First Horizon Corporation · FHN-PF · FY2026 Q1 · Calendar Q2 2026
First Horizon maintains outlook as C&I growth supports earnings
The quarter supports a constructive but conditional view: C&I growth, cross-selling and technology investments are supporting earnings, while deposit costs, macro uncertainty and execution risk remain material constraints.
Earnings scorecard
Reported versus consensusMarket reaction
unavailableAsk FN2 about FHN-PF FY2026 Q1
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported stronger C&I momentum and maintained guidance, while highlighting a $100 million-plus PPNR opportunity and continued AI-enabled operating leverage. Deposit beta was 69% versus 64% in the prior-quarter analysis, and CET1 remained close to the stated target.
Guidance delta
Maintained full-year guidance; management continues to pursue a $100 million-plus PPNR opportunity.
Key takeaways
- C&I balances grew $624 million year over year, supporting net interest income growth.
- Adjusted ROTCE reached 15.1% for the third consecutive quarter above 15%.
- Deposit beta remained elevated at 69%, while CET1 ended at 10.53% against a 10.5% target.
Management priorities
- Deepen specialty-regional integration and pursue the $100 million-plus PPNR opportunity.
- Expand treasury, wealth-management and equipment-finance cross-selling.
- Continue technology and AI investment while maintaining disciplined capital deployment.
Follow FHN-PF with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeCompany context
Snapshot as of publicationFirst 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 earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| 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 |
Latest beats and misses
Who reports nextBeat on EPS
Get the FHN-PF recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- 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 2026-10-15. For educational purposes only; not investment advice.