First Horizon Corp Expects FY23 Net Interest Income (FTE) Growth Of 6% – 9%, Noninterest Income Decline Of 6% – 10%
Portfolio Pulse from Benzinga Newsdesk
First Horizon Corp has projected a growth of 6% to 9% in its FY23 net interest income (FTE). However, it expects a decline of 6% to 10% in noninterest income.
July 19, 2023 | 10:54 am
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First Horizon Corp expects FY23 net interest income to grow by 6% to 9%, but anticipates a 6% to 10% decline in noninterest income.
The projected growth in net interest income indicates a positive outlook for First Horizon's core banking operations. However, the expected decline in noninterest income, which includes fees and other income sources, could offset some of this growth. The net impact on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100