First Horizon National (FHN) reported quarterly earnings of $0.39 per share for the period ending June 2023, surpassing the Zacks Consensus Estimate of $0.38 and improving from $0.34 per share a year ago. The bank holding company also achieved revenues of $1.03 billion, which exceeded expectations by 25.70%, compared to $743 million in the same quarter last year.
Despite the positive earnings, First Horizon shares have declined by approximately 47.7% since the start of 2023, while the S&P 500 has gained 18.6%. Looking ahead, the current consensus EPS estimate for the upcoming quarter is $0.37, with revenues projected at $820.81 million. The company currently holds a Zacks Rank #5 (Strong Sell), indicating expectations of further underperformance in the near future.
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