Bullish indicating open at $55-$60, IPO prices at $37
MEMPHIS - First Horizon Corporation (NYSE:FHN) reported second quarter earnings that exceeded analyst expectations on Wednesday.
The company’s shares were up 8.34% in pre-market trading following the earnings results.
The Memphis-based regional financial services company posted adjusted earnings per share of $0.45 for the second quarter, beating the analyst consensus estimate of $0.42. Net income available to common shareholders reached $229 million on an adjusted basis, up from $217 million in the first quarter. Revenue came in at $830 million, slightly below the consensus estimate of $831.93 million.
The bank’s strong quarterly performance represents a sequential improvement, with adjusted earnings per share increasing by $0.03 compared to the first quarter’s $0.42. The significant stock price jump following the announcement reflects investor confidence in the company’s financial health and growth trajectory.
"We are pleased with our strong performance this quarter, underscoring our unwavering commitment to safety and soundness, profitability and growth," said Bryan Jordan, President and CEO of First Horizon. "Our results in the second quarter and first half of the year highlight the strengths of our business model and our geographic footprint."
First Horizon, which operates in 12 states across the southern U.S., reported total assets of $82.1 billion as of June 30, 2025. The bank continues to leverage its regional presence to drive growth despite varying economic conditions.
The company’s quarterly results included $3 million after-tax of notable items that positively impacted earnings, compared to a $4 million decrease from notable items in the first quarter of 2025.
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