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AI brief of an SEC Form 8-K · First Horizon (FHN)

First Horizon Q2 net income $184 million, EPS $0.34 vs $0.33 in Q1

Mixed Impact 3 of 5 earnings Written later

First Horizon reported second quarter 2024 net income available to common shareholders of $184 million, or $0.34 per diluted share, flat in dollars and up $0.01 from the first quarter. Total revenue fell to $815 million, and results were well below the year-earlier quarter, which included a $225 million merger termination gain. The company returned $212 million to shareholders through share repurchases.

Key points

  • Net income available to common shareholders was $184 million, or $0.34 per diluted share, versus $184 million, or $0.33, in first quarter 2024 and $317 million, or $0.56, in second quarter 2023.
  • Total revenue was $815 million, down 1% from $819 million in the first quarter and down 21% from $1,031 million a year earlier.
  • Adjusted EPS, excluding notable items, was $0.36 versus $0.35 in the first quarter and $0.39 in second quarter 2023.
  • First Horizon repurchased 13.9 million shares at a weighted average price of $15.26 and reached an 11.0% CET1 ratio, its near-term target.

The filing

CompanyFirst Horizon (FHN)
Form8-K, current report
Filed with the SECJul 17, 2024, 6:39 AM ET
Accession number0000036966-24-000073

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.