U.S. regional bank First Horizon beats Q3 adjusted profit estimates

Overview * First Horizon reports Q3 adjusted EPS of $0.51, beats analyst expectations, per LSEG data * Adjusted net income for Q3 was $263 mln, surpassing analyst estimates * Net income available to common shareholders rose to $254 mln in Q3 Result Drivers * STRATEGIC EXECUTION – CEO Bryan Jordan attributes strong Q3 results to disciplined execution of strategy and expertise of associates * CREDIT QUALITY – Co cites strong credit quality driven by prudent risk management as a strength in Q3 * TECHNOLOGY AND PARTNERSHIPS – Continued investments in technology and community partnerships support solid performance and long-term growth Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Beat $0.51 $0.44 ADJUSTED (18 EPS Analysts ) Q3 EPS $0.50 Q3 Beat $263 mln $226.26 ADJUSTED mln (14 NET Analysts INCOME ) Q3 Net $254 mln Income Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell" * The average consensus recommendation for the banks peer group is "buy" * Wall Street's median 12-month price target for First Horizon Corp is $25.00, about 7.9% above its October 14 closing price of $23.02 * The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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