FHN Q2 2024 Earnings — First Horizon Corporation Revenue & Financial Results | Market Cap Arena

FHNFirst Horizon Corporation

$11B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.3B+7.5% YoY

Gross Profit

$737M58.7% margin

Operating Income

$260M20.7% margin

Net Income

$199M15.8% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

-$150M

Free Cash Flow

-$161M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$82.2B

Total Liabilities

$73.3B

Stockholders' Equity

$8.7B

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.2B	+7.5%
Gross Profit	$737M	$733M	+0.5%
Operating Income	$260M	$425M	-38.8%
Net Income	$199M	$325M	-38.8%

Revenue Segments

Underwriting, Portfolio Advisory, and Other Noninterest Income

$20M100%