Regional banking company First Horizon (NYSE: FHN) will be reporting results this Wednesday before market open. Here’s what you need to know.
First Horizon met analysts’ revenue expectations last quarter, reporting revenues of $830 million, up 1.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates but net interest income in line with analysts’ 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 1.8% year on year to $841.9 million, slowing from the 6.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 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 four times over the last two years.
With First Horizon being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, the segment has faced declining investor sentiment as First Horizon’s peer group is down 4.3% on average over the last month. First Horizon’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $25.57 (compared to the current share price of $22.45).
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