- First Horizon’s adjusted earnings per share (EPS) for the third quarter surpassed expectations, reaching $0.42 compared to an estimate of $0.38.
- The company achieved an 18% growth in earnings per share from the previous quarter.
- This growth was attributed to strong performance from First Horizon’s counter-cyclical businesses.
- The results underscore the strength of First Horizon’s diversified business model.
- The company emphasizes its ongoing focus on growing and deepening client relationships, according to Bryan Jordan, the Chairman, President, and CEO.
- Analyst recommendations for First Horizon include 9 buys, 7 holds, and 0 sells.
A look at First Horizon National Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Horizon National Corporation’s long-term outlook appears promising with solid Smart Scores across key factors. With strong scores in Value and Dividend of 4, investors can expect favorable returns and steady income from their investment. The company’s Momentum score of 4 indicates a positive market sentiment and growth potential in the future. Additionally, First Horizon National shows resilience with a score of 3, suggesting stability in the face of economic challenges. While the Growth factor scores a 3, there is still room for potential expansion and development in the company’s future strategies.
First Horizon National Corporation, a financial services provider, offers various commercial banking services along with mortgage banking, capital markets, and transaction processing. The company’s balanced Smart Scores highlight its strength in value and stability, making it an attractive choice for investors looking for potential growth and income opportunities in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
