Stock Track | First Horizon National Soars 5% on Stellar Q3 Earnings Beat

Stock Track

Oct 16, 2024

Shares of First Horizon National Corp. (FHN) surged over 5% on Monday after the regional bank holding company reported better-than-expected third quarter 2024 earnings results.

For the quarter ended September 30, First Horizon posted net income available to common shareholders of $213 million, or $0.40 per diluted share, compared to $184 million or $0.34 per share in the prior quarter. On an adjusted basis, the company earned $0.42 per share, topping analysts' consensus estimate of $0.38 by $0.04.

Total revenue rose 6.4% year-over-year to $828 million, also beating Wall Street's expectations. The strong performance was driven by First Horizon's diversified business model and growth from its counter-cyclical segments, according to Chairman and CEO Bryan Jordan.

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(FHN) surged over 5% on Monday after the regional bank holding company reported better-than-expected third quarter 2024 earnings results.</p>\n\n<p>For the quarter ended September 30, First Horizon posted net income available to common shareholders of $213 million, or $0.40 per diluted share, compared to $184 million or $0.34 per share in the prior quarter. On an adjusted basis, the company earned $0.42 per share, topping analysts' consensus estimate of $0.38 by $0.04.</p>\n\n<p>Total revenue rose 6.4% year-over-year to $828 million, also beating Wall Street's expectations. The strong performance was driven by First Horizon's diversified business model and growth from its counter-cyclical segments, according to Chairman and CEO Bryan Jordan.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FHN","symbol_name":"第一地平线银行","start_time":0,"source_url":"","article_id":"1174041141","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174041141","pubTimestamp":1729087582,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of First Horizon National Corp.  surged over 5% on Monday after the regional bank holding company reported better-than-expected third quarter 2024 earnings results.For the quarter ended September 30, First Horizon posted net income available to common shareholders of $213 million, or $0.40 per diluted share, compared to $184 million or $0.34 per share in the prior quarter. 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