Latest news with #FHN
Yahoo
22-05-2025
- Business
- Yahoo
Here's Why First Horizon National (FHN) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. First Horizon Corporation is a financial services company based in Memphis, TN. It provides diversified financial services, mainly via its principal subsidiary First Horizon Bank. First Horizon Bank's principal divisions and subsidiaries operate under the brands of First Horizon Bank, IBERIABANK, First Horizon Advisors and FHN Financial. The company offers regional banking, mortgage lending, title insurance, specialized commercial lending, commercial leasing and equipment financing, brokerage, wealth management and capital market services. It operates through three business segments. FHN is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 4.6% over the past one week and up 11.7% over the past four weeks. FHN has gained 21.4% in the last one-year period as well. Looking at trading volume, an average of 4,037,287.25 shares exchanged hands over the last 20 trading days. A company's earnings performance is important for momentum investors as well. For fiscal 2025, three analysts revised their earnings estimate higher in the last 60 days for FHN, while the Zacks Consensus Estimate has increased $0.04 to $1.71 per share. FHN also boasts an average earnings surprise of 6.5%. Investors should take the time to consider FHN for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
17-04-2025
- Business
- Yahoo
First Horizon Corp (FHN) Q1 2025 Earnings Call Highlights: Strategic Moves Amid Economic Uncertainty
Adjusted EPS: $0.42 per share, a $0.01 decrease from the prior quarter. Pre-Provision Net Revenue Growth: $16 million increase from the fourth quarter. Net Interest Margin Expansion: 9 basis points increase to 3.42%. Expense Reduction: $20 million decrease excluding deferred compensation. Share Repurchases: $360 million of stock repurchased in the first quarter. Charge-Off Ratio: 19 basis points, consistent with 2024 performance. Net Interest Income: Increased by $1 million this quarter. Fee Income: Decreased by $5 million excluding deferred compensation. Provision Expense: Increased by $30 million. CET1 Ratio: Ended the quarter at 10.9%. Interest-Bearing Deposit Costs: 38 basis point reduction. Loan Yields: Decreased by 20 basis points from the fourth quarter. Net Charge-Offs: Increased by $16 million to $29 million. ACL to Loan Ratio: Increased by 2 basis points to 1.45%. Warning! GuruFocus has detected 3 Warning Signs with FRA:0TX. Release Date: April 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First Horizon Corp (NYSE:FHN) achieved a 9 basis point expansion in net interest margin, driven by effective deposit pricing strategies. The company reported a solid pre-provision net revenue growth of $16 million from the previous quarter. FHN successfully repurchased $360 million of stock, reflecting strategic capital deployment. The credit performance remained strong with a charge-off ratio of 19 basis points, consistent with prior performance. The company maintained a CET1 ratio of 10.9%, indicating a strong capital position. Adjusted EPS decreased by $0.01 to $0.42 per share compared to the previous quarter. Fee income, excluding deferred compensation, declined by $5 million. Provision expense increased by $30 million due to heightened macroeconomic uncertainty. Non-performing loans increased slightly by 2 basis points from the fourth quarter. The economic environment is marked by uncertainty due to tariffs and trade policies, impacting borrower sentiment and potentially delaying investments. Q: Can you discuss the PPNR growth outlook given the current uncertainty and volatility, and how potential rate cuts might impact this? A: Hope Dmuchowski, CFO, explained that they are confident in their guidance, which was based on three rate cuts with low single-digit loan growth. They believe that their countercyclical businesses will offset any negative impacts from more than three rate cuts. The focus remains on maintaining margin expansion and managing expenses to support PPNR growth. Q: What is the company's approach to share buybacks given the current CET1 target and stock valuation? A: Bryan Jordan, CEO, stated that they intend to maintain an 11% CET1 target due to current market volatility and tariff uncertainties. However, they are committed to using excess capital for share repurchases, confident in their ability to generate positive PPNR growth. Q: How are borrowers responding to the current economic uncertainty, particularly in the C&I sector? A: Bryan Jordan, CEO, noted that while there is a "wait and see" approach among borrowers due to uncertainty, there remains an inherent optimism. Thomas Hung, Chief Credit Officer, added that while some projects are paused, the overall sentiment remains optimistic, with a temporary pause effect on major investments. Q: Can you elaborate on the reserve increase and the outlook for credit performance? A: Thomas Hung, Chief Credit Officer, explained that the reserve increase reflects macroeconomic uncertainty and potential increases in unemployment. Despite this, the company remains conservatively reserved, with strong credit performance expected to continue. Q: What is the timeline for achieving the 15% ROTCE target, and what factors will drive this? A: Bryan Jordan, CEO, emphasized that achieving a 15%-plus ROTCE is feasible, driven by a strong footprint, economic drivers, and efficient capital use. The target is contingent on an appropriate economic environment and a potential reduction in the CET1 ratio. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
28-01-2025
- Business
- Associated Press
First Horizon Declares Cash Dividends on Common and Preferred Stock
MEMPHIS, Tenn., Jan. 28, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the 'Company') today announced that its board of directors declared a quarterly cash dividend of $0.15 per share on FHN's common stock. The dividend is payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025. Preferred Dividend Information Cash dividends were also declared on the Company's Series C, Series E and Series F Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows: FHN Series C Quarterly cash dividend of $165.00 per share on FHN's 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C ('Series C Preferred Stock'). This equates to a cash dividend of $0.4125 per Depositary Share (NYSE: FHN PRC), which each represent a 1/400th interest in a share of the Series C Preferred Stock. The dividend is payable on May 1, 2025, to shareholders of record at the close of business on April 16, 2025. FHN Series E Quarterly cash dividend of $1,625.00 per share on FHN's 6.50% Non-Cumulative Perpetual Preferred Stock, Series E ('Series E Preferred Stock'). This equates to a cash dividend of $0.40625 per Depositary Share (NYSE: FHN PRE), which each represent a 1/4,000th interest in a share of the Series E Preferred Stock. The dividend is payable on April 10, 2025, to shareholders of record at the close of business on March 26, 2025. FHN Series F Quarterly cash dividend of $1,175.00 per share on FHN's 4.70% Non-Cumulative Perpetual Preferred Stock, Series F ('Series F Preferred Stock'). This equates to a cash dividend of $0.29375 per Depositary Share (NYSE: FHN PRF), which each represent a 1/4,000th interest in a share of the Series F Preferred Stock. The dividend is payable on April 10, 2025, to shareholders of record at the close of business on March 26, 2025. First Horizon Bank Class A Quarterly cash dividend of $13.50160 per share on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock. The dividend is payable on April 10, 2025, to shareholders of record at the close of business on March 26, 2025. About First Horizon First Horizon Corporation (NYSE: FHN), with $82.2 billion in assets as of December 31, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at .
