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

First Horizon Q3 net income rises to $213 million, EPS $0.40 from $0.34

Positive Impact 3 of 5 earnings Written later

First Horizon reported third quarter 2024 net income available to common shareholders of $213 million, or $0.40 per diluted share, up from $184 million, or $0.34, in the second quarter. Adjusted for notable items, earnings were $224 million, or $0.42 per share, and total revenue rose to $828 million from $815 million. Lower provision expense and continued share repurchases also bear on shareholder returns, though net interest margin declined and noninterest expense increased.

Key points

  • Net income available to common shareholders: $213 million, or $0.40 per share, versus $184 million, or $0.34, in Q2 2024
  • Adjusted net income available to common shareholders: $224 million, or $0.42 per share, versus $195 million, or $0.36, in Q2 2024
  • Net interest margin fell to 3.31% from 3.38%; provision for credit losses fell to $35 million from $55 million
  • Repurchased 5 million shares in Q3 2024 at an average price of $15.80; $441 million used year-to-date under a $650 million program

The filing

CompanyFirst Horizon (FHN)
Form8-K, current report
Filed with the SECOct 16, 2024, 7:29 AM ET
Accession number0000036966-24-000090

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

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 October 16, 2024.

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