus Estimate of $821.63 million. With the consensus EPS estimate being $0.38, the EPS surprise was +10.53%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

业绩总结 - 调整后每股收益为0.42美元，较2Q24的0.36美元增长，调整后ROCE为13.2%，提高了125个基点[1][7] - 调整后每股有形账面价值从0.81美元增至13.02美元[2][9] - 净利息收入相对上一季度下降了2百万美元，调整后费用减少了1百万美元[3][9] - 3Q24净利息收入(FTE)为631百万美元，较2Q24下降2美元，较3Q23增加22美元[4][10] - 3Q24手续费收入为2亿美元，较2Q24增加14美元，较3Q23增加27美元[5][10] 未来展望 - 全年2024展望中，预计总收入将保持平稳至增长2%[6][25] 新产品和新技术研发 - 公司专注于提供增强股东价值的战略重点[7][26] 市场扩张和并购 - 公司具有多元化的业务模式和高度吸引力的地理覆盖，有机会通过各种经济周期实现超额表现[8][26] 负面信息 - 3Q24净核销为2400万美元，核销率为0.15%[9][21] 其他新策略和有价值的信息 - 公司的C&I组合和房地产抵押消费者组合具有高信用质量和多样化[10][44]

First Horizon National (FHN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this bank holding company would post earnings of $0.37 per share when it actually produced earnings of $0.36, delivering a surprise of -2.70%. Over the last four q ...

财务业绩 - 第三季度净收入可供普通股股东的213百万美元或每股0.40美元，较上一季度增长18%[1][2] - 调整后的第三季度净收入可供普通股股东为224百万美元或每股0.42美元，较上一季度增长15%[1][2] - 第三季度ROTCE为12.6%，调整后ROTCE为13.2%，有形净值每股13.02美元，较上一季度增加0.81美元[1][3] - 第三季度税前利润为2.81亿美元，同比增长45%[24] - 第三季度基本每股收益为0.40美元，同比增长73%[24] - 调整后的每股摊薄收益为0.42美元，较上一季度增加17%[26] - 调整后的有效税率为20.8%[26] 收入情况 - 第三季度非利息收入为200百万美元，较上一季度增加14百万美元或8%[5] - 非利息收入增加1400万美元至2亿美元，主要由于固定收益产品收入增加700万美元以及其他非利息收入项目增加500万美元[7] - 第三季度固定收益业务收入同比增长68%至4700万美元[24] - 非利息收入总额为2亿美元，较上一季度增加14%[26] - 固定收益、抵押贷款和经纪信托保险等业务收入均有所增长[26] 成本费用 - 第三季度非利息支出为511百万美元，较上一季度增加11百万美元或2%[5] - 非利息支出为5.11亿美元，较上一季度增加1100万美元，其中包括200万美元的FDIC特殊评估费用抵免、200万美元的重组成本以及1500万美元的Visa衍生工具估值费用[8] - 第三季度人员费用为2.82亿美元，同比增长6%[24] - 第三季度其他非利息支出为7100万美元，同比增长19%[24] - 调整后的非利息支出为4.97亿美元，与上一季度基本持平[26] 拨备计提 - 第三季度拨备计提35百万美元，较上一季度减少20百万美元[5] - 第三季度信用损失准备金为3500万美元，同比下降68%[24] - 调整后的拨备计提为3500万美元，较上一季度大幅下降36%[26] 资产负债情况 - 平均贷款和租赁余额624亿美元，较上一季度增加0.4亿美元或1%，期末余额624亿美元，较上一季度减少0.3亿美元或1%[9] - 平均存款663亿美元，较上一季度增加13亿美元或2%，期末存款666亿美元，较上一季度增加18亿美元或3%[10] - 普通股一级资本比率11.2%，较上一季度的11.0%有所上升，公司在第三季度回购了500万股普通股[12] - 公司总资产为823.66亿美元，较上季度增加6.46亿美元或1%[35] - 贷款和租赁总额为624.13亿美元，较上季度增加3.84亿美元或1%[35] - 存款总额为662.63亿美元，较上季度增加13.03亿美元或2%[35] - 股东权益总额为91.28亿美元，较上季度增加1.79亿美元或2%[35] 资产质量 - 第三季度净息差为3.31%，较上一季度下降7个基点[6] - 净息差为3.31%，较上季度下降7个基点，但较去年同期上升14个基点[1] - 平均资产收益率为1.08%，较上季度上升8个基点，较去年同期上升40个基点[1] - 平均普通股权益收益率为10.10%，较上季度上升112个基点，较去年同期上升382个基点[1] - 平均有形普通股权益收益率为12.60%，较上季度上升131个基点，较去年同期上升465个基点[1] - 非利息收入占总收入的比重为24.06%，较上季度上升131个基点，较去年同期上升183个基点[1] - 成本收入比为61.89%，较上季度上升45个基点，较去年同期上升93个基点[1] - 贷款存款比率为93.80%，较上季度下降309个基点[2] 其他 - 全职员工人数为7,186人，较上季度减少111人[2] - 每股账面价值为16.15美元，较上季度增加0.81美元，较去年同期增加1.87美元[2]

Wall Street analysts forecast that First Horizon National (FHN) will report quarterly earnings of $0.38 per share in its upcoming release, pointing to a year-over-year increase of 40.7%. It is anticipated that revenues will amount to $821.63 million, exhibiting an increase of 5.6% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reco ...

My, how time flies! It seems like only a short while ago that I last wrote an article about First Horizon (NYSE: FHN ). But in fact, it was approximately one year ago, in the middle Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussi ...

First Horizon National (FHN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...