
Regional banking company First Horizon (NYSE: FHN) will be reporting results this Thursday before market hours. Here’s what you need to know.
First Horizon beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $893 million, up 7.5% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is First Horizon a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting First Horizon’s revenue to grow 4.8% year on year to $863.3 million, improving from the 3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.46 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. First Horizon has missed Wall Street’s revenue estimates three times over the last two years.
Looking at First Horizon’s peers in the banks segment, only JPMorgan Chase has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 6.9%. The stock was down 92.9% on the results.
Read our full analysis of JPMorgan Chase’s earnings results here.Investors in the banks segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. First Horizon is up 1.3% during the same time and is heading into earnings with an average analyst price target of $26.62 (compared to the current share price of $24.17).
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