FHN Earnings Prediction
The chart below shows how FHN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FHN sees a -3.40% change in stock price 10 days leading up to the earnings, and a +1.78% change 10 days following the report. On the earnings day itself, the stock moves by +0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
FHN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
659.00M
-9.48%
-12.48%
Gross Margin
--
--
--
Operating Margin
32.02%
30.96%
-14.20%
Net Margin
25.80%
-0.62%
-12.87%
EPS
0.30
-3.23%
-25.00%
No Data Available
FHN Earnings Analysis
First Horizon Corp Corporation (FHN.N) Earnings Conference Call
Positive
Earnings Per Share Growth: Adjusted EPS grew by $0.12 or 8% year-over-year, reaching $0.43 in Q4 2024, demonstrating strong earnings growth.
Return on Tangible Equity: Achieved an adjusted return on tangible common equity of 12.6% for the full year, reflecting robust performance from the banking franchise and countercyclical businesses.
Strong Net Interest Margin: Net interest margin remained strong at 3.35%, supported by a 34 basis point reduction in interest-bearing deposit costs, despite declining interest rates.
Shareholder Capital Return: Returned over $930 million of capital to shareholders through dividends and share repurchases, maintaining a strong capital position.
Loan and Deposit Growth: Average loans increased by over 3% and deposits grew by more than 2%, indicating successful client retention and acquisition strategies.
Negative
Earnings Stagnation Analysis: Adjusted earnings per share for Q4 2024 was $0.43, which is only a $0.01 increase from the prior quarter, indicating stagnation in earnings growth.
Minimal Net Interest Growth: Net interest income increased by only $2 million in Q4, reflecting minimal growth despite efforts to manage deposit costs and loan yields.
Decline in Fee Income: Fee income, excluding deferred compensation, decreased by $5 million from the prior quarter, highlighting a decline in revenue generation from non-interest sources.
Rising Operational Costs: Adjusted expenses increased by $14 million, primarily driven by a $10 million contribution to the First Horizon Foundation, indicating rising operational costs without corresponding revenue growth.
Non-Performing Loans Increase: Non-performing loans increased by four basis points from the third quarter, driven by slower absorption in the multifamily sector, suggesting potential credit quality concerns.
