First Horizon Corporation (FHN) has announced its third-quarter earnings, showcasing an improvement from the previous year and surpassing Wall Street's expectations. The company's net income reached $213 million, or $0.40 per share, compared to $129 million, or $0.23 per share, in the same period last year.
When excluding certain items, First Horizon Corporation reported adjusted earnings of $224 million, or $0.42 per share. Analysts, on average, had predicted earnings of $0.38 per share, based on data from Thomson Reuters, with estimates generally excluding special items.
Revenue for the quarter increased by 6.4%, rising to $828 million from $778 million in the previous year.
Summary of First Horizon Corporation's third-quarter financial performance (GAAP basis):
- Earnings: $213 million, compared to $129 million last year.
- Earnings per Share (EPS): $0.40, up from $0.23 last year.
- Revenue: $828 million, up from $778 million last year.
