What does First Horizon do and what are its main business segments?

What were the key takeaways from First Horizon's earnings call?

What factors drove the changes in First Horizon's revenue and profit?

What guidance did First Horizon's management provide for the next earnings period?

What is the market's earnings forecast for First Horizon next quarter?

What is the revenue and EPS growth rate for First Horizon year over year?

What is First Horizon's gross profit margin?

What is First Horizon's latest dividend and current dividend yield?

- **15% ROTCE Sustained**: Achieved 15% ROTCE in Q4 2025, with PPNR growth driven by improved balance sheet profitability and client relationship deepening.
- **$100M+ PPNR Opportunity**: Incremental revenue growth embedded in 2026 outlook, driven by treasury management, wealth penetration, and pricing optimization.
- **3-7% Revenue Growth**: 2026 target range reflects mid-single-digit loan growth (2% Q4), stable NIM (3.51%), and fee income upside from mortgage refinance activity.
- **Flat Expense Guidance**: Base case assumes 2.5-3% expense growth aligned with inflation; countercyclical commission expenses could drive higher-end revenue growth.
- **Credit Stability**: Net charge-offs at 19bps (15-25bps 2026 guidance); 64% deposit beta since rate cuts began in September 2024.

**【CEO Summary Section】**
- Achieved 15% ROTCE in the second half of 2025, with PPNR growth driven by improved loan mix, deposit cost management, and tighter balance sheet integration.
- Returned $894 million in capital through buybacks and dividends in 2025, with plans to continue returning capital while investing in growth opportunities.
- Highlighted $100 million+ incremental PPNR opportunity through deeper client relationships, product penetration (treasury management, wealth), and pricing optimization.

**【CFO Financial Commentary】**
- Q4 2025 EPS: $0.52; Net Interest Margin (NIM): 3.51%; Loan Growth: 2% (annualized 7%).
- Deposit costs declined 25bps Q/Q, with cumulative beta of 64% since rate cuts began in September 2024.
- Mortgage warehouse loans grew $776 million Q/Q, driven by refinance activity (33% of total activity vs. 25% in prior quarters).
- Fee income increased $3 million Q/Q, driven by equipment finance lease activity.
- 2026 Outlook: 3-7% revenue growth (mid-single-digit loan growth, stable NIM); flat expenses (excluding countercyclical commission expenses).

**【Q&A Highlights】**
- **Revenue Growth Drivers**: Mortgage warehouse (potential double-digit growth), C&amp;I (strong origination momentum), and CRE stabilization.
- **Expense Management**: Base case assumes 2.5-3% expense growth aligned with inflation; $100 million+ PPNR opportunity embedded in 2026 outlook.
- **Credit Performance**: Net charge-offs at 19bps (15-25bps 2026 guidance); ACL to loans ratio at 1.31% (down from 1.45% in 2024).
- **Capital Allocation**: CET1 target of 10.75% near-term, with long-term goal of 10-10.5% as economic clarity improves.
- **M&amp;A Strategy**: No immediate priority for whole-bank acquisitions; focus on organic growth and pipeline opportunities.
- **NDFI Risk**: 60% of NDFI exposure in mortgage warehouse (collateralized loans); non-mortgage NDFI book managed with rigorous field exams and scorecarding.

First Horizon Corporation (FHN) Q4 2025 Earnings Call Transcript

- **Revenue Beat**: Adjusted EPS of $0.51, driven by NII and fee income growth.
- **Margin Expansion**: NIM 3.55% with accretion from Main Street Program.
- **M&A Flexibility**: Open to tuck-in deals in existing footprint, capital prioritized for organic growth.
- **Expense Control**: Flattish 2026 expenses with strategic tech investments.
- **Credit Resilience**: Stable charge-offs, strong credit metrics.
- **Capital Efficiency**: CET1 target 10.75%, buybacks as residual capital use.

**【CEO Summary Section】**
- **Revenue Growth**: Adjusted EPS of $0.51 per share, driven by net interest income (NII) growth and fee income expansion.
- **Margin Expansion**: Net interest margin (NIM) expanded to 3.55% due to Main Street Lending Program accretion and loan growth.
- **Strategic Focus**: Emphasis on organic growth in C&I and CRE, with pipeline momentum in lower-rate environment.
- **M&A Readiness**: Open to tuck-in acquisitions in existing footprint, with capital deployment prioritized for organic growth.

**【CFO Financial Commentary】**
- **GAAP Net Income**: $420 million, with non-GAAP EPS of $1.08 (excluding one-time items).
- **Expense Management**: Adjusted expenses up $45 million Q/Q, driven by incentives and technology investments.
- **Credit Quality**: Charge-offs stable at 17 bps, with ACL at 1.38% of loans.
- **Capital Target**: CET1 at 11.0%, aiming for 10.75% post-stress testing.
- **2026 Outlook**: $100+ million pretax PPNR from existing book, flattish expenses with strategic investments.

**【Q&A Highlights】**
- **Deposit Franchise**: Core deposits resilient despite seasonal CD runoff, retention rate 91% post-repricing.
- **M&A Environment**: Regulatory ease may enable smaller deals, but focus on organic deployment.
- **CRE Growth**: CRE paydowns expected to stabilize, with focus on higher-yielding loans.
- **Rate Impact**: Deposit repricing lagging loan repricing, but NIM expected to hold with rate cuts.
- **Share Buybacks**: Capital deployment prioritized for loan growth, buybacks as residual capital use.

First Horizon Corporation (FHN) Q3 2025 Earnings Call Transcript

- **EPS Beat**: $0.45 adjusted EPS (+$0.03 QoQ) driven by $10M NII growth and 2% loan/deposit expansion.
- **Credit Strength**: 22 bps charge-off ratio, 3 bps ACL coverage improvement, $34M net charge-offs.
- **Deposit Management**: 95% repricing retention, 72% rate beta, $1.4B period-end growth.
- **Growth Drivers**: Mortgage warehouse (+$689M), C&I (+$316M), 2% loan growth.
- **Strategic Focus**: $100M+ PPNR target via client deepening, 15%+ ROTCE by 2026, disciplined capital deployment.

**【CEO Summary Section】**
- Reported adjusted EPS of $0.45, up $0.03 from the prior quarter, driven by $4 million PPNR growth and $10 million net interest income (NII) expansion from loan portfolio growth.
- Credit metrics remained strong with a 22 basis point charge-off ratio, 3 basis point improvement in ACL coverage, and $34 million net charge-offs.
- Balance sheet growth: loans and deposits each increased 2% QoQ, supported by $689 million in mortgage warehouse lending and $1.4 billion deposit growth.
- Optimistic on 2025-2026 momentum, citing stable economic fundamentals and improving customer confidence.

**【CFO Financial Commentary】**
- NII grew $10 million QoQ, with 3 basis point loan yield expansion, offset by 4 basis point deposit cost compression (2.76% avg rate).
- Deposit performance: $1.4 billion period-end growth (95% retention of repricing balances), $57 million noninterest-bearing deposit increase.
- Fee income decreased $3 million QoQ due to ADR decline, partially offset by $4 million seasonal service charge pickup.
- Expenses +$4 million QoQ, with $8 million incentive reduction offset by $5 million salary growth and $7 million marketing investment.
- 2025 guidance: PPNR growth target maintained, expense range adjusted to flat/+2% vs. prior +3%.

**【Q&A Key Highlights】**
- **Deposit Pricing**: 72% beta since 2024 Fed cuts; Q3 expects 'zigzag' repricing as competition guarantees 6-9 month rates.
- **Credit Health**: C&I resilience, multifamily CRE payoffs ($125M upgrades, $125M payoffs), no new stress verticals identified.
- **Mortgage Warehouse**: Q3 balances expected to remain flat or higher, driven by new client wins and share gains.
- **Capital Deployment**: Buybacks ($9M Q2) contingent on loan growth; CET1 target (10.5-11%) may adjust post-CCAR.
- **Fee Income Risk**: ADR at 6-year low; $100M+ PPNR opportunity tied to treasury management and client deepening.

First Horizon Corporation (FHN) Q2 2025 Earnings Call Transcript

- **Net Interest Margin Expansion**: 9 basis points to 3.42% driven by 38 basis point deposit rate decline, offsetting 20 basis point loan yield drop.
- **Share Repurchase Momentum**: $360 million Q1 buybacks highlight capital discipline, with CET1 ratio maintained at 10.9%.
- **Credit Resilience**: 19 basis point net charge-off ratio despite 2 basis point ACL increase, reflecting cautious but stable credit culture.
- **Countercyclical Growth**: Mortgage warehouse and fixed income businesses poised to benefit from rate cuts, with Q2/Q3 seasonal pickup in mortgage origination.


**【CEO Summary Section】**
- The company reported Q1 2025 adjusted EPS of $0.42, down $0.01 from the prior quarter, driven by $16 million growth in pre-provision net revenue (PPNR) and a 9 basis point expansion in net interest margin (NIM) to 3.42%. Deposit cost management reduced interest-bearing deposit rates by 38 basis points, offsetting lower loan yields.
- Capital deployment included $360 million in share repurchases, maintaining a CET1 ratio of 10.9%. Management emphasized a 15%+ return on tangible common equity (ROTE) target, achievable through disciplined capital management and countercyclical revenue streams like mortgage warehouse lending.

**【CFO Financial Commentary】**
- Net interest income (NII) increased $1 million, with $42 million of incremental NII from deposit rate reductions and $8 million from Q4 2024 portfolio restructuring. Fee income declined $5 million due to market volatility in fixed income trading, while expenses decreased $20 million (excluding deferred compensation) through cost control.
- Credit performance remained strong with a 19 basis point net charge-off ratio, though the ACL-to-loans ratio rose 2 basis points to 1.45% to reflect macroeconomic uncertainty. Period-end loans declined 1% due to commercial real estate paydowns, but C&I pipeline activity showed resilience.

**【Q&A Key Highlights】**
- **PPNR Growth Confidence**: Despite economic uncertainty, management expects to meet 2025 PPNR growth guidance through balance sheet management and countercyclical fee income. A three-rate-cut scenario is the base case, with FHN Financial and mortgage warehouse businesses offsetting NII headwinds.
- **Capital Deployment**: Share buybacks will continue at $360 million+ quarterly pace if conditions allow, targeting 11% CET1. Management sees no immediate need to lower the CET1 target below 10.5% despite economic risks.
- **Credit Outlook**: ACL adjustments reflect cautious positioning, but net charge-offs remain stable at 19 basis points. Mortgage warehouse growth (seasonally strong in Q2/Q3) and relationship banking strategies support deposit retention and margin stability.


First Horizon (FHN)-16 Apr 25-2025 Q1 Earnings call transcript

- **2024 Strong Finish**: EPS +8%, NIM 3.35%, $55M countercyclical revenue boost. Loan/deposit growth 3%/2%, NCO ratio 18bps.
- **Q4 Margin Resilience**: NIM +$2M QoQ via 34bps deposit cost reduction. $35M annual benefit from $1.2B securities restructure.
- **2025 Outlook**: Flat to +4% revenue, 2-4% expense growth. Mortgage warehouse lending +$1.4B new lines, targeting low-single-digit loan growth.
- **Capital Flexibility**: $163M Q4 buybacks, CET1 11.2%. 2.5-year earnback on securities portfolio restructuring.
- **Credit Strength**: NCO 8bps, ACL-to-loans 1.43%, 60% NPLs current on payments.


**【CEO Opening Remarks】**
- **2024 Performance Highlights**: Adjusted EPS grew by $0.12 (8%) to $1.52, driven by margin expansion, fee income growth, and strong credit performance. Net interest margin (NIM) remained stable at 3.35% despite rate cuts. Countercyclical businesses contributed $55M to pre-provision net revenue.
- **Client Growth**: Average loans +3%, deposits +2%. Net charge-offs (NCO) ratio improved to 18bps (down 10bps YoY). Capital returns totaled $930M via dividends and buybacks.
- **2025 Outlook**: Target flat to +4% revenue growth, 2-4% expense growth, and continued focus on loan demand and deposit pricing flexibility.

**【CFO Financial Review】**
- **Q4 2024 Results**: Adjusted EPS $0.43 (+$0.01 QoQ). NIM +$2M QoQ due to 34bps deposit cost reduction offsetting 28bps loan yield decline. Fee income (ex-deferred comp) +$3M QoQ driven by fixed income trading.
- **Balance Sheet Management**: Restructured $1.2B securities portfolio, reinvesting at +5.1% yield vs. 1.9% sold. Expected $35M annual NII benefit with 2.5-year earnback period. Deposit beta 56% QoQ, retaining 95% of $1.8B repricing CDs.
- **Credit Quality**: NCO ratio 8bps (vs. 10bps Q3), ACL-to-loans 1.43%. Non-performing loans (NPL) +4bps due to multifamily lease-up delays, but 60% of NPLs current on payments.

**【Q&A Key Themes】**
- **Rate Environment**: Management confident in maintaining NIM stability through deposit repricing. 2025 guidance assumes 3 rate cuts, but countercyclical fee businesses hedge NII sensitivity.
- **Loan Growth**: Expect low-single-digit loan growth, driven by C&I and mortgage warehouse lending (2024 +$1.4B new lines). Mortgage warehouse share gains reflect expertise in high-yield lending.
- **Capital Management**: Target CET1 10.5-11%. Buybacks ($163M Q4) and portfolio restructuring demonstrate capital flexibility. No immediate plans to lower CET1 below 10.5% without economic stabilization.
- **Tech Investment**: Completed $100M 3-year tech refresh (GL, TMS). 2025 focus on client-facing innovations like digital banking enhancements.
- **Regulatory Outlook**: Advocating for risk-based capital framework adjustments to reduce compliance costs for mid-sized banks.


Actual																0.04	0.17	0.95	0.42	0.4	0.53	0.41	0.4	0.34	0.29	0.45	0.45	0.43	0.56	0.23	0.31	0.33	0.34	0.4	0.43	0.42	0.45	0.51	0.52
Forecast																0.3066	0.1296	0.5134	0.2811	0.3498	0.3944	0.3471	0.3292	0.3236	0.3481	0.4396	0.52	0.472	0.6514	0.2397	0.2678	0.3288	0.2992	0.3738	0.3908	0.3987	0.4156	0.4453	0.4583	0.4967
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-86.95%	+31.17%	+85.04%	+49.41%	+14.35%	+34.38%	+18.12%	+21.51%	+5.07%	-16.69%	+2.37%	-13.46%	-8.90%	-14.03%	-4.05%	+15.76%	+0.36%	+13.64%	+7.01%	+10.03%	+5.34%	+8.28%	+14.53%	+13.46%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	477.56M	511.61M	824.00M	812.00M	809.00M	785.00M	760.00M	748.00M	704.00M	730.00M	846.00M	882.00M	859.00M	1.03B	778.50M	800.00M	823.00M	819.00M	827.50M	733.00M	815.00M	830.00M	889.00M	869.50M	--
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	478.35M	485.46M	799.54M	782.40M	762.32M	769.32M	744.90M	730.51M	706.52M	733.17M	827.66M	872.73M	879.21M	821.11M	797.23M	787.73M	809.51M	822.07M	821.57M	820.84M	823.64M	831.67M	847.30M	859.78M	870.54M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.17%	+5.39%	+3.06%	+3.78%	+6.12%	+2.04%	+2.03%	+2.39%	-0.36%	-0.43%	+2.22%	+1.06%	-2.30%	+25.56%	-2.35%	+1.56%	+1.67%	-0.37%	+0.72%	-10.70%	-1.05%	-0.20%	+4.92%	+1.13%	0.00%

FHN

FHN fundamentals

FHN Q1 2026 Earnings Preview

Earnings Call

You can ask Aime

FHN

FHN fundamentals

FHN Q1 2026 Earnings Preview

Earnings Call

FHN Earnings Call Summary for Q1/2026Upcoming9:30 AM on Apr 15, 2026

FHN Earnings Call Summary for Q4/20259:30 AM on Jan 15, 2026

FHN Earnings Call Summary for Q3/20259:30 AM on Oct 15, 2025

FHN Earnings Call Summary for Q2/20259:30 AM on Jul 16, 2025

FHN Earnings Call Summary for Q1/20259:30 AM on Apr 16, 2025

You can ask Aime