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Dec 31, 2021
First Horizon Q4 2021 Earnings Report
Reported fourth quarter earnings with solid results driven by underlying momentum and strategic execution.
Key Takeaways
First Horizon Corporation reported a net income available to common shareholders of $219 million, or $0.40 per share, for the fourth quarter of 2021. Adjusted net income was $260 million, or $0.48 per share. The results reflect improved net interest income, merger savings, revenue synergies, and improved asset quality.
Net income available to common shareholders was $219 million, or $0.40 per share.
Adjusted net income available to common shareholders was $260 million, or $0.48 per share.
Total revenue increased to $745 million.
Returned $225 million of capital to common shareholders through share repurchases and dividends.
Forward Guidance
First Horizon is well-positioned to benefit from enhanced capabilities, dynamic markets, and an improving economic and interest rate environment in 2022 and beyond.
Positive Outlook
- Focused on growing core business.
- Selectively transforming processes.
- Advancing technology.
- Redeploying investments to achieve higher-growth.
- Delivering top-quartile results.
Challenges Ahead
- Effects of the pandemic.
- Disruptive natural disasters.
- Expected fee income headwinds.
- Tighter loan spreads.
- Reduction in net merger-related and PPP benefits.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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