Latest news with #FinancialPerformance
Yahoo
2 days ago
- Business
- Yahoo
First Horizon Corporation Delivers Strong Second Quarter 2025 Results
Net Income Available to Common Shareholders of $233 Million with an EPS of $0.45, a $0.04 Increase from Prior Quarter; $229 Million or $0.45 on an Adjusted Basis, up $0.03 from Prior Quarter* MEMPHIS, Tenn., July 16, 2025 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today reported second quarter net income available to common shareholders ("NIAC") of $233 million or earnings per share of $0.45, compared with first quarter 2025 NIAC of $213 million or earnings per share of $0.41. Second quarter 2025 results were increased by $3 million after-tax of notable items compared to a decrease of $4 million in first quarter 2025. Excluding notable items, adjusted second quarter 2025 NIAC was $229 million or $0.45 per share compared to $217 million or $0.42 per share in first quarter 2025. "We are pleased with our strong performance this quarter, underscoring our unwavering commitment to safety and soundness, profitability and growth. Our results in the second quarter and first half of the year highlight the strengths of our business model and our geographic footprint," remarked President and CEO Bryan Jordan. "Our dedication to our clients and our deep expertise across our business lines ensure that we consistently deliver long-term value and strong outcomes for our shareholders, clients, communities and associates, regardless of economic conditions," Jordan continued. Conference Call Information Analysts, investors and interested parties may call toll-free starting at 8:15 a.m. CT on July 16, 2025, by dialing 1-833-470-1428 (if calling from the U.S.) or 404-975-4839 (if calling from outside the U.S) and entering access code 804399. The conference call will begin at 8:30 a.m. CT. Participants can also opt to listen to the live audio webcast at A replay of the call will be available beginning at noon CT on July 16 until midnight CT on July 30, 2025. To listen to the replay, dial 1-866-813-9403 (U.S. callers); the access code is 939343. A replay of the webcast will also be available on our website on July 16 and will be archived on the site for one year. Forward-Looking Statements This document and the complete 2Q2025 earnings release to which it relates contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward," and other similar expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN's control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN's actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN's Current Report on Form 8-K filed with the Securities and Exchange Commission on the date of this release; in the forepart, and in Items 1, 1A, and 7, of FHN's most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN's Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed. Throughout this document and the complete 2Q2025 earnings release to which it relates, numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates. Use of non-GAAP Measures and Regulatory Measures that are not GAAP Certain measures included in this document and the complete 2Q2025 earnings release to which it relates are "non-GAAP," meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN's management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports. The non-GAAP measures presented in this document and the complete 2Q2025 earnings release to which it relates are fully taxable equivalent measures, pre-provision net revenue ("PPNR"), return on average tangible common equity ("ROTCE"), tangible common equity ("TCE") to tangible assets ("TA"), tangible book value ("TBV") per common share, and various consolidated and segment results and performance measures and ratios adjusted for notable items. Presentation of regulatory measures, even those which are not GAAP, provide a meaningful base for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered "non-GAAP" under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios. Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items, beginning on page 20 of FHN's complete 2Q25 earnings release available at First Horizon Corporation (NYSE: FHN), with $82.1 billion in assets as of June 30, 2025, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at *References to "adjusted" results exclude notable items and, along with return on tangible common equity, tangible book value per share, and certain other financial measures, are non-GAAP financial measures. All references to loans include leases. All references to earnings per share are based on diluted shares. Please see page 4 of FHN's complete 2Q25 earnings release available at for information on our use of non-GAAP measures and a reconciliation of these measures to GAAP beginning on page 20 of that release. Contact: Investor Relations - Relations - View original content to download multimedia: SOURCE First Horizon Corporation Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Bank of New York Mellon Corp (BK) Q2 2025 Earnings Call Highlights: Robust Revenue Growth and ...
Earnings Per Share (EPS): $1.93, up 27% year over year on a reported basis; $1.94, up 28% excluding notable items. Total Revenue: $5 billion, up 9% year over year. Fee Revenue: Up 7%, including 9% growth in investment services fees. Net Interest Income: Up 17% year over year. Pre-Tax Margin: 37%. Return on Tangible Common Equity: 28%. Assets Under Custody/Administration (AUC/A): $55.8 trillion, up 13% year over year. Assets Under Management (AUM): $2.1 trillion, up 3% year over year. Expenses: $3.2 billion, up 4% year over year. Security Services Revenue: $2.5 billion, up 10% year over year. Market and Wealth Services Revenue: $1.7 billion, up 13% year over year. Investment and Wealth Management Revenue: $801 million, down 2% year over year. Net Interest Income Growth Expectation for 2025: High-single digit percentage points year over year. Expense Growth Expectation for 2025: Approximately 3% year over year. Effective Tax Rate Expectation for 2025: 22% to 23% range. Capital Return to Shareholders: Approximately $1.2 billion in the second quarter, 92% total payout ratio year to date. Warning! GuruFocus has detected 2 Warning Sign with FBK. Release Date: July 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bank of New York Mellon Corp (NYSE:BK) reported a strong second quarter with earnings per share of $1.93, up 27% year over year. Total revenue exceeded $5 billion for the first time in a quarter, marking a 9% increase year over year. The company achieved significant positive operating leverage, approximately 500 basis points on both a reported and operating basis. Return on tangible common equity improved to 28%, reflecting the company's robust financial performance. The commercial model has shown effectiveness with record sales for two consecutive quarters, indicating strong client engagement and growth potential. Investment management and performance fees were flat, with growth offset by the mix of AUM flows and certain rebates. Assets under management saw net outflows of $17 billion, driven by index, multi-assets, and equity strategies. The investment and wealth management segment reported a 2% decline in total revenue year over year. The company's Tier 1 leverage ratio decreased by 17 basis points sequentially to 6.1%. The liquidity coverage ratio dropped by 4 percentage points sequentially, reflecting elevated deposit balances. Q: Robin, could you address how you're thinking about capital deployment relative to where the stock is trading today, and the news around BNY pursuing a merger with a competitor? A: Robin Vince, CEO: Our primary focus is on generating value over the medium and long term. We are a capital-light business, as evidenced by our 28% ROTCE. While M&A can be a powerful tool, it has a high bar, especially for larger transactions. We are focused on organic growth, but remain open to sensible inorganic opportunities if they align with our strategic priorities and make financial sense. Q: Is it safe for investors to assume that BNY is becoming a high 20s ROTCE institution, which should support a different multiple than in the past? A: Robin Vince, CEO: We don't see a ceiling on our ROTCE. As a platforms-oriented company, we are focused on fee growth, which is a capital-light business. We have a lot of ambition and are early in our journey, constantly moving the bar higher on ourselves. Q: Can you discuss the evolution of top-of-the-house performance, particularly the fee side, and how it informs the slight increase in the overall cost guide? A: Dermot Mcdonogh, CFO: We focus on positive operating leverage, which has been our core strategy. Revenue is up 9%, and expenses are up 4%, delivering positive operating leverage. The strength in fees underscores our commercial model, and we see strong momentum continuing, despite Q3 being seasonally slower. Q: With so much going well, can you discuss what investments you're making to improve the investment management business? A: Dermot Mcdonogh, CFO: Appointing Jose as the leader of investment management was a key investment. We are focusing on cross-selling within the firm and bringing the boutiques closer to the firm. We see opportunities to leverage our manufacturing capabilities with our Pershing and asset servicing clients. Q: How does AI contribute to your operating leverage, and is it more of a revenue or expense story? A: Robin Vince, CEO: AI is both a top-line and expense story. It unlocks capacity in the company, allowing us to reinvest in higher-value activities. We are in the early days, but we expect AI to accelerate our growth in the coming years. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 days ago
- Business
- Globe and Mail
German American Bank Awarded Raymond James Community Bankers Cup for 2024 Performance
German American Bank has been awarded the prestigious Raymond James Community Bankers Cup for its performance in 2024. This is the second consecutive year the Bank has earned this recognition for being one of the best performing banks in the nation, demonstrating its commitment to building long-term shareholder value. Only 21 community banks in the United States received this award. 'It's an honor for our German American Bank team to receive this recognition from Raymond James,' states Neil Dauby, Chairman and CEO. 'Our employees, customers, and communities are the heart of our success. Our employees strive daily to run a high performing operation, which strengthens our ability to serve our valued customers. This financial strength also allows us to continually invest in the local communities we serve.' The 2024 Raymond James Community Bankers Cup recognizes the top 10% of community banks with assets between $500 million and $10 billion as of December 31, 2024. The award is based on various profitability, operational efficiency, and balance sheet metrics. The pool of banks considered include all exchange-traded domestic banks, excluding mutual holding companies. Of the 202 community banks considered for the 2024 Community Bankers Cup, the top 10% demonstrated superior performance on key financial performance and stability metrics. About German American German American Bancorp, Inc. (Nasdaq: GABC) is a $8.3 billion financial holding company. Through its banking subsidiary, German American Bank, it provides a wide range of banking and wealth management services to businesses and individuals in 94 offices across central and southern Indiana; northern, central and western Kentucky; and central and southwest Ohio. In the Columbus Ohio and Greater Cincinnati markets, the Company does business as Heartland Bank, a division of German American Bank. The Company also owns an investment brokerage subsidiary, German American Investment Services, Inc.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Archer Aviation CFO Mark Mesler Resigns
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Archer Aviation ( (ACHR)) has shared an announcement. Mark Mesler has resigned as Chief Financial Officer of Archer Aviation effective July 7, 2025, after being on medical leave since September 2024. Priya Gupta will continue as the acting CFO, while Harsh Rungta remains the Senior VP of Finance. Mesler's transition includes a severance package and accelerated stock vesting, reflecting a structured leadership transition within the company. The most recent analyst rating on (ACHR) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page. Spark's Take on ACHR Stock According to Spark, TipRanks' AI Analyst, ACHR is a Neutral. Archer Aviation's overall score reflects significant challenges in financial performance due to its developmental stage, lack of revenue, and reliance on financing. Technical indicators suggest mixed momentum, while valuation remains challenging with negative earnings. Positive developments in strategic partnerships and liquidity were highlighted in the earnings call, but FAA certification and high expenses pose risks. To see Spark's full report on ACHR stock, click here. Archer Aviation operates in the aviation industry, focusing on the development and production of electric vertical takeoff and landing (eVTOL) aircraft, aiming to revolutionize urban air mobility. Average Trading Volume: 34,630,964 Technical Sentiment Signal: Buy Current Market Cap: $6.63B For detailed information about ACHR stock, go to TipRanks' Stock Analysis page.
Yahoo
11-07-2025
- Business
- Yahoo
Wolters Kluwer named Premier Leader in BPM Partners Vendor Landscape Matrix for third consecutive year for CCH Tagetik Intelligent Platform
NEW YORK, July 11, 2025--(BUSINESS WIRE)--Wolters Kluwer, a global leader in information, software, and services for professionals, today announced that its AI-powered CCH Tagetik Intelligent Platform has again been named Premier Leader in BPM Partners Vendor Landscape Matrix. CCH Tagetik was further commended in the 2025 BPM Partners Vendor Landscape Matrix with a ranking of 'Outstanding' in Financial Consolidation and Customer Success and 'Excellent' in Financial Planning. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: "We are honored that CCH Tagetik has been acknowledged as a Premier Leader for the third year running. We are committed to product excellence and innovation, and last year, we launched the market's first AI-powered corporate performance management platform—the CCH Tagetik Intelligent Platform with Ask AI—and we have now evolved Ask AI to an embedded super agent. We focus on anticipating emerging market trends and responding with solutions that support customers' current and future needs across business performance and transformation, and strategic risk management." The award-winning, AI-powered CCH® Tagetik Intelligent Platform digitally transforms the Office of the CFO's efficiency, accuracy, and strategic ability. It is a unified AI-powered platform for financial performance management (financial consolidation and close; budgeting, planning, and forecasting; ESG and regulatory reporting; corporate tax). At the heart of its continuous evolution is Ask AI—an emerging super agent that embodies Agentic AI with a Finance Brain™. Designed to address finance-specific needs, Ask AI supports a growing range of use cases: from self-service analytics through natural language–driven data exploration and visualization, to tasks execution with diagnostic checks for financial close and consolidation, and intelligent assistance in configuring data transformation processes. BPM Partners is the leading independent authority on business performance management (BPM/CPM/EPM) and related business intelligence solutions and has been recognized by Forbes as one of America's Best Management Consulting Firms. The company helps organizations address their budgeting, planning, financial consolidation, close and reporting, regulatory compliance, profitability optimization, key performance indicator (KPI) development, and operational performance challenges. Craig Schiff, President and CEO at BPM Partners, said: "Wolters Kluwer's high customer satisfaction scores, the comprehensive and innovative nature of its CCH Tagetik platform, and its commitment to continually investing in AI to drive the continued digital transformation of the Office of the CFO, all contribute to its third consecutive year as Premier Leader in our Vendor Landscape Matrix." Corporate Performance Management (CPM) business unit is part of the Wolters Kluwer Corporate Performance & ESG (CP & ESG) division. The division is the world's leading provider of integrated software solutions for EHS, ESG, Corporate Performance Management and Audit and Assurance. Through innovative technology and unique expertise, Wolters Kluwer CP & ESG enables business leaders to make informed, strategic decisions driving transformation, performance and risk management for a sustainable and resilient world. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. View source version on Contacts Media Contact Sarah WhybrowAssociate Director, External CommunicationsCorporate Performance & ESGWolters KluwerMob: +44 7855 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
