First Horizon Nationwide (FHN) reported $819 million in income for the quarter ended March 2024, representing a year-over-year decline of 4.7%. EPS of $0.35 for a similar interval compares to $0.46 a yr in the past.
The reported income represents a shock of +1.37% over the Zacks Consensus Estimate of $807.94 million. With the consensus EPS estimate being $0.34, the EPS shock was +2.94%.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher challenge a inventory’s worth efficiency.
Right here is how First Horizon carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Effectivity Ratio: 62.9% versus the five-analyst common estimate of 60.8%.
- Web Curiosity Margin (FTE): 3.4% versus the five-analyst common estimate of three.3%.
- Common Stability – Complete curiosity incomes property: $74.78 billion versus $75.18 billion estimated by 4 analysts on common.
- Web charge-offs to common loans: 0.3% in comparison with the 0.3% common estimate primarily based on three analysts.
- Complete nonperforming loans and leases: $505 million versus $480.05 million estimated by two analysts on common.
- Complete Non-Curiosity Earnings: $194 million versus the five-analyst common estimate of $182.18 million.
- Web Curiosity Earnings: $625 million versus the five-analyst common estimate of $623.01 million.
- Web curiosity revenue (FTE): $628 million versus the four-analyst common estimate of $627.80 million.
- Mortgage banking and title: $9 million in comparison with the $5.92 million common estimate primarily based on three analysts.
- Brokerage, belief, and insurance coverage: $36 million versus the three-analyst common estimate of $36.36 million.
- Service fees and charges: $57 million versus $58.94 million estimated by three analysts on common.
- Mounted revenue: $52 million versus $42.54 million estimated by three analysts on common.
View all Key Company Metrics for First Horizon here>>>
Shares of First Horizon have returned -6.9% over the previous month versus the Zacks S&P 500 composite’s -1.1% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out consistent with the broader market within the close to time period.
(We’re reissuing this text to right a mistake. The unique article, issued earlier as we speak, ought to not be relied upon.)
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