First Horizon Corporation Earnings Recaps
Q1 2026
Apr 15, 2026
First Horizon reported solid Q1 2026 earnings with adjusted ROTCE of 15.1%, driven by strong C&I loan growth and disciplined deposit management, reflecting resilient profitability amid market headwinds.
Key takeaways
- Net interest income rose 6% YoY, outperforming loan growth of 3%, supported by deposit cost control and yield management.
- C&I portfolio expanded by $624 million, highlighting momentum in core commercial lending, despite headwinds in CRE and consumer segments.
- Strong capital position with CET1 at 10.53%, and $400 million in preferred stock issuance boosting Tier 1 ratio to 11.95%.
- Expense discipline evident with a $32 million quarterly decrease, including lower personnel and outside services costs.
- Credit metrics remain stable with net charge-offs at 18 bps and provision levels aligned with expectations.
Q3 2025
Oct 16, 2025
First Horizon reported a strong third quarter with adjusted EPS of $0.51, driven by significant growth in net interest income and robust performance in fee income, indicating effective management of market conditions and a focus on higher profitability relationships.
Key takeaways
- Adjusted EPS increased by $0.06 quarter-over-quarter, enhancing return on tangible common equity to 15%.
- Net interest income grew by $33 million with a 15 basis point expansion in net interest margin, reaching 3.55%.
- Fee income rose by $26 million, supported by increased customer activity and a significant MSR sale.
- Noninterest-bearing deposits grew by $131 million, reflecting strong deposit retention at 97% during repricing events.
- Credit quality remains stable with a net charge-off ratio of 17 basis points, and the provision for loan losses was a credit of $5 million.