FHNFirst Horizon Corporation

$11B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.2B+16.6% YoY

Gross Profit

$748M60.0% margin

Operating Income

$254M20.4% margin

Net Income

$192M15.4% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

$838M

Free Cash Flow

$828M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$81.8B

Total Liabilities

$72.6B

Stockholders' Equity

$8.9B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+16.6%
Gross Profit	$748M	$787M	-5.0%
Operating Income	$254M	$331M	-23.3%
Net Income	$192M	$251M	-23.5%

Revenue Segments

Underwriting, Portfolio Advisory, and Other Noninterest Income

$10M100%

FHN Q1 2024 Earnings — First Horizon Corporation Revenue & Financial Results | Market Cap Arena