- First Horizon posts a second-quarter net loss of $124.8 million, or 50 cents a share.
- Previously announced charges of $272 million take 67-cent bite from earnings.
- Repurchased $36.9 million worth of shares during the second quarter; $74.5 remaining authorized for buybacks.
The shares trade just below their reported June 30 tangible book value of $8.28, and for 9.5 times the consensus 2013 earnings estimate of 90 cents a share. The consensus 2012 EPS estimate is six cents. Interested in more on First Horizon? See TheStreet Ratings' report card for this stock.
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