- First Horizon National press release ( NYSE: FHN ): Q4 Non-GAAP EPS of $0.51 beats by $0.03 .
- Revenue of $882M (+18.4% Y/Y) misses by $1.23M .
- ROCEof14.4%;ROTCEof19.1%;AdjustedROTCEof21.7%;CET1ratioof10.2%;andtotalcapitalratioof 13.3%.
- Netcharge-offsof$26millionincreased$14million;nonperformingloansof$316millionincreased8%linked quarterandthenonperformingloanratioof0.54%increasedfrom0.51%atSeptember30,2022.
- Period-endloansbeforetheimpactofPPPincreased$801million,or1%,drivenbya$419millionincreasein commercial.Period-endcommercialloansexcludingPPPandLMCrose2%.
- Averagedepositsof$64.9billiondecreased$3.3billion,or5%,drivenbya$1.7billiondecreaseinDDAanda $1.1billiondecreaseinsavings.Totaldepositcostsof69basispointsincreased44basispoints.
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First Horizon National Non-GAAP EPS of $0.51 beats by $0.03, revenue of $882M misses by $1.23M