First Horizon Past Earnings Performance

Past criteria checks 2/6

First Horizon has been growing earnings at an average annual rate of 9%, while the Banks industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 10.5% per year. First Horizon's return on equity is 8.7%, and it has net margins of 24.7%.

Key information

9.0%

Earnings growth rate

0.5%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	10.5%
Return on equity	8.7%
Net Margin	24.7%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How First Horizon makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:FHN.PRB Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	3,071	757	1,636
30 Jun 24	2,947	673	1,616
31 Mar 24	2,942	806	1,612
31 Dec 23	2,982	865	1,580
30 Sep 23	3,070	947	1,570
30 Jun 23	3,215	1,076	1,575
31 Mar 23	3,173	924	1,559
31 Dec 22	3,112	868	1,590
30 Sep 22	3,063	829	1,614
30 Jun 22	3,095	795	1,659
31 Mar 22	3,278	924	1,699
31 Dec 21	3,380	962	1,719
30 Sep 21	3,548	977	1,719
30 Jun 21	3,298	1,277	1,704
31 Mar 21	2,793	1,035	1,528
31 Dec 20	2,118	822	1,433
30 Sep 20	1,796	705	1,194
30 Jun 20	1,658	291	991
31 Mar 20	1,716	348	943
31 Dec 19	1,819	435	986
30 Sep 19	1,737	414	888
30 Jun 19	1,931	575	905
31 Mar 19	1,919	547	937
31 Dec 18	1,935	539	955
30 Sep 18	1,897	390	925
30 Jun 18	1,582	187	875
31 Mar 18	1,474	196	835
31 Dec 17	1,343	159	785
30 Sep 17	1,291	265	755
30 Jun 17	1,284	261	768
31 Mar 17	1,271	227	769
31 Dec 16	1,267	221	774
30 Sep 16	1,243	215	762
30 Jun 16	1,196	210	737
31 Mar 16	1,173	204	726
31 Dec 15	1,152	80	723
30 Sep 15	1,123	80	727
30 Jun 15	1,153	67	730
31 Mar 15	1,136	94	725
31 Dec 14	1,153	216	699
30 Sep 14	1,165	219	725
30 Jun 14	1,153	65	744
31 Mar 14	1,156	28	756
31 Dec 13	1,163	21	790

Quality Earnings: FHN.PRB has high quality earnings.

Growing Profit Margin: FHN.PRB's current net profit margins (24.7%) are lower than last year (30.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FHN.PRB's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: FHN.PRB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FHN.PRB had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Banks industry average (-12.2%).

First Horizon Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First Horizon Corporation to Report Q3, 2024 Results on Oct 16, 2024

First Horizon Corporation to Report Q2, 2024 Results on Jul 17, 2024

First Horizon Corporation Reports Unaudited Net Charge-Offs Results for the First Quarter of 2024

First Horizon Corporation to Report Q1, 2024 Results on Apr 17, 2024

First Horizon Corporation to Report Q4, 2023 Results on Jan 18, 2024

First Horizon Corporation to Report Q3, 2023 Results on Oct 18, 2023

Recent updates

First Horizon Corporation (NYSE:FHN) announces an Equity Buyback for $1,000 million worth of its shares.

First Horizon Corp Announces Executive Changes

First Horizon Corporation to Report Q3, 2024 Results on Oct 16, 2024

First Horizon Corporation Declares Quarterly Cash Dividend, Payable on October 1, 2024

First Horizon Corporation to Report Q2, 2024 Results on Jul 17, 2024

First Horizon Corporation Declares Cash Dividends on Common Stock, Payable on July 1, 2024

First Horizon Corporation Reports Unaudited Net Charge-Offs Results for the First Quarter of 2024

First Horizon Corporation Announces Executive Changes

First Horizon Corporation to Report Q1, 2024 Results on Apr 17, 2024

First Horizon Corporation, Annual General Meeting, Apr 23, 2024

First Horizon Corporation and First Horizon Bank Announce Board Changes

First Horizon Corporation to Report Q4, 2023 Results on Jan 18, 2024

First Horizon Corp Elects Velia Carboni to its Board

First Horizon Corporation and First Horizon Bank Announces Retirement of E. Stewart Shea, III as Board of Director

First Horizon Corporation to Report Q3, 2023 Results on Oct 18, 2023

Levi & Korsinsky, LLP Notifies First Horizon Corporation Investors of A Class Action Lawsuit and Upcoming Deadline

First Horizon Corporation to Report Q2, 2023 Results on Jul 19, 2023

New major risk - Revenue and earnings growth

Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of First Horizon Corporation Investors

First Horizon Corporation Reports Net Charge-Offs for the First Quarter of 2023

The Toronto-Dominion Bank (TSX:TD) cancelled the acquisition of First Horizon Corporation (NYSE:FHN) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others.

First Horizon Corporation Declares Cash Dividend on Common Stock, Payable on April 3, 2023

First Horizon Corporation to Report Q4, 2022 Results on Jan 18, 2023

Kenneth A. Burdick Intends to Resign from the Boards of Directors of First Horizon Corporation and of First Horizon Bank Effective on or Before January 1, 2023

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on January 3, 2023

Knox Capital Management LLC acquired Lenders Title Company from First Horizon Corporation (NYSE:FHN).

First Horizon Corporation Announces Resignation of Rajesh Subramaniam from the Boards of Directors

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on October 3, 2022

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on July 1, 2022

First Horizon Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2022

First Horizon Corporation Announces Consolidated Net Charge-Offs for the Fourth Quarter of 2021

First Horizon Corporation(NYSE:FHN) dropped from Russell 1000 Defensive Index

First Horizon Corporation Declares Cash Dividends on Common Stock, Payable on July 1, 2021

First Horizon Corporation, Annual General Meeting, Apr 27, 2021

First Horizon Corporation to Report Q4, 2020 Results on Jan 22, 2021

First Horizon National Corporation Appoints Erin Pryor as Chief Marketing Officer

First Horizon National Corp Appoints Anthony C. Hood as Executive Vice President and Chief Diversity, Equity and Inclusion Officer, Effective November 2, 2020

First Horizon National Corporation to Report Q3, 2020 Results on Oct 23, 2020

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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