FHN Research | Milton Maxwell

FHN

First Horizon Corporation

23.67

-0.06-0.25%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Q&A details loan, deposit drivers

1/14/26Jan 14, 2026

Q&A unpacked 2026's mid-single-digit loan growth, spotlighting mortgage warehouse refi pickup, C&I origination inflection, and CRE stabilization with pipeline momentum. Deposits should grow faster via treasury management and consumer initiatives, though betas hinge on Fed liquidity more than rivals. Flat expenses mask 2.5-3% inflation offset by winding tech investments; ROTCE 15% now sustainable on average. M&A deprioritized for organic focus. Credit addressed NDFI controls robustly. Q&A reaffirms outlook with execution color. Watch CRE funding stride.

Key Stats

Market Cap

12.02B

P/E (TTM)

14.26

Basic EPS (TTM)

1.66

Dividend Yield

0.03%

Recent Filings

10-K

FY2025 results

2/26/26Feb 26, 2026

First Horizon Corporation capped FY2025 with $84B assets, $64B loans up 3% y/y, and $68B deposits up 3% y/y, driven by C&I growth of $2.5B including $1.2B to mortgage companies while CRE declined $0.9B. Net income available to common hit $956M or $1.87 diluted EPS, up from $738M/$1.36 y/y, as NIM expanded 12bps to 3.47% on lower deposit costs, provision fell to $65M from $150M amid criticized loan resolutions, and noninterest income surged 17% sans prior securities losses. Q4 accelerated loan growth and deposit gains, but quarterly trends undisclosed. CET1 dipped to 10.63% post $918M buybacks; liquidity strong at $33B available. Yet cybersecurity breaches could disrupt quarterly momentum.

8-K

FHN Q4 NIAC up 1%, FY +29%

1/15/26Jan 15, 2026

First Horizon posted Q4 NIAC of $257M, up 1% QoQ, with full-year 2025 jumping 29% to $956M or $1.87 EPS on 4% NII growth to $2.6B and NIM expansion to 3.47%. Loans hit $64.2B, deposits $67.5B; credit stayed tight at 0.94% NPLs, 1.31% ACL. CET1 dipped to 10.6% after $894M buybacks. Strong execution.

10-Q

Q3 FY2025 results

11/6/25Nov 6, 2025

First Horizon posted Q3 net income of $266M, up 19% y/y and 10% q/q, with diluted EPS at $0.50 versus $0.40 y/y and $0.45 q/q—share repurchases worked. Net interest income jumped to $674M, +7% y/y and +5% q/q (derived), fueled by Main Street Lending Program accretion and lower deposit costs, lifting NIM to 3.55% from 3.31% y/y. Provision swung to a $5M credit from $35M expense y/y as charge-offs ticked to 17 bps from 15 bps; ALLL dipped to 1.23% on lighter CRE balances. Deposits held steady at $65.5B while loans grew 1% to $63.1B on C&I gains; CET1 eased to 10.96%. Repurchased $190M in shares. Competition sharpens for deposits amid rate cuts.

8-K

Elects energy exec to board

10/28/25Oct 28, 2025

First Horizon elected Sital K. Mody, Kinder Morgan's Natural Gas Pipelines President, to its Board on October 27, 2025, effective immediately; the Board expanded from 13 to 14 members via bylaw amendment. Mody joins the Nominating and Corporate Governance and Compensation Committees. Brings energy infrastructure expertise. No related arrangements disclosed.

8-K

Strong Q3 earnings, NIM up

10/15/25Oct 15, 2025

First Horizon posted Q3 net income to common of $254M, EPS $0.50, up from Q2's $233M/$0.45. NII jumped $33M to $678M (FTE) with NIM at 3.55%, fueled by loan growth and Main Street accretion, while fees rose on fixed income strength. Credit shone: $5M provision credit, NCOs fell to 0.17%. CET1 steady at 11.0%. Solid execution.

About

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments. The company offers commercial banking, business banking, consumer banking, and private client and wealth management business such as deposit, commercial, consumer & wealth investment, wealth management, financial planning, trust and asset management services. The Specialty Banking segment provides wholes banking services like fixed income/capital markets, professional commercial real estate, mortgage warehouse lending, asset-based lending, franchise finance, equipment finance, energy finance, healthcare finance, and trucking and transportation finance; as well as treasury management solutions, loan syndications, and international banking. In addition, the company offers corporate and correspondent banking services. Further, it provides transaction processing services including check clearing services and remittance processing, credit card products, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

CEO

Mr. D. Bryan Jordan

IPO

3/17/1980

Website

https://www.firsthorizon.com

Employees

7,300

Sector

Financial Services

Industry

Banks - Regional