First Horizon Reports Mixed 2024 Financial Results

First Horizon ( (FHN) ) just unveiled an announcement.

First Horizon Corporation reported its full-year 2024 financial results, showing net income available to common shareholders of $738 million, down from $865 million in 2023. The decline was influenced by notable items including a net $105 million after-tax reduction. However, adjusted net income increased by 5% to $843 million due to strong credit performance and fee income generation. The fourth quarter of 2024 saw net income of $158 million, with adjusted figures at $228 million, marking a 2% increase from the previous quarter. The company experienced a modest decline in net interest margin but benefited from strong client relationships and a robust business mix, positioning it well for continued growth in 2025.

More about First Horizon

First Horizon Corporation operates in the financial services industry, focusing on banking services and financial products. The company engages in offerings such as loans, leases, and wealth management, and has recently reorganized its business segments into commercial, consumer & wealth, wholesale, and corporate.

YTD Price Performance: 6.95%

Average Trading Volume: 6,174,383

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $11.04B

See more insights into FHN stock on TipRanks’ Stock Analysis page.