Reports Q4 tangible book value per share $12.13. Reports Q4 adjusted ROTCE 11.1%. “We reported strong fourth quarter and full-year 2023 results demonstrating our ability to successfully execute on our strategic priorities and navigate the economic headwinds during the year. Prudent risk management, strong liquidity, and robust capital levels supported loan growth of 5% during the year. We ran a successful deposit campaign mid-year, raising $6 billion of new-to-bank deposits,” said chairman, president and CEO Bryan Jordan. “We remain intently focused on credit discipline and expect to continue to perform well over the cycle.”
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Read More on FHN:
- First Horizon Corporation Reports Full Year 2023 Net Income Available to Common Shareholders of $865 Million or EPS of $1.54; $806 Million or $1.43 on an Adjusted Basis*
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- Largest borrow rate increases among liquid names
- First Horizon price target raised to $15.50 from $14 at Citi
