First Horizon Corporation reported full year 2024 net income available to common shareholders (NIAC) of $738 million, or $1.36 per share. Adjusted NIAC increased 5% to $843 million, or $1.55 per share, driven by credit performance, fee income, and strong margin.
For the fourth quarter 2024, NIAC was $158 million, or $0.29 per share, while adjusted NIAC was $228 million, or $0.43 per share, up 2% from the prior quarter. Net interest margin expanded by 2 basis points to 3.33% in Q4 2024, and net charge-offs were 8 basis points.
In 2024, First Horizon returned $604 million of capital to shareholders through share repurchases at an average price of $15.98. The company also opportunistically restructured its securities portfolio, incurring a $91 million loss and utilizing $69 million of capital. The CET1 ratio stood at 11.2% at year-end 2024.
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