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0.39%
-0.08
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Why is First Horizon Corporation (FHN) Stock down?
We've noticed a 5.02% decline in First Horizon Corporation (FHN) stock during the 2024-08-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
20 Oct, 2023:
First Horizon Corporation (FHN) dropped by 5.54% from $11.19 to $10.57 in the trading on Friday October 20, 2023. The reason why FHN stock down today is due to the drop in Q3 FY23 results.
- Net income of $129 million, or $0.23 per share, a decrease from the Q2 2023 net income of $317 million, or $0.56 per share.
- Total revenue of $778 million, a decrease of $253 million from the previous quarter, primarily due to a decline in noninterest income, which dropped to $173 million from $400 million in Q2 2023.
- Net interest income decreased by $26 million to $605 million
0.10%
2.92%
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