Overview

• US regional bank's Q2 net income rose 12% yr/yr to $260 mln

• Adjusted EPS for Q2 beat analyst expectations

• Company cites disciplined execution and 3% yr/yr loan growth as drivers of results

Outlook

• Company did not provide specific guidance or outlook for future quarters or full year

Result Drivers

• CLIENT RELATIONSHIPS - Co attributed results to focus on developing client relationships and delivering service, per CEO Bryan Jordan

Company press release: ID:nPn5fH2tNa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Adjusted EPS	Beat	$0.54	$0.52 (19 Analysts)
Q2 EPS		$0.54
Q2 Net Income		$260 mln
Q2 Net Interest Income		$679 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "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 $28.50, about 10.8% above its July 14 closing price of $25.72

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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