Overview

* First Horizon ( FHN ) reports Q3 adjusted EPS of $0.51, beats analyst expectations, per LSEG data

* Adjusted net income for Q3 was $263 mln, surpassing analyst estimates

* Net income available to common shareholders rose to $254 mln in Q3

Result Drivers

* STRATEGIC EXECUTION - CEO Bryan Jordan attributes strong Q3 results to disciplined execution of strategy and expertise of associates

* CREDIT QUALITY - Co cites strong credit quality driven by prudent risk management as a strength in Q3

* TECHNOLOGY AND PARTNERSHIPS - Continued investments in technology and community partnerships support solid performance and long-term growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.51 $0.44

ADJUSTED (18

EPS Analysts

)

Q3 EPS $0.50

Q3 Beat $263 mln $226.26

ADJUSTED mln (14

NET Analysts

INCOME )

Q3 Net $254 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", 8 "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 $25.00, about 7.9% above its October 14 closing price of $23.02

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

Press Release:

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(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.)