First Horizon Corp reports results for the quarter ended June 30 - Earnings Summary

• First Horizon Corp FHN reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 39 cents to 46 cents per share.

• Revenue rose 1.8% to $830.00 million from a year ago; analysts expected $831.61 million.

• First Horizon Corp's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $233 million.

• First Horizon Corp shares had risen by 0.1% this quarter and gained 5.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for First Horizon Corp is $24.00, about 11.6% above its last closing price of $21.22

This summary was machine generated from LSEG data July 16 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)