First Horizon (NYSE:FHN) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

First Horizon (NYSE:FHN) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04, FiscalAI reports. The firm had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $869.49 million. First Horizon had a return on equity of 11.21% and a net margin of 19.67%.First Horizon’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share.

Here are the key takeaways from First Horizon’s conference call:

• Delivered strong profitability with 15.1% adjusted ROTCE, EPS of $0.53, ROAA of 1.30% (up 19 bps YoY) and NII +6% YoY, highlighting continued focus on profitable growth.
• Commercial pipelines are robust — core C&I balances grew $624 million in the quarter and management expects continued C&I and improving CRE production later in the year.
• Deposit pressure and competition are rising (period-end deposits down ~$1B, cumulative deposit beta 69%), and management warns deposit costs could tick up in Q2–Q3, which may pressure NIM.
• Capital actions are shareholder-friendly — CET1 was 10.53% after about $230 million of buybacks this quarter, with ~$765 million authorization remaining and opportunistic repurchases planned; issued $400 million Series H preferred to bolster capital.
• Credit remains in line with expectations (net charge-offs 18 bps, provision $15 million, ACL to loans 1.28%); mortgage-warehouse and NBFI exposure is characterized as operationally low-loss but is being monitored.

First Horizon Price Performance

Shares of NYSE:FHN opened at $24.18 on Thursday. The business has a fifty day simple moving average of $23.61 and a 200-day simple moving average of $23.15. First Horizon has a 52 week low of $16.44 and a 52 week high of $26.56. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.55 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.95 and a beta of 0.62.

First Horizon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were given a $0.17 dividend. This is an increase from First Horizon’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, March 13th. First Horizon’s dividend payout ratio (DPR) is presently 36.17%.

Insider Transactions at First Horizon

In other First Horizon news, EVP Anthony J. Restel sold 5,719 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $24.35, for a total transaction of $139,257.65. Following the completion of the sale, the executive vice president owned 619,132 shares of the company’s stock, valued at approximately $15,075,864.20. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On First Horizon

A number of institutional investors have recently added to or reduced their stakes in FHN. Kestra Investment Management LLC grew its position in First Horizon by 873.1% during the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,458 shares during the period. Geneos Wealth Management Inc. grew its position in First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,095 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of First Horizon in the fourth quarter worth about $51,000. Triumph Capital Management purchased a new stake in shares of First Horizon in the third quarter worth about $77,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of First Horizon in the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research cut First Horizon from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Weiss Ratings cut First Horizon from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 17th. Truist Financial set a $27.00 price objective on First Horizon in a report on Friday, January 9th. National Bank Financial set a $27.00 price target on First Horizon in a report on Friday, January 16th. Finally, Citigroup boosted their price target on First Horizon from $28.00 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.45.

Trending Headlines about First Horizon

Here are the key news stories impacting First Horizon this week:

• Positive Sentiment: Q1 earnings beat consensus — FHN reported GAAP EPS of $0.53 (vs. ~$0.49 consensus) and net income of $257M, driven by solid margin performance and year-over-year EPS improvement. First Quarter 2026 Results (PRNewswire)
• Positive Sentiment: Strong credit and deposit stability — analysts note resilient credit quality, limited CRE exposure, stable non?interest bearing deposits and low-risk mortgage warehousing that reduce downside loan risk. Q1 Review: Credit Quality Remains Resilient (Seeking Alpha)
• Positive Sentiment: Share repurchase program reduces float — management is returning capital and has cut share count by about 7% via buybacks, which supports EPS and shareholder value. Q1 Review: Credit Quality Remains Resilient (Seeking Alpha)
• Neutral Sentiment: Company outlook and capital target — First Horizon outlined 2026 revenue growth guidance of roughly 3%–7% and is targeting a 10.5% CET1 ratio, signaling conservative capital build and modest top?line expansion. 2026 Guidance and CET1 Target (Seeking Alpha)
• Neutral Sentiment: Management detail — the earnings call transcript provides color on loan growth, margin drivers and risk management for investors parsing forward momentum. Q1 2026 Earnings Call Transcript (Seeking Alpha)
• Negative Sentiment: Revenue slightly missed estimates — reported revenue (~$865M) came in a touch below Street estimates, which tempers the EPS beat and is the main near?term concern for growth skeptics. Revenue Miss Coverage (Yahoo Finance)

About First Horizon

First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.

Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.