UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-15185 ____________________________________ (Exact n ...

Volunteers Teach Personal Finance Fundamentals to Youth on "Teach Children to Save Day" MEMPHIS, Tenn., May 2, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") is proud to announce its participation in the American Bankers Association (ABA) Foundation's "Teach Children to Save Day," directly providing financial literacy skills to more than 7,000 students. In April, First Horizon associates conducted financial literacy classes for youth across the bank's footprint by imparting es ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has First Horizon National (FHN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. First Horizon National is one of 859 individual stocks in the Finance sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, April 22nd: First Horizon Corporation (FHN) : This bank holding company for First Horizon Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. First Horizon has a price-to-earnings ratio (P/E) of 9.79, compared with 12.40 for the industry. The company possesses a Value Score of B. Sylvamo Corporation (SLVM) : This m ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 22nd: Fortescue Ltd (FSUGY) : This global metal mining and green energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.8% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 8.7%, compared with the industry average of 0.0%. First Horizon Corporation (FHN) : This bank holding company for First Horizon Bank has witnessed the Zacks Co ...

First Horizon National (FHN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investo ...

财务表现 - First Horizon Corporation（FHN）2024年第一季度调整后每股收益为35美分，超过了Zacks Consensus Estimate一分[1] - 净利润可供普通股股东为1.84亿美元，同比下降24.3%[2] - 总收入为8.19亿美元，同比下降4.7%，但超过了Zacks Consensus Estimate[3] - 净利息收入下降9.2%，净利息率下降51个基点至3.37%[3] - 非利息收入为1.94亿美元，同比增长13.5%[3] - 非利息支出同比上升7.7%至5.15亿美元[3] 资产负债表 - 总贷款和租赁余额净额为617.5亿美元，较上一季度末下降近1%[5] - 不良贷款和租赁5050万美元，较去年同期增加19.1%[6] - 信贷损失准备金为5亿美元，较去年同期下降10.1%[7] 资本状况 - 一级资本比率为11.3%，较去年同期的10.4%上升[8] - 总资本比率为13.9%，较去年同期的13.6%上升[9] 公司展望 - First Horizon在目标市场扩张，持续改善资本比率，但高额支出、净利息收入下降和信贷质量疲弱是短期关注点[10]

财务表现 - First Horizon Corporation（FHN）2024年第一季度调整后每股收益为35美分，超过了Zacks Consensus Estimate一分[1] - 净利润可供普通股东使用为1.84亿美元，同比下降24.3%[2] - 总收入为8.19亿美元，同比下降4.7%，但超过了Zacks Consensus Estimate[3] - 净利息收入（NII）同比下降9.2%，净利息率下降51个基点至3.37%[3] - 非利息收入同比增长13.5%，非利息支出同比上升7.7%[3] 资产质量 - 非表现贷款和租赁额增加19.1%，净核销额大幅增加[6] - 信贷损失准备金为5亿美元，与去年同期持平，总贷款和租赁损失准备金比率上升至1.27%[7] 资本状况 - 公共股权一级资本比率为11.3%，较去年同期增长[8] - 总资本比率为13.9%，较去年同期增长[9] 市场展望 - First Horizon在目标市场扩张，持续改善资本比率，但高额支出、低净利息收入和信贷质量疲软是近期关注焦点[10]

财务数据和关键指标变化 - 公司交付了每股调整后收益0.35美元,较上一季度增长9% [11] - 调整后净资产收益率提升至11.6%,主要得益于经营杠杆效应以及回购股票带来的好处 [11] - 净利差扩大10个基点至3.37%,带动净利息收入增加700万美元 [12][22] - 非利息收入增加1300万美元,主要来自固定收益业务的强劲表现 [28] - 调整后费用减少400万美元,主要由于外部服务费用大幅下降 [32] 各条业务线数据和关键指标变化 - 固定收益业务平均每日收入增加26.8万美元,带来1500万美元的费用收入增长 [28] - 抵押贷款收入增加400万美元,主要由于业务量上升 [30] - 服务费和卡费收入下降200万美元,主要受季节性和透支费用的影响 [30] 各个市场数据和关键指标变化 - 贷款组合整体增长1%,其中抵押贷款公司贷款增长17% [26] - 商业房地产贷款增加2.1亿美元,主要来自多户家庭项目的资金提取 [26] - 贷款收益率上升9个基点,受益于新发放和续贷贷款利差扩大以及固定利率现金流的重新定价 [27] 公司战略和发展方向及行业竞争 - 公司正在进行战略投资,以提升客户服务和内部效率 [41][45] - 公司将继续保持谨慎的贷款审批标准,选择性参与贷款业务 [73][150] - 公司将继续寻求通过回购股票等方式部署超出11%目标的资本 [132][136] 管理层对经营环境和未来前景的评论 - 管理层对公司2024年的业绩表现保持乐观,认为公司有能力在任何经济周期中提供优秀的业绩 [9][14][46] - 管理层认为当前经济环境仍然良好,尽管存在一些不确定性,但公司有信心应对 [65][150] - 管理层预计未来几个月的经济环境可能与第一季度相似,这增强了他们对公司全年表现的信心 [46] 问答环节重要的提问和回答 问题1 **Ebrahim Poonawala 提问** 询问公司对2024年净息差走势的预期,以及影响因素 [53][54][55][61] **Hope Dmuchowski 回答** 公司预计存款成本可能会在未来几个季度内小幅下降,但主要取决于利率是否会下降。贷款收益率仍有一定上升空间,主要来自固定现金流的重新定价 [54][55][61][62][63] 问题2 **Michael Rose 提问** 询问公司商业贷款增长乏力的原因,以及管理层对未来贷款需求的看法 [69][70][71] **Bryan Jordan 和 Susan Springfield 回答** 公司一直专注于现有客户关系,保持谨慎的贷款审批标准。尽管某些地区贷款需求较强,但整体贷款需求仍较温和,公司将继续选择性参与贷款业务 [70][71][150] 问题3 **Timur Braziler 提问** 询问公司对商业房地产贷款拨备的考虑因素 [163][164][165] **Susan Springfield 回答** 公司每季度都会根据不同经济情景进行全面评估,并做出相应的定性调整。目前公司认为拨备水平是合理的,但会持续密切关注经济形势的变化 [164][165][166]

财务表现 - First Horizon National (FHN) 2024年第一季度营收为8.19亿美元，同比下降4.7%[1] - 每股收益为0.35美元，较去年同期的0.46美元有所下降[1] - 营收超出Zacks Consensus Estimate 1.37%，每股收益超出预期2.94%[1] - 公司的效率比率为62.9%，略高于分析师平均预期的60.8%[4] - 净利息净值(FTE)为3.4%，略高于分析师平均预期的3.3%[4] 贷款和业务表现 - 总不良贷款和租赁额为5.05亿美元，略高于分析师平均预期的4.8亿美元[6] - 首次公开募股、信托和保险业务收入为3,600万美元，略低于分析师平均预期的3,636万美元[8] - 服务费用为5,700万美元，略低于分析师平均预期的5,894万美元[8] 股票表现 - 公司股票过去一个月下跌6.9%，表现略逊于Zacks S&P 500综合指数的-1.1%变化[9]