First Horizon Corporation · FHN-PF · FY2025 Q4 · Calendar Q1 2026

First Horizon reports solid Q4 as deposit and CRE risks remain

The call supports a cautiously constructive view: management described solid Q4 execution and several growth initiatives, but the next-year outlook remains dependent on deposit costs, commercial-real-estate performance, and macroeconomic conditions.

Reported Before market openNYSEFinancial Services $11.83B market cap
75quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.52 Consensus $0.46
EPS surprise +12.4% Reported versus consensus
Reported revenue $891.0M Consensus $861.5M
Revenue surprise +3.4% Reported versus consensus

Market reaction

unavailable
Stock move — Event window
SPY move — Same window
Abnormal move — Stock minus SPY
Volume — Versus trailing sessions
Subsequent drift — Up to 20 sessions
Price and volume data were unavailable at publication time.

Ask FN2 about FHN-PF FY2025 Q4

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How did the market react to FHN-PF FY2025 Q4 earnings, and why?What changed in FHN-PF's guidance and outlook in FY2025 Q4?Give me the bull and bear case for FHN-PF after FY2025 Q4 earnings.

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Transcript intelligence

What changed

The current analysis highlights a maintained 2026 outlook, continued capital returns, and growth investment in mortgage-warehouse lending, treasury management, equipment finance, and wealth management. It also identifies deposit pricing and CRE dynamics as the principal constraints to monitor.

Guidance delta

Management maintained its 2026 outlook for 3–7% revenue growth, mid-single-digit loan growth, and a flat expense outlook.

Key takeaways

  • Q4 2025 EPS was $0.52, with a 3.512% net interest margin and 2% loan growth.
  • Management described 2026 priorities around mortgage-warehouse lending, treasury management, equipment finance, and wealth management.
  • Capital returns included buybacks and dividends, while management retained an opportunistic M&A stance.
  • Deposit pricing pressure and commercial-real-estate dynamics remain the main near-term risks.

Management priorities

  • Continue technology investments and branch openings.
  • Deepen treasury-management and wealth-management offerings.
  • Pursue incremental $100 million-plus PPNR opportunities through 2026–2027.
  • Maintain opportunistic share buybacks within the existing program.
  • Monitor strategic M&A opportunities.

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Company context

Snapshot as of publication

First Horizon Corporation functions as the bank holding company for First Horizon Bank, delivering a comprehensive suite of financial services. The organization's operations are structured across three primary divisions: Regional Banking, Specialty Banking, and Corporate. The corporation extends general banking solutions to a diverse clientele, including individual consumers, commercial enterprises, other financial institutions, and governmental bodies. Beyond traditional banking, First Horizon engages in the underwriting of bank-eligible and other fixed-income securities. It also facilitates the sale of loans and various derivative products, alongside providing expert advisory services. Its broad spectrum of offerings encompasses mortgage banking, title insurance and loan-closing support, and brokerage services.…

Historical context

All FHN-PF earnings
—FY2026 Q3 · Calendar Q4 2026—FY2026 Q2 · Calendar Q3 2026—FY2026 Q1 · Calendar Q2 2026

Financial Services peers this season

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USB-PR U.S. Bancorp FY2026 Q3 · Calendar Q4 2026 — — U.S. Bancorp raises outlook as BTIG and fee growth lift Q3
USB-PS U.S. Bancorp Depositary Shares, FY2026 Q3 · Calendar Q4 2026 — — U.S. Bancorp raises guidance as BTIG and fee growth support Q3
FHN First Horizon Corporation FY2026 Q3 · Calendar Q4 2026 — +2.1% First Horizon Repositions Assets to Support NIM and Growth
USB-PQ U.S. Bancorp FY2026 Q3 · Calendar Q4 2026 — — U.S. Bancorp raises guidance as fees and BTIG support growth
PNC The PNC Financial Services Group, Inc. FY2026 Q3 · Calendar Q4 2026 — +0.3% PNC Raises Full-Year Outlook as Loan and Fee Growth Accelerate
USB-PA U.S. Bancorp PERP PFD SER A FY2026 Q3 · Calendar Q4 2026 — — U.S. Bancorp raises 2026 outlook as BTIG and payments gain traction

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-16. For educational purposes only; not investment advice.