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First Horizon reports Q3 adjusted EPS 42c, consensus 38c

Reports Q3 tangible book value per share $13.02. Reports Q3 adjusted ROTCE of 13.2%. “We delivered 18% growth in earnings per share compared to the prior quarter, driven by strong performance from our counter-cyclical businesses. Our results reflect the strength of our diversified business model and our continued focus on growing and deepening client relationships,” said Chairman, President and Chief Executive Officer Bryan Jordan. “Our credit quality remains stable, with net charge-offs declining for the second consecutive quarter and modest increase in our reserve coverage.”

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