First Horizon National Non-GAAP EPS of $0.45 beats by $0.03, revenue of $830M misses by $4.12M

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  • First Horizon National press release (NYSE:FHN): Q2 Non-GAAP EPS of $0.45 beats by $0.03.
  • Revenue of $830M (+1.8% Y/Y) misses by $4.12M.
  • Netinterestincome(FTE)increased$10millionto$645millionandnetinterestmarginof3.40%decreased2basis points.NIIincreasewasdrivenbyloanportfoliogrowth.NIMdecreasewasdrivenbyhigherdepositcostsassociated withincreasedbrokereddepositbalances.
  • CET1ratioof11.0%,up7basispointsfromfirstquarter2025,asthemajorityofexcesscapitalwasdeployedintoloan growth.

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