First Horizon Corp Q3 2023 Earnings Call Transcript - Thomson StreetEvents

First Horizon Corp Q3 2023 Earnings Call Transcript

First Horizon Corp Q3 2023 Earnings Call Transcript - Thomson StreetEvents
First Horizon Corp Q3 2023 Earnings Call Transcript
Published Oct 18, 2023
18 pages (11485 words) — Published Oct 18, 2023
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Abstract:

Edited Transcript of FHN.N earnings conference call or presentation 18-Oct-23 1:30pm GMT

  
Brief Excerpt:

...Operator Thank you all for joining. I would like to welcome you all to the First Horizon Corp. Third Quarter 2023 Earnings Conference Call. My name is [Brika], and I'll be your moderator for today's call. (Operator Instructions) I would now like to pass the conference over to your host, Natalie Flanders, Head of Investor Relations, to begin. So, Natalie, you may begin when you are ready. Natalie Flanders ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
First Horizon Corp
Ticker
FHN.N
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Good morning, everyone. Hope, sorry to beat a dead horse, but I just wanted to put a finer point on the expenses. To get to the low end of your guidance range, I need to step expenses up to $520 million for the fourth quarter. It's a $55 million linked quarter increase, which seems peak, if not kind of like numerically impossible to kind of flex the model that high. So can you tell me why, like specifically what is going to drive the $55 million increase to get to the low end of the guidance?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Is there anything left from the deferred compensation from the TD deal that still needs to work its way into the run rate? And if so, can you tell me what the dollar amount is there?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Got it. Do you guys happen to have with the spot interest-bearing deposit rate was at 9.30% And then you've talked about kind of moderating deposit costs from here. Do you have a view on where you expect that spot rate to move to by [12/31]?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Got it. And do you -- maybe switching gears in the loan portfolio, do you happen to have what your exposure is to shared national credits? And of that, what portion are you the lead lender on?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Okay. Great. And then the last one for me before I hop was just a 2-parter on the office exposure, specifically on the nonmedical office. Do you happen to have what the allowances that you have set aside against the nonmedical office currently? And then do you have a sense for what the average LTV on those properties are?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Yes, that's correct.

Table Of Contents

First Horizon Corp Q2 2024 Earnings Call Summary – 2024-07-17 – US$ 54.00 – Edited Brief of FHN.N earnings conference call or presentation 17-Jul-24 1:30pm GMT

First Horizon Corp Q2 2024 Earnings Call Transcript – 2024-07-17 – US$ 54.00 – Edited Transcript of FHN.N earnings conference call or presentation 17-Jul-24 1:30pm GMT

First Horizon Corp at Morgan Stanley US Financials, Payments & CRE Conference Transcript – 2024-06-10 – US$ 54.00 – Edited Transcript of FHN.N presentation 10-Jun-24 6:30pm GMT

First Horizon Corp at RBC Capital Markets Global Financial Institutions Conference Transcript – 2024-03-06 – US$ 54.00 – Edited Transcript of FHN.N presentation 6-Mar-24 1:40pm GMT

First Horizon Corp Q3 2023 Earnings Call Summary – 2023-10-18 – US$ 54.00 – Edited Brief of FHN.N earnings conference call or presentation 18-Oct-23 1:30pm GMT

First Horizon Corp at Barclays Global Financial Services Conference Transcript – 2023-09-12 – US$ 54.00 – Edited Transcript of FHN.N presentation 12-Sep-23 1:00pm GMT

First Horizon Corp Q2 2023 Earnings Call Summary – 2023-07-19 – US$ 54.00 – Edited Brief of FHN.N earnings conference call or presentation 19-Jul-23 1:30pm GMT

First Horizon Corp Q2 2023 Earnings Call Transcript – 2023-07-19 – US$ 54.00 – Edited Transcript of FHN.N earnings conference call or presentation 19-Jul-23 1:30pm GMT

First Horizon Corp at Morgan Stanley US Financials, Payments, and CRE Conference Summary – 2023-06-14 – US$ 54.00 – Edited Brief of FHN.N presentation 14-Jun-23 7:15pm GMT

First Horizon Corp at Morgan Stanley US Financials, Payments, and CRE Conference Transcript – 2023-06-14 – US$ 54.00 – Edited Transcript of FHN.N presentation 14-Jun-23 7:15pm GMT

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MLA:
Thomson StreetEvents. "First Horizon Corp Q3 2023 Earnings Call Transcript" Oct 18, 2023. Alacra Store. May 12, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-First-Horizon-Corp-Earnings-Call-T15749353>
  
APA:
Thomson StreetEvents. (2023). First Horizon Corp Q3 2023 Earnings Call Transcript Oct 18, 2023. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-First-Horizon-Corp-Earnings-Call-T15749353>
  
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