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First Horizon falls after Q3 results

By Reuters News13 hours ago Updated

** Shares of US regional bank First Horizon FHN.N fall 2.3% to $22.14 premarket

** Stock set to open at its lowest in over 6 months, if losses hold

** Bank reports Q3 adj. EPS of 53 cents per share, in line with the analysts estimates; reports Q3 net loss of $94 mln, driven by notable items related to the pending sale of $4.5 bln in lower-yielding consumer mortgages

** TD Cowen flags "slower lending growth momentum"; says "excluding the pending resi mortgage sale, loan growth was lackluster, with most areas stable to down"

** 8 of 21 brokerages rate the stock "buy" or higher, and 13 "hold"; their median PT is $27 - data compiled by LSEG

** Stock down 5.15% YTD, as of last close

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