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First Horizon ( (FHN) ) has shared an update.
First Horizon Corporation reported robust growth in its third-quarter 2024 financial results, with net income for common shareholders reaching $213 million or $0.40 per share, marking an 18% increase from the previous quarter. The company attributed this success to its diversified business model and strong client relationships, despite facing challenges like recent hurricanes. The firm’s credit quality improved, with reduced net charge-offs and a modest increase in reserve coverage, showcasing its resilience and commitment to community support during recovery efforts.
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