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

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

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

What is First Horizon's gross profit margin?

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

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

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?

- **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

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

FHN

FHN fundamentals

You can ask Aime