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FHN

First Horizon Corporation

$22.98

Earnings Summary

Revenue
$742Mn
Net Profits
$174Mn
Net Profit Margins
23.45%
PE Ratio
16.04

Highlights

Revenue:

First Horizon Corporation’s revenue fell -2.75% since last year same period to $742Mn in the Q2 2022. On a quarterly growth basis, First Horizon Corporation has generated 4.8% jump in its revenue since last 3-months.

Net Profits:

First Horizon Corporation’s net profit fell -43.51% since last year same period to $174Mn in the Q2 2022. On a quarterly growth basis, First Horizon Corporation has generated -10.77% fall in its net profits since last 3-months.

Net Profit Margins:

First Horizon Corporation’s net profit margin fell -41.91% since last year same period to 23.45% in the Q2 2022. On a quarterly growth basis, First Horizon Corporation has generated -14.86% fall in its net profit margins since last 3-months.

PE Ratio:

First Horizon Corporation’s price-to-earnings ratio after this Q2 2022 earnings stands at 16.04.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the First Horizon Corporation post its latest quarter earnings

EPS Estimate Current Quarter
0.42
EPS Estimate Current Year
0.42

Highlights

EPS Estimate Current Quarter:

First Horizon Corporation’s earning per share (EPS) estimates for the current quarter stand at 0.42 - a 20% jump from last quarter’s estimates.

EPS Estimate Current Year:

First Horizon Corporation’s earning per share (EPS) estimates for the current year stand at 0.42.

Key Ratios

Key ratios of the First Horizon Corporation post its Q2 2022 earnings

Earning Per Share (EPS)
0.34
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.1
Dividend Per Share (DPS)
0.6

Highlights

Earning Per Share (EPS):

First Horizon Corporation’s earning per share (EPS) fell -41.38% since last year same period to 0.34 in the Q2 2022. This indicates that the First Horizon Corporation has generated -41.38% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. First Horizon Corporation’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. First Horizon Corporation’s return on equity (ROE) stands at 0.1.

Dividend Per Share (DPS):

First Horizon Corporation declared 0.6 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
0.35
0.38
8.57%
2022-06-30
0.35
0.34
-2.86%

Company Information

First Horizon Corp., with $84 billion in assets, is a leading regional financial services company, dedicated to strengthening the lives of its associates, clients, shareholders, and communities. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates nearly 500 bank locations in 12 states across the Southeast. With more than 288 years of combined First Horizon Bank and IBERIABANK financial experience, the Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon is recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. bank.

Organisation
First Horizon Corporation
Headquarters
Memphis, Tennessee, US
Employees
8.46K
Industry
Finance
CEO
David Jordan