First Horizon FHN Regional Banking — Provision (benefit) for credit losses

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Questions, answered.

What is First Horizon's regional banking — provision (benefit) for credit losses?

First Horizon (FHN) reported regional banking — provision (benefit) for credit losses of $28M in Q1 2024.

How has First Horizon's regional banking — provision (benefit) for credit losses changed year-over-year?

First Horizon's regional banking — provision (benefit) for credit losses decreased by 24.3% year-over-year, from $37M to $28M.

What is the long-term trend for First Horizon's regional banking — provision (benefit) for credit losses?

Over 2 years (2021 to 2023), First Horizon's regional banking — provision (benefit) for credit losses has grown at a -2.2% compound annual growth rate (CAGR), from -$229M to $219M.

What does regional banking — provision (benefit) for credit losses mean?

This is the expense or benefit recorded to adjust the allowance for credit losses based on the bank's assessment of potential future loan defaults. It reflects management's outlook on credit quality and the economic environment for the loan portfolio.