Analyst Consensus ?
ConsensusHold35 ratings
Bullish1542.9%
Neutral2057.1%
Bearish00.0%
First Horizon Corporation · FHN · FY2025 Q2 · Calendar Q3 2025
First Horizon posts solid Q2 as loan growth offsets deposit pressure
The supplied evidence supports a constructive but qualified view: First Horizon paired stronger EPS and loan-driven net interest income growth with maintained revenue guidance and lower expense expectations. The case depends on sustaining targeted loan growth and converting technology and relationship investments into revenue while deposit competition remains a constraint.
Reported Before market openNYSEFinancial Services
$10.84B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.45
Consensus $0.42
EPS surprise
+8.3%
Reported versus consensus
Reported revenue
$807.0M
Consensus $831.7M
Revenue surprise
-3.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.1%
Event window
SPY move
+0.3%
Same window
Abnormal move
+1.7%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+2.4%
Up to 20 sessions
FHNSPY benchmark
Ask FN2 about FHN FY2025 Q2
Transcript, numbers and history already loaded
Why did FHN rise 2.1% after beating EPS estimates in FY2025 Q2?What changed in FHN's guidance and outlook in FY2025 Q2?Give me the bull and bear case for FHN after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, adjusted EPS improved to $0.45 and management reaffirmed revenue guidance while lowering the expense outlook. The latest analysis also highlighted a $100 million pretax revenue opportunity, alongside continued deposit-pricing pressure and a new general-ledger rollout.
Guidance delta
Full-year revenue guidance was reaffirmed, while the expense outlook was lowered to target expense growth of up to 2%.
Key takeaways
- Adjusted EPS rose to $0.45, supported by loan growth and higher net interest income.
- Credit quality remained strong, with charge-off ratios at 22 basis points and improved loan-loss coverage.
- Deposit competition caused modest margin compression, although retention remained strong.
- Management identified a $100 million pretax revenue opportunity from client deepening, technology and mortgage warehouse growth.
Management priorities
- Grow mortgage warehouse, C&I and equipment finance balances.
- Use technology investments to improve treasury management and cross-selling.
- Pursue market-share gains across the Southern U.S. footprint while managing capital.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$22.88Current
$16Low
$24.96Average
$31High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Raymond James | Outperform | Outperform | Maintain | Oct 16, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 16, 2026 |
| Truist Securities | Hold | Hold | Maintain | Oct 9, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 1, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Sep 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Sep 22, 2026 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Apr 16, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Apr 16, 2026 |
| UBS | Neutral | Buy | Downgrade | Apr 7, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 7, 2026 |
| TD Cowen | Hold | Hold | Maintain | Jan 16, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 16, 2026 |
| Baird | Neutral | Outperform | Downgrade | Dec 11, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 10, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jul 17, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 26, 2024 |
| Wedbush | Neutral | Outperform | Downgrade | Sep 24, 2024 |
| Jefferies | Buy | Buy | Maintain | Jul 3, 2024 |
| Janney Montgomery Scott | Neutral | Buy | Downgrade | Mar 1, 2022 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Dec 6, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 21, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 5, 2019 |
| Deutsche Bank | Buy | Hold | Upgrade | Nov 13, 2018 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Jul 18, 2018 |
| Hovde Group | Outperform | Market Perform | Upgrade | Jun 29, 2018 |
| PiperJaffray | Overweight | Overweight | Maintain | Apr 9, 2018 |
| FBR Capital | Market Perform | Underperform | Upgrade | Apr 21, 2015 |
| Compass Point | Buy | Buy | Maintain | Jan 21, 2014 |
| Sandler O'Neill | Hold | Buy | Downgrade | Oct 21, 2013 |
| Piper Sandler | Hold | Buy | Downgrade | Oct 21, 2013 |
| Wunderlich Securities | Hold | Buy | Downgrade | Sep 10, 2013 |
| Wunderlich | Hold | Buy | Downgrade | Sep 10, 2013 |
| FIG Partners | Market Perform | Outperform | Downgrade | Sep 26, 2012 |
| Sterne Agee | Neutral | Neutral | Maintain | Sep 12, 2012 |
| Guggenheim | Buy | Neutral | Upgrade | May 21, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $22.88. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Analyst unavailable | $27 | $23.26 | +18.0% | Oct 16, 2026 |
| Morgan Stanley | Analyst unavailable | $31 | $23.06 | +35.5% | Oct 16, 2026 |
| Truist Financial | Analyst unavailable | $25 | $23.31 | +9.3% | Oct 9, 2026 |
| Evercore ISI | John Pancari | $25 | $23.02 | +9.3% | Oct 1, 2026 |
| Hovde Group | Analyst unavailable | $25 | $23.93 | +9.3% | Sep 17, 2026 |
| Morgan Stanley | Ryan Kenny | $30 | $24.94 | +31.1% | Sep 8, 2026 |
| National Bank | Ryan Kenny | $30 | $24.94 | +31.1% | Sep 8, 2026 |
| Wells Fargo | Terry McEvoy | $28 | $25.46 | +22.4% | Aug 10, 2026 |
| National Bank | Peter Winter | $29 | $25.1 | +26.7% | Jul 16, 2026 |
| Evercore ISI | Analyst unavailable | $27 | $25.73 | +18.0% | Jul 6, 2026 |
| Wells Fargo | Analyst unavailable | $26 | $25.68 | +13.6% | Jul 6, 2026 |
| Fundamental Research | Analyst unavailable | $28.5 | $25.64 | +24.6% | Jul 1, 2026 |
| Raymond James | Analyst unavailable | $28 | $25.64 | +22.4% | Jul 1, 2026 |
| UBS | Analyst unavailable | $29 | $25.72 | +26.7% | Feb 4, 2026 |
| National Bank | Janet Lee | $27 | $24.32 | +18.0% | Jan 16, 2026 |
| D.A. Davidson | Peter Winter | $27 | $24.26 | +18.0% | Jan 16, 2026 |
| Stephens | Analyst unavailable | $29 | $24.44 | +26.7% | Jan 16, 2026 |
| Barclays | Analyst unavailable | $30 | $24.44 | +31.1% | Jan 16, 2026 |
| RBC Capital | Analyst unavailable | $28 | $24.16 | +22.4% | Jan 12, 2026 |
| Truist Financial | Analyst unavailable | $27 | $24.75 | +18.0% | Jan 9, 2026 |
| UBS | Analyst unavailable | $28 | $24.8 | +22.4% | Jan 6, 2026 |
| Goldman Sachs | Analyst unavailable | $27 | $24.38 | +18.0% | Jan 6, 2026 |
| Truist Financial | Analyst unavailable | $26 | $24.2 | +13.6% | Dec 18, 2025 |
| Deutsche Bank | Analyst unavailable | $28 | $23.72 | +22.4% | Dec 16, 2025 |
| National Bank | Bernard von Gizycki | $28 | $23.71 | +22.4% | Dec 16, 2025 |
| Barclays | Analyst unavailable | $28 | $21.82 | +22.4% | Nov 11, 2025 |
| Wells Fargo | Timur Braziler | $23 | $20.85 | +0.5% | Oct 16, 2025 |
| Jefferies | David Chiaverini | $25 | $20.85 | +9.3% | Oct 15, 2025 |
| Raymond James | Analyst unavailable | $23 | $20.85 | +0.5% | Oct 15, 2025 |
| Robert W. Baird | Analyst unavailable | $25 | $20.44 | +9.3% | Oct 15, 2025 |
| RBC Capital | Analyst unavailable | $27 | $23.43 | +18.0% | Oct 10, 2025 |
| Barclays | Analyst unavailable | $29 | $22.98 | +26.7% | Oct 8, 2025 |
| Raymond James | Analyst unavailable | $25 | $23.05 | +9.3% | Oct 7, 2025 |
| Evercore ISI | John Pancari | $26 | $22.66 | +13.6% | Sep 30, 2025 |
| Wells Fargo | Analyst unavailable | $25 | $22.85 | +9.3% | Sep 29, 2025 |
| D.A. Davidson | Peter Winter | $24 | $22.66 | +4.9% | Sep 25, 2025 |
| Robert W. Baird | Brennan Crowley | $17 | $17.39 | -25.7% | Oct 17, 2024 |
| RBC Capital | Jon Arfstrom | $20 | $17.39 | -12.6% | Oct 17, 2024 |
| Stephens | Russell Gunther | $20 | $17.39 | -12.6% | Oct 17, 2024 |
| National Bank | Benjamin Gerlinger | $20 | $17.39 | -12.6% | Oct 17, 2024 |
| Evercore ISI | John Pancari | $18 | $14.92 | -21.3% | Oct 2, 2024 |
| Barclays | Jared Shaw | $19 | $14.67 | -17.0% | Jun 24, 2024 |
| Stephens | Russell Gunther | $19 | $16 | -17.0% | May 22, 2024 |
| Robert W. Baird | Brennan Crowley | $16 | $14.17 | -30.1% | Apr 18, 2024 |
| National Bank | Benjamin Gerlinger | $18.5 | $14.17 | -19.1% | Apr 18, 2024 |
| RBC Capital | Jon Arfstrom | $18 | $15.15 | -21.3% | Apr 9, 2024 |
| National Bank | Brady Gailey | $18 | $14.73 | -21.3% | Apr 4, 2024 |
| UBS | Brody Preston | $16 | $15.12 | -30.1% | Jan 24, 2024 |
| J.P. Morgan | Steven Alexopoulos | $20 | $17.26 | -12.6% | Jan 24, 2022 |
| Morgan Stanley | Ken Zerbe | $21 | $16.35 | -8.2% | Dec 6, 2021 |
| Truist Financial | Jennifer Demba | $20 | $15.48 | -12.6% | Sep 3, 2021 |
Track every rating change on FHN the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFirst Horizon Corporation functions as the parent company of First Horizon Bank, offering a diverse range of financial services. Its operations are segmented into three core divisions: Regional Banking, Specialty Banking, and Corporate. The company provides standard banking services to consumers, businesses, financial institutions, and governmental bodies. Beyond core banking, it also underwrites eligible securities, such as fixed-income instruments, via its financial subsidiaries; engages in the sale of loans and derivatives; and provides advisory services.…
Historical context
All FHN earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MTB-PH M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T Bank: Loan Growth Holds Up as Rates Pressure Margins |
| MTB-PJ M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T: Deposit growth supports margins as AI use expands |
| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
| RF-PC Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee growth supports a steady Q3 outlook |
| TFC-PI Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | -50.9% | — | Truist sharpens focus as Q3 EPS rises 12% |
| TRV The Travelers Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +24.2% | +1.5% | Travelers posts strong Q3, with investment income above $900 million |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-18T08:30:42.414471+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T08:30:42.411702+00:00
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.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
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 2026-10-18. For educational purposes only; not investment advice.