First Horizon Q4 Earnings Beat, Expenses & Provisions Decline Y/Y
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First Horizon's Q4 earnings exceeded expectations due to increased net interest income and reduced expenses and provisions. However, the company faces challenges with declining loan and deposit balances.
January 17, 2025 | 2:30 pm
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First Horizon's Q4 earnings surpassed expectations due to higher net interest income and lower expenses and provisions. However, the company is facing challenges with declining loan and deposit balances.
The positive earnings report, driven by increased net interest income and reduced expenses, suggests a short-term positive impact on FHN's stock price. However, the decline in loan and deposit balances could pose a risk, slightly tempering the positive outlook.
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