Overview

* First Horizon ( FHN ) Q2 net income rises to $233 mln, EPS at $0.45

* Adjusted net income for Q2 was $229 mln, reflecting growth from prior qtr

* Company highlights strong performance and commitment to profitability and growth

Outlook

* Company sees full year adjusted revenue flat up to 4% compared to 2024

* First Horizon ( FHN ) expects 2025 adjusted expense flat up to 2% vs 2024

* Company expects full year CET1 ratio of 10.5% to 11.0%

* Says CET1 ratio outlook reflects expectations for modest loan growth and opportunistic deployment of excess capital

Result Drivers

* GEOGRAPHIC FOOTPRINT - CEO Bryan Jordan attributes strong performance to business model and geographic footprint

* NOTABLE ITEMS - Increase in net income partly due to $3 million after-tax notable items

* EPS GROWTH - EPS increased to $0.45 from $0.41 in prior quarter, driven by operational strengths

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $0.45

Adjusted

EPS

Q2 EPS $0.45

Q2 Net $233 mln

Income

Analyst Coverage

* 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 "buy"

* Wall Street's median 12-month price target for First Horizon Corp ( FHN ) is $23.00, about 7.7% above its July 15 closing price of $21.22

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)