The regional lender reported a 12 percent year-on-year increase in net income to 260 million dollars for Q2.
First Horizon (FHN) posted second-quarter earnings per share of 0.54 dollars, surpassing analysts’ estimates of 0.52 dollars. Net income available to common shareholders rose 12 percent year on year to 260 million dollars, driven by higher loan balances and improved profitability.
Loan growth of 3 percent from the prior year supported the bank’s performance, with disciplined execution and customer relationship investments cited as key factors. The bank’s return on equity also improved, reflecting strength across its business segments.
Shares climbed 3.6 percent in premarket trading following the earnings release, as investors reacted to the better-than-expected results.